Antonil
Member
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Activity: 155
Merit: 61
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September 17, 2024, 05:14:05 PM |
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I think that gradually everyone will become more aware of this and they will become more interested in trading or investing in Bitcoin.
You will lose the realization you gain from trading if you are not good about trading. Gaining knowledge will keep you connected to your risky self, I think. Because the trade is very risky, it becomes difficult for a person to control the temptation and excessive emotions in the trade. An individual trader and investor is almost a member. For example, if sand and silt are placed in the same container, the sand will absorb the water.Alternative investing is like water and trading is like sand. A person will absorb two target trade investments and end up exhausted where your losses will be more. So go long the investment in DCA method not trade. Your description is confusing since silt absorbs water more than sand.. so I would think that you would want to say that investing is like silt absorbing the water and trading is like water going through sand.. Maybe you can restate what you mean. You will lose more than you gain from trading if you don't have good knowledge about trading. I think you will be associated with risky work even as a result of gaining knowledge. Because trading is very risky and temptations in trading are high, it becomes difficult for a person to control emotions. It is almost impossible for one person to be both trader and investor. For example, if sand and water are kept in the same container, the sand will absorb the water investing is like water and trading is like sand. If a person enters in two at a time, the trade will absorb the investment and the investment will be exhausted where you are more likely to lose. Sorry for the mistake.
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Ruttoshi
Sr. Member
Offline
Activity: 546
Merit: 447
Baba God Noni
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September 17, 2024, 05:15:44 PM |
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Bitcoin is currently valued at a little over $57,000. A few months ago we observed that Bitcoin was at $65,000. However, Bitcoin's stability is much stronger today than it has been in the past few years. The time ahead is expected to see Bitcoin's new ATH take place and Bitcoin will reach the peak of the bull market and we can expect Bitcoin to reach $100k by 2025. Because we can see that nowadays the popularity of crypto currency is increasing day by day and people are getting into it. I think that gradually everyone will become more aware of this and they will become more interested in trading or investing in Bitcoin.
The price of bitcoin will definitely increase but as it increases you can participate in bitcoin investment. Because if you don't participate in Bitcoin investment, you will not get any benefit if the price of Bitcoin goes up or down. So since you are new then surely you can participate in bitcoin investment and use DCA method in it. If you hold Bitcoin for a long time with DCA method you will be ready to get more benefits, only DCA method is quite useful for both new investors and old investors. Low risk and high profit is possible only through Bitcoin investment, so you should follow DCA method in Bitcoin to keep you investing in Bitcoin and keep it for long time. DCA method in accumulating bitcoin is very good for new investors who just started their bitcoin investment journey because it will make them to be able to buy bitcoin continuously every week or month and increase their bitcoin stash little by little for a very long period of time to enable that have a good size of bitcoin in their possession. However, it is good for an investor to be able to tweak into various accumulation methods from time to time based on the condition of the market at that time. A new investor who DCA is ongoing and have extra cash he is not expecting and can do without can lump sum with the money immediately to increase his bitcoin size faster. Also if that investor have made his reserve funds available, he can buy bitcoin with it when the price of bitcoin dips. The most important thing is that you are accumulating and increasing your bitcoin portfolio overtime and not being stagnant because you are using a method that will not make your investment grow faster.
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Sim_card
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September 17, 2024, 05:45:29 PM |
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I think that gradually everyone will become more aware of this and they will become more interested in trading or investing in Bitcoin.
