Buy Buy Buy or Sell Sell Sell?

[HajiBagi]

There are a lot of folks who continue to be skeptical and scared of bitcoin, which will likely be their loss, and there might not be any real easy way to either convince them and/or to get them to take action to protect their own finances, psychology and likely improve their future options.  Even people who we might try to help, they may start out buying bitcoin, but then screw it up and even put themselves into a worse position because they fail to adequately prepare themselves and to learn about bitcoin and/or to moderate their entrance into bitcoin.

You’re absolutely right, there are people who are very ignorant of themselves, and lack that decision making, probably because of some bad experiences that they may have had because of some dealings with shitcoins which have been a very bad experience for them, well it will most likely be their loss, some might have a way to be convinced while some might not be able to convince, I know of a certain guy who we were close when I started investing in bitcoin, he was quite lackadaisical because he has previously invested in some shitcoins because he was looking for a quick profits, not knowing that he was loosing money, he invested in a shitcoin and lost sole like huge amounts of money, so when he hears about cryptocurrency he is always skeptical, so I was actually able to convince him that bitcoin is different from this other shitcoin, he keeps asking about my investments in bitcoin when I started, so he realized that bitcoin is different from all that shitcoin, he is eager to invest when he has a discretionary income and continues accumulating consistently.

I don’t know why some people find it difficult to understand the difference between Bitcoin and Shitcoin or other coins, Bitcoin is far different from any other coins because it is the only investment that can give you peace of mind without no doubt, it’s not that some people don’t understand the difference, some understand but a quick profit will not let them know the truth, there are still people who still doesn’t trust Bitcoin because of their experience wasting their money and effort to buy shitcoin.

It’s very difficult to convince people sometimes when it comes to investing in Bitcoin, especially when you tell them that the investment is a long term investment, they don’t want to hear the long term investment because their goal is to make a profit in a quick profit, as a good investor don’t think of short term profit, always add a good plan to your investment before you start investing.

[Zackz5000]

It happens, I think Bitcoin goes with dollar exchange, and we all know that dollar rate is not stable. Soon one dollar will amount to 2000 in the local market and we all know this might affect Bitcoin market, some persons might be afraid to even buy. But I think the most important thing is to buy the Bitcoin then monitor the market.

No, no, this is a terrible way to go about your Bitcoin investment, because monitoring of the market are for traders that thought they can outsmart the market blindly, which is the real reason you will hear that traders are losing money in the market, but they will never admit to their losses, moreover why putting yourself under tension that will not end well due to short term thinking. Investment in bitcoin is mostly suited for long term, so their is no need in monitoring the market as you said because their is no benefit added to it, plus the tension you will get due to volatility.

It is not only traders who monitor the market and monitoring the market doesn't make you a trader unless such investor is regularly cheeking on the market to see when there is an increase so they can sell out, there are investor who monitor the market to accumulate aggressively or accumulate more Bitcoin when there is a dip and still continue with their DCA strategy so will say you are wrong by saying that monitoring the market is for traders.

The word monitoring in this term simply means checking the market on a daily basis, if I may ask why should an investor monitor bitcoin price other than the fact they want to sell for quick profit. I might be wrong by trying to generalize this act but, majority of investors who look forward to bitcoin price fluctuation wants to either buy and sell. In what ever way an investor chooses they might get distracted in process by mere studying the price meanwhile traders at the other hand are not even knowledgeable to the point where they can get a good return basically trading is unpredictable and no amount of knowledge can guarantee, if an investor wants to check the price then buy and hold for long term that’s totally different from monitoring the market.

It is in your own mind set that monitoring the market are done just to sell out if i may ask you why do business men always go to their business point to see how their business is going in the hands of their sells workers? There is absolutely nothing wrong cheeking on your investment to see how everything is going.
Both investors and traders monitor the market for their own different reasons so if an investor keep putting an eye on his investment doesn't mean he is doing that so he can sell when the market has drop or not some people feel happy when their investing is doing well and add more Bitcoin to their portfolio when there is a dip believing there will be an increase in the future.

