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Author Topic: Road to 100k?  (Read 11451 times)
MainIbem
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September 11, 2024, 09:52:18 AM
 #1501

we don't have a role to play in what becomes of Bitcoin even after the halving. We just do our speculation based on past halving and draw a conclusion of what might play out at this time after the halving. It might get bullish in the last quarter of the year and possibly bring about a new ATH which will be a good one to end the year on a good tune. It as well might not exactly happen the way we're speculating but the main thing is that in preparation for all this possibility we're projecting to play out in the coming months, we're actually buying at these prices that's below the expected bull.

Absolutely speaking, instead on wondering whether the price of Bitcoin would drop or rise above 100k before the year ends, what I think is that every investor should get prepared for whatever the outcome maybe, if it gets above 100k as speculated by most investors then it's good for every holder but if it doesn't there's still no need to complain or counter anyone's previous statement since we're all not sure what the outcome may be but we're hoping for the price to Sky rocket above 100k Mark. I see some people saying that they don't think Bitcoin would get to 100k before the year ends and it's too late for that, what I think is that we still got about 3 more months before the year ends and there's a possibility of Bitcoin getting to that point, like I said earlier, let's just get ourselves prepared and see how it goes.

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September 11, 2024, 10:19:58 AM
 #1502

we don't have a role to play in what becomes of Bitcoin even after the halving. We just do our speculation based on past halving and draw a conclusion of what might play out at this time after the halving. It might get bullish in the last quarter of the year and possibly bring about a new ATH which will be a good one to end the year on a good tune. It as well might not exactly happen the way we're speculating but the main thing is that in preparation for all this possibility we're projecting to play out in the coming months, we're actually buying at these prices that's below the expected bull.

Absolutely speaking, instead on wondering whether the price of Bitcoin would drop or rise above 100k before the year ends, what I think is that every investor should get prepared for whatever the outcome maybe, if it gets above 100k as speculated by most investors then it's good for every holder but if it doesn't there's still no need to complain or counter anyone's previous statement since we're all not sure what the outcome may be but we're hoping for the price to Sky rocket above 100k Mark. I see some people saying that they don't think Bitcoin would get to 100k before the year ends and it's too late for that, what I think is that we still got about 3 more months before the year ends and there's a possibility of Bitcoin getting to that point, like I said earlier, let's just get ourselves prepared and see how it goes.
I also agree with you, no one can make sure prediction of Bitcoin. Bitcoin changes direction at its own will. There is no guarantee that Bitcoin will actually go to 100K by the end of this year, but there is some possibility of it in the next year. But we can't say anything for sure. So we have to be prepared for both, because the market can throw unexpected events at any time. So do not rush to invest for the purpose of long term holding. Suppose you decide to hold the investment for a long time, and whether the market conditions are up or down, you only need to focus on holding in the DCA method. The market will not always be bad. Now if it is dumping then there is no reason to fear, it will pump again, and to take advantage of that pumping you simply have to buy the time of the dump. Not only dump this but you have to buy regular using  DCA. then you will find something really good at some point.

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September 11, 2024, 02:46:44 PM
 #1503

Absolutely speaking, instead on wondering whether the price of Bitcoin would drop or rise above 100k before the year ends, what I think is that every investor should get prepared for whatever the outcome maybe, if it gets above 100k as speculated by most investors then it's good for every holder but if it doesn't there's still no need to complain or counter anyone's previous statement since we're all not sure what the outcome may be but we're hoping for the price to Sky rocket above 100k Mark. I see some people saying that they don't think Bitcoin would get to 100k before the year ends and it's too late for that, what I think is that we still got about 3 more months before the year ends and there's a possibility of Bitcoin getting to that point, like I said earlier, let's just get ourselves prepared and see how it goes.
I also agree with you, no one can make sure prediction of Bitcoin. Bitcoin changes direction at its own will. There is no guarantee that Bitcoin will actually go to 100K by the end of this year, but there is some possibility of it in the next year. But we can't say anything for sure. So we have to be prepared for both, because the market can throw unexpected events at any time. So do not rush to invest for the purpose of long term holding. Suppose you decide to hold the investment for a long time, and whether the market conditions are up or down, you only need to focus on holding in the DCA method. The market will not always be bad. Now if it is dumping then there is no reason to fear, it will pump again, and to take advantage of that pumping you simply have to buy the time of the dump. Not only dump this but you have to buy regular using  DCA. then you will find something really good at some point.

