Buy the DIP, and HODL!

[Olatundespo]

I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.

I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.

But you don't need to have the money to buy 1 bitcoin or half bitcoin before you can invest in bitcoin. No matter your financial level you can invest in bitcoin, if you have it in mind to invest in it. If you keep investing little by little over the years, before long you can have up to half of the bitcoin you couldn't afford at once. That's why it's always advisable to have a long time perspective when investing in bitcoin, so that if you keep accumulating gradually, before the end of your accumulation period, you must have accumulated a reasonable stash of bitcoin. Before you know it, you may have accumulated up to that 1 bitcoin or the half of the bitcoin you couldn't afford to buy at once. So you saying the poor can't afford bitcoin is wrong, anyone can afford bitcoin.

In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.

Bitcoin investment is not as difficult as your narrative on the bolded part, honestly your narratives on that bolded part can pass a negative information and can be misleading especially to newbies coming in to the thread, it is lack of understanding that makes some people think that Bitcoin is for the strong hearted, Bitcoin investment to the best of my knowledge is very much simplify especially with idea of investing from our discretionary income, that is to say, you will first ensure that your basic needs are taken care of and use the left over cash to invest and I don't see it as a big deal, that your are investing in Bitcoin doesn't mean you will not take care of yourself and go for vacation.

Your idea for accumulating Bitcoin is really simple we think. Your family needs can be multi-dimensional based on basic needs which you can divide into layers to meet their needs which will be easy for Bitcoin accumulation. I want to understand that you will see a mix of basic needs for the family with luxuries that you will need and want to have. If you limit your family to only basic needs then it can be called poverty. There is a discussion in the forum every now and then that accumulating Bitcoin based on discretionary income which meets your every need is a good way to hold Bitcoin. With this you can have a backup fund every week which will grow over time and add units during the downfall of Bitcoin along with increasing economic strength.

Things you should keep in mind while doing Bitcoin so that you do not become poor which is why you do not have to hold it for long term or sell it for a small profit. It is your responsibility to take care of each asset and focus more on the growth of valuable assets like Bitcoin.

[EclipseXcrypto]

I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.

I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.

Bitcoin investment is not only for the rich both parties (rich/poor) can invest in bitcoin their difference lies in their discretionary income the rich will have a higher discretionary income more then the poor and this will make the Rich to accumulate more Bitcoin than then the poor

I agree with you that the difference between the rich and the poor is the level of their discretion fund, but the aspect of saying that "the rich will accumulate more than the poor", is totally wrong. The rich having a more privilege of higher discretion does give them liberty to accumulate more than the poor. There are situation where the rich will have a higher discretion but his investment strategy is whimpy than the poor. Let say a rich person has a discretion amount of $50k and be investing $20 through DCA every week and a poor guy who has $3k in his discretion may be investing $50 per week and may still have a job that will be paying him $1k every month. So both has a big distance of discretion and may equally have a paying job but the investment capacity of both are not thesame in the sense that the poor even have more stake in his investment. So in this case the rich guy has an advantage in discretion but not able to invest in accordance with his fund, so invariably the poor guy will accumulate more than him in the space of time. So the impression I wan to correct is that being a rich guy and having a huge discretion doesn't mean such person must invest more than the poor. Investment in Bitcoin is done in a way we can invest comfortably without being affected and this is done individually and indepently without consedering class of rich and poor.

There is no way a poor bitcoin investor will accumulate more bitcoin more than the rich bitcoin investor the rich folk might decide to invest aggressively in such a way that it won't even affect his personal living or needs, he might also even choose to be using the lump sum strategy to accumulate at times and still continuously using the DCA strategy unless in a case where by the rich guy is just trading and not investing and the poor guy is continually using the DCA strategy and hold for long probably 10 years and more then I will agree with you if not such case I believe am still right about my word you bolded.

Let us understand something about accumulation, its not just about how much you can invest but how much of your income you are willing to allocate towards your investment. A poor person can out perform a rich individual based on the percentage he puts from his income. He might be richer, earning more  and have more financial power but the percentage he allocate from his income might not match the poor person, according to the percentage both puts in.

Example,  a poor person can definitely outperform a rich person based on the percentage of their income they invest. If the poor individual is putting in 30% of their $1,500 monthly income, that's $450 going into bitcoin each month. Meanwhile if the rich person despite earning significantly more, only invests a smaller percentage of their income, say 5% of $500,000, that's just $25,000 a month. Over time the consistent, higher percentage investment from the poor individual can lead to substantial growth, especially if bitcoin appreciates. It really highlights that it’s about the commitment to invest a meaningful portion of your income rather than just the dollar amount.

[DubemIfedigbo001]

I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.

I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.

But you don't need to have the money to buy 1 bitcoin or half bitcoin before you can invest in bitcoin. No matter your financial level you can invest in bitcoin, if you have it in mind to invest in it. If you keep investing little by little over the years, before long you can have up to half of the bitcoin you couldn't afford at once. That's why it's always advisable to have a long time perspective when investing in bitcoin, so that if you keep accumulating gradually, before the end of your accumulation period, you must have accumulated a reasonable stash of bitcoin. Before you know it, you may have accumulated up to that 1 bitcoin or the half of the bitcoin you couldn't afford to buy at once. So you saying the poor can't afford bitcoin is wrong, anyone can afford bitcoin.

In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.