[OgNasty]

We are seeing Bitcoin’s price bottom at a level that would have been an all time high 2 months ago. That is bullish.

Bitcoin isn’t ready to top for this cycle yet, but it’s possible it has. I think it is still a market to buy though. The value is getting high to be taking on big new positions, but I don’t see any reason to stop DCA’ing.

[Cossyblack]

You're right; some people still struggle to understand because they want to make quick profit. I saw a post where someone claimed that he doesn't know if he is investing in Bitcoin or not because he doesn't understand how the market works; he has been investing for two years and hasn't noticed any changes, which demonstrates how greedy the person is. Bitcoin doesn't work like that; you have to be patient and the more you invest, the more you may expect a positive outcome. You can't just hold onto it for two, three, or four years and expect a significant profit in return.

what was he expecting after investing in Bitcoin for a short time period of 2years. Anything less than 5 years is a short term plan for me and to start expecting any significant profits from holding Bitcoin for a short time is absolutely wrong. People with this mindset of investing for less than 5 years should be regarded as traders that are only interested in making quick profits by buying bitcoin only to later sell it for cheap profits. Around last year,I gave an advice to a close friend of mine to start investing in Bitcoin and hold for a period of 5-10 years, he accepted but he wasn't too comfortable with the time frame of holding for 5-10 years that's it is too long for him to hold . Because he wanted quick profits,he ignored my advice went ahead and invested hugely into a popular shitcoin called PEPE. After investing into PEPE (another pump and dumb coin),some weeks past and the shitcoin started dumping until he eventually loss 90% of his funds. After receiving this negative result due to his own ignorance,on his own he started investing in Bitcoin for the long term. I think anybody that isn't comfortable on investing in Bitcoin for the long term is free to exit anytime .  I don't have that time to start begging someone to invest in Bitcoin, I will simply allow him to taste the bitter side of investing in a shitcoin maybe Experience will teach him right if he cannot listen to advice to invest in Bitcoin.

[Derekfunds]

You're right; some people still struggle to understand because they want to make quick profit. I saw a post where someone claimed that he doesn't know if he is investing in Bitcoin or not because he doesn't understand how the market works; he has been investing for two years and hasn't noticed any changes, which demonstrates how greedy the person is. Bitcoin doesn't work like that; you have to be patient and the more you invest, the more you may expect a positive outcome. You can't just hold onto it for two, three, or four years and expect a significant profit in return.

Signature campaigns are not permanent but new campaigns keep coming every week. If your current campaign ends then you can switch to other campaigns. The aim is to DCA Bitcoin and signature campaigns are one of the best way of doing that because they pay you every week. it's a good way of investing 50$ or more per week in Bitcoin.

One more thing, if you are DCA Bitcoin then it doesn't matter a small dip from 124k to 113k because the impact of such small dips are ruled out in the long run. To understand that lets say fiver years from now price of Bitcoin is at 500k then it won't matter whether your have bought Bitcoin at 124k or 113k but what matter is how much you have bought at 113k, 150k, 200k, 250k and so on. Just don't pay much attention to small dips and keep accumulating Bitcoin.

We should not even depend on campaign money to be using for our Bitcoin investment because those campaign will surely end and once it ends sometimes if you are not lucky you can stay up to months without been accepted by any campaign manager and what this means is that if you have been depending on campaign money, you will definitely not invest in this period of time so while we are in campaign we should also look for other ways we can be getting income so that should in case the campaign one is end, they will have alternative or back up that will keep there investment running effectively. As an investor with long term mindset or goal you don't really need to look at the trend.

[Alpha Marine]

Even better to stay in bitcoin 4-10 years or longer.

Sure the first couple of years can seem enticing, yet it is going to be difficult to buy bitcoin in the future for the prices that were available in the past two years, whether a guy front loaded or just continued to buy on a regular basis through out the last two years.