You're right, until now we have not found someone who can accurately predict when the price of Bitcoin will increase at the end of this year or next year and I agree with you choosing to prepare yourself, of course, it will be better to continue to focus on the process of accumulating Bitcoin assets according to the ability we have to be able to survive in the long term and choosing to use the DCA method in the process of accumulating Bitcoin, of course, will always be benefit us when we can maintain these assets in the long term.

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September 11, 2024, 02:50:19 PM
 #1504

At those early stage of Bitcoin investments, profit was more about investing earlier enough because earlier investors had the opportunity of buying Bitcoin at a much cheaper price even though they didn't use much amount to buy it. It was possible to buy up to 2 BTC within very few months even though you don't earn that much. You can afford to buy that much BTC because of how relatively low the value of BTC was and once you've done that and you've held your BTC till now or any where above those range of price, you're certain that you've gotten a good profit or at the least, you're comfortably sited at a good profit region. With little DCA or a good amount during bulk purchase, you can easily reach your goal in the past but that's no longer the case at the present that Bitcoin has gone this far and is somehow more stable than it use to be.

Even at a cheaper price, how many people did buy it and how long did it take before they sold
If you check earliest posts on the forum especially WO
There are individuals who believed Bitcoin wouldn't cross $100
Then is similar to whats occurring Now
The differences are the price but fortunately it's possible to buy a unit if Bitcoin
It doesn't have to necessarily be a full BTC
Earliest adopters were rewarded for taking the risk with greater returns.

The main issue here is that many people have downgraded Bitcoin only as a speculative asset not recognising it's so much more than that.

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September 11, 2024, 02:52:17 PM
 #1505

Yeah in other to secure one's Bitcoin one needs to have a backup funds without a strong backup funds it will be very difficult to become successful in Bitcoin investment because challenges must come as time goes on and you need to have backup funds to prevent you dipping hands into your Bitcoin, we know that backup funds are not a sure security to one's Bitcoin investment because one may face some challenge or problem that will eat up all your backup funds and still lead you to dip hands into your Bitcoin just to solve that problem however we are not praying for such situations that will eat up all our backup funds and as such one needs a backup funds because it will be of a great help in securing your Bitcoin, when you face a problem that will lead you to dip hands into your Bitcoin after eating up your backup funds it won't cause you to finish all of your Bitcoin because your backup funds has already solved part of it already so be as it is backups funds are still very important in our Bitcoin investment.
It’s kinda complicated with what you wrote involving bitcoin investment and challenges , no one should view bitcoin investment as a helping hand in times of stranded situation. Even if you made mentioned of back up funds also and no one can predict any situation we face in life so it’s right we always make room for alternative plans, honestly speaking challenges that will cost an investor his/her bitcoin investment is so rare expect the investor never made use of the disposable income when investing rather the investor went ahead to buy and buy without planning, secondly using the backup funds for personal reason without filling back is wrong and it can cost an investor his investment.


Exactly, that's where most persons get it wrong. It shouldn't just be about investing and holding for long period of time but rather it should be investing wisely and smartly because investor who invest wisely and... Find it difficult or hard to encounter any challenge I mean there will be little or no challenge at all but investor who is so concerned about investing sometimes may over invest and when the market start depreciating they began to panic even when they are responsible for their..., In summary we should try as much as possible to be investing wisely and smartly because there will be alot of advantage.