Your comment will likely mislead newbies into believing that bitcoin investment is only meant for the strong-hearted minds, which will make them not invest in bitcoin because they will believe they are not in the right position or mind to start up their bitcoin investment. From the way you are sounding, it is like you are passing through so much pressure to invest in bitcoin because the last time I checked, bitcoin investment is very easy to start, and it doesn't require any strong-hearted persons to start but only your discretionary income. Bitcoin investment is best done when you use the money you will not be needing for 4-10 years or more to invest in bitcoin or when you invest with your discretionary income in such a way that you will not always struggle to sort out your daily expenses so that you will not deprive yourself of the good things of this world.

Bitcoin accumulation is easy to start, but your strength of character is what maintains you in the accumulation process for a long period of time. like you said, it is easy to start, but I tell you it is not so easy to maintain until you have attained the strength of character and discipline to withhold yourself from bowing to the pressure of volatility and remaining committed to buying periodically for across even a cycle. It is for the strong of character and the determined persons who have mastered the art of setting a target and never deviating from it until it is achieved.  Weaker hands sell off even before their investments reach maturity, while some of them are easily enticed by the short-term gains, thereby selling much of their BTC too soon and regretting it later as bitcoin continues to advance and progress in the positive direction. It takes a person with determination to subdue these temptations and at times these temptations temporarily win investors, and they sell part of their portfolio, but the strong ones do not bow to the temporal failure but rise up and continue their accumulation journey with a view to make up for their mistakes and attain their accumulation target. Whoever tells you that remaining committed to your bitcoin investment for a long period of time and across cycles is very easy may have told you a lie.

[rachael9385]

I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.

I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.

But you don't need to have the money to buy 1 bitcoin or half bitcoin before you can invest in bitcoin. No matter your financial level you can invest in bitcoin, if you have it in mind to invest in it. If you keep investing little by little over the years, before long you can have up to half of the bitcoin you couldn't afford at once. That's why it's always advisable to have a long time perspective when investing in bitcoin, so that if you keep accumulating gradually, before the end of your accumulation period, you must have accumulated a reasonable stash of bitcoin. Before you know it, you may have accumulated up to that 1 bitcoin or the half of the bitcoin you couldn't afford to buy at once. So you saying the poor can't afford bitcoin is wrong, anyone can afford bitcoin.

In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.

Bitcoin investment is not as difficult as your narrative on the bolded part, honestly your narratives on that bolded part can pass a negative information and can be misleading especially to newbies coming in to the thread, it is lack of understanding that makes some people think that Bitcoin is for the strong hearted, Bitcoin investment to the best of my knowledge is very much simplify especially with idea of investing from our discretionary income, that is to say, you will first ensure that your basic needs are taken care of and use the left over cash to invest and I don't see it as a big deal, that your are investing in Bitcoin doesn't mean you will not take care of yourself and go for vacation.

Actually, you have a point, and that's why, as a newbie to Bitcoin, you must use a DCA strategy first to invest in Bitcoin, so you can gradually understand more about Bitcoin investment.

As a newbie to the Bitcoin space, you must understand that it's important to have emergency funds because it's very essential as it can help you avoid selling your Bitcoin at a lower rate.

However, if it's possible for you to have double emergency funds (as backup), it's okay that way, as it can also help you invest in Bitcoin in the long run.

However, it's very important to understand bitcoin investment so that you can also invest responsibly with a decent amount that will not affect you before you receive or get another money (during the week or month). A Bitcoin investor also needs to have a long-term perspective on Bitcoin investment. So, in that case, one needs to avoid making improper decisions concerning short-term or market fluctuations.

[Odohu]

In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.

Bitcoin investment is not as difficult as your narrative on the bolded part, honestly your narratives on that bolded part can pass a negative information and can be misleading especially to newbies coming in to the thread, it is lack of understanding that makes some people think that Bitcoin is for the strong hearted, Bitcoin investment to the best of my knowledge is very much simplify especially with idea of investing from our discretionary income, that is to say, you will first ensure that your basic needs are taken care of and use the left over cash to invest and I don't see it as a big deal, that your are investing in Bitcoin doesn't mean you will not take care of yourself and go for vacation.

What I feel Sonia was referring to as strong heart seems to be people with courage and determination, in this case, I agree with her because without that, you cannot succeed in Bitcoin investment. In other words, it takes some level of discipline to be able to follow the various methods of Bitcoin accumulation strategies, be it buying the dip or the DCA method. Anyone telling you that you can casually buy Bitcoin and HODL without planning and developing the appropriate mindset, the person is definitely not being serious. Bitcoin investment is a courageous task that one should make strong decision that is followed with the discipline to stick to that decision.

We are living in a time where there are many ways of wasting money be it in entertainment, funding a habit or chasing a hobby, there are many things that gives momentary gratification that one is constantly tempted to spend money on; it takes strong heart to resist them which is what Sonia might be implying or would have said.

[Mayor of ogba]

I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.

I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.

