Topic: Buy the DIP, and HODL! (Read 138177 times)

You got it wrong, did I ever say that someone who invests in bitcoin in the long term will sell his bitcoin when he has not made a profit? because you will not know when you can make a profit on Bitcoin, it could be 1 or 2 cycles before you can build your portfolio properly and get a decent profit from the investment you made - and at that time a person's confidence could waver because he might see that the investment he made did not experience significant growth. That's why a person needs to build his high conviction and maintain how he can invest continuously and not get caught up in short-term investments like a trading mindset.

Like I know what you mean about Bitcoin being a stable coin but someone out there might misunderstood what you are saying. In terms of stability, Bitcoin really is the most stable of them all in the crypto market. And there could be some altcoiners out there that will say that Bitcoin didn't gave them a good life but in the alts that they were lucky that they invested in too early. But I am with you, Bitcoin did gave a lot of us here a good life and that is the reason why we're sticking on it. And if there are people that still don't believe Bitcoin, soon, they will realize on how it moves the market because if it isn't for Bitcoin, we'd see all of their alts being dumped and going to the ball pit.

Bitcoin is not a stable coin because it's volatile in nature. This is why you see that thw price of bitcoin fluctuates. Bitcoin is currently $103k+, last week the price was within 93k+. Before bitcoin dipped to $92k+...the price has already reached a new ATH of $108k+. All these price movement shows that bitcoin is volatile in nature without a stable price. Currently, because we are still in the bull run, we are expecting a higher price of $150k and above as the peak price of the bull run.

USDT or USDC are stable coins because they are pegged with US dollar and fiat currencies are all stable. Their prices don't go up and down but their price is firmly fixed. Of course, bitcoin is the best of all assets currently either physical or digital because bitcoin is still in her maturing stage and the price is increasing overtime, and that's why we should have our bitcoin invest ongoing so that our bitcoin stash can reach our target in future.

Bitcoin is not a guarantee to good life, but it has the possibility of transforming your financial situation to a better one if only you invest, build grow your bitcoin stash overtime and hodli for long periods of time.

For me I would like to say for now Bitcoin is the only stable coin that can give you good life, except you don't know what to do, you said it does not guarantee you good life, take El Salvador for example, which it has helped the nation reduced it debts that is for the country, what about the individuals that accept Bitcoin has it not given them good life, which other coin do you want that is to guarantee your good life.
Gold can't be compared with Bitcoin because it has be there since inception, while Bitcoin was launched 2009 but i bet you,if Bitcoin has been available since the time of gold ,it's price would have gone beyond gold by now and you would have preferred Bitcoin than any other coin or gold in the world.

Yes, and for my personal experience, I never heard of DCA before, specially in the beginning of my "career" here back in 2017, all I heard by invest on it in the long term, and then the obvious be a trader so that you can earn from this market. But later on, I learn how to invest, I read others suggesting to do DCA to help me out, and then as I go along, there is a learning curve for me, choosing my options (e.g. weekly or monthly fixed amount), and then you will hear some saying to time the market. But with DCA you don't need that, but instead just be consistent and then buying more when the price goes down.


Right, in short just look for the bigger picture, newbies though might not understand what I'm saying, but base on my experience being in the market for at least seven years and learn a lot along the way, it's really better to be a long term holder, accumulate as much as you can, plan and set your goals and used DCA. And for me that is enough for someone to really motivate themselves into investing on Bitcoin and not do trading. We really just wanted to keep it simple here, no need to complicate it in your end. You might perceived that it is difficult, but if you survived the first couple of months doing DCA, then the rest will be smooth for you. And there are still a lot of time in our hands to invest right now!!!

Yep...

Even though long term does not take away the uncertainty or guarantee profits, we likely should recognize that shorter timelines can be even more extremely irrational in either price direction... so it can be quite presumptive if any of us are expecting short term profits or even investing into bitcoin with short term expectations of being in profits, which seems more like a trading and/or gambling mindset if we consider that we have to be in profits in less than a 4 year timeline, and we might not even be in profits during time periods that are greater than 4 years, yet if we are learning about bitcoin,  then we may well reasonably conclude that bitcoin seems to be amongst the greatest of asymmetric bets to the upside, which stil means that we could lose up to 100% of our investment, yet there are also decent asymmetric upside scenarios too that should well justify reasonable conclusions that bitcoin is a good place  to put value.. even if it is not guaranteed to be profitable, even after many years of investing into it.


Surely, you are not wrong Shadiq since many of us likely need to be careful in regards towards our being overly focused on the extent to which our BTC holdings are in profits or not, and surely there can be ways that we continue to monitor and analyze where our bitcoin investment is, and not necessarily get motivated to act on the basis of how much profits we are in or not.

I cannot proclaim that I know any solution regarding what kinds of analyzing people do with their BTC, since especially there are differences between analyzing and acting to buy or sell, so frequently we might realize that we are either still continuing to buy bitcoin no matter what and at various price points because we are early in our BTC accumulation journey, yet our own assessment regarding where we are at can become confused based on a variety of factors, and not ONLY regarding the extent to which our BTC holdings are in profits, but also in the context of our own psychological abilities to handle our own "paper wealth" and if we might need to purposefully start to diversify our bitcoin investment into other kinds of assets or currencies if we might be having difficulties mentally and/or financially handling that our bitcoin values might be fluctuating to very great levels that we had not been psychologically (and perhaