Buy the DIP, and HODL!

[Barikui1]

Investing in the DCA method is definitely the easiest and most effective strategy, which provides the most benefits compared to other strategies. Maintain a stable investment continuity, and never worry about the price of Bitcoin. By gradually accumulating Bitcoin in small portions, a strong portfolio is created over time, and this is why the continuity of investment is most important. But you must refrain from worrying too much about the volatility of Bitcoin, because if you pay too much attention to it, you can easily get scared due to the volatility, which can lead to you making the wrong decisions. So, just keep buying regularly without looking at the price, then you will definitely have the possibility of achieving something good.

DCA is very smart way to invest in Bitcoin. Main idea of DCA is simple you invest small set amount of money regularly without worrying about price. This way you buy more when price is low and less when it is high which helps to even out your overall cost. This method works so well because it removes emotional part of investing. With always buying at steady pace you avoid making bad choices that come from fear or greed and instead of this you build strong investment over long period.

Their is no better way to explain about the DCA accumulating strategy than the way you just did bro, because you were spot on here, what most folks don't understand is that the constant accumulation and consistency while doing it is the key factors that enrich your portfolio and you especially if you can carry that out for ten years or more.

Finally, we all should take note that the amount used to invest in Bitcoin weekly or monthly must not be the same consistent, sometimes it might go higher, sometimes it might go lower depending on the discretionary income at your disposal then, so in essence of what am saying is that you invest consistently base on the discretionary income you have that moment not anything else.

[Wind_FURY]

Bitcoin might be a mere investment for some of you, an investment that you might sell later. But let me tell you that Bitcoin has larger implications in the world. It's built for something bigger.

In Nepal, during the recent toppling of the previous regime, the protesters started using Bitcoin as a statement saying that the banks can't be trusted, that politicians can't be trusted.

If you truly want to sell, then sell. BUT, my fellow plebs, do HODL some for your own good.

[cxtreenal]

Investing in the DCA method is definitely the easiest and most effective strategy, which provides the most benefits compared to other strategies. Maintain a stable investment continuity, and never worry about the price of Bitcoin. By gradually accumulating Bitcoin in small portions, a strong portfolio is created over time, and this is why the continuity of investment is most important. But you must refrain from worrying too much about the volatility of Bitcoin, because if you pay too much attention to it, you can easily get scared due to the volatility, which can lead to you making the wrong decisions. So, just keep buying regularly without looking at the price, then you will definitely have the possibility of achieving something good.

DCA is very smart way to invest in Bitcoin. Main idea of DCA is simple you invest small set amount of money regularly without worrying about price. This way you buy more when price is low and less when it is high which helps to even out your overall cost. This method works so well because it removes emotional part of investing. With always buying at steady pace you avoid making bad choices that come from fear or greed and instead of this you build strong investment over long period.

I agree with you. DCA strategy is a smart way to deposit Bitcoin. Investors can align Bitcoin with household spending through this method to maintain a buying trend regardless of the price. Investors may be skeptical about a definite breaker to buy due to low or high prices, which may delay them further. Providing systematic security and keeping up with basic needs does not affect personal and financial life. DCA strategy is a smart strategy for people of any income, whether structurally rich or poor. If you do not have a very large source of income then you are eligible for DCA strategy. You should continue to deposit Bitcoin with a long term DCA strategy to reach a strong financial position in the future.

[Cgrexp]

One major thing i took note of about your statement is that everything in life has it's benefits and disadvantages, although the DCA is the best strategy for managing risks in Bitcoin investment but it still has it's own down side which is that someone that's not commited to tasks would find it difficult to invest with it since it's something that should be done consistently according to the period the investor can regenerate their discretionary be it weekly or monthly but in general the DCA is more positive than negative when it comes to Bitcoin investment, one thing i love about the DCA is that it helps an investor to invest consistently regardless of market volatility.

You made some solid good point here. Like I used to say, there isn't any strategy that is bad to invest in Bitcoin. Both buying on dips, DCA and lump sum are  all good strategies, but the choice of strategy must align with your investment goals. If it doesn't align with your goals that is where it becomes a wrong strategy that you use.