Bitcoin investment is not only for the rich both parties (rich/poor) can invest in bitcoin their difference lies in their discretionary income the rich will have a higher discretionary income more then the poor and this will make the Rich to accumulate more Bitcoin than then the poor

I agree with you that the difference between the rich and the poor is the level of their discretion fund, but the aspect of saying that "the rich will accumulate more than the poor", is totally wrong. The rich having a more privilege of higher discretion does give them liberty to accumulate more than the poor. There are situation where the rich will have a higher discretion but his investment strategy is whimpy than the poor. Let say a rich person has a discretion amount of $50k and be investing $20 through DCA every week and a poor guy who has $3k in his discretion may be investing $50 per week and may still have a job that will be paying him $1k every month. So both has a big distance of discretion and may equally have a paying job but the investment capacity of both are not thesame in the sense that the poor even have more stake in his investment. So in this case the rich guy has an advantage in discretion but not able to invest in accordance with his fund, so invariably the poor guy will accumulate more than him in the space of time. So the impression I wan to correct is that being a rich guy and having a huge discretion doesn't mean such person must invest more than the poor. Investment in Bitcoin is done in a way we can invest comfortably without being affected and this is done individually and indepently without consedering class of rich and poor.

There is no way a poor bitcoin investor will accumulate more bitcoin more than the rich bitcoin investor the rich folk might decide to invest aggressively in such a way that it won't even affect his personal living or needs, he might also even choose to be using the lump sum strategy to accumulate at times and still continuously using the DCA strategy unless in a case where by the rich guy is just trading and not investing and the poor guy is continually using the DCA strategy and hold for long probably 10 years and more then I will agree with you if not such case I believe am still right about my word you bolded.

Let us understand something about accumulation, its not just about how much you can invest but how much of your income you are willing to allocate towards your investment. A poor person can out perform a rich individual based on the percentage he puts from his income. He might be richer, earning more  and have more financial power but the percentage he allocate from his income might not match the poor person, according to the percentage both puts in.

Example,  a poor person can definitely outperform a rich person based on the percentage of their income they invest. If the poor individual is putting in 30% of their $1,500 monthly income, that's $450 going into bitcoin each month. Meanwhile if the rich person despite earning significantly more, only invests a smaller percentage of their income, say 5% of $500,000, that's just $25,000 a month. Over time the consistent, higher percentage investment from the poor individual can lead to substantial growth, especially if bitcoin appreciates. It really highlights that it’s about the commitment to invest a meaningful portion of your income rather than just the dollar amount.

We have a lot of newbies in this thread who are just starting their bitcoin investment and some who are weighing in to start their bitcoin investment, so we should be very mindful of the things we say in this thread so that we will not possibly mislead newbies into investing in bitcoin wrongly, which might likely get them off the game partially or permanently. How do you think a poor person will possibly invest more money into bitcoin than a rich person who has different and more cash flow daily, weekly, and monthly? If this is how you used to invest in bitcoin, I will advise you to change your investment mindset or pattern because you are likely to get burnt on your bitcoin investment because you are seeing bitcoin investment as a competition, which will make you invest in bitcoin above your discretionary income, and you will end up selling your bitcoin to survive.

[Justbillywitt]

For those who are interested in lump sum investments, it can be difficult to hold Bitcoin for the long term. They may sell Bitcoin for a small profit,

This is not true, it's just something that you are making up on your own. There are investors who accumulated their bitcoin through lump sum and they are successful long term holders. Those that sell their bitcoin for small profits are people with trading mindset and those who trading is in their blood. Holding bitcoin for long is all about your mentality and preferences, not necessarily because of the methods of accumulation that were employed during the accumulation process.

but those who plan for the long term by doing DCA can be a strong holder.

Being a strong holder of bitcoin is not as a result of the the accumulation method you decide to use. There has been instances where people who accumulated through DCA strategy weren't able to hold their bitcoin for long. So don't be deceived thinking that anyone who accumulates bitcoin through DCA can be a strong holder. No that's not usually the case. What makes someone one a strong holder is the conviction that bitcoin will do better in the future more than it is currently. You being able to see a future in bitcoin beyond what other people are seeing. Your ability to understand that bitcoin is expected to do more of an upward trends in the future, because of it's limited supply, and the prospect of more investors adopting it. These are what makes a strong holder and not the accumulation method utilized.

[GIF-JOBS]

...

...

...

You are absolutely right Bitcoin investment is not just for the rich only but rather it is also for the poor but just as the name implies rich and poor, it is obvious that their capacity and capability will never be the same but the fact that the rich has money or has more advantage doesn't mean that the poor can not bit the rich in their investment if the rich doesn't take the right approach and doesn't know how to manage their investment. There are some rich people who doesn't know how to manage their finance and investment which sometimes they appears to be useless and random people but when we talk of poor we are not just taking about the third class only rather we are also talking about the second class which some of them can do even better than some rich people ( first class), investment is all about mindset and ambition and not just how rich one is.

There is no such thing as rich or poor in the case of Bitcoin investment, there is no class distinction in the world of investment, the difference between the rich and the poor in the world of investment is not only determined on the basis of their financial capabilities, but it largely depends on their mentality, ambition, and ability to the right decisions. So when it comes to Bitcoin investment, I can very well say that every person in the world is free to invest in Bitcoin. There is no such thing as rich or poor.

In fact, the success of Bitcoin investment depends on the main objective, thinking, and ability to take risks of an investor. Investors should remember that there is no guaranteed profit from Bitcoin, to profit from Bitcoin, long-term holding is definitely required, but short-term holding can also be profitable, but the possibility of profiting from short-term holding is very low, and the possibility of profiting from short-term holding is very high, but it should be remembered that the both (short-term and long-term) will never get you guarantee profit.