May be I get your point, you are actually referring to those that are using the amount they are not comfortable with or can't let go to invest in Bitcoin, I want you to understand that there is nothing like over investment in Bitcoin, the DCA method was introduced to carry everyone along to use what they can afford to invest continuously slowly and steadily though the investment may not be fast accumative but with time an investor using this method will accumulate more than he or she has expected.
We should also understand that people that panic when there is price drop are those individuals that does not have the clue that Bitcoin is a volatile asset that undergoes fluctuation at any given point as such dip and pump is part of the market and no one can actually predict when any of this events will take place, I just happens and as bitcoiners we are to expect any of those events at all time.
A smart investor as you said is said to be an investor that invest with what he or she knows that they can continuously maintain steadily and hodl for a long-term without any form of obstruction.

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September 11, 2024, 03:14:17 PM
 #1506

Absolutely speaking, instead on wondering whether the price of Bitcoin would drop or rise above 100k before the year ends, what I think is that every investor should get prepared for whatever the outcome maybe, if it gets above 100k as speculated by most investors then it's good for every holder but if it doesn't there's still no need to complain or counter anyone's previous statement since we're all not sure what the outcome may be but we're hoping for the price to Sky rocket above 100k Mark. I see some people saying that they don't think Bitcoin would get to 100k before the year ends and it's too late for that, what I think is that we still got about 3 more months before the year ends and there's a possibility of Bitcoin getting to that point, like I said earlier, let's just get ourselves prepared and see how it goes.
hoping to invest in Bitcoin when the price is 100,000 before you can invest in Bitcoin it is Wrong way to plan for cryptocurrency investment especially Bitcoin so what I know is that in cryptocurrency investment what you need to do is to watch the market before you invest, the prediction of Bitcoin is like suggestions and I believe that anyone who invest in Bitcoin two times should have done that price of bitcoin is not constant, and secondly waiting to invest in bitcoin when the price reached 100k is wrong ways of bitcoin investment, the best you can do is to invest and exercise patients until when it will increase.

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September 11, 2024, 04:08:52 PM
Merited by JayJuanGee (1)
 #1507

hoping to invest in Bitcoin when the price is 100,000 before you can invest in Bitcoin it is Wrong way to plan for cryptocurrency investment especially Bitcoin

You are misunderstanding Mainlbem because he never said that anyone should wait till bitcoin price gets to 100k before investing. He is only encouraging people to have a reason to invest in bitcoin whether the price gets to 100k or not this year.

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cryptocurrency investment

It will be better if you learn how to use the word of bitcoin more often than using cryptocurrency so that you don't mislead newbies for them to feel that bitcoin and altcoins are the samw and have thw aame potential, because only bitcoin is worth investing in and not altcoins.

Quote

so what I know is that in cryptocurrency investment what you need to do is to watch the market before you invest

There is no way for one to watch the market before investing because he is a no coiner. A new investor should not bother about the price of bitcoin when he wants to get started since he already has the money to start immediately. He should start investing with DCA continously so that he can keep on accumulating his bitcoin bit by bit irrespective of the price of bitcoin because no one can predict the price movement of bitcoin, but he should only focus on growing and building his bitcoin portfolio for a long time.


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September 11, 2024, 08:15:18 PM
 #1508

Exactly, that's where most persons get it wrong. It shouldn't just be about investing and holding for long period of time but rather it should be investing wisely and smartly because investor who invest wisely and... Find it difficult or hard to encounter any challenge I mean there will be little or no challenge at all but investor who is so concerned about investing sometimes may over invest and when the market start depreciating they began to panic even when they are responsible for their..., In summary we should try as much as possible to be investing wisely and smartly because there will be alot of advantage

Can you explain the investing wisely part.
Because investing In Bitcoin alone is already a wise decision to take , I know that their are steps to follow when investing and accumulating bitcoin, steps like having an emergency funds, method of accumulating etc . Most time some people will want to play smart they will sell their bitcoin when there's a slight increase in price , with the plan of buying back when the price drop back. Calling them self investors while as they are more of a trader, trying to play with the market wave and most time they always endup with little profit or none because they lacks patient.

So there's no complex way to accumulate or hold Bitcoin, just put things in place ( like emergency funds and others) , accumulate and hold as long-term investment.


