Most people are playing the wrong Bitcoin game

[SPIDERMAN008]

There are some few hiccups that need addressing. Doing DCA isn't just automatic for everyone. It's best you choose what's good for you. All we do is advice you on what you can do. Which investment strategy is good. And that is DCAing. Nothing beats that. At the sametime, I am saying that it's good to check others if DCA doesn't fit into you.

The DCA method is flexible so everyone can follow it to invest. If a person has discretionary income, then he can easily follow the DCA method and invest with a long term mindset. If that person's income becomes irregular or he has a lot of responsibilities where he has to spend more, then if his discretionary income starts to be generated irregularly, there is no problem even if he does DCA irregularly with that fund. Even if he does not have discretionary income in a month or week, then there is no problem if he stops investing for that month.

But if you think that you have to invest regularly, then if you do DCA overly aggressively, then that is the wrong mindset. But for those who have high expenses or have to fulfill many responsibilities in the family, it is better to keep a strong backup fund.

[laijsica]

Most people are trying to time the top or bottom of Bitcoin .


Honestly ? This ( Best strategy ) has always been the most boring one : All we have to do is stack sats then log off .

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

Agree ?

In the instance of Bitcoin investment you first have to think unilaterally and deposit Bitcoin regularly. The mentality of doubling or tripling your money will make you greedy, and if you want to build a stack of value with patience, you have to go forward with unilateral thinking and consider a fixed period.

For good results, you should focus on learning in the early stages and deposit regularly, so that you can build Bitcoin holdings as you gain experience in investing.

No one can realize the minimum or maximum value in advance. The important thing here is to be regular and put maximum effort and plan to get a decent amount of Bitcoin holdings.

[Luka123456]

Spot on. Trying to time the market usually just leads to emotional trading and unnecessary stress. DCA, logging off, and zooming out is definitely the most boring strategy, but ironically, it's also the most profitable and peaceful one in the long run.

[Brizi5000]

There are some few hiccups that need addressing. Doing DCA isn't just automatic for everyone. It's best you choose what's good for you. All we do is advice you on what you can do. Which investment strategy is good. And that is DCAing. Nothing beats that. At the sametime, I am saying that it's good to check others if DCA doesn't fit into you.

DCA Is not actually automatic and it takes a lot for you to be able manage dca well because most times I feel like a lot of people think when you have discretionary income you are good to go you need more than that you also have to be ready to comit to what you about to get your self I. Because nit every one are able to hold for a long time because is not every one that has that discipline to be consistent and also to be able to manage there resources well because when you tell people about dca they think is easy but when it comes to been consistent because even with your emergency it won't be easy only strong minded people don't need to worry about the money they spend just to accumulate and hold for a long time.

If you’re in for a long term investment then the DCA is the best bet for long term investment. The DCA isn’t that Cumbersome as many people try to make it look like, it’s flexible and give you the opportunity to only buy bitcoin within your financial means and hold comfortably after sorting out your basic expenses. If you can’t invest in a long term with the DCA then I don’t think you can afford it with any other strategy. This is a strategy that will stop investors from panicking during market crashes and they will in turn use the opportunity to buy even more in such a reduced price and hold to further boost their portfolio for long term returns.

[HashRate Hero]

Most people are trying to time the top or bottom of Bitcoin .


Honestly ? This ( Best strategy ) has always been the most boring one : All we have to do is stack sats then log off .

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

Agree ?

In the instance of Bitcoin investment you first have to think unilaterally and deposit Bitcoin regularly. The mentality of doubling or tripling your money will make you greedy, and if you want to build a stack of value with patience, you have to go forward with unilateral thinking and consider a fixed period.

For good results, you should focus on learning in the early stages and deposit regularly, so that you can build Bitcoin holdings as you gain experience in investing.

No one can realize the minimum or maximum value in advance. The important thing here is to be regular and put maximum effort and plan to get a decent amount of Bitcoin holdings.