However, overall, whether rich or poor, Bitcoin investment is free for everyone, And even those with limited money,They also will be able to invest regularly in Bitcoin with the right approach and effective planning, and they will also have the opportunity to make much more profit in the future.

[JayJuanGee]

First we are in a bitcoin thread, so take your dumbass shitcoin talking points to some other thread, even if we might assume you are giving good advice to even consider any other coin..

If you had read my second line well, maybe you wouldn't have made such a comment. I just meant that many new investors invest in coins other than Bitcoin. That's why I mentioned first that choosing the right coin for investment is a must. Those who have idea about investment and who have good knowledge about different coins in crypto market will choose bitcoin for their investment and I always suggest bitcoin for investment. Not once in my post did I tell investors to invest in other lite coins in the market. In this discussion of mine I talk about Bitcoin full time and I am an investor myself and I always feel comfortable investing in Bitcoin. Since I have been involved in investing for a long time, I have seen the evolution of Bitcoin and the popularity of Bitcoin. 
Since I know enough about bitcoin why will I talk about other coins other than bitcoin also for investment.

In the full discussion I discuss Bitcoin as well as the benefits of the DCA investment strategy.

I sufficiently read your earlier post prior to responding, and I stand by my earlier comment and assessment. You might need to learn to take ambiguity out of your ways of talking about bitcoin, so that guys do not have to sort through puzzles and try to guess your real intentions..

In the end,  you can do what you like, yet I would think that you would be receiving less backlash if you stop trying to act like you are accounting for the pros and cons of various considerations and the arrival at the conclusion that bitcoin is the best and blah blah blah..

I doubt that there is much if any need to get into those kinds of mentioning of other coins or crypto or arguments about the obvious, especially if you might just show that you are focusing on bitcoin.. but whatever, you do you.. Maybe you will figure out how to present matters better and maybe not? 

I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.

I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.

Bitcoin investment is not only for the rich both parties (rich/poor) can invest in bitcoin their difference lies in their discretionary income the rich will have a higher discretionary income more then the poor and this will make the Rich to accumulate more Bitcoin than then the poor

I agree with you that the difference between the rich and the poor is the level of their discretion fund, but the aspect of saying that "the rich will accumulate more than the poor", is totally wrong. The rich having a more privilege of higher discretion does give them liberty to accumulate more than the poor. There are situation where the rich will have a higher discretion but his investment strategy is whimpy than the poor. Let say a rich person has a discretion amount of $50k and be investing $20 through DCA every week and a poor guy who has $3k in his discretion may be investing $50 per week and may still have a job that will be paying him $1k every month. So both has a big distance of discretion and may equally have a paying job but the investment capacity of both are not thesame in the sense that the poor even have more stake in his investment. So in this case the rich guy has an advantage in discretion but not able to invest in accordance with his fund, so invariably the poor guy will accumulate more than him in the space of time. So the impression I wan to correct is that being a rich guy and having a huge discretion doesn't mean such person must invest more than the poor. Investment in Bitcoin is done in a way we can invest comfortably without being affected and this is done individually and indepently without consedering class of rich and poor.

There is no way a poor bitcoin investor will accumulate more bitcoin more than the rich bitcoin investor the rich folk might decide to invest aggressively in such a way that it won't even affect his personal living or needs, he might also even choose to be using the lump sum strategy to accumulate at times and still continuously using the DCA strategy unless in a case where by the rich guy is just trading and not investing and the poor guy is continually using the DCA strategy and hold for long probably 10 years and more then I will agree with you if not such case I believe am still right about my word you bolded.

Let us understand something about accumulation, its not just about how much you can invest but how much of your income you are willing to allocate towards your investment. A poor person can out perform a rich individual based on the percentage he puts from his income. He might be richer, earning more  and have more financial power but the percentage he allocate from his income might not match the poor person, according to the percentage both puts in.

Example,  a poor person can definitely outperform a rich person based on the percentage of their income they invest. If the poor individual is putting in 30% of their $1,500 monthly income, that's $450 going into bitcoin each month. Meanwhile if the rich person despite earning significantly more, only invests a smaller percentage of their income, say 5% of $500,000, that's just $25,000 a month. Over time the consistent, higher percentage investment from the poor individual can lead to substantial growth, especially if bitcoin appreciates. It really highlights that it’s about the commitment to invest a meaningful portion of your income rather than just the dollar amount.

We have a lot of newbies in this thread who are just starting their bitcoin investment and some who are weighing in to start their bitcoin investment, so we should be very mindful of the things we say in this thread so that we will not possibly mislead newbies into investing in bitcoin wrongly, which might likely get them off the game partially or permanently. How do you think a poor person will possibly invest more money into bitcoin than a rich person who has different and more cash flow daily, weekly, and monthly? If this is how you used to invest in bitcoin, I will advise you to change your investment mindset or pattern because you are likely to get burnt on your bitcoin investment because you are seeing bitcoin investment as a competition, which will make you invest in bitcoin above your discretionary income, and you will end up selling your bitcoin to survive.

Whether we are newbies or not, and whether we are rich or we are poor, it seems that EclipseXcrypto made some decent points, even if he might not have stated his points in any kind of an elegant way.

The point of the matter is that bitcoin seems to be in the midst of facilitating one of the greatest wealth transfers known to man, and surely there are a lot of folks who are failing/refusing to either pay attention to bitcoin or to act to stack sats.