There are many people that invested using DCA and they are successful, while others used lump sum and occasionally buying on dips yet they are successful. On a normal day the strategy doesn't really matter but how you utilizes these strategies to your own advantage is what truly matter.

You’re right, I think every strategy is quite different and simple, but you have to choose which approach will suit our investment plans depending on the amount of discretionary income that we can usually have in a weekly or monthly basis, right now I understand there are people who are buying the DCA and are doing very well, and there are people who are also buying through the lump sum and are also doing very spectacular, I think people also try to buy the dip by waiting for the dip which I think from my own experience it’s not a very good strategy of buying bitcoin, but buying the dip when the opportunity presents itself and still keep buying on a regular basis which I think it’s the perfect way.

So all strategy are just magnified but it all depends on our ability to stay consistent.

The biggest strength of the DCA method is you can invest at average prices, reducing risk.. In addition, by investing the same amount of money regularly, we can buy something even when the price is high and buy more when the price is low. Finally, an average price is created which is relatively safe. Investing in the DCA method is safer than investing a large sum at a time and it reduces mental stress. The DCA method is more effective for ordinary people who have limited monthly income and limited risk-taking capacity. Here they can gradually build a significant portfolio by continuing to invest small amounts. And in this way they move forward on the path to financial freedom in the long term.

[imthegreat]

Investing in the DCA method is definitely the easiest and most effective strategy, which provides the most benefits compared to other strategies. Maintain a stable investment continuity, and never worry about the price of Bitcoin. By gradually accumulating Bitcoin in small portions, a strong portfolio is created over time, and this is why the continuity of investment is most important. But you must refrain from worrying too much about the volatility of Bitcoin, because if you pay too much attention to it, you can easily get scared due to the volatility, which can lead to you making the wrong decisions. So, just keep buying regularly without looking at the price, then you will definitely have the possibility of achieving something good.

DCA is very smart way to invest in Bitcoin. Main idea of DCA is simple you invest small set amount of money regularly without worrying about price. This way you buy more when price is low and less when it is high which helps to even out your overall cost. This method works so well because it removes emotional part of investing. With always buying at steady pace you avoid making bad choices that come from fear or greed and instead of this you build strong investment over long period.

And all those who trade without a DCA are prone to constant anxiety, as they try to guess where the current price will bottom and where it will peak. And no one has studied how this anxiety negatively impacts their health. But they can simply forget about it and avoid turning investing into gambling. An investor simply needs to choose the days to invest their spare funds in Bitcoin using a DCA, and they can do other things with absolute peace of mind.
After all, why worry unnecessarily for investor when this well-thought-out strategy can keep calm?

[Popkon6]

Bitcoin might be a mere investment for some of you, an investment that you might sell later. But let me tell you that Bitcoin has larger implications in the world. It's built for something bigger.
In Nepal, during the recent toppling of the previous regime, the protesters started using Bitcoin as a statement saying that the banks can't be trusted, that politicians can't be trusted.
If you truly want to sell, then sell. BUT, my fellow plebs, do HODL some for your own good.

Looking at history and thinking about the future, it is certainly reasonable to keep investing in Bitcoin. Maybe Nepal is ready to sell their Bitcoin but more unique countries are becoming more aggressive in holding Bitcoin. But not only Nepal, you should look at all the countries where Bitcoin is legal, including El Salvador, United Arab Emirates, and you will definitely find proof of its truthfulness, how important Bitcoin is for the future. And not only that, look at all the other treasury companies, including Metaplanet Company and MSTR Company, you will definitely find more truthfulness.
That is why it is better for all people to invest in Bitcoin according to the DCA method, if you invest in Bitcoin according to the DCA method, all investors will be able to invest in Bitcoin according to their ability and can hold it for a long time.

[Jostern]

Bitcoin might be a mere investment for some of you, an investment that you might sell later. But let me tell you that Bitcoin has larger implications in the world. It's built for something bigger.

In Nepal, during the recent toppling of the previous regime, the protesters started using Bitcoin as a statement saying that the banks can't be trusted, that politicians can't be trusted.