Exactly my point. If you can make over 100% profit in 2 years, imagine what will happen when you hold for at least 5 years, even better if you've been accumulating for all those years. That's why I believe the person is lying. I still don't understand how, despite all these years, people still fail to realise that bitcoin is a long-term asset. They've seen how it has grown over the years, yet people still want quick returns from Bitcoin. This is a reason people fall for scams, Ponzi schemes and memecoins.

[avp2306]

Even better to stay in bitcoin 4-10 years or longer.

Sure the first couple of years can seem enticing, yet it is going to be difficult to buy bitcoin in the future for the prices that were available in the past two years, whether a guy front loaded or just continued to buy on a regular basis through out the last two years.

Exactly my point. If you can make over 100% profit in 2 years, imagine what will happen when you hold for at least 5 years, even better if you've been accumulating for all those years. That's why I believe the person is lying. I still don't understand how, despite all these years, people still fail to realise that bitcoin is a long-term asset. They've seen how it has grown over the years, yet people still want quick returns from Bitcoin. This is a reason people fall for scams, Ponzi schemes and memecoins.

So I guess people would get an idea about growth of Bitcoin each year since 2010 https://www.statmuse.com/money/ask/bitcoin-yearly-returns-2009-to-2025-chart

Those stats shows that Bitcoin became more great asset as many years pass by although there's a bear situation happen I guess that time would be a good time to accumulate more Bitcoin if there's situation like that happen.

Looking for quick gains is risky and unsustainable, we see lots of people fall down or got broke because they fall from scams. So better for people to avoid looking such quick rich scheme and better pay more attention on accumulating more Bitcoins.

[Silikiem]

We are seeing Bitcoin’s price bottom at a level that would have been an all time high 2 months ago. That is bullish.

Bitcoin isn’t ready to top for this cycle yet, but it’s possible it has. I think it is still a market to buy though. The value is getting high to be taking on big new positions, but I don’t see any reason to stop DCA’ing.

The DCA method for me is the most subtle method to accumulate bitcoin no matter the price. If an individual decides to lump sum then is basically dependent on his level of income, but for the DCA method it’s not dependent on any category, both the high and low income earners seeking a long term strategy of continuous and consistently accumulation of bitcoin and hodl, are most certainly and likely dependent to go by this method to accumulate and hodl. The DCA allows you the most stability and consistency in the market which for me you don’t depend on the price of bitcoin before you accumulate. I don’t also see any reason stopping DCA.

[Bluedrem]

I don’t know why some people find it difficult to understand the difference between Bitcoin and Shitcoin or other coins, Bitcoin is far different from any other coins because it is the only investment that can give you peace of mind without no doubt, it’s not that some people don’t understand the difference, some understand but a quick profit will not let them know the truth, there are still people who still doesn’t trust Bitcoin because of their experience wasting their money and effort to buy shitcoin.

It’s very difficult to convince people sometimes when it comes to investing in Bitcoin, especially when you tell them that the investment is a long term investment, they don’t want to hear the long term investment because their goal is to make a profit in a quick profit, as a good investor don’t think of short term profit, always add a good plan to your investment before you start investing.

People do not always invest in Bitcoin because of the negative perception of Bitcoin, or some people have different reasons for not investing here.
To gain practical experience on why people do not invest despite knowing about Bitcoin, I conducted a survey with some people and asked some people - there I asked them why they do not want to invest in Bitcoin?
Many people gave many types of answers. After analyzing the answers, I found two types of things.
Some people's answers were exactly that they do not want to save for their next generation, they want to enjoy what they are earning in their life by enjoying it. Their explanation is that since Bitcoin has to be invested in the long term, then they will get profit from it after a certain year, they do not want to take the risk of waiting so long.
And some people think that if all the countries of the world ban Bitcoin, it will become an unusable currency, so they may lose their wealth. That is, they have not yet gained faith in Bitcoin, they refuse to trust it. They think that they will not be able to use it at the moment they need it. Their question is that if they earn money in life and cannot use it at any moment, then what is the point of saving it there?
😃😃 What a strange way of thinking people have!

[Barikui1]

Even better to stay in bitcoin 4-10 years or longer.