Sure rich folks have a lot of advantages over poor people, and sometimes they have had way more opportunities and education than poor people were able to get, yet there are likely going to be a decent number of poor people who not only figure out bitcoin, but they also act upon their having had figured out bitcoin, and even though they are poor and they have to struggle way more than rich people, they still end up being more on the receiving end of the ongoing wealth transfer that bitcoin seems to be facilitating, and their being on the receiving end happens to come based on their persistence, consistence and their ongoing accumulation of bitcoin, even if they have to struggle a lot to accumulate such bitcoin, and if they also figure out how to accumulate bitcoin without devolving into gambling or spending beyond their means (their discretionary income), then they may well improve their chances of advancing their financial and social status relative to a lot of folks who are way richer than them, yet those other people fail/refuse to either appreciate the values of bitcoin or to act upon goals of accumulating bitcoin within prudent ways (and perhaps even aggressive ways).

[MusaPk]

You are wrong; centralized exchanges don't seize accounts of users who haven't passed their KYC verification. In some centralized exchanges, if you haven't passed your KYC verification, you can only withdraw a certain amount of bitcoin daily, and if you want to withdraw above that amount, that is where you will need to pass your KYC verification to enable you to withdraw any amount of bitcoin you want. While some centralized exchanges require you to pass your KYC verification immediately after you register on their platform before you can withdraw your bitcoin from their centralized exchange. What can lead anyone to lose his bitcoin on a centralized exchange is if the centralized exchange where the person keeps his bitcoin got hacked or when something bad happens at the backend without the person knowledge, such as when a centralized exchange is bankrupt. It's not your key, not your coin.

I just pointed at one aspect which can result in closure (or restriction) of your account at centralised exchange. While Satoshi Nakamoto presented concept of p2p fund transfer without any middlemen which makes you owner of your assets unlike what's going on in banks. There are rules of centralised exchanges, if someone is happy to follow these rules then he may join the centralised exchange. To me it's best that I have  control of my Bitcoin keys rather then somebody else controlling my Bitcoin keys.   

You may also want to keep a back up of your wallet, and you also might want to have instructions for heirs in the event of your death.  These are not easy questions or problems to solve, to the extent that you might either want to make sure you don't lose your seed words due to some kind of natural disaster (fire or something), and that you have some preference to passing your coins to heirs rather than dying with them.

There won't be any attorney that will distribute your bitcoins to your next of kin after your death, one has to do it himself. There are lot of bitcoin lost forever because of owner losing the keys or due to death of owner. This is something one has to take very seriously, if you have Bitcoins then you must inform your next of kin how to use them after your death. Make sure your hard work is not wasted once you leave this world.

[Ever-young]

In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.

This statement you made here makes things look as if bitcoin investment is some kind of Ponzi scheme in which the money you invest in it is under 90/10 chances of getting it back. 
 
To invest in bitcoin does not take the strong-hearted; rather, it takes those who understand what they are investing in to invest in it. If you know what you are investing in, you don't need your heart to be as strong as a rock before you make your investment decision. Those who don't invest do so not because they have a strong heart or a soft one but because they know what they want and are willing to sacrifice a little of their earnings in an asset that's worth it.

[JayJuanGee]

You may also want to keep a back up of your wallet, and you also might want to have instructions for heirs in the event of your death.  These are not easy questions or problems to solve, to the extent that you might either want to make sure you don't lose your seed words due to some kind of natural disaster (fire or something), and that you have some preference to passing your coins to heirs rather than dying with them.

There won't be any attorney that will distribute your bitcoins to your next of kin after your death, one has to do it himself. There are lot of bitcoin lost forever because of owner losing the keys or due to death of owner. This is something one has to take very seriously, if you have Bitcoins then you must inform your next of kin how to use them after your death. Make sure your hard work is not wasted once you leave this world.

Surely some folks have attorneys or other people they trust in their lives with the most intimate of details, and there can be a variety of ways for persons to make sure that they have some kind of a successorship system in place.  Trusted persons might have some or all of the material, and trusted persons might not even know the complete contents of the materials that they hold if there might be a sealed envelope or a safe or maybe there would be instructions to contact another trusted person (named Benny) for further instructions or for other parts of the puzzle.

i am not suggesting that there is any ONE correct way, even though I am suggesting that some people may well not end up adequately putting systems in place or keeping the information up-to-date if there might be some papers with passwords, there might be a failure to update the sheet after some of the passwords end up needing to be changed.

[Agbamoni]

i am not suggesting that there is any ONE correct way, even though I am suggesting that some people may well not end up adequately putting systems in place or keeping the information up-to-date if there might be some papers with passwords, there might be a failure to update the sheet after some of the passwords end up needing to be changed.

You're right. Even well-organized methods can have flaws if little habits that are necessary for timely updates or security are not prioritized. There are always one or more ways that can lead to vulnerabilities, but if personal habits are taken seriously, loopholes will be prevented, and there will be more proactive management.

In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.

You really don't know what is DCA i see. When you are investing using DCA you don't get to bother about the market price so where is the fear of the unknown coming from? When an investor keeps looking at the price of Bitcoin consistently and having this fear of what the price would be next then he is constantly timing the market. And timing the market is wrong.

[ginsan]

Buying bitcoin is easy, but consistency is the best thing to achieve the perfect level throughout the accumulation we do.