If you truly want to sell, then sell. BUT, my fellow plebs, do HODL some for your own good.

You are absolutely right, I think Bitcoin have gone from a mere Bitcoin as most people used to think, that is why it is essential to understand that Bitcoin is now regarded as national treasure in most of the countries in the world right now, I would want a situation were I will be telling or advising someone to sell their bitcoin because that is not a very good move.

Instead I should be asking someone to buy more bitcoin and accumulate more bitcoin, and not just buying and also holding bitcoin for a future purpose, because if we understand the value of having a bitcoin I think everyone would want to hold some bitcoin and stack bitcoin into their portfolio as your fellow plebes as well I have decided a longtime now to be buying and holding bitcoin.

[Tamaperdana]

True, prediction really belongs more to traders than investors. As an investor, the main focus should just be on steady accumulation and patience. Bitcoin is too volatile for anyone to predict its exact moves, and most times people who keep trying end up either panicking or selling too early….
Long term holding has always proven to be the safer and more rewarding strategy. Instead of stressing over short term price action, it is better to just stick to the plan and trust the process..

I think predictions are also necessary when investing in Bitcoin, but they aren't applied to current or short-term price movements. They're about long-term predictions, such as predicting Bitcoin's price across cycles and beyond. Essentially, this is intended to motivate us to continue accumulating Bitcoin. However, I don't think predicting Bitcoin's price in the short term is a good idea. As you said, Bitcoin is highly volatile, and that's true. Therefore, predicting Bitcoin's price in the short term is clearly not a good idea for investors. As for traders, that's up to them, but believe me, it's a bad idea, even for traders. Bitcoin's price movements are truly unpredictable. Therefore, I think it's better to spend time on other things than predicting prices to trade Bitcoin.

Bitcoin price cannot be predicted, of course there’s been so much speculation concerning the upward and downward movements of bitcoin prices and for sure people can only speculate about this upward and downward movement of bitcoin but none can predict exactly what the price of bitcoin is or will be at any given time. You can only speculate but still can’t predict it. The singular fact that bitcoin is a highly volatile asset should be enough reason to tell us that bitcoin price can not be predicted because it  keep changing at almost every seconds, it doesn’t standby one place. As a long term investor or rather Bitcoin investors we can only live with the conviction or believe that the price of bitcoin will continue to go up even if it goes down at some point in time. Anyone trying to predict the price of bitcoin is wasting his or her time and most of these people are traders who came in for a quick profit making mindset and they get so emotional at any price downturn which I will advise to refrain before they get heart attack one day. Is advisable as long term investors to focus more on figuring out just a discretionary income to consistently accumulate bitcoin and hold for the long term goal and build up our portfolio instead of trying to predict market prices.

Yes, I agree with your assumption, but is it true that you're relying solely on faith when investing in Bitcoin without researching the asset's potential? I believe it's those who rely solely on faith who are doing less well when investing in Bitcoin. In investment, we must be able to analyze the assets we're going to buy and hold for the long term, and Bitcoin is no different. After all, Bitcoin is an investment asset, and relying solely on faith won't be enough to hold Bitcoin long-term. Basically, when we talk about psychology, our faith tends to be stronger when we've researched an investment asset. By conducting research or analysis, we'll no longer feel uncertain about the assets we hold. So, predicting Bitcoin prices doesn't necessarily mean becoming a trader, especially as I've already stated that I only predict Bitcoin prices in the long term and do it to motivate myself. So, in essence, we need to be more flexible in responding to other people's assumptions.

[Finebone]

Bitcoin price cannot be predicted, of course there’s been so much speculation concerning the upward and downward movements of bitcoin prices and for sure people can only speculate about this upward and downward movement of bitcoin but none can predict exactly what the price of bitcoin is or will be at any given time. You can only speculate but still can’t predict it. The singular fact that bitcoin is a highly volatile asset should be enough reason to tell us that bitcoin price can not be predicted because it  keep changing at almost every seconds, it doesn’t standby one place. As a long term investor or rather Bitcoin investors we can only live with the conviction or believe that the price of bitcoin will continue to go up even if it goes down at some point in time. Anyone trying to predict the price of bitcoin is wasting his or her time and most of these people are traders who came in for a quick profit making mindset and they get so emotional at any price downturn which I will advise to refrain before they get heart attack one day. Is advisable as long term investors to focus more on figuring out just a discretionary income to consistently accumulate bitcoin and hold for the long term goal and build up our portfolio instead of trying to predict market prices.