Sure the first couple of years can seem enticing, yet it is going to be difficult to buy bitcoin in the future for the prices that were available in the past two years, whether a guy front loaded or just continued to buy on a regular basis through out the last two years.

Exactly my point. If you can make over 100% profit in 2 years, imagine what will happen when you hold for at least 5 years, even better if you've been accumulating for all those years. That's why I believe the person is lying. I still don't understand how, despite all these years, people still fail to realise that bitcoin is a long-term asset. They've seen how it has grown over the years, yet people still want quick returns from Bitcoin. This is a reason people fall for scams, Ponzi schemes and memecoins.

Looking for quick gains is risky and unsustainable, we see lots of people fall down or got broke because they fall from scams. So better for people to avoid looking such quick rich scheme and better pay more attention on accumulating more Bitcoins.

All these are cause by coming into the industry with the wrong knowledge, thinking that the best way to make a fortune is by buying and selling anytime their is a sharp increase in price of Bitcoin, they don't know that by doing so, they are buying and selling for minimal gains like more of those trading their Bitcoin that will not have a big change in their financial status.
Before I can into this forum that's how I approach Bitcoin investment, but with time I learnt that achieving greatness through Bitcoin is by accumulating a huge stash of it and holding for a very long time, because by then, Bitcoin would have rosed to a million dollar or more, so what am trying to say is that, coming into the space with the wrong mindset and the wrong knowledge it's another that keeps investors backwards in their Bitcoin investment.

[Tonimez]

Even better to stay in bitcoin 4-10 years or longer.

Sure the first couple of years can seem enticing, yet it is going to be difficult to buy bitcoin in the future for the prices that were available in the past two years, whether a guy front loaded or just continued to buy on a regular basis through out the last two years.

Exactly my point. If you can make over 100% profit in 2 years, imagine what will happen when you hold for at least 5 years, even better if you've been accumulating for all those years. That's why I believe the person is lying. I still don't understand how, despite all these years, people still fail to realise that bitcoin is a long-term asset. They've seen how it has grown over the years, yet people still want quick returns from Bitcoin. This is a reason people fall for scams, Ponzi schemes and memecoins.

So I guess people would get an idea about growth of Bitcoin each year since 2010 https://www.statmuse.com/money/ask/bitcoin-yearly-returns-2009-to-2025-chart

Those stats shows that Bitcoin became more great asset as many years pass by although there's a bear situation happen I guess that time would be a good time to accumulate more Bitcoin if there's situation like that happen.

You are correct about the continuous rise of bitcoin price over time which is the more reason why it is advised that every investor should develop the habit of holding for a long time. Bear markets too happen as in dips or market corrections due to bitcoin volatility. One is supposed to understand the term known as bitcoin cycles. If you study the bitcoin cycle closely, you will realise that the bear market don't just happen, it is a stage in the bitcoin cycle. There are 4 stages of bitcoin cycle and these happens within an unfixed duration of 4 years or more. Going by the price increase you tried to explain, it doesn't just happen anyhow, it happens more significantly after every 4 years through the stages of Accumulation, Growth, bubble and Crash .

Halving is the prime trigger of this market cycle.

After halving bitcoin market attracts more adapters and then upcoming year would be full of bull run which may end in bubble region.

1st halving in 2012  --> $1200 happened in 2013
2nd halving in 2016 -->  $20k happened in 2017
3rd halving in 2020 -->  $63k happened in 2021
4th halving in 2024 -->  Bubble again will happen 2025

For convenient of understanding this, we may see the cycle from bubble or halving or crash.

This is very apt and easier to understand and it will help us not to lay baseless claims. If you also check through the link you would discover that more significant rise occurs at the 4th year.

Looking for quick gains is risky and unsustainable, we see lots of people fall down or got broke because they fall from scams. So better for people to avoid looking such quick rich scheme and better pay more attention on accumulating more Bitcoins.

Bitcoin is not a get rich quick scheme neither a Ponzi schemes. It is better to stay away from bitcoin trading to avoid ruining all your finances. Bitcoin buys should be consistently and then forget about falling off due to mere market rise which could land you on a loss the next moment.