You right! ...The hardest part of Bitcoin isn't the math or the market, it's ignoring the noise and staying offline.!

[Stormisover]

Long term investing requires discipline, if you notice that you check the charts very often, then any market movement will affect your decisions. In that case, being a long-term holder will be very difficult because big drawdowns and corrections will make you think about selling or just worry too much about your investments. But if you are disciplined and can buy and wait for as long as necessary, sometimes even for years, then investing in Bitcoin might be right for you.

Someone who can easily be emotionally moved by price is advised to uninstall anything that has to do with and can send price signals to the person to reduce the amount of negative pressure it can put on them that way they can control their self to a certain level and it they really want to hold for longer they can keep their wallet access in a safe place far from them so that they don’t easily access it to sell off.

Emotional preparation is one thing every one coming to the Bitcoin long term investment should carry in mind even after which you are investing from your cold money, looking away from signals can be helpful though getting price signals is not completely wrong because it makes you stay informed of what is happening in the market, just be get use to it and keep getting strong enough not to allow it get in to your head and your investment decision. Anyways, is fine if people can do whatever that is suitable for them to achieve their goals .

[Olatundespo]

Most people are trying to time the top or bottom of Bitcoin .


Honestly ? This ( Best strategy ) has always been the most boring one : All we have to do is stack sats then log off .

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

Agree ?

Bitcoin is for long term investment only and you should avoid getting influenced by price fluctuations. As the price fluctuates, you should keep a normal mindset when buying Bitcoin. The period of price decline is an opportunity for every investor. During this time, if you have excess funds, you can aggressively buy Bitcoin and if you do not have extra fund, accumulation in the DCA method.

The main essence of your point is to accumulation Bitcoin regularly. Continuing long term accumulation is a strategy and if you want to stay regular in this strategy, you need to do DCA through discretionary income until you reach a proper over accumulation.

A long term investor avoids looking at the charts frequently but mainly those traders who are volatile in nature show more volatility for selling than buying decent amounts of Bitcoin.

[KingsDen]

Most people are trying to time the top or bottom of Bitcoin .


Honestly ? This ( Best strategy ) has always been the most boring one : All we have to do is stack sats then log off .

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

Agree ?

Every strategy is valid, as long as one is buying and selling bitcoin in one way or the other...

• Day traders: These people are experts in checking charts and the profit from their skill and experience. Predicting the next move of bitcoin in a short range is not an easy task.
• Short term investors: These people buy bitcoin and still pay attention to the price. The movement that took bitcoin from $60k to $80k range is enough for them to exit the market and wait for the next opportunity. I admire their ability to study the market and know when to join or exit.
• Long term investors: This is where I belong. Buy and hold for a long time and not care so much about price. If things doesn't go well sometimes, withdraw part of your bitcoin and solve the problem and life goes on.

[Soldroplet]

[Edited Out]

The DCA method is flexible so everyone can follow it to invest. If a person has discretionary income, then he can easily follow the DCA method and invest with a long term mindset. If that person's income becomes irregular or he has a lot of responsibilities where he has to spend more, then if his discretionary income starts to be generated irregularly, there is no problem even if he does DCA irregularly with that fund. Even if he does not have discretionary income in a month or week, then there is no problem if he stops investing for that month.

But if you think that you have to invest regularly, then if you do DCA overly aggressively, then that is the wrong mindset. But for those who have high expenses or have to fulfill many responsibilities in the family, it is better to keep a strong backup fund.

In my opinion, the most important thing when doing DCA is not only to buy Bitcoin regularly, but also to keep your own financial situation in order. Because even if you plan to hold Bitcoin for the long term, you may have to sell Bitcoin due to lack of cash if an emergency arises.