What I meant by investing wisely and smartly is knowing what to do during your investment, most people invest in Bitcoin and don't know what to do that's why some panic and some sell at loss and again it's not about having emergency funds and others rather it's about, how can one be able to play around with them. There are people who had these emergency funds and others yet they don't know how to go about their investment. Selling Bitcoin after investing due to variation in the market means lack of trust and it can also mean lack of Bitcoin knowledge and understanding.

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September 11, 2024, 08:53:32 PM
 #1509


Now only if we are investing in bitcoins with DCA method then we only need to aim to invest in bitcoins.  So if you invest in Bitcoin at a high price and in a short period of time and immediately sell your holdings when the price of Bitcoin rises then the DCA method will not work. To invest according to the DCA method, the investment must be long-term and the thought of holding bitcoins only, and if you are holding bitcoins with money at any price, then keeping it for a long time will give you the maximum profit and your money will be together. Your investment may be approximately 5 years to 10 years or more depending on your strategy and mindset.


Yes, the DCA method reminds me of the method that Warren Buffet applies but in stocks, in the stock market, it is something similar and his waiting time to obtain benefits is 8-10 years and it really works for him, it works for him and well, for some reason he is one of the best investors in the world, so this method really is good, of course it always has its risks, but for me the risks of losing are very, very low, this is one of the best that can be Done.

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September 12, 2024, 05:06:21 AM
 #1510


Now only if we are investing in bitcoins with DCA method then we only need to aim to invest in bitcoins.  So if you invest in Bitcoin at a high price and in a short period of time and immediately sell your holdings when the price of Bitcoin rises then the DCA method will not work. To invest according to the DCA method, the investment must be long-term and the thought of holding bitcoins only, and if you are holding bitcoins with money at any price, then keeping it for a long time will give you the maximum profit and your money will be together. Your investment may be approximately 5 years to 10 years or more depending on your strategy and mindset.


Yes, the DCA method reminds me of the method that Warren Buffet applies but in stocks, in the stock market, it is something similar and his waiting time to obtain benefits is 8-10 years and it really works for him, it works for him and well, for some reason he is one of the best investors in the world, so this method really is good, of course it always has its risks, but for me the risks of losing are very, very low, this is one of the best that can be Done.

I think the DCA method is relatively low risk because if you can start today, it can give you a step forward. You will find that the price of Bitcoin is constantly fluctuating and holders are valuing their holdings more because they know how much it can increase in value in the future. During a price correction, more buying opportunities are created which tends to increase holdings for an investor. Accumulating Bitcoins with the DCA method will positively influence the long-term trend so that valuable assets like Bitcoins accumulate in your portfolio in line with alternative income.

By alternative income I mean if you are involved in a job or business, a portion of discretionary income from that can be stored in bitcoins through DCA method and till your retirement you will have a huge stash of bitcoins.

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September 12, 2024, 05:22:51 AM
 #1511


Now only if we are investing in bitcoins with DCA method then we only need to aim to invest in bitcoins.  So if you invest in Bitcoin at a high price and in a short period of time and immediately sell your holdings when the price of Bitcoin rises then the DCA method will not work. To invest according to the DCA method, the investment must be long-term and the thought of holding bitcoins only, and if you are holding bitcoins with money at any price, then keeping it for a long time will give you the maximum profit and your money will be together. Your investment may be approximately 5 years to 10 years or more depending on your strategy and mindset.


Yes, the DCA method reminds me of the method that Warren Buffet applies but in stocks, in the stock market, it is something similar and his waiting time to obtain benefits is 8-10 years and it really works for him, it works for him and well, for some reason he is one of the best investors in the world, so this method really is good, of course it always has its risks, but for me the risks of losing are very, very low, this is one of the best that can be Done.

I totally agree. The main thing at stake with DCA is time itself. And if you are disciplined enough, it won't be hard for a person to apply it and try it out, with BTC first and foremost.

