Topic: Best time to get rich now soon bull run will start best time to dca - page 2. (Read 755 times)

When you say 'is this for real' , I'm not sure if you are referring on the pic you attached, or on what the OP have said, but if it's about what the OP have said, I think that's not true. To become rich through investing on them is not easy.

The only difference is that when you invest in non-meme coins, you will earn slowly/small but consistent profits and many people can still enjoy a scenario like this, while for those meme coin investors, the chance for us to earn on them is only slim but if in case we do and get lucky, the returns that we can get can also be massive that can be enough for one to become rich. If it's about the pic that you've attached, I think it was legit, since the source of it is Forbes and you can also go on Forbes and find the news/article there for confirmation.

Meanwhile, Wars and News related to it are not a new thing anymore, though yeah that it can affect the decision of some people. It's not that they are afraid or what but some uses this as an indication in order to gain an advantage on their investments. Speaking of investments, the act of ' buying at lows ' ( and selling at highs ) is always the golden rule when investing, so it always make sense even if in this era where DCA is now gaining a momentum.

I can see that you are not buying at the dips nor doing a DCA but that's you and I still respect that. They also say that we must follow or do if where we are comfortable at and of course, as long as we are still benefiting with it.

From what I've seen with BTC it becomes volatile before it breaks any ceiling to the price.  So its possible to feel like selling just before it gains alot, its never that easy to know when BTC will do best.

  All I mean that simply is we just made a lower low in the BTC price action, we might have to test near 50k prices before we finally beat 70k.   When I track the high and low prices in the weekly bars I see an ascension in the range, we are expanding not contracting hence volatility is apparent?


'Best Time'  - another clue to look for is volume peaking, in March we had a peak in volume it appears.   Now we do not have that high volume in trades, despite some rapid moves recently.   If you want perfect timing then multiple factors are needed for adjustment.

The "weak hands" getting out of markets is actually a bearish sign and a sign of the price going down. We need more "weak hands" and more newbies to join the markets in order to pump the prices.
33 days from August 3rd? You mean September 5th? What will happen on this date? I don't know about any important crypto events, that will trigger a massive crypto bull run on September 5th. Maybe you should share with us your secret information. Or maybe you are just speculating and lying about this huge bull run.
What do you mean by "getting rich"? Investing 10K, waiting for the price to 10x and making 100K? A person with 100K USD isn't rich, if you ask me.

We have an expectation for a bull run and a tendency to take high profits while keeping investments as tight as possible. To meet expectations, we recommend increasing stashing regularly and taking care of our holdings. There is speculation among investors about the value of Bitcoin, but following the DCA method is a reliable way of all speculation. This method is an alternative income system to accumulate bitcoins at regular intervals and continue for a long time.

You should not pressure yourself to accumulate bitcoins as this may negatively affect normal household expenses and you may reduce the amount of real assets that may not be practical to invest in bitcoins. It is recommended to have more real assets and floating cash than your investments.

We have our own speculation as when and what will be the price in this bull run and it's 6 digits, but we are not sure if it is going to be reach at the end of this year or in 2025. So still good that we have this kind of "assumptions" so that our mindset is just continue to accumulate as much as we can at the current market price and then look at the bigger picture by going long.

I do agree that we should be doing DCA, or just save enough, as much as we can buy before the bull run that we are looking eventually happen. I know that it's tough because it's going to be hard and grind from us. Nevertheless thinking of the potential upside might motivate us to be mentally strong and DCA every week.

There are two things I want to speak about here first being about the bull run I think we have already been through a bullish phase where we have seen Bitcoin increasing from $15k to breaching $72k and i repeat no one can guarantee when exactly we will have the bull run like we had previously as what we have witnessed this time is slightly different extended bullish market I mean if you look at the Bitcoin price now and compare with the price it was trending before an year you will know the difference. DCA is the best option which I have been doing for over a year now it has given good returns and not stressful as trading. Secondly, I would advice everyone not to burn their hands with memecoins because the success ratio is very less and we only hear about one or two projects which succeeds but fail to consider thousand aof projects which faila hence possibility of getting rich through memecoin is less and I don't consider it as crypto rather a gambling with very thin probability of winning.

That's good advice to hear, but everyone will come and get speculation.
The price of bitcoin has grown by more than 11% in the last 7 days, while the price is still quite low in the 14-day span. The price is still quite low compared to 14 days ago, which means the opportunity for accumulation is still very open, so they need to consider buying. DCA certainly needs to be considered, but I don't mind if they buy all at once. It's up to them and their approach.

There's no point predicting when will be the next bull run simply because it will certainly happen in due time, the problem is no one knows when it's going to happen. Now, while there is opportunity to DCA seeing the market is in lower position, then let's maximize buying bitcoin if we are able to. But if not, it's better just leave your coins in your safe wallet and hold them until you're capable of hodling.

There is always an opportunity to invest and there is always an opportunity to increase investment. The period we are currently experiencing in the market is the dip season. Basically, taking advantage of this dip season, investors buy bitcoins hoping to get higher returns on their investments during the bullish season.
Maybe the OP is trying to tell us that now that the market is going through a dip season buy now and hold for the future. So that when the Bitcoin price rebounds you can profit and reach your specific goal that the OP compared to getting rich.

If we take a close look at the Bitcoin price history, we can see that there has been a bullish start after every dip season. For example, not too long ago in 2023, we saw a dire market situation when Bitcoin hit a very low level. From there, the price of Bitcoin went up and touched an all-time high.