Suppose, every week someone has an extra $100 on hand after spending. If he wants, instead of spending the entire $100 in Bitcoin, he can buy $60 Bitcoin and keep the remaining $40 in an emergency fund. After 20 weeks, he will have $1,200 invested in Bitcoin, as well as $800 in cash. Then suddenly there is a need when he will be forced to sell Bitcoin, if he has $800 in hand, he will not have to sell the saved Bitcoin.

So, to me, a good DCA does not mean buying as much Bitcoin as possible. Rather, buying regularly in such an amount that even if the market goes down a lot or if a sudden expense arises, he does not have to sell Bitcoin. I think it's more effective in the long run to maintain a balance between your essential expenses, emergency funds, and extra income.

[Richbased]

Spot on. Trying to time the market usually just leads to emotional trading and unnecessary stress. DCA, logging off, and zooming out is definitely the most boring strategy, but ironically, it's also the most profitable and peaceful one in the long run.

Why should someone who isn't a trader monitor the market? It's a volatile market already, staying glued to the market is just as simple as risking your mental health so it is never advisable for an investor. Monitoring the market should be left for traders who wants to take advantage of the little pumps and drops in the market price.

It requires emotional intelligence to become a trader and start timing the market every now and then. For someone who's always emotional when the market is reacting negatively, all he need do is just to accumulate and hold. The price of the market should not bother you.

[Humblevirus]

Most people are trying to time the top or bottom of Bitcoin .


Honestly ? This ( Best strategy ) has always been the most boring one : All we have to do is stack sats then log off .

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

Agree ?

It is not really easy to always time the Bitcoin market, but there are still some sets of people who are really good at timing the market, and seriously, they are getting positive results from it. So, with that, I will not say that it is a bad strategy just because some people are not getting it right.If timing the market were a wrong idea, there likely would not be a lot of people trading. Some, let’s just know that we can never be the same, because our thinking is going in different directions.

But when it would just be boring is when someone decides to be an investor and hold for the long term before selling, but keeps looking at the chart from time to time. It may easily control their emotions and likely change their decisions, which may cause them to sell when they see signs that Bitcoin’s price may drop more. However, they can still get it wrong, even if they have good knowledge of technical analysis.The fact is that before someone starts timing the market, they have to have good technical knowledge and know how to analyze the market well.

[Mr Reporter]

Emotional preparation is one thing every one coming to the Bitcoin long term investment should carry in mind even after which you are investing from your cold money, looking away from signals can be helpful though getting price signals is not completely wrong because it makes you stay informed of what is happening in the market, just be get use to it and keep getting strong enough not to allow it get in to your head and your investment decision. Anyways, is fine if people can do whatever that is suitable for them to achieve their goals .

I feel most people might even think it’s all about strategy or about timing, but the main deal is actually about the mindset as a human being, I have come across many individuals who invested with there cold money and still panic sell at the end of the end, it so simple if you want to invest you first need to prepare the mindset, the mindset most be able to accept the fact that Bitcoin might dump at -30% dips at this point, with some type of cart FUD news and the mindset is not trained to undergo through such movements it will be so hard for a person to invest in Bitcoin, in some cases If you are not emotionally ready, you might even make decisions based on fear, not plan….

Want to be honest in this part you talked about checking the price signals like I normally say it okay to check signals because we are all humans it might be so hard not to know understand what happening in the market, but the problem is that some people can take things to personal by overthinking that ever red candles controls there mood, that is why the mind should have little training….

[HashRate Hero]

It is not really easy to always time the Bitcoin market, but there are still some sets of people who are really good at timing the market, and seriously, they are getting positive results from it. So, with that, I will not say that it is a bad strategy just because some people are not getting it right.If timing the market were a wrong idea, there likely would not be a lot of people trading. Some, let’s just know that we can never be the same, because our thinking is going in different directions.

But when it would just be boring is when someone decides to be an investor and hold for the long term before selling, but keeps looking at the chart from time to time. It may easily control their emotions and likely change their decisions, which may cause them to sell when they see signs that Bitcoin’s price may drop more. However, they can still get it wrong, even if they have good knowledge of technical analysis.The fact is that before someone starts timing the market, they have to have good technical knowledge and know how to analyze the market well.