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September 12, 2024, 05:29:35 AM
 #1512

By alternative income I mean if you are involved in a job or business, a portion of discretionary income from that can be stored in bitcoins through DCA method and till your retirement you will have a huge stash of bitcoins.
Agreed, DCA needs a lot of reliable income to operate over the long term. Because DCA is expected to be good only when you keep DCA regularly for at least 6-8 years, a certain amount of money from your job or business income should be invested regularly, without which money you can live your daily life smoothly without any hindrance. will be Investing in the DCA strategy will continue to accumulate in your portfolio over the long term as the average value of Bitcoins, and will result in a lot of financial success, which will turn into a large financial asset for you in the future, From which you can take your business or your situation further. But for this you have to hold on for a long time, and never panic anytime about the value of Bitcoin.

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September 12, 2024, 05:32:14 AM
 #1513

I totally agree. The main thing at stake with DCA is time itself. And if you are disciplined enough, it won't be hard for a person to apply it and try it out, with BTC first and foremost.

I think the issue of the technique of buying BTC in installments using DCA is already very familiar to discuss at this time, what we need to focus on now is how much we have accumulated at this time.

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barisbilgili
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September 12, 2024, 05:52:57 AM
 #1514

By alternative income I mean if you are involved in a job or business, a portion of discretionary income from that can be stored in bitcoins through DCA method and till your retirement you will have a huge stash of bitcoins.
Agreed, DCA needs a lot of reliable income to operate over the long term. Because DCA is expected to be good only when you keep DCA regularly for at least 6-8 years, a certain amount of money from your job or business income should be invested regularly, without which money you can live your daily life smoothly without any hindrance. will be Investing in the DCA strategy will continue to accumulate in your portfolio over the long term as the average value of Bitcoins, and will result in a lot of financial success, which will turn into a large financial asset for you in the future, From which you can take your business or your situation further. But for this you have to hold on for a long time, and never panic anytime about the value of Bitcoin.
I think it doesn't take long to collect Bitcoin with the DCA method, we are free to plan at the beginning to determine the profit to be taken and I think it can be more realistic. And regarding the DCA strategy that is applied is for those who are able to set aside money so it is very appropriate to increase their investment, no one says that it is a bad strategy but if someone has more money then there are many other strategies that can be used to get bigger profits.

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Barikui1
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September 12, 2024, 08:10:16 AM
 #1515

At those early stage of Bitcoin investments, profit was more about investing earlier enough because earlier investors had the opportunity of buying Bitcoin at a much cheaper price even though they didn't use much amount to buy it. It was possible to buy up to 2 BTC within very few months even though you don't earn that much. You can afford to buy that much BTC because of how relatively low the value of BTC was and once you've done that and you've held your BTC till now or any where above those range of price, you're certain that you've gotten a good profit or at the least, you're comfortably sited at a good profit region. With little DCA or a good amount during bulk purchase, you can easily reach your goal in the past but that's no longer the case at the present that Bitcoin has gone this far and is somehow more stable than it use to be.

Even at a cheaper price, how many people did buy it and how long did it take before they sold
If you check earliest posts on the forum especially WO
There are individuals who believed Bitcoin wouldn't cross $100
Then is similar to whats occurring Now
The differences are the price but fortunately it's possible to buy a unit if Bitcoin
It doesn't have to necessarily be a full BTC
Earliest adopters were rewarded for taking the risk with greater returns.

The main issue here is that many people have downgraded Bitcoin only as a speculative asset not recognising it's so much more than that.
Yea, I really do share the same sentiment with you bro, you have actually said my mind, but I just want to add to what you have already said, let's take a look at the current price of Bitcoin today, most investors, even some veterans investors feels like the price of Bitcoin is too high now, that if they invest heavily in it now, they can't get what they actually want, which is 10x to 20x, and that is one of the reason behind why most investors take the risk of gambling in an alt or shit coin just for huge return, which mostly ends in severe losses, they actually don't know that we are still in the early days of Bitcoin, and as such Bitcoin has the potential of still doing 10x  to 20x in like 10 to 20 years time from now, they  don't believe that Bitcoin can still go up further to like 1million dollar, they just feels like it just speculation, which is not true.