You will lose the realization you gain from trading if you are not good about trading. Gaining knowledge will keep you connected to your risky self, I think. Because the trade is very risky, it becomes difficult for a person to control the temptation and excessive emotions in the trade. An individual trader and investor is almost a member. For example, if sand and silt are placed in the same container, the sand will absorb the water.Alternative investing is like water and trading is like sand. A person will absorb two target trade investments and end up exhausted where your losses will be more. So go long the investment in DCA method not trade. Your description is confusing since silt absorbs water more than sand.. so I would think that you would want to say that investing is like silt absorbing the water and trading is like water going through sand.. Maybe you can restate what you mean. You will lose more than you gain from trading if you don't have good knowledge about trading. I think you will be associated with risky work even as a result of gaining knowledge. Because trading is very risky and temptations in trading are high, it becomes difficult for a person to control emotions. It is almost impossible for one person to be both trader and investor. For example, if sand and water are kept in the same container, the sand will absorb the water investing is like water and trading is like sand. If a person enters in two at a time, the trade will absorb the investment and the investment will be exhausted where you are more likely to lose. Sorry for the mistake. Of course no one can serve two masters at the same time, it is either he will dedicate his time to one than the other. Anyone who wants to do trading and investing in bitcoin at the same time is like a gambler because there's high possibility that he will deep his hands into his bitcoin investment when he has lost all his trading funds because he will have false believe that he will make profit to recover his loss and might end up losing all his bitcoin investment. It is not ideal to think that you can use trading to increase your bitcoin rather it will be the opposite because you will end up losing if you sell and the price pumps above your selling point and it remains like that for long. You might use the funds for something else and will be discouraged to buy back. Investing and building up your investment overtime should be your priority and not selling as a new investor.
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Jewan420
Full Member
Offline
Activity: 294
Merit: 147
Patience and hard work are the keys to success.
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September 17, 2024, 06:00:37 PM |
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Do not underestimate the lump sum strategy and the buying the dip strategy by saying that the DCA strategy is the only useful method of accumulating Bitcoin for both new and old investor, you are simply saying that other methods of accumulating Bitcoin is useless that is wrong mate all the method of accumulating Bitcoin is useful in one way or another investor chooses to make use of the method that works for him.
The reason why the DCA strategy of accumulating Bitcoin is mainly use by investor is to help them accumulate more Bitcoin little by little regarding of the price weekly or monthly and hold and that doesn't make other methods of accumulating Bitcoin useless because they are also working for other investors.
I don't see any reason to say investing in other methods outside DCA method is useless. Maybe DCA is more popular and convenient than other investment methods, so other methods should not be called useless. Because not all tastes are the same, if you have an alternative method and you are happy and profitable investing in that method, you can use your alternative method. If you think you will get more benefit from DCA than your alternative method then you can adopt DCA method. Or you can buy dips if you feel satisfied. Which method you take is up to you. But our advice is not to use any methods that make you think negatively about Bitcoin. Remember, no matter what method you invest in, all investments have one thing in common, to be successful in investing you must be long-term. If you want to invest in a simple and convenient method, you can use the DCA method. DCA method is the most simple and reliable among the investment methods. If you can keep DCA for a long time, then you have no chance of loss. That is why the DCA method is a popular method for most people. Other methods have some complications, which are not beneficial for everyone. That is, the DCA method is just as profitable as other methods if you can use it properly. But you have to be long-term. There is no reason to call other methods useless.
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JayJuanGee
Legendary
Offline
Activity: 3934
Merit: 11362
Self-Custody is a right. Say no to"Non-custodial"
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September 17, 2024, 07:30:04 PM |
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[edited out]
Remember, no matter what method you invest in, all investments have one thing in common, to be successful in investing you must be long-term. I think that I see what you are saying about investing into bitcoin is better to be taken as a long term investment and not to be rattled in regards to short-term price movements, yet merely because an investment is long-term does not mean that it is going to be guaranteed to be successful. Surely having a long-term conviction about an investment may well show that you have confidence in the long term potential (and likelihood of success) of the investment.. At the same time, you might not be correct in your assessment, and surely, for example, if you long-term invest into a shitcoin, you have pretty decent odds of not doing well with such an investment, and for sure, many of us bitcoiners consider bitcoin to have an ongoingly good and strong long term investment thesis, yet if we are not sure why we believe in such thesis, or if there might be something about the strength of the long term investment thesis that weakens, the we may well need to reassess if we might need to reallocate our holdings or change our position size such as reducing it or completely selling it. Personally I consider bitcoin to be a long-term accumulation and holding asset..and surely at the same time something that a person could sustainably withdraw over 30 years or more (in a kind of retirement status of a sustainable cashflow), yet if I found out that I only had 1-year to live, then maybe I would decide to completely cash out of whatever BTC holdings that I have, so that would have to do with my situation rather than my thoughts about the long-term strength (or weakness) of bitcoin's investment thesis. Yet, if we get back to our conviction about the strength of our long term investment thesis, we surely need to have conviction in our long term investment thesis, yet still suggesting that our investment will be successful, merely because it is long becomes confusing.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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dunfida
Legendary
Offline
Activity: 3304
Merit: 1163
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September 17, 2024, 08:08:04 PM |
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Do not underestimate the lump sum strategy and the buying the dip strategy by saying that the DCA strategy is the only useful method of accumulating Bitcoin for both new and old investor, you are simply saying that other methods of accumulating Bitcoin is useless that is wrong mate all the method of accumulating Bitcoin is useful in one way or another investor chooses to make use of the method that works for him.