Every strategy is valid, as long as one is buying and selling bitcoin in one way or the other...

• Day traders: These people are experts in checking charts and the profit from their skill and experience. Predicting the next move of bitcoin in a short range is not an easy task.
• Short term investors: These people buy bitcoin and still pay attention to the price. The movement that took bitcoin from $60k to $80k range is enough for them to exit the market and wait for the next opportunity. I admire their ability to study the market and know when to join or exit.
• Long term investors: This is where I belong. Buy and hold for a long time and not care so much about price. If things doesn't go well sometimes, withdraw part of your bitcoin and solve the problem and life goes on.

Bitcoin is for long term investment only and you should avoid getting influenced by price fluctuations. As the price fluctuates, you should keep a normal mindset when buying Bitcoin. The period of price decline is an opportunity for every investor. During this time, if you have excess funds, you can aggressively buy Bitcoin and if you do not have extra fund, accumulation in the DCA method.

The main essence of your point is to accumulation Bitcoin regularly. Continuing long term accumulation is a strategy and if you want to stay regular in this strategy, you need to do DCA through discretionary income until you reach a proper over accumulation.

A long term investor avoids looking at the charts frequently but mainly those traders who are volatile in nature show more volatility for selling than buying decent amounts of Bitcoin.

Agreed ... Stacking sats and logging off is the ultimate cheat code for long-term peace of mind. Checking charts every five minutes just destroys your psychology

[BItcoin Guy@]

The DCA method is flexible so everyone can follow it to invest. If a person has discretionary income, then he can easily follow the DCA method and invest with a long term mindset. If that person's income becomes irregular or he has a lot of responsibilities where he has to spend more, then if his discretionary income starts to be generated irregularly, there is no problem even if he does DCA irregularly with that fund. Even if he does not have discretionary income in a month or week, then there is no problem if he stops investing for that month.

But if you think that you have to invest regularly, then if you do DCA overly aggressively, then that is the wrong mindset. But for those who have high expenses or have to fulfill many responsibilities in the family, it is better to keep a strong backup fund.

DCA method is the best way to invest in bitcoin and enjoy it without feeling worried of losing your money, because everything can be working in a step. When you don’t have discretionary funds, you can used the DCA pattern, because you won’t be getting money term to term to invest, so DCA is for people that have money and don’t want to lose can used the method. But they have others that don’t used that and invest high anytime they see the price of bitcoin as decrease, and they will too huge amount so to get double of there funds in a short term, and bitcoin doesn’t always works that way, but they don’t care, because they always have money to risk.

Sure, Backup funds is always important that is emergency money to keep so that anything can comes up without expecting it but when you have something on down you can easily face the problem without even touching your investment.

[DiMarxist]

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

Agree ?

The best strategy when it comes to Bitcoin related investment is to take your mind off the charts when ever you have made your investment. The reason is that Bitcoin as an asset that is speculative in nature is one that , if you put your attention and mind into after that you have invested will not make you to concentrate . The reason is the price of Bitcoin sometimes it goes up while some other times it goes down, so as far as you have invested take your mind off the price and keep to your investment plan .

Again when trying to purchase Bitcoin, it doesn't matter were you enter the market. Whether top or bottom the most important thing is how consistent one is when it comes to his investment strategy. Following up your investment strategy is one key factor that every investor should not ignore for long term profititability.

[HashRate Hero]

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

Agree ?

The best strategy when it comes to Bitcoin related investment is to take your mind off the charts when ever you have made your investment. The reason is that Bitcoin as an asset that is speculative in nature is one that , if you put your attention and mind into after that you have invested will not make you to concentrate . The reason is the price of Bitcoin sometimes it goes up while some other times it goes down, so as far as you have invested take your mind off the price and keep to your investment plan .