Yes, I agree with your assumption, but is it true that you're relying solely on faith when investing in Bitcoin without researching the asset's potential? I believe it's those who rely solely on faith who are doing less well when investing in Bitcoin. In investment, we must be able to analyze the assets we're going to buy and hold for the long term, and Bitcoin is no different. After all, Bitcoin is an investment asset, and relying solely on faith won't be enough to hold Bitcoin long-term. Basically, when we talk about psychology, our faith tends to be stronger when we've researched an investment asset. By conducting research or analysis, we'll no longer feel uncertain about the assets we hold. So, predicting Bitcoin prices doesn't necessarily mean becoming a trader, especially as I've already stated that I only predict Bitcoin prices in the long term and do it to motivate myself. So, in essence, we need to be more flexible in responding to other people's assumptions.

I just feels like having faith alone isn't enough, what I think that may spur or convince investors to invest in bitcoin is it history and it growth potential that still lies ahead, because according to statistics, in the past ten years Bitcoin was the best appreciating asset if you compared it to gold, real estate and the rest, so their is a stronger conviction to invest in bitcoin now than even before, so history and it potential in what lies ahead is what most investors are looking at before investing in bitcoin not just faith.

[liasbaa]

Bitcoin might be a mere investment for some of you, an investment that you might sell later. But let me tell you that Bitcoin has larger implications in the world. It's built for something bigger.

In Nepal, during the recent toppling of the previous regime, the protesters started using Bitcoin as a statement saying that the banks can't be trusted, that politicians can't be trusted.

If you truly want to sell, then sell. BUT, my fellow plebs, do HODL some for your own good.

The government of most countries runs campaigns through the banks located in that country to increase deposits. A huge amount of money taken from the general public is deposited in the central banks and most of that money is not used properly. Due to the effects of inflation and the foreign exchange crisis, the country's economy is going downhill, so the savings of people who had saved money in the banks are at risk and the banks cannot return their saved money when needed. The amount of money saved in the banks which are important financial institutions of the state is gradually declining and people are moving towards alternative accumulation or investments. Bitcoin is one of those alternatives. When the declining fiat currency pushes your savings further down, accumulation Bitcoin to increase it incrementally and for the long term.

[Obulis]

so we would not consider things like age when it comes to buying and accumulating bitcoin,

Age can only be a threat to those Investors that can't make direct purchase, I noticed that some people are not familiar with online purchase. Instead they prefer making thier purchase through bitcoin ATM, and if they don't care to learn, some day they will get to a certain stage were they won't have the strength to be going to the bitcoin ATM as they used to when they have not come to aged. in this case they can just consider it as the end of thier accumulation journey, but those who are familiar with the online purchase will not be affected. However i think the best way is  to start bitcoin accumulation on time so that before we would get to the stage where we will be facing any of this challenges  then we must have reach our investment goal or the stage of overaccumulation.

I believe age here is pointing to health
In my view, age shouldn't in any way affect investment. Things happens (as in surprises/unexpected). To a point as long as someone still has common sense, investment in Bitcoin can continue no matter the age. The issue of using Bitcoin ATM or online purchase is not something that matters so much since they both offer the same result. Come to think of it, what could be the reason why some people are bent on Bitcoin ATM purchase? Could it be because of fear of fraud?
Bending on Bitcoin ATM use is for sure location based, this ATM is not rampant as normal ATMs. So someone who has it located around is tbe one who would be bent on using it, if not the importance of learning how to purchase online already speaks louder.
As for age, surprisingly an elder of say 65 years could still in the next 10 years have what it takes to go to Bitcoin ATM to purchase while a youth of 35 years can not..
Note; aside being located around Bitcoin ATM, incorporation of both purchase means is paramount irrespective of age. Not forgetting the privacy and comfort of the online purchase.
As aged and or unhealthy person, there might be other measures to keep up with investment in Bitcoin. Very hard but it could be possible to have someone who would assist in that regard. Someone who will help in purchasing whether online or using Bitcoin ATM.
Also like you pointed out @ejikeme24 "reaching investment goal" settles the matter.