A bullish trend of this market is generally seen in the last quarter of the year. As such Market may be bullish in this time. But there is no way to say that it will continue in the same way as that previous year. Market may also show its bullishness form next year rather than this year. But nothing can be said for certainly. But if you look at the history of crypto markets, this period will be most positive for investment.

There is no guarantee of how much profit an investor can make. If his research is good and luck favor him, he can get 100 times his investment or more. But he has to choose which one will be profitable for him. At the end of every year crypto currency bull market is seen as it is advisable to increase investment from now.

the call for DCA when bitcoin was dropping significantly back then could be a game changer for some, definitely lowering the average cost by significant margin making our portfolio in better position.

on the other hand the spot people already getting profit right now since the recovery is just that fast, just a day and we already recovered from sub $55k to $63k already there's no stopping bitcoin.
but I will refrain from accumulating for DCA right now, the support is not strong enough, maybe after sometime if BTC just keep holding current price i will add some money to my DCA just in case there gonna be bullrun.

Seems that is what OP really wants to mean, it's like for every dump you just buy and become DCA. But you cannot say it will always be profitable to do it because no one knows if we will still create new all-time highs or if we will have a long sideways or dumps.
If you DCA, you need to be patient here and have a long-term perspective if you want to make good profits off from your buy orders.

This is what also I have observed in the market, most particularly that it was also my personal experience. Through DCA, we can always create an edge over the market opportunities, but can we always make it happen? I doubt that all of those who suggest DCA have actually fulfilled it, unless if all of us have actually reserved enough funds for those type of market scenario.

For me, majority are still hodling during this time and are aren't buying, not only because they don't have reserved funds, but also it's not a smart move always to keep on buying while seeing your investment dropping its value. Invest what you can afford to lose and hold, that's the only way we will get through this.

The fact that its 60k right now shows the world that we are dealing with something that's actually what we think it would do, and not a shocker at all, we knew that this would happen. Every drop is followed by recovery, and its common. One thing I have to say, its not done and we can make a quick %10 still, it may reach 66k, and that means a %10 profit, very quickly. I never support leverage, but a good spot return is always welcomed. Of course I could also be wrong and the price could drop, we still don't know whats going to happen. We are just predicting and speculating here.

I actually read that many users suggest DCA during market corrections, but I'm afraid they don't actually do it.
Of course DCA is the best choice to build an investment portfolio, but sometimes we can find users only suggest to other users while they don't do it for various reasons. One of the most phenomenal reasons is because of fear, but generally because of not having a reserve budget.

I say this based on personal experience, of course because I can't always accumulate when I have the opportunity. Maximizing market conditions to build an investment portfolio is of course what I hope for, but sometimes we have to give up and ignore it due to budget inability. Without a reserve budget, investors will have difficulty accumulating when the market gives them opportunities, in the end they have to give up on the situation.

No one can say exactly when the upcoming bull run will begin. But we hope to see a bull run soon. But you don't lose money by investing in different altcoins hoping for more profit. If no one has invested yet then if you want to invest then invest in Bitcoin because the price of Bitcoin has dropped a lot. Currently the price of Bitcoin is down so there is an opportunity for those who have not invested. If you expect short-term gains, invest early, because the bull run will begin soon. We know that the best strategy to invest in Bitcoin is to continue investing for the long term using the DCA method. Now if you start investing in DCA method then you will not have chance to continue DCA for long. However, invest according to your ability. You should have the ability to hold your investment for the long term.

I guess we are already in the bull run or at least we have seen 1st phase of it a few months ago and there's chance to see it again in coming months.

I agree that many people will make life changing money by holding their investments as if another phase of bull run takes place then most altcoins will gain 2x to 10x value within weeks.

I'm still holding my assets and surely if I get 2x to 4x profit then I'll sell 75% of my holdings or sell 100% of it as that would allow me to enjoy few years.

This is what sometimes makes everyone too aggressive to start and will feel cheated when in crypto because in the end we only rely on profits and wealth in a short time which makes us not realize the risks that will be owned.  We are too fixated on the idea that being in crypto can get huge profits in a short time but we don't want to know about the risks and be ready to lose when the expectations are not quite in line with existing expectations.

It's not wrong when we talk about profits and bull runs can be a pretty good momentum but on the other hand it doesn't mean that bull runs are always a benchmark that we will make big profits because after all we have to realize that in the end when talking about investing, the longer term and being ready for all the risks of losing must still be owned and the mindset that being in crypto to make this a place for wealth in a short time must slowly change.

Any investor buying bitcoin now with the intention of getting rich when the proper bull starts should not accumulate bitcoin with the DCA strategy. Before the investor can accumulate enough bitcoin that will make him or her rich, the bull run will be over, and the investor will be left with the option of holding his bitcoin for long-term purposes. If any investor wants to buy bitcoin now for a short-term profit before the bull run ends, the lump-sum strategy is the best option for that investor to adopt. The lump-sum strategy allows investors to easily accumulate the quantity of bitcoin they want to hold; this will help them relax and be ready for the bull run.

It is true that the period we are in is the pre-bull market moment. Because this is the best time to invest if you want to be rich and build a lot of money then definitely invest in Bitcoin. But I want to say that it is impossible to say exactly when the time will come, at any time the Bitcoin market may rise. Because it is not specified yet which month Bitcoin price will pump the highest, now is the best time to invest since Bitcoin is dumping now.