The reason why the DCA strategy of accumulating Bitcoin is mainly use by investor is to help them accumulate more Bitcoin little by little regarding of the price weekly or monthly and hold and that doesn't make other methods of accumulating Bitcoin useless because they are also working for other investors.
I don't see any reason to say investing in other methods outside DCA method is useless. Maybe DCA is more popular and convenient than other investment methods, so other methods should not be called useless. Because not all tastes are the same, if you have an alternative method and you are happy and profitable investing in that method, you can use your alternative method. If you think you will get more benefit from DCA than your alternative method then you can adopt DCA method. Or you can buy dips if you feel satisfied. Which method you take is up to you. But our advice is not to use any methods that make you think negatively about Bitcoin. Remember, no matter what method you invest in, all investments have one thing in common, to be successful in investing you must be long-term. If you want to invest in a simple and convenient method, you can use the DCA method. DCA method is the most simple and reliable among the investment methods. If you can keep DCA for a long time, then you have no chance of loss. That is why the DCA method is a popular method for most people. Other methods have some complications, which are not beneficial for everyone. That is, the DCA method is just as profitable as other methods if you can use it properly. But you have to be long-term. There is no reason to call other methods useless. The ones who do call it useless are the ones who dont even know on what it is. Sooner or later they would really be able to find out on whats the meaning of this abbreviation and would really be laughing into themselves that they should have known it earlier.lol. Going back into that $100k price point on which one is really that inevitable or something that cant be stopped. Although there would really be no assurance that we would be able to see these numbers but assuming on what are the things that happened in the past will might likely happen in the future. We've seen that community support and recognition is still solid, specially now that institutions are already getting involved then its impossible to think and believe that they wont really be trying out to take some advantage.
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Ambatman
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September 17, 2024, 09:00:11 PM |
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Do not underestimate the lump sum strategy and the buying the dip strategy by saying that the DCA strategy is the only useful method of accumulating Bitcoin for both new and old investor, you are simply saying that other methods of accumulating Bitcoin is useless that is wrong mate all the method of accumulating Bitcoin is useful in one way or another investor chooses to make use of the method that works for him.
Yes they all have their benefits but we shouldn't neglect their deficit Lump sum is quite risky not quite is very risky because is like you going all in. This could make the holder very emotional during dips. Now the buying the dip? Though you get it cheaper, you have to wait for the dip and imagine it never came to your target. If you so focused on Just the dip, you would be in selling the top. DCA is less risky and could be considered one of the best in terms of gradual accumulation. Personally mine ain't fully DCA. Buy some not a specific amount during month end and do so when I get some money I can spare. Though not fully DCA , is quite similar.
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Promocodeudo
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September 18, 2024, 09:17:53 AM |
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Bitcoin is currently valued at a little over $57,000. A few months ago we observed that Bitcoin was at $65,000. However, Bitcoin's stability is much stronger today than it has been in the past few years. The time ahead is expected to see Bitcoin's new ATH take place and Bitcoin will reach the peak of the bull market and we can expect Bitcoin to reach $100k by 2025. Because we can see that nowadays the popularity of crypto currency is increasing day by day and people are getting into it. I think that gradually everyone will become more aware of this and they will become more interested in trading or investing in Bitcoin.