[Obulis]

True, prediction really belongs more to traders than investors. As an investor, the main focus should just be on steady accumulation and patience. Bitcoin is too volatile for anyone to predict its exact moves, and most times people who keep trying end up either panicking or selling too early….

some people are just venturing into bitcoin investment without the Basic tools, and once you go into bitcoin investment without gathering some informations about how it works you will just be fucking around doing unnecessary things like market monitoring wasting time and later end up achieving nothing.

An investor does not need to know much before investing in Bitcoin. If he has the ability to invest for the long term, especially if he has a prudent income facility, then he can start his investment. Sometimes, spending too much time trying to acquire knowledge can exceed the limits of buying bitcoin. So if someone regularly collects Bitcoins according to his ability by doing DCA and at the same time he acquires knowledge about Bitcoin, then he will not panic. In the future, he will try to collect more Bitcoins. But when an investor tries to learn about Bitcoin without buying it, during that time, if Bitcoin temporarily falls, it can bring a big panic for him. That is why the step of buying Bitcoin should be taken first, after which a better idea about Bitcoin can be obtained.

It is not about knowing so much @Muba20 it is about some basics as @ejikeme24. However, the quality or quantity of knowledge about Bitcoin or someone's stance about Bitcoin is based on their sources of knowledge which in short or even in the long run affects and continues to affect their decision about Bitcoin.
First decision first "trader or investor or both?" these settles out what is needed and defines the direction to be taken.. There  are basic knowledge required of a trader likewise an investor after which learning can continue on the go not waiting to gather what ordinarily can be accumulated along the road.
Someone's DCA approach can be a direct reciprocal of their source of DCA mindset, as even with DCA strategy some investors are still tempted to keep timing the market.

[abaeze]

Bitcoin might be a mere investment for some of you, an investment that you might sell later. But let me tell you that Bitcoin has larger implications in the world. It's built for something bigger.

In Nepal, during the recent toppling of the previous regime, the protesters started using Bitcoin as a statement saying that the banks can't be trusted, that politicians can't be trusted.

If you truly want to sell, then sell. BUT, my fellow plebs, do HODL some for your own good.

You said absolutely right, now this is an open secret that Bitcoin is a symbol of people's financial freedom, freedom from the untrustworthiness of banks and politicians. I believe Bitcoin is not just a “buy low, sell high” type of investment, it is a financial revolution.

When people lose trust in conventional banks or governments, Bitcoin emerges as an alternative revolution. With time, people have started seeing Bitcoin as their own and a way of liberation, which is evidenced by the incident in Nepal. The more people gain knowledge about Bitcoin, the more they will be able to protect themselves from fraud. It is not too late to accept Bitcoin globally as ''One word one currency''.

[Kelward]

Investing in the DCA method is definitely the easiest and most effective strategy, which provides the most benefits compared to other strategies. Maintain a stable investment continuity, and never worry about the price of Bitcoin. By gradually accumulating Bitcoin in small portions, a strong portfolio is created over time, and this is why the continuity of investment is most important. But you must refrain from worrying too much about the volatility of Bitcoin, because if you pay too much attention to it, you can easily get scared due to the volatility, which can lead to you making the wrong decisions. So, just keep buying regularly without looking at the price, then you will definitely have the possibility of achieving something good.

DCA is very smart way to invest in Bitcoin. Main idea of DCA is simple you invest small set amount of money regularly without worrying about price. This way you buy more when price is low and less when it is high which helps to even out your overall cost. This method works so well because it removes emotional part of investing. With always buying at steady pace you avoid making bad choices that come from fear or greed and instead of this you build strong investment over long period.