I doubt that we will ever completely achieve perfection, so frequently, we have to just try the best that we can and hope that we are setting up systems and regularity in our buying in order to feel a sufficient amount of balance in our various cash balances that we may well maintain as we are trying to invest each week or so.

Sometimes I think about my own journey in light of how long it takes other guys to accumulate bitcoin, and surely my own advantage came from having had invested for around 20 years in various other investments when I came to bitcoin.

In the very beginning in late 2013, I did not completely know my exact BTC accumulation target, but I largely took money from some of my other investments in order to establish a 6-month budget, and the amount of my budget was beyond what I could have bought through my normal cashflows.. I tried to take the money for the 6-month budget from the part of my various aspects of my investment portfolio that I speculated would be the least disruptive but still give me the allowance that I wanted to have for the 6 months, and so it was like I found funds in order that I kind of had a lump sum amount that I was able to allocate the total, and then to divide that total by 26, so I knew pretty exactly how much my weekly budget was going to be for each of those upcoming 26 weeks, and so I tried to strategize within each week about when to buy the bitcoin, yet if I had not spent the whole authorized amount by the end of the week, then I just bought at whatever the BTC price was at that end of the week deadline. 

I continued to study bitcoin through those whole first six months, and so by the time it was getting close to the end of the 6 month period, I was trying to assess where I was at and where I though that I would be, and I still was not completely sure about what to do, yet I thought that my first six months of budgeting had worked out fairly reasonably, and so by the time that I got to late in my 4th month and/or early in my 5th month, I had already authorized another pretty much equal level of budget that I would apply for the subsequent 6 months, and so by the time I finished both of those budgets, I had spent a whole year investing into bitcoin with a weekly budget that was several times higher than what my total salary would have had been, and really I still was not exactly sure about what I was trying to achieve beyond the fact that I had authorized myself for a whole year to buy bitcoin and I had established myself with a budget for doing that, and so when the whole year was coming to a close, I had to reassess where I was at.. and whether I felt that I had invested enough into bitcoin or not.. especially since I had been investing at a rate that was purposefully above my usual income rate of investing.   At the end of 2014, I had largely concluded that I had reached right around 10% of my total quasi-liquid investment portfolio was in bitcoin, an I tentatively conclude that was going to be enough.

Part of my problem, and part of the reason that I ended up reaching overaccumulation was not even "on-purpose," since I did not even intend to overinvest into bitcoin, yet part of my problem was that at the end of 2014, BTC prices had been going down the whole period of my investment and through 2014, so largely by the time we got to the end of 2014, my BTC holdings were right around (perhaps slightly above) 50% in the negative (which were BTC prices around the upper $300s, but my costs per BTC were slightly less than $600 per BTC), and so even though I concluded that I had invested enough into bitcoin, I really could not resist continuing to buy bitcoin, because through out 2015 the BTC price bounced a lot between $200 and $300, yet it was mostly below $250 and probably more in the ballpark of $230 for most of the year, even though we can look back at the charts and see that it moved up and down within the range and even had a false start to $317-ish in July before correcting back down below $230-ish again...   

My cashflow somewhat sucked throughout the total of 2015, and people were telling me to sell some bitcoin, and I even had a business rental arrangement that I requested to defer paying the rent for two months, which was granted to me, and helped me with my cashflow... and surely there were periods that I could not buy bitcoin, even though the best BTC prices were during that time, and I think that what ended up happening is that I had increased my BTC stash by right around 25%-ish through the whole year (depending on how it is calculated in terms of my own determinations), and so in spite of my various assessments that I had feelings of financial struggles in 2015, I was still able to increase my BTC stash, yet when it came to the end of 2015 - maybe getting into September, I started to come to the conclusion that my overaccumulation level was right around 3.5%, since I looked at my various aims of where I wanted to be and then where I had gotten, and I largely concluded that my BTC accumulation target (and attempt at maintenance) should be 10%, so since I had accumulated more BTC throughout 2015 even while on a struggling budget, I concluded that 13.5% was a status of overaccumulation that justified my putting into place ways to sell small amounts of BTC on the way up and to try to employ a system that largely was ONLY selling small portions of the BTC profits, so overall the value of the BTC would continue to go up (and to compound upon itself) way more than any amount that I was selling as a form of downside insurance.

so I think that my main point about my being able to reach a status of overaccumulation of BTC within a relatively short period of time is because I largely front loaded my investment in terms of establishing and getting to my target within about a year, but then spending about another year (even though at an intended reduced rate) of continuing to accumulate bitocin and causing myself to assess my own bitcoin accumultation status to be in an overaccumulation status... and some of my plans were not completely intended but they were worked out based on ongoingly feeling that I was in an overly accumulation status yet at the same time ongoingly selling bitcoin on the way up so that something like 95% of the value continued to compound upon itself, right around 9 times between mid 2015 until present the BTC price doubled and doubled and doubled.. right around 9 times, which largely gets into the ballpark of 256x profits (compounding value).. yet at the same time my preference to call them 94x to 100x profits in terms of going by the use of a more simplified formula of a $1k buy price.

So many times I see guys struggling in their very first cycle, and I really believe that such struggle is not unusual, and there really cannot be any reasonable way to speed up the struggle without putting your whole BTC holdings and your practices into a risky kind of gambling status... so guys likely need to just continue to plug on buyng bitcoin for 1 or 2 cycles or more, and they likely will end up in a decently good position.. since they may well are not able to front load their investments from 20-years worth of other investments like I had at the time that I had gotten to bitcoin. 