So I believe that that even till now, if you can be consistent in your Bitcoin accumulation through the DCA accumulating strategy, and you are able to build a good stash of Bitcoin in your possession, it's very much possible that you can be able to build a generational wealth overtime when the price of Bitcoin has risen to 1million dollar in the future, If you can be able to hold till then without tempering with it.

R


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EarnOnVictor
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September 12, 2024, 10:25:24 AM
 #1516

[edited out]
This advice is not worth it, it has a focus/vision but lacks investment dynamism and safety, what is the ultimate goal of Bitcoin price moving up in multiples did not happen, what will be the fate of the investment? So you are wrong to have said we should disregard the price of Bitcoin, if we do that, what type of investor are we? No matter what you think of Bitcoin, you should always have your factor of safety, your investment safety should be your number one goal, and this is why you need the right risk management as you invest.

Tell me, where is the risk management if you do not consider the price of Bitcoin to plan the investment rightly? The DCA investment approach is certainly good as it would help you to average your earnings and risks, but it will be painful at the end of the day if you hardly gain anything from your investment strategy due to the inability of the asset to perform. This is why the price is key. You should also learn the market pattern to assist in speculation and know the right time for the investment (DCA or not).

You seem to either not understand what is DCA or you are purposefully convoluting DCA with ideas of trading.
I'm experienced in the world of trading and investing to know the difference between the two and the fact that our view didn't align doesn't make me less right. This is the same mistake you always make thinking I mistake trading for investing but still didn't change anything because I stand with what I wrote, it's my philosophy of investment and the DCA approach and is working for me. However, I suspect that you are static with the investment approaches, but I am not. I am flexible and dynamic, maybe you should soften things and vary them sometimes and you will discover enough working principles in investing that are not generally covered with what most people read or watch. You can be creative about it and twist it for more productivity.

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September 12, 2024, 11:29:10 AM
Merited by JayJuanGee (1)
 #1517

hoping to invest in Bitcoin when the price is 100,000 before you can invest in Bitcoin it is Wrong way to plan for cryptocurrency investment especially Bitcoin so what I know is that in cryptocurrency investment what you need to do is to watch the market before you invest, the prediction of Bitcoin is like suggestions and I believe that anyone who invest in Bitcoin two times should have done that price of bitcoin is not constant, and secondly waiting to invest in bitcoin when the price reached 100k is wrong ways of bitcoin investment, the best you can do is to invest and exercise patients until when it will increase.

You are missing up your Statment too much with the word Cryptocurrency from the particular assets we are discussing here which is Bitcoin because I'm actually confuse as to no whether you are talking about Bitcoin or referring to Cryptocurrency investment, so actually in other to make your statement more better for people to understand, you should focus on the right word which is Bitcoin because cryptocurrency is talking about every other coins.

Secondly from your advise that says that an investor should watch the market before investing, if I may ask what would the investor be looking for while watching the price of Bitcoin before investing because the point is not actually clear and beside this similar advice has been made by so many others including JayJuanGee for us not to continue relying or monitoring the Bitcoin price before investing while using DCA because is very wrong for someone who have not even gotten any Bitcoin stash on there account to be considering Bitcoin price, so actually all you need is to continue investing and disregard any watching price.


I want you to understand that there is nothing like over investment in Bitcoin, the DCA method was introduced to carry everyone along to use what they can afford to invest continuously slowly and steadily though the investment may not be fast accumative but with time an investor using this method will accumulate more than he or she has expected.

You are right about the function of DCA in regards to having a healthy investment without any interference but however I don't agree with you saying that there is nothing like over investment because if I'm not mistaken you have seen or heard people who suddenly invested all there money on Bitcoin and because of not having any other means of getting money they have to sell some of there Bitcoin, so actually that's considered to be under the classification or the definition of over investment because if they had taken it slowly it wouldn't have lead to that point.