The price of bitcoin will definitely increase but as it increases you can participate in bitcoin investment. Because if you don't participate in Bitcoin investment, you will not get any benefit if the price of Bitcoin goes up or down. So since you are new then surely you can participate in bitcoin investment and use DCA method in it. If you hold Bitcoin for a long time with DCA method you will be ready to get more benefits, only DCA method is quite useful for both new investors and old investors. Low risk and high profit is possible only through Bitcoin investment, so you should follow DCA method in Bitcoin to keep you investing in Bitcoin and keep it for long time. Do not underestimate the lump sum strategy and the buying the dip strategy by saying that the DCA strategy is the only useful method of accumulating Bitcoin for both new and old investor, you are simply saying that other methods of accumulating Bitcoin is useless that is wrong mate all the method of accumulating Bitcoin is useful in one way or another investor chooses to make use of the method that works for him. The reason why the DCA strategy of accumulating Bitcoin is mainly use by investor is to help them accumulate more Bitcoin little by little regarding of the price weekly or monthly and hold and that doesn't make other methods of accumulating Bitcoin useless because they are also working for other investors. I think @Popkon6 was trying to say that the DCA strategy is the most convenient and easy going method for both newbies and existing bitcoiners to accumulate bitcoin in other to build a bulky portfolio for a long-term benefit, I agree with you that no method of accumulating Bitcoin is inefficient but it all depends on what your pocket can afford, the DCA mathod is meant for everyone but the lump sum strategy is for the rich or people that has the ability to buy in large scale although this set of people can also decide to buy anytime too but their main targeted time to buy is during the dip but for investors using this DCA method can buy slow and steady conveniently with what they can afford overtime without any form of stress or obstruction whatsoever irrespective of the price at all time and continue hodling for a long-term profit. For sure there is no method of accumulating Bitcoin that's not good but it all depends on what an individual investor wants or can afford at a time being, as far as Bitcoin investment is concerned it is advisable for an intending and existing investors to choose a suitable and sustainable investment method for themselves, so for me it is a matter of choice and making wise decisions thats is capable of keeping you relevant in the system without having the mindset of withdrawing your asset because of your inability to sustain and continue your accumulation process, you should understand that that bitcoin investment is for a long-term purpose and that's why it's not advisable to make decisions that may ruin your investment goals and plans. Yea I believe the lump sum method is definitely working for some persons as you said but as a matter of fact I also know that some people using DCA method to accumulate Bitcoin can also buy Bitcoin in lump sum when their financial status has improved or may be when the find it necessary or convenient to do so, in conclusion both investment strategy is perfect but one is convenient for all investors.
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arwin100
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September 18, 2024, 01:07:45 PM |
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Do not underestimate the lump sum strategy and the buying the dip strategy by saying that the DCA strategy is the only useful method of accumulating Bitcoin for both new and old investor, you are simply saying that other methods of accumulating Bitcoin is useless that is wrong mate all the method of accumulating Bitcoin is useful in one way or another investor chooses to make use of the method that works for him.
The reason why the DCA strategy of accumulating Bitcoin is mainly use by investor is to help them accumulate more Bitcoin little by little regarding of the price weekly or monthly and hold and that doesn't make other methods of accumulating Bitcoin useless because they are also working for other investors.
I don't see any reason to say investing in other methods outside DCA method is useless. Maybe DCA is more popular and convenient than other investment methods, so other methods should not be called useless. Because not all tastes are the same, if you have an alternative method and you are happy and profitable investing in that method, you can use your alternative method. If you think you will get more benefit from DCA than your alternative method then you can adopt DCA method. Or you can buy dips if you feel satisfied. Which method you take is up to you. But our advice is not to use any methods that make you think negatively about Bitcoin. Remember, no matter what method you invest in, all investments have one thing in common, to be successful in investing you must be long-term. If you want to invest in a simple and convenient method, you can use the DCA method. DCA method is the most simple and reliable among the investment methods. If you can keep DCA for a long time, then you have no chance of loss. That is why the DCA method is a popular method for most people. Other methods have some complications, which are not beneficial for everyone. That is, the DCA method is just as profitable as other methods if you can use it properly. But you have to be long-term. There is no reason to call other methods useless. The ones who do call it useless are the ones who dont even know on what it is. Sooner or later they would really be able to find out on whats the meaning of this abbreviation and would really be laughing into themselves that they should have known it earlier.lol. Going back into that $100k price point on which one is really that inevitable or something that cant be stopped. Although there would really be no assurance that we would be able to see these numbers but assuming on what are the things that happened in the past will might likely happen in the future. We've seen that community support and recognition is still solid, specially now that institutions are already getting involved then its impossible to think and believe that they wont really be trying out to take some advantage. They are to focus on what they know and call other thing useless because they don't know how to deal with it. But if they realize that this strategy is really good to use then for sure that they would never say those words. But let the say about that since once they do research about what's good strategy to use for sure DCA method will pop up on their search result since there are lots of people talking about it. The $100k price is really inevitable although many people say that its crazy claims they should not forget that bitcoin start at zero and it reach this far. So for sure the target price set to reach by bitcoin is really possible and know we are close to that figures to happen. Those who doubts and continue to pull away their selves from bitcoin would provably regret that they didn't believe that bitcoin would reach to that price. Bitcoin has gather lots of support now and for sure it will gather more good recognition especially now that adaption on mainstream and institutions became more bigger.