[SmartCharpa]

I saw a post where someone claimed that he doesn't know if he is investing in Bitcoin or not because he doesn't understand how the market works; he has been investing for two years and hasn't noticed any changes, which demonstrates how greedy the person is.

The person is either lying about his bitcoin investment, or he is expecting returns that only Ponzi schemes and scams can offer. In 2023, which is two years ago, bitcoin price never got up $45k, so if he bought bitcoin at that time till this year, that is over 100% profit in two years because bitcoin got to $123k this year. So even if he doesn't want to invest for the long term, which is the best way, in two years, he should have made a lot of profit. Even people who bought bitcoin around the first quarter of last year have made a 100% profit by now if they didn't touch it.

I agree with you. Perhaps the person was lying about his Bitcoin investment, because many people claim to be holding some amount of Bitcoin, while in reality they are not holding any at all. How could someone be investing in Bitcoin for two years and not notice any changes in their investment? Maybe they actually invested in the wrong asset that dropped badly, yet claimed it was Bitcoin and pretended not to notice any changes.

Those who invested in Bitcoin two years ago have already made a huge profit by now. It’s almost 3x of what they invested two years ago, because the price was around $125k this year. As you said, it depends on how they hold it, since some people might have sold when the price was around $70k last year.

[Futurexxx]

I agree with you. Perhaps the person was lying about his Bitcoin investment, because many people claim to be holding some amount of Bitcoin, while in reality they are not holding any at all. How could someone be investing in Bitcoin for two years and not notice any changes in their investment? Maybe they actually invested in the wrong asset that dropped badly, yet claimed it was Bitcoin and pretended not to notice any changes.

Those who invested in Bitcoin two years ago have already made a huge profit by now. It’s almost 3x of what they invested two years ago, because the price was around $125k this year. As you said, it depends on how they hold it, since some people might have sold when the price was around $70k last year.

You have practically said it all buddy, no body that bought Bitcoin or accumulated it two years ago that will not be in a profit already, because it's only ignorance that will make an investor invest in shit coin and sees it as investment in Bitcoin, and these are one of the reasons you will see someone saying that Bitcoin is a scam because they have been manipulated in the past due to their ignorance that they should provide a certain amount of money to invest in Bitcoin, while in real sense it's a fraud, after they realize that their money is gone, they will start thinking that Bitcoin is a scam due to the fact that the name of  Bitcoin was what the scammers uses to scam them of their hard earned money, so ignorance is what I sense in this guy's case nothing else.