We can discuss the importance of DCA method every day and never quite exhaust the topic, so we cannot overemphasize the importance. Most people are not super rich and we have numerous expenses that surrounds the income that we earn. If we don't make adequate provision for discretionary funds it'll be very difficult to achieve our long term investment goal and that is where DCA comes in. Inorder to be consistent in buying and hodl for many years you need to structure your income where a percentage from your discretionary funds will be going into buying Bitcoin.

[Ruttoshi]

Bitcoin might be a mere investment for some of you, an investment that you might sell later. But let me tell you that Bitcoin has larger implications in the world. It's built for something bigger.

In Nepal, during the recent toppling of the previous regime, the protesters started using Bitcoin as a statement saying that the banks can't be trusted, that politicians can't be trusted.

If you truly want to sell, then sell. BUT, my fellow plebs, do HODL some for your own good.

You said absolutely right, now this is an open secret that Bitcoin is a symbol of people's financial freedom, freedom from the untrustworthiness of banks and politicians. I believe Bitcoin is not just a “buy low, sell high” type of investment, it is a financial revolution.

When people lose trust in conventional banks or governments, Bitcoin emerges as an alternative revolution. With time, people have started seeing Bitcoin as their own and a way of liberation, which is evidenced by the incident in Nepal. The more people gain knowledge about Bitcoin, the more they will be able to protect themselves from fraud. It is not too late to accept Bitcoin globally as ''One word one currency''.

Bitcoin is already a global currency because you can use it to pay for goods and services from any part of the world without an interim body provided that your business partner accepts to receive bitcoin.

Just like in this forum, bitcoin is used to pay signature campaign participants and they are from different countries in the world. Online casinos also gamble with bitcoin and you can access them from any region that you are provided your region isn't restricted.

However, I will prefer to use bitcoin as a long-term investment because it's a store of value and use fiat for my daily expenses because fiat depreciates in value overtime. Bitcoin gives you the freedom to be your own bank and keeps your funds save from inflation which is the main reason why people should continue buying and stacking more bitcoin in order to save the value of their discretionary income.

[ASloveapg]

Investing in the DCA method is definitely the easiest and most effective strategy, which provides the most benefits compared to other strategies. Maintain a stable investment continuity, and never worry about the price of Bitcoin. By gradually accumulating Bitcoin in small portions, a strong portfolio is created over time, and this is why the continuity of investment is most important. But you must refrain from worrying too much about the volatility of Bitcoin, because if you pay too much attention to it, you can easily get scared due to the volatility, which can lead to you making the wrong decisions. So, just keep buying regularly without looking at the price, then you will definitely have the possibility of achieving something good.

DCA is very smart way to invest in Bitcoin. Main idea of DCA is simple you invest small set amount of money regularly without worrying about price. This way you buy more when price is low and less when it is high which helps to even out your overall cost. This method works so well because it removes emotional part of investing. With always buying at steady pace you avoid making bad choices that come from fear or greed and instead of this you build strong investment over long period.

We can discuss the importance of DCA method every day and never quite exhaust the topic, so we cannot overemphasize the importance. Most people are not super rich and we have numerous expenses that surrounds the income that we earn. If we don't make adequate provision for discretionary funds it'll be very difficult to achieve our long term investment goal and that is where DCA comes in. Inorder to be consistent in buying and hodl for many years you need to structure your income where a percentage from your discretionary funds will be going into buying Bitcoin.

To make an investment in Bitcoin effective, it is necessary to maintain the continuity of the investment, a certain part of the income must be invested in Bitcoin regularly, without any concern for market fluctuations, most ordinary people are not rich, so it is not possible for everyone to invest a lot of money at once, but everyone can invest any amount from their income continuously if they want, which is the amount left over after meeting all their expenses, now there must be a desire to do this. Whatever the income of people, they will be able to meet all their expenses and find an amount that they can run their daily lives without any problems.

The best decision is to decide to invest through discretionary income, because the cost of living will always increase and our wants and needs are endless, so to invest in Bitcoin for the long term, you must have a discretionary income arrangement, no matter the amount, if you invest a small portion of your income in Bitcoin consistently with discipline, it will continue to grow over time.