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EclipseXcrypto
Jr. Member
Offline
Activity: 89
Merit: 5
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September 18, 2024, 03:16:56 PM |
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Do not underestimate the lump sum strategy and the buying the dip strategy by saying that the DCA strategy is the only useful method of accumulating Bitcoin for both new and old investor, you are simply saying that other methods of accumulating Bitcoin is useless that is wrong mate all the method of accumulating Bitcoin is useful in one way or another investor chooses to make use of the method that works for him.
The reason why the DCA strategy of accumulating Bitcoin is mainly use by investor is to help them accumulate more Bitcoin little by little regarding of the price weekly or monthly and hold and that doesn't make other methods of accumulating Bitcoin useless because they are also working for other investors.
I don't see any reason to say investing in other methods outside DCA method is useless. Maybe DCA is more popular and convenient than other investment methods, so other methods should not be called useless. Because not all tastes are the same, if you have an alternative method and you are happy and profitable investing in that method, you can use your alternative method. If you think you will get more benefit from DCA than your alternative method then you can adopt DCA method. Or you can buy dips if you feel satisfied. Which method you take is up to you. But our advice is not to use any methods that make you think negatively about Bitcoin. Remember, no matter what method you invest in, all investments have one thing in common, to be successful in investing you must be long-term. If you want to invest in a simple and convenient method, you can use the DCA method. DCA method is the most simple and reliable among the investment methods. If you can keep DCA for a long time, then you have no chance of loss. That is why the DCA method is a popular method for most people. Other methods have some complications, which are not beneficial for everyone. That is, the DCA method is just as profitable as other methods if you can use it properly. But you have to be long-term. There is no reason to call other methods useless. If you are having a long-term mindset then no strategy is to be regarded as useless because you have time to grow your investments over time. It all depends, according to your financial power which gives you the leverage to take decisions that aligns with your sole aim and investment plans either DCAing, ump-suming, buying during dip are all good strategies. But the only thing that is to be considered is consistency matters a lot when investing for a long term of which DCA is more of good advantage and effective than other strategies because you're always accumulating bitcoin steadily and gradually either weekly or monthly without timing the market and without purchasing a whole Bitcoin or without a bigger amount but doing it at your comfort
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Salahmu
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September 18, 2024, 03:42:32 PM |
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The price of bitcoin will definitely increase but as it increases you can participate in bitcoin investment. Because if you don't participate in Bitcoin investment, you will not get any benefit if the price of Bitcoin goes up or down. So since you are new then surely you can participate in bitcoin investment and use DCA method in it. If you hold Bitcoin for a long time with DCA method you will be ready to get more benefits, only DCA method is quite useful for both new investors and old investors. Low risk and high profit is possible only through Bitcoin investment, so you should follow DCA method in Bitcoin to keep you investing in Bitcoin and keep it for long time.
Do not underestimate the lump sum strategy and the buying the dip strategy by saying that the DCA strategy is the only useful method of accumulating Bitcoin for both new and old investor, you are simply saying that other methods of accumulating Bitcoin is useless that is wrong mate all the method of accumulating Bitcoin is useful in one way or another investor chooses to make use of the method that works for him. Some of the things @Popkon6 said is true but however his understanding about other various investment strategy is not right because he feels that since DCA is commonly used by new beginners including him that's why he disregarded others and from there he draws the conclusion that DCA is the only useful investment strategy, though if he had tried other strategy he wouldn't have said that because there are three different strategies that has been explained here and we cannot exclude the importance it all has if an investor uses them. However before those different types of investment was even introduced here most other investors has already been using them sometimes which is Lump sum and Buying at Dip on there accumulation of Bitcoin, so perhaps for the higher use of DCA strategy shouldn't mean that every other Bitcoin strategy is bad, so actually @Popkon6 was wrong on that narrative. So in other words the tree strategies is like embarking on a journey that has only three ways of getting to the destination with a very lesser risk on the way but however even if the majority of people focus more on one way doesn't mean that other ways will not lead to the destination because at the end they would all arrive at the same point, so actually this is just another way of explaining how important each and every investment strategies is.