Another thing is that I suggest that guys try to get in the ballpark of 5% to 25% into bitcoin whether it is their investment portfolio (to the extent they have other investments) or even just considering that they are investing 5% to 25% of their income into bitcoin (of course they also have to consider the extent to which those numbers are reasonable within their disposable income), and the main reason that I had accepted a 1% to 10% target for my bitcoin investment in 2014-ish (and mine ended up being on the aggressive end with 10%) seems to be that bitcoin's investment thesis was not as strong in 2013, 2014 and 2015 as compared to what it is today...and another things is that I never really cashed out of BTC in any kind of meaningful way, so I largely just continued to let my BTC investment ride, besides what I consider to be relatively small sales on the way up that I have been employing since late 2015.

I think the perfection that you have is certainly none other than continuing to follow up on your investment, because in the explanation where you are in a stressful situation when you have to pay off the business lease agreement and you can also make good decisions at that time.

Have you known or implemented DCA longer before 2013, because from the explanation of course you can increase more btc ownership. Perfection may be quite difficult to do but if there are no mistakes and full of caution of course 90% is included in the perfect category that has been done.

What I want to achieve is perhaps perseverance in achieving gradual accumulation this year, I plan to balance my investment more in bitcoin than gold. I want bitcoin to be number 1 in my life and gold number 2, meaning that my ownership percentage may be above 66% for bitcoin and the rest in gold.

Even so, I have stopped investing in gold and prefer bitcoin which I have been running which is now entering its 3rd year. I imagine a comfort when the price of bitcoin goes up, the reason is because I am more enthusiastic to continue buying.

Frankly, the investment journey is very difficult, sometimes you have to be in a more appropriate position when economic problems come suddenly.

However, with your history that you have described, of course we learn a lot. we have to adjust the budget with wiser adjustments, for emergency fund reserves and also adjustments for living needs to continue the process as usual or not to waste more strongly when the focus for now is only on investment.

[Makus]

In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.

You really don't know what is DCA i see. When you are investing using DCA you don't get to bother about the market price so where is the fear of the unknown coming from? When an investor keeps looking at the price of Bitcoin consistently and having this fear of what the price would be next then he is constantly timing the market. And timing the market is wrong.

Lol, sometimes I wonder where they get this impression  from that with bitcoin and of all strategy the DCA you should be afraid of volatility of the market. Volatility  in the first place is a gift and the reason Bitcoin  keeps soaring higher unlike stable coins  which can be in a fixed price for a long period  of time, and even loss value due to inflation.  Maybe bro thought Bitcoin has thesame feature as some of those shitcoin and scam project or he may probably be thinking about bitcoin in short term investment.  I'll advice you take some time to go back to bitcoin price chart right from genesis block till date and tell me what you see. Its obvious  if you were DCAing from for a year now you'll be amazed  of what you've  accumulated so far and the profits that has also added to your holdings. Well it's a good thing you came to the right place to spill out your understanding so you can be helped. DCA is so far one of the best and reliable strategy used to accumulate bitcoin irrespective of the amount  you want to buy as long as you do it at your own pace and convenience, you could do your DCAing weekly, 2x a month depending on your ability without running out of cash for other important needs. And you may also want to know about securing an emergency fund which could also be separated alongside your DCA but in a fiat form, so you don't get to use your bitcoin accumulate should in case an emergency need arises.

[BitBakerr1]

In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.

This statement you made here makes things look as if bitcoin investment is some kind of Ponzi scheme in which the money you invest in it is under 90/10 chances of getting it back. 
 
To invest in bitcoin does not take the strong-hearted; rather, it takes those who understand what they are investing in to invest in it. If you know what you are investing in, you don't need your heart to be as strong as a rock before you make your investment decision. Those who don't invest do so not because they have a strong heart or a soft one but because they know what they want and are willing to sacrifice a little of their earnings in an asset that's worth it.

Yeah you are right, if you bring out mind and heart to invest in Bitcoin you don't need to have a strong heart Bitcoin investment is for your own good, is an investment for your future, some aged people are suffering financially because they fail to invest.
Your Bitcoin investment is a sacrifice you have to pay today for your better tomorrow.

[Stablexcoin]

One technical side of Bitcoin holding is that patience alone is not enough for you to hold successfully on the longer run, because at the end of the day, a source of income and an emergency funds is even more important than been patience because you might be forced to sell at a loss or even prematurely so as to address a pressing financial needs or an emergency like health issues, though patience is important, but patience alone is not enough to hold successfully, a source of income and an emergency funds are very much key in your ability to hold without tempering with it in the future.

It is necessary to have a steady source of income and set aside emergency funds before starting an investment. These are the foundational key things often called safety nets. Without them, even the most patient of all investors will face challenging situations where they might be temped to tamper their investment prematurely which might often lead to loss.

For an investor to be successful in holding, patience is not entirely what to look out for. It's mostly about having a balanced financial strategy that will safeguard your investment from life's unforeseen and unexpected circumstances. Patience and financial planning have to work hand in hand to be able to hold onto your investment.