Again when trying to purchase Bitcoin, it doesn't matter were you enter the market. Whether top or bottom the most important thing is how consistent one is when it comes to his investment strategy. Following up your investment strategy is one key factor that every investor should not ignore for long term profititability.

Right . Trading the data, not the panic.

[Adiljutt156]

In my opinion, the most important thing when doing DCA is not only to buy Bitcoin regularly, but also to keep your own financial situation in order. Because even if you plan to hold Bitcoin for the long term, you may have to sell Bitcoin due to lack of cash if an emergency arises.

Suppose, every week someone has an extra $100 on hand after spending. If he wants, instead of spending the entire $100 in Bitcoin, he can buy $60 Bitcoin and keep the remaining $40 in an emergency fund. After 20 weeks, he will have $1,200 invested in Bitcoin, as well as $800 in cash. Then suddenly there is a need when he will be forced to sell Bitcoin, if he has $800 in hand, he will not have to sell the saved Bitcoin.

So, to me, a good DCA does not mean buying as much Bitcoin as possible. Rather, buying regularly in such an amount that even if the market goes down a lot or if a sudden expense arises, he does not have to sell Bitcoin. I think it's more effective in the long run to maintain a balance between your essential expenses, emergency funds, and extra income.

In Bitcoin investment having always financial situation in order is most important part of this investment because if someone is not checking things and having balance he can face serious troubles even he can end in terrible situation because DCA mean keep investing and having wait for your target but if someone fail to keep balance its almost near dead level with nothing is easy to have back on your good level quickly.

Peoples always workout before entry because its part of strategy they needed to be have their emergency funds into their control otherwise any time panic sell could be divested and its never been ended on favorable side DCA is having always good investment but its also needed always to done things which are helpful in long run instead of doing things which hurt you badly.

[Obari]

Except a person has another motive for buying or investing bitcoin, then I think holding for long term is alway the best and for anyone who intends to truly hold for long then, you shouldn't be bothered with short term profits because your minds ought to be fixed on what's coming ahead which is a new better price which is the new all time high price which is certain to be achieved as soon as bitcoin begins its bullish system again.
Timing the market to get a perfect buying price isn't a bad thing but I think it is not worth it especially as a long term investor, you should be focused on how to buy bitcoin at every possible opportunity that presents itself and not wanting to time the market for when the price dips which will make us miss out from buying as supposed.

[Mate2237]

If you are not trading Bitcoin then you have no reason to always check the market constantly because this is only going to give you unnecessary anxiety. It is very easy to become emotional when you always check your portfolio especially during the dip, this is the reason why even those that are considered to be experienced end up selling their coins because they eventually become scared of losing their investment.

The short term price of Bitcoin should not bother you if you are a long term holder, people that get moved by such are traders and those that are into short term investments.Stacking and logging off is what every holder that understands the market would do. If you find this difficult to do as someone that wants to invest in Bitcoin then it's better you go into trading or Short term investments.

[Tmoonz]

Except a person has another motive for buying or investing bitcoin, then I think holding for long term is alway the best and for anyone who intends to truly hold for long then, you shouldn't be bothered with short term profits because your minds ought to be fixed on what's coming ahead which is a new better price which is the new all time high price which is certain to be achieved as soon as bitcoin begins its bullish system again.
Timing the market to get a perfect buying price isn't a bad thing but I think it is not worth it especially as a long term investor, you should be focused on how to buy bitcoin at every possible opportunity that presents itself and not wanting to time the market for when the price dips which will make us miss out from buying as supposed.

Every long term investor can only be optimistic that Bitcoin is going to keep being successful in the long term including making a new all time highs, but we can't boost of this to say that it is certainly going to happen even when we believe that it has the possibilities.
Because the market is known to be unpredictable hence, timing the market to get a perfect buying price should always be seen as bad thing, the advantage of buying at every possible opportunity that presents itself is way more better than waiting or timing the market to get a perfect entering price.