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Shadiq
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OrangeFren.com
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September 18, 2024, 04:45:53 PM |
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If you are having a long-term mindset then no strategy is to be regarded as useless because you have time to grow your investments over time. It all depends, according to your financial power which gives you the leverage to take decisions that aligns with your sole aim and investment plans either DCAing, ump-suming, buying during dip are all good strategies. But the only thing that is to be considered is consistency matters a lot when investing for a long term of which DCA is more of good advantage and effective than other strategies because you're always accumulating bitcoin steadily and gradually either weekly or monthly without timing the market and without purchasing a whole Bitcoin or without a bigger amount but doing it at your comfort
All planned strategies are counted as effective if they are long-term and consistent. All methods work but for a newbie like me I prefer DCA. Because it is more simple method and I find this method more effective method than other methods. Because adopting other methods requires knowledge and courage to make bold decisions. When do you buy? How much to buy? Not everyone has the knowledge and courage to make these complex decisions. But the DCA method does not require any complex decisions and much knowledge. You will buy a certain amount regularly, which will depend on your earnings. If your income is higher, the amount you buy will increase and if your income is lower, the amount will decrease. There are no complex calculations and no price implications. After holding for a long time (4-12 years or more) you can decide to sell or go long if your target is reached.
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Antonil
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September 19, 2024, 06:07:42 AM |
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If you are having a long-term mindset then no strategy is to be regarded as useless because you have time to grow your investments over time. It all depends, according to your financial power which gives you the leverage to take decisions that aligns with your sole aim and investment plans either DCAing, ump-suming, buying during dip are all good strategies.
A man's financial situation does not always help him to think right. Humans are profit-hungry creatures. People always try to get more profit in less time or not? So many bug people want to do DCA, but don't have the humanity to prolong it. Because of this they often forget simple methods like DCA and focus on other difficult/businesses and end up losing money. If you want to be a real investor, you should not invest in a large portfolio at once. You need to invest a sum which, if lost, will not disrupt your livelihood. That is, you can invest the rest of your living expenses with an extra fund. The DCA method also says the same. You invest fixed amount every week or every month i.e. at a fixed time based on your income. If you make this investment for 5 years and longer, you will have a nice and big bitcoin portfolio.
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cryptoWODL
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September 19, 2024, 08:28:26 AM |
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If you hold Bitcoin for a long time with DCA method you will be ready to get more benefits, only DCA method is quite useful for both new investors and old investors.
As you mentioned only DCA method is quite effective method for both new investors and old investors. This may not be entirely true as whichever method you buy or invest in Bitcoin will be considered the most effective method for you. We call the DCA method effective in investing because we are able to maintain the investment by continuously buying bitcoins for a certain amount of money, which is why many call this method the most effective investment method. Low risk and high profit is possible only through Bitcoin investment, so you should follow DCA method in Bitcoin to keep you investing in Bitcoin and keep it for long time. Success in long-term Bitcoin investing is guaranteed. If you do DCA investment then definitely keep it for a long time because by adopting this method you are buying small amount of bitcoins with your own funds either on weekly basis or monthly basis. If you keep it for 4-6 years to accumulate small amount then your small amount of deposited bitcoins will turn into big size after mentioned few years.
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Odohu
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September 19, 2024, 10:26:07 AM Merited by JayJuanGee (1) |
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Success in long-term Bitcoin investing is guaranteed. If you do DCA investment then definitely keep it for a long time because by adopting this method you are buying small amount of bitcoins with your own funds either on weekly basis or monthly basis. If you keep it for 4-6 years to accumulate small amount then your small amount of deposited bitcoins will turn into big size after mentioned few years.