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Muba20
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September 12, 2024, 12:18:35 PM
 #1518

By alternative income I mean if you are involved in a job or business, a portion of discretionary income from that can be stored in bitcoins through DCA method and till your retirement you will have a huge stash of bitcoins.
Agreed, DCA needs a lot of reliable income to operate over the long term. Because DCA is expected to be good only when you keep DCA regularly for at least 6-8 years, a certain amount of money from your job or business income should be invested regularly, without which money you can live your daily life smoothly without any hindrance. will be Investing in the DCA strategy will continue to accumulate in your portfolio over the long term as the average value of Bitcoins, and will result in a lot of financial success, which will turn into a large financial asset for you in the future, From which you can take your business or your situation further. But for this you have to hold on for a long time, and never panic anytime about the value of Bitcoin.
I think it doesn't take long to collect Bitcoin with the DCA method, we are free to plan at the beginning to determine the profit to be taken and I think it can be more realistic. And regarding the DCA strategy that is applied is for those who are able to set aside money so it is very appropriate to increase their investment, no one says that it is a bad strategy but if someone has more money then there are many other strategies that can be used to get bigger profits.
Risk mitigation is an important aspect of investing in Bitcoin and DCA is a great strategy for those who are afraid of buying bitcoins or feel too risky to invest large amounts of money in bitcoins. With this strategy an investor can accumulate bitcoins by depositing small amounts regularly. Since Bitcoin investing is about long-term planning, the best strategy is to follow DCA.

There are many investors who think they are trying to invest large amount without doing DCA most of the time they fail to hold bitcoins. Besides, people need money. In any emergency they need money. Investing a huge amount of money in that case does not seem appropriate for all. Those who hold Bitcoin for the long-term, keeping an eye on its potential, will surely make a successful investment.
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September 12, 2024, 02:28:42 PM
 #1519


Now usually the Bitcoin DCA method is that it has survived in the market with reliability for a long time. That is why all investors invest in Bitcoin. Investing in Bitcoin is likely to be the most profitable, as Bitcoin prices have only increased over the past 14 years. If you notice the market value it is around 57k dollars at the current price, but mostly bitcoin acceptance and it's popularity all over the world. But anyway Bitcoin is Bitcoin because Bitcoin is the only hope in this cryptocurrency that the probability of loss is very low when investing.


It's a fact, things are always like this with bitcoin, there are people who still don't believe in bitcoin and I find it incredible, I am a person who has always believed in bitcoin, but it is difficult to make someone who has no financial education whatsoever and who only believe in the traditional economic model think correctly, and that is what counts the most, because they only turn on when they see bitcoin above $100k, when that happens which I know will be soon, because that is where they will react, but I still think that the DCA method will continue to be the best.

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September 12, 2024, 03:53:14 PM
 #1520

Absolutely speaking, instead on wondering whether the price of Bitcoin would drop or rise above 100k before the year ends, what I think is that every investor should get prepared for whatever the outcome maybe, if it gets above 100k as speculated by most investors then it's good for every holder but if it doesn't there's still no need to complain or counter anyone's previous statement since we're all not sure what the outcome may be but we're hoping for the price to Sky rocket above 100k Mark. I see some people saying that they don't think Bitcoin would get to 100k before the year ends and it's too late for that, what I think is that we still got about 3 more months before the year ends and there's a possibility of Bitcoin getting to that point, like I said earlier, let's just get ourselves prepared and see how it goes.
hoping to invest in Bitcoin when the price is 100,000 before you can invest in Bitcoin it is Wrong way to plan for cryptocurrency investment especially Bitcoin so what I know is that in cryptocurrency investment what you need to do is to watch the market before you invest, the prediction of Bitcoin is like suggestions and I believe that anyone who invest in Bitcoin two times should have done that price of bitcoin is not constant, and secondly waiting to invest in bitcoin when the price reached 100k is wrong ways of bitcoin investment, the best you can do is to invest and exercise patients until when it will increase.
Your explanation can be confusing expecially to newbies who don't understand that the word cryptocurrency is just a general word so it either you call it Bitcoin or shitcoins and stop referring Bitcoin to cryptocurrency.

And secondly there is no need for an investor to watch or time the market before making investment for with your DCA strategy you can accumulate Bitcoin irrespective of the price either weekly or monthly and hodl for the future.

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