[G_Besar]

~~~

The DCA method for me is the most subtle method to accumulate bitcoin no matter the price. If an individual decides to lump sum then is basically dependent on his level of income, but for the DCA method it’s not dependent on any category, both the high and low income earners seeking a long term strategy of continuous and consistently accumulation of bitcoin and hodl, are most certainly and likely dependent to go by this method to accumulate and hodl. The DCA allows you the most stability and consistency in the market which for me you don’t depend on the price of bitcoin before you accumulate. I don’t also see any reason stopping DCA.

As long as the method remains comfortable for you, it's fine to continue using it, especially if it's to continue accumulating Bitcoin until you have more Bitcoin in your personal wallet. I'm also quite comfortable with this method because it's not too difficult to maintain as long as I have a regular income that can be used to buy Bitcoin. This is especially true now that anyone still accumulating Bitcoin can earn a little more due to the price correction in the past two days. So you can continue to use this method if it doesn't make things difficult for you in any way because the most important thing is to feel comfortable when doing something without having to sacrifice anything else.

[HustleZ]

And some people think that if all the countries of the world ban Bitcoin, it will become an unusable currency, so they may lose their wealth. That is, they have not yet gained faith in Bitcoin, they refuse to trust it. They think that they will not be able to use it at the moment they need it. Their question is that if they earn money in life and cannot use it at any moment, then what is the point of saving it there?
😃😃 What a strange way of thinking people have!

Hi bluedrem. I really appreciate you for trying to find the reason of people not choosing bitcoin so we know why they dont invest and what we have to prove to them in order to convince them.
Reason No.1 is i say Quite Selfish as we need to save as much as we can for our can for our coming generations so  that after we are not here atleast we are remembered by our generations to come and that we should not get sweared by our own children because I've seen many people who wish their father or grandfather had left something for them so they wouldn't be where they are Now.
The Reason No.2 is I might say Quite foolish because it's not possible that bitcoin gets banned by every country because Many powerful countries like The US are investing in Bitcoin aggressively and adding it to their Strategic reserves and I believe every country will try their best to get a hold of bitcoin as they Know its the future. So This shouldn't be a reason people don't invest in Bitcoin. I think they need to educate themselves more about the significance of Bitcoin and where it stands right now. Because it is the most practical and fastest growing asset out there.

[Mr_Brilliant$]

There are a lot of folks who continue to be skeptical and scared of bitcoin, which will likely be their loss, and there might not be any real easy way to either convince them and/or to get them to take action to protect their own finances, psychology and likely improve their future options.  Even people who we might try to help, they may start out buying bitcoin, but then screw it up and even put themselves into a worse position because they fail to adequately prepare themselves and to learn about bitcoin and/or to moderate their entrance into bitcoin.

Exactly, as it is very difficult to convince skeptics with regards to Bitcoin. And from what I've learned, Bitcoin doesn't just want us to be technically inclined, as there are words like Blockchain, Bitcoin address, confirmation time, blocks and other technical jargon that might really scared a lot of investors. So Bitcoin doesn't just ask us to learn it's technology, but it teaches us to globally shift our mindset. And so it requires overcoming what has been the norm or status quo for many years. Human by nature resists change, so everyone has been teach to remain in the status quo, even if the current fiat system is flawed. And then the mindset conditioning, we are bias and conditioned to trust  central authorities, central banks and government. And with Bitcoin's decentralization model, it feels risky for the majority. So perhaps the best approach is to stop trying to convince them, but start trying to inform. Our goal should not to get them to buy, but to understand. So by that shift, maybe just maybe we can protect the people we are trying to help from themselves. And with that, patience and wisdom is the key here and that is the only way we can move forward. Just be calm when we are trying to help others, and again, maybe that will be good enough for those who are going to invest in a safe manner.

I don't think it will be necessary trying to convince anyone to invest in bitcoin because I believe bitcoin has passed this stage, especially those that are sceptical about bitcoin . Bitcoin has proven to be among the best assets, if not one of the most sought assets. Therefore I believe it is only the blind that needs someone to convince them before they will see the potentials of bitcoin and decide to start buying. Who ever that is still skeptical about the potentials of bitcoin at this stage that bitcoin has gotten to doesn't need any form of convincing, they will continue as a no coiner and before they will realise there mistake of not buying bitcoin, it would have been late.

Why would someone even with what he or she is seeing going on with Bitcoin atm still be looking for someone to convince him or her, then you are just been extremely funny, because the proof is already in front of us…. Bitcoin track record atm speaks way louder than any words..  At the same time, I also think some people are not really blind, they are just stuck in a comfort zone where the old financial system feels safer since it is all they have known… For them, it is not that they do not see Bitcoin, it is more like they refuse to step out of that box.. And sometimes, those kinds of people only learn the hard way when inflation or restrictions hit them directly…

But here is the funny thing, Bitcoin does not actually need everyone to believe in it.. it will keep running whether people join in or not. That is the beauty of it, it rewards early believers while still keeping the door open for latecomers, So in the end, I would say there is no point convincing anyone when there is proof..

Although many individuals are still afraid of Bitcoin because they don't understand how it works, their fear has stopped them from investing, which may be their loss because they missed the opportunity to build their wealth for the future. Even some people who choose to buy Bitcoin make mistakes, maybe they rush in without having what it takes or because they expect quick returns. Some people put themselves in a worse situation while investing, not because Bitcoin failed them, but because they failed to plan properly.

You're right; some people still struggle to understand because they want to make quick profit. I saw a post where someone claimed that he doesn't know if he is investing in Bitcoin or not because he doesn't understand how the market works; he has been investing for two years and hasn't noticed any changes, which demonstrates how greedy the person is. Bitcoin doesn't work like that; you have to be patient and the more you invest, the more you may expect a positive outcome. You can't just hold onto it for two, three, or four years and expect a significant profit in return.

My understanding is that such person might have been buying Bitcoin in bear market, a very great time to buy aggressively though, but because he was looking at seeing his investment in profits almost immediately, he felt bad that his investment did not do well. This is the reason we should not just invest and expect to see reasonable profits within a year or two, Bitcoin needs time like five to ten years to see some significant profits.

Those kind of people are just being funny and a bit ignorant.. Anyone who jumps into Bitcoin thinking it is a get rich quick thing clearly has not taken the time to study what they are investing in.. If they had even scratched the surface and learn a little about Bitcoin or even Bitcoin history, they would know patience is literally part of the game. You do not plant a seed today and expect to eat fruits tomorrow, and that is exactly the mindset most of these impatient buyers have…

The truth is, Bitcoin hardly rewarded short term investors or traders, it has always rewarded long term conviction way more.. People who rush in without a little understanding or don’t bother to understand after investment, are usually the same ones that end up selling at a loss and then blaming the Bitcoin... Instead of getting frustrated, they should have educated themselves first, because once you truly understand Bitcoin, you stop worrying about quick flips and all…

[Loyang]

We are seeing Bitcoin’s price bottom at a level that would have been an all time high 2 months ago. That is bullish.

Bitcoin isn’t ready to top for this cycle yet, but it’s possible it has. I think it is still a market to buy though. The value is getting high to be taking on big new positions, but I don’t see any reason to stop DCA’ing.

Yes sir you are right. No one can ever determine the price of Bitcoin. No one has the power to determine the price of Bitcoin. It is never possible for a person or any person to say when the price of Bitcoin will increase or decrease. Today the price of Bitcoin has decreased a lot, maybe tomorrow it can create a new ATH. We should continue to buy continuously until the goal of building our portfolio is met. I think Bitcoin is still in its initial stage. In the future, the price of Bitcoin may skyrocket.

It is never right for a person to look at the price of Bitcoin. A person always needs to focus on building his portfolio, no matter what the price of Bitcoin is, he should continue to buy continuously.

[Qhunman]