[sotelorene]

Bitcoin price cannot be predicted, of course there’s been so much speculation concerning the upward and downward movements of bitcoin prices and for sure people can only speculate about this upward and downward movement of bitcoin but none can predict exactly what the price of bitcoin is or will be at any given time. You can only speculate but still can’t predict it. The singular fact that bitcoin is a highly volatile asset should be enough reason to tell us that bitcoin price can not be predicted because it  keep changing at almost every seconds, it doesn’t standby one place. As a long term investor or rather Bitcoin investors we can only live with the conviction or believe that the price of bitcoin will continue to go up even if it goes down at some point in time. Anyone trying to predict the price of bitcoin is wasting his or her time and most of these people are traders who came in for a quick profit making mindset and they get so emotional at any price downturn which I will advise to refrain before they get heart attack one day. Is advisable as long term investors to focus more on figuring out just a discretionary income to consistently accumulate bitcoin and hold for the long term goal and build up our portfolio instead of trying to predict market prices.

Yes, I agree with your assumption, but is it true that you're relying solely on faith when investing in Bitcoin without researching the asset's potential? I believe it's those who rely solely on faith who are doing less well when investing in Bitcoin. In investment, we must be able to analyze the assets we're going to buy and hold for the long term, and Bitcoin is no different. After all, Bitcoin is an investment asset, and relying solely on faith won't be enough to hold Bitcoin long-term. Basically, when we talk about psychology, our faith tends to be stronger when we've researched an investment asset. By conducting research or analysis, we'll no longer feel uncertain about the assets we hold. So, predicting Bitcoin prices doesn't necessarily mean becoming a trader, especially as I've already stated that I only predict Bitcoin prices in the long term and do it to motivate myself. So, in essence, we need to be more flexible in responding to other people's assumptions.

I just feels like having faith alone isn't enough, what I think that may spur or convince investors to invest in bitcoin is it history and it growth potential that still lies ahead, because according to statistics, in the past ten years Bitcoin was the best appreciating asset if you compared it to gold, real estate and the rest, so their is a stronger conviction to invest in bitcoin now than even before, so history and it potential in what lies ahead is what most investors are looking at before investing in bitcoin not just faith.

Yes Bitcoin is the most and fastest rising asset as it stance now and in ten years coming it will still be the fastest and it may surpass the worth and value of Amazon and the some other digital asset because of it potential. Ten years ago, if they told someone that Bitcoin will get to this height someone would not have believe but after seeing all these now I think it will be wise if we take advantage of it so that tomorrow will be a history and story. Even though we can invest in Bitcoin at any given point in time and not time is perfect, I believe investing now would be very nice and strategic.

[Makus]

Bitcoin might be a mere investment for some of you, an investment that you might sell later. But let me tell you that Bitcoin has larger implications in the world. It's built for something bigger.

In Nepal, during the recent toppling of the previous regime, the protesters started using Bitcoin as a statement saying that the banks can't be trusted, that politicians can't be trusted.

If you truly want to sell, then sell. BUT, my fellow plebs, do HODL some for your own good.

You said absolutely right, now this is an open secret that Bitcoin is a symbol of people's financial freedom, freedom from the untrustworthiness of banks and politicians. I believe Bitcoin is not just a “buy low, sell high” type of investment, it is a financial revolution.

When people lose trust in conventional banks or governments, Bitcoin emerges as an alternative revolution. With time, people have started seeing Bitcoin as their own and a way of liberation, which is evidenced by the incident in Nepal. The more people gain knowledge about Bitcoin, the more they will be able to protect themselves from fraud. It is not too late to accept Bitcoin globally as ''One word one currency''.

Bitcoin is already a global currency because you can use it to pay for goods and services from any part of the world without an interim body provided that your business partner accepts to receive bitcoin.

No one should be reminded about this again, because this is one of the most beautiful things about Bitcoin… The fact that you can transfer value across the world without needing a bank, government, or any third party in between is huge..  Traditional systems can delay you, charge you high fees, or even block transactions, but Bitcoin removes all that…

The only limitation right now is adoption, since not everyone is ready or willing to accept Bitcoin as payment…  But with time, as more businesses and individuals open up to it, that global use case will only get stronger. That is what makes Bitcoin stand out as true borderless money…

[Silikiem]

True, prediction really belongs more to traders than investors. As an investor, the main focus should just be on steady accumulation and patience. Bitcoin is too volatile for anyone to predict its exact moves, and most times people who keep trying end up either panicking or selling too early….
Long term holding has always proven to be the safer and more rewarding strategy. Instead of stressing over short term price action, it is better to just stick to the plan and trust the process..