Even though we agree that Bitcoin is a reliable investment instrument, I will still want to remind you that nothing is guaranteed as far as investment is concerned. It is always great and better we have this mindset so we do not act irrationally and end up making serious mistakes. I'm not trying to discourage you or put fear in you but we have to approach every investment with the right mindset, understanding that risk is inherent in everything and acting to minimise the risk at all times. For Bitcoin, long term investment actually minimises this risk but does not eliminate it completely. That being said, I'm optimistic that the market have finally found its ground to rejuvenate the road to 100k which this thread is captioned. Therefore, there can not be any better time than now for us to consolidate on our Bitcoin holdings if we want to make the most of the opportunities offered to us by the market.
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avp2306
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September 19, 2024, 12:21:41 PM |
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Success in long-term Bitcoin investing is guaranteed. If you do DCA investment then definitely keep it for a long time because by adopting this method you are buying small amount of bitcoins with your own funds either on weekly basis or monthly basis. If you keep it for 4-6 years to accumulate small amount then your small amount of deposited bitcoins will turn into big size after mentioned few years.
Even though we agree that Bitcoin is a reliable investment instrument, I will still want to remind you that nothing is guaranteed as far as investment is concerned. It is always great and better we have this mindset so we do not act irrationally and end up making serious mistakes. I'm not trying to discourage you or put fear in you but we have to approach every investment with the right mindset, understanding that risk is inherent in everything and acting to minimise the risk at all times. For Bitcoin, long term investment actually minimises this risk but does not eliminate it completely. That being said, I'm optimistic that the market have finally found its ground to rejuvenate the road to 100k which this thread is captioned. Therefore, there can not be any better time than now for us to consolidate on our Bitcoin holdings if we want to make the most of the opportunities offered to us by the market. The way how they deliver the words about guaranteed things its like they are sure to became rich on bitcoin in future. They forget about many risk involve when they are doing the long term process and they need to overcome a lot of challenges that's why its good that they still intact on realistic world. Also yeah we are looking forward to gain from bitcoin we should not eliminate the thoughts of being careful on how we deal with this coin. That's why emergency funds is really important with this matter so once our expectation didn't came up with bitcoin and we end up losing there's some money could save our ass and we could still deal our selves on hard times and could able to recover. Being prepared is important and if they really believe on bitcoin then continuous accumulating until they hit their targets is important since this could determine on how much volume and profit they could able to get in future. So lets hope that bitcoin will also experience positive events for us to get something on the efforts we made for long time with bitcoin.
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wmaurik
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September 19, 2024, 02:08:44 PM |
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All planned strategies are counted as effective if they are long-term and consistent. All methods work but for a newbie like me I prefer DCA. Because it is more simple method and I find this method more effective method than other methods. Because adopting other methods requires knowledge and courage to make bold decisions. When do you buy? How much to buy? Not everyone has the knowledge and courage to make these complex decisions. But the DCA method does not require any complex decisions and much knowledge. You will buy a certain amount regularly, which will depend on your earnings. If your income is higher, the amount you buy will increase and if your income is lower, the amount will decrease. There are no complex calculations and no price implications. After holding for a long time (4-12 years or more) you can decide to sell or go long if your target is reached.
For the long duration that you mean, it has actually reached three cycles if one bull cycle is calculated as four years, but from the core point that you said it is true that the DCA method is still quite easy and also simple enough to be used by everyone which also includes beginners in it because they themselves can also make adjustments to the level of income they get when they want to buy Bitcoin from the routine income they get. Now the price of Bitcoin has started to move up again and has also passed the price of $63K today and I think that must have an effect from the interest rate cut by the FED which has been very prominent in the last few days.
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Sim_card
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September 19, 2024, 02:46:04 PM Merited by JayJuanGee (1) |
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Do not underestimate the lump sum strategy and the buying the dip strategy by saying that the DCA strategy is the only useful method of accumulating Bitcoin for both new and old investor, you are simply saying that other methods of accumulating Bitcoin is useless that is wrong mate all the method of accumulating Bitcoin is useful in one way or another investor chooses to make use of the method that works for him.
The reason why the DCA strategy of accumulating Bitcoin is mainly use by investor is to help them accumulate more Bitcoin little by little regarding of the price weekly or monthly and hold and that doesn't make other methods of accumulating Bitcoin useless because they are also working for other investors.