~~~

The DCA method for me is the most subtle method to accumulate bitcoin no matter the price. If an individual decides to lump sum then is basically dependent on his level of income, but for the DCA method it’s not dependent on any category, both the high and low income earners seeking a long term strategy of continuous and consistently accumulation of bitcoin and hodl, are most certainly and likely dependent to go by this method to accumulate and hodl. The DCA allows you the most stability and consistency in the market which for me you don’t depend on the price of bitcoin before you accumulate. I don’t also see any reason stopping DCA.

As long as the method remains comfortable for you, it's fine to continue using it, especially if it's to continue accumulating Bitcoin until you have more Bitcoin in your personal wallet. I'm also quite comfortable with this method because it's not too difficult to maintain as long as I have a regular income that can be used to buy Bitcoin. This is especially true now that anyone still accumulating Bitcoin can earn a little more due to the price correction in the past two days. So you can continue to use this method if it doesn't make things difficult for you in any way because the most important thing is to feel comfortable when doing something without having to sacrifice anything else.

You're right sir, DCA strategy is the most convenient strategy used in accumulating bitcoin for the long term. When applying DCA you don't have to wait until you have a specific amount of cash before you can start buying bitcoin rather you can buy bitcoin for as low as 10$ weekly or monthly from your discretional income. This strategy can equally be used by both low coiner and No coiner in accumulating bitcoin respectively. Bitcoin investment has become a lot easier to invest and buy for the long term through DCAing so far an investor has a regular flow of income to be buying consistently.