I think predictions are also necessary when investing in Bitcoin, but they aren't applied to current or short-term price movements. They're about long-term predictions, such as predicting Bitcoin's price across cycles and beyond. Essentially, this is intended to motivate us to continue accumulating Bitcoin. However, I don't think predicting Bitcoin's price in the short term is a good idea. As you said, Bitcoin is highly volatile, and that's true. Therefore, predicting Bitcoin's price in the short term is clearly not a good idea for investors. As for traders, that's up to them, but believe me, it's a bad idea, even for traders. Bitcoin's price movements are truly unpredictable. Therefore, I think it's better to spend time on other things than predicting prices to trade Bitcoin.

Bitcoin price cannot be predicted, of course there’s been so much speculation concerning the upward and downward movements of bitcoin prices and for sure people can only speculate about this upward and downward movement of bitcoin but none can predict exactly what the price of bitcoin is or will be at any given time. You can only speculate but still can’t predict it. The singular fact that bitcoin is a highly volatile asset should be enough reason to tell us that bitcoin price can not be predicted because it  keep changing at almost every seconds, it doesn’t standby one place. As a long term investor or rather Bitcoin investors we can only live with the conviction or believe that the price of bitcoin will continue to go up even if it goes down at some point in time. Anyone trying to predict the price of bitcoin is wasting his or her time and most of these people are traders who came in for a quick profit making mindset and they get so emotional at any price downturn which I will advise to refrain before they get heart attack one day. Is advisable as long term investors to focus more on figuring out just a discretionary income to consistently accumulate bitcoin and hold for the long term goal and build up our portfolio instead of trying to predict market prices.

Yes, I agree with your assumption, but is it true that you're relying solely on faith when investing in Bitcoin without researching the asset's potential? I believe it's those who rely solely on faith who are doing less well when investing in Bitcoin. In investment, we must be able to analyze the assets we're going to buy and hold for the long term, and Bitcoin is no different. After all, Bitcoin is an investment asset, and relying solely on faith won't be enough to hold Bitcoin long-term. Basically, when we talk about psychology, our faith tends to be stronger when we've researched an investment asset. By conducting research or analysis, we'll no longer feel uncertain about the assets we hold. So, predicting Bitcoin prices doesn't necessarily mean becoming a trader, especially as I've already stated that I only predict Bitcoin prices in the long term and do it to motivate myself. So, in essence, we need to be more flexible in responding to other people's assumptions.

The truth is, when it comes to real life investments faith alone is not enough even though we all believe that bitcoin have the potential to increase its price even above our expectations. But in order to achieve a significant success in your bitcoin investment, you need to work for it, just like the saying goes “Faith without work is dead.”

You need to put in the right approach towards your bitcoin investment strategy especially if you’re DCAing, you must be consistent in accumulating bitcoin and hold because you don’t expect to buy bitcoin worth $20 today and hold it and expect it to yield higher returns tomorrow, it doesn’t work that way. You must be able to be consistent in adding more bitcoin stash to your portfolio and gradually improve or build up your portfolio for the long term goal.

[Emjay24]

Investing in the DCA method is safer than investing a large sum at a time and it reduces mental stress. The DCA method is more effective for ordinary people who have limited monthly income and limited risk-taking capacity. Here they can gradually build a significant portfolio by continuing to invest small amounts. And in this way they move forward on the path to financial freedom in the long term.

DCA method isn't about safety but about the quantity of discretionary income at your disposal as an investor. If you've a large discretionary income available at the point you want to invest, then you can go ahead and lump sum and it's still financially safe. DCA provides a slow and steady approach to investing into Bitcoin and even when using DCA, if you're over aggressive in DCAing, you would not be too safe as you may not able to sustain it for long.