I don't see any reason to say investing in other methods outside DCA method is useless. Maybe DCA is more popular and convenient than other investment methods, so other methods should not be called useless. Because not all tastes are the same, if you have an alternative method and you are happy and profitable investing in that method, you can use your alternative method. If you think you will get more benefit from DCA than your alternative method then you can adopt DCA method. Or you can buy dips if you feel satisfied. Which method you take is up to you. But our advice is not to use any methods that make you think negatively about Bitcoin. Remember, no matter what method you invest in, all investments have one thing in common, to be successful in investing you must be long-term. If you want to invest in a simple and convenient method, you can use the DCA method. DCA method is the most simple and reliable among the investment methods. If you can keep DCA for a long time, then you have no chance of loss. That is why the DCA method is a popular method for most people. Other methods have some complications, which are not beneficial for everyone. That is, the DCA method is just as profitable as other methods if you can use it properly. But you have to be long-term. There is no reason to call other methods useless. If you are having a long-term mindset then no strategy is to be regarded as useless because you have time to grow your investments over time. It all depends, according to your financial power which gives you the leverage to take decisions that aligns with your sole aim and investment plans either DCAing, ump-suming, buying during dip are all good strategies. But the only thing that is to be considered is consistency matters a lot when investing for a long term of which DCA is more of good advantage and effective than other strategies because you're always accumulating bitcoin steadily and gradually either weekly or monthly without timing the market and without purchasing a whole Bitcoin or without a bigger amount but doing it at your comfort
Why would a new investor who has figured out how much he will be usibg for his DCA weekly or monthly not lump sum when he has the money to lump sum and it will not affect his financial situation. It is good for a new investor to start with lump sum if he has the money immediately and continue growing his bitcoin investment gradually using DCA to increase the size of his bitcoin investment. Buying one bitcoin is good if the new investor has the money to buy because the main aim of investing with DCA is to be consistent in accumulating and growing your bitcoin investment to a great height, so buying one bitcoin at once is the best way to increase your bitcoin portfolio instead of using DCA that can take a lot of years before reaching one bitcoin. If the new investor buys one bitcoin and start to DCA in order to add more bitcoin to the one bitcoin that he bought to keep increasing his bitcoin size is the best because he will reach his bitcoin target very fast compare to those using only DCA. The most important thing is that you should not stop buying until you reach your bitcoin target. Buying over aggressively is what is bad and not advisable. You must not use only DCA to increase your bitcoin but mix it with various accumulation method to give you more advantage of increasing your bitcoin and reach your bitcoin target faster because it is the size of your bitcoin portfolio that will determine your profit in the long run. It is when you don't have the money to lump sum that you should focus on keeping your DCA ongoing by buying weekly or monthly overtime. All fingers are not equal.
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martinex
Full Member
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Play-To-Earn NFT Game
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September 19, 2024, 03:06:21 PM |
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Now the price of Bitcoin has started to move up again and has also passed the price of $63K today and I think that must have an effect from the interest rate cut by the FED which has been very prominent in the last few days.
Price history never lies.. I think this is where the positive news begins, the numbers are on average beyond many people's expectations. But. I'm sure it won't be long before BTC is ready to the moon and the 80K number is no longer just a prediction like many people say and after the halving BTC will rise higher and soon become a reality.
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Ever-young
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September 19, 2024, 05:20:31 PM |
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Now the price of Bitcoin has started to move up again and has also passed the price of $63K today and I think that must have an effect from the interest rate cut by the FED which has been very prominent in the last few days.
Price history never lies.. I think this is where the positive news begins, the numbers are on average beyond many people's expectations. But. I'm sure it won't be long before BTC is ready to the moon and the 80K number is no longer just a prediction like many people say and after the halving BTC will rise higher and soon become a reality. I forget about how the price of bitcoin has been moving for a long period of time now; it's been over 3 days now since I last checked the price, and if not for this comment, I wouldn't have known that we are back to the $60k level. Talk more about seeing that we have reached $63k already. That's, by the way, price is just a number, and we can see more of it in times to come, or we can also still see the price go down below what we are seeing right now. On the aspect of reaching $80k in the coming months, it's possible, but who cares if it doesn't reach the predicted $80-$100k this year? As long as we still have more fruitful years to come, there is every possibility that those profits we hope to see from bitcoin will be achieved as long as the person keeps on hodling.
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