[Lidger]

There are a lot of folks who continue to be skeptical and scared of bitcoin, which will likely be their loss, and there might not be any real easy way to either convince them and/or to get them to take action to protect their own finances, psychology and likely improve their future options.  Even people who we might try to help, they may start out buying bitcoin, but then screw it up and even put themselves into a worse position because they fail to adequately prepare themselves and to learn about bitcoin and/or to moderate their entrance into bitcoin.

Exactly, as it is very difficult to convince skeptics with regards to Bitcoin. And from what I've learned, Bitcoin doesn't just want us to be technically inclined, as there are words like Blockchain, Bitcoin address, confirmation time, blocks and other technical jargon that might really scared a lot of investors. So Bitcoin doesn't just ask us to learn it's technology, but it teaches us to globally shift our mindset. And so it requires overcoming what has been the norm or status quo for many years. Human by nature resists change, so everyone has been teach to remain in the status quo, even if the current fiat system is flawed. And then the mindset conditioning, we are bias and conditioned to trust  central authorities, central banks and government. And with Bitcoin's decentralization model, it feels risky for the majority. So perhaps the best approach is to stop trying to convince them, but start trying to inform. Our goal should not to get them to buy, but to understand. So by that shift, maybe just maybe we can protect the people we are trying to help from themselves. And with that, patience and wisdom is the key here and that is the only way we can move forward. Just be calm when we are trying to help others, and again, maybe that will be good enough for those who are going to invest in a safe manner.

I don't think it will be necessary trying to convince anyone to invest in bitcoin because I believe bitcoin has passed this stage, especially those that are sceptical about bitcoin . Bitcoin has proven to be among the best assets, if not one of the most sought assets. Therefore I believe it is only the blind that needs someone to convince them before they will see the potentials of bitcoin and decide to start buying. Who ever that is still skeptical about the potentials of bitcoin at this stage that bitcoin has gotten to doesn't need any form of convincing, they will continue as a no coiner and before they will realise there mistake of not buying bitcoin, it would have been late.

But if someone wants to know about Bitcoin investment from me, then I think he should be given an idea about Bitcoin investment. I have learned about investment on my own and I know that it is very difficult to know about any subject on my own, so if someone can learn about any subject through me or benefit from it, then it is a great achievement for me. I do not want to discuss Bitcoin investment with those people who do not give much importance to my discussion or with whom discussing Bitcoin is nothing but a waste of time. Because I am talking about it, I will tell those who are interested about it, but when I go to talk about Bitcoin investment to those who are not interested, they will say that maybe I have some benefit here, so I am telling them about it. And Bitcoin is currently the most popular digital currency in the world, even if people do not have an idea about investment, they have an idea about Bitcoin, so there is nothing to tell other people separately when it comes to Bitcoin.

[Kelward]

We are seeing Bitcoin’s price bottom at a level that would have been an all time high 2 months ago. That is bullish.

Bitcoin isn’t ready to top for this cycle yet, but it’s possible it has. I think it is still a market to buy though. The value is getting high to be taking on big new positions, but I don’t see any reason to stop DCA’ing.

The DCA method for me is the most subtle method to accumulate bitcoin no matter the price. If an individual decides to lump sum then is basically dependent on his level of income, but for the DCA method it’s not dependent on any category, both the high and low income earners seeking a long term strategy of continuous and consistently accumulation of bitcoin and hodl, are most certainly and likely dependent to go by this method to accumulate and hodl. The DCA allows you the most stability and consistency in the market which for me you don’t depend on the price of bitcoin before you accumulate. I don’t also see any reason stopping DCA.

This should be a lesson for investors that are waiting for the perfect time to buy Bitcoin, they should know that it's a volatile asset. If you're on it for the long term it is better not to worry about the current price before you buy, your focus should be that on the long term we will always see ATH. This is why I never get tired of talking about DCA method of accumulation, it helps you to be focused and consistent in continuously buying despite the dumps and pumps along the journey.

Today's ATH will surely be dip sometime in the future and this is the more reason why you should buy periodically from your discretionary funds or when you get your lump sum.