In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,

Where do you get this information from? I doubt it's from this thread. Anyway, you seem to be a newbie in Bitcoin investment which is the reason why your perspective or view of Bitcoin is entirely wrong as well as misleading to other newbies who will see it. I won't bite you at that, let me put it this way. When investing using DCA, it doesn't take a strong heart neither does it take a weak heart to be able to. The essence of DCA is to give investors financially comfortability without getting to time the market, budget friendly, emotional ease and so many others.

[I_Anime]

You may also want to keep a back up of your wallet, and you also might want to have instructions for heirs in the event of your death.  These are not easy questions or problems to solve, to the extent that you might either want to make sure you don't lose your seed words due to some kind of natural disaster (fire or something), and that you have some preference to passing your coins to heirs rather than dying with them.

There won't be any attorney that will distribute your bitcoins to your next of kin after your death, one has to do it himself. There are lot of bitcoin lost forever because of owner losing the keys or due to death of owner. This is something one has to take very seriously, if you have Bitcoins then you must inform your next of kin how to use them after your death. Make sure your hard work is not wasted once you leave this world.

Surely some folks have attorneys or other people they trust in their lives with the most intimate of details, and there can be a variety of ways for persons to make sure that they have some kind of a successorship system in place.  Trusted persons might have some or all of the material, and trusted persons might not even know the complete contents of the materials that they hold if there might be a sealed envelope or a safe or maybe there would be instructions to contact another trusted person (named Benny) for further instructions or for other parts of the puzzle.

i am not suggesting that there is any ONE correct way, even though I am suggesting that some people may well not end up adequately putting systems in place or keeping the information up-to-date if there might be some papers with passwords, there might be a failure to update the sheet after some of the passwords end up needing to be changed.

Yeah , there's nothing wrong with having someone you can trust with your keys to avoid any loss of funds due to lost of passwords or death, but in determining who to give you have to take your time first to see whose trust worthy , because endup telling the wrong person,  the asset may endup still better been lost . Because some folks  can run with your asset before any of these tragic events (such as lost of passwords or death) takes place .

But having a good successor will actually help to prevent your asset from been lost in such way , because even though you endup forgetting the password, your successor would be able to help you   access the password whenever you misplaced it.

[GiftedMAN]

I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.

I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.

But you don't need to have the money to buy 1 bitcoin or half bitcoin before you can invest in bitcoin. No matter your financial level you can invest in bitcoin, if you have it in mind to invest in it. If you keep investing little by little over the years, before long you can have up to half of the bitcoin you couldn't afford at once. That's why it's always advisable to have a long time perspective when investing in bitcoin, so that if you keep accumulating gradually, before the end of your accumulation period, you must have accumulated a reasonable stash of bitcoin. Before you know it, you may have accumulated up to that 1 bitcoin or the half of the bitcoin you couldn't afford to buy at once. So you saying the poor can't afford bitcoin is wrong, anyone can afford bitcoin.

In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.

Bitcoin investment is not as difficult as your narrative on the bolded part, honestly your narratives on that bolded part can pass a negative information and can be misleading especially to newbies coming in to the thread, it is lack of understanding that makes some people think that Bitcoin is for the strong hearted, Bitcoin investment to the best of my knowledge is very much simplify especially with idea of investing from our discretionary income, that is to say, you will first ensure that your basic needs are taken care of and use the left over cash to invest and I don't see it as a big deal, that your are investing in Bitcoin doesn't mean you will not take care of yourself and go for vacation.

You can not totally blame him for making such comments about Bitcoin investment I think he's explanation is based on his own understanding not really what we all believe in and this is the reason why it is advised for every one to make a proper research before going into any form of investing so they won't end up being disappointed as a result of wrong investment. Best advice for an early investor is to get a good source of income before thinking of going into Bitcoin investment, have a steady source of income, have a separate calculated amount for your investment, do not exceed your investment amount and do not invest with an amount that will affect your other things around you so that you won't panic at the end of the day.

[suzanne5223]

You have a point but let's be honest and ask ourselves. How many of us have had 8hours of sleep ever since we joined the Bitcoin market space?
Waking up at 4 0 clock in the morning is not only applicable to trades, but it is also applied to everyone in the Bitcoin market who wants to take advantage of the market the early morning time is known as the best time to do so before any manipulation or liquidation will happen in the afternoon.

I also never liked the idea of day trading of Bitcoin, and going for the memecoin, or shitcoin is the worse structure for  traders because they are mostly created by the team involved to earn some quick bucks.

We are talking about bitcoin in this thread so fuck crypto and shitcoins, and fuck trading also.. We are not talking about trading here either..  You did not even use the word bitcoin in your thread, which makes me wonder if you know what bitcoin is, and if you supposedly know what is bitcoin, then why are you talking about crypto? Do you thinking that bitcoin is the same? 

Maybe you think that you sound smarter if you use the word crypto, even though potentially you were talking about bitcoin, but then if you were talking about bitcoin, why didn't you just use the word bitcoin? 

Maybe you should re-write your post with the word bitcoin?  Does it help?  Are you able to clarify what you had intended to say?  Do you know what is bitcoin well enough to actually use the word bitcoin within your  post? 

If we are in a bitcoin thread and we also are not talking about trading, then does that affect what you say?

Alright I was actually following the trend of what the other user pointed out, and it is not that I am trying to sound smart for using the word ^crypto.
I actually want to write Bitcoin in the area you pointed out, but I don't use it to prevent something like this not knowing that excluding it is what will actually lead to what I am preventing from happening.
I have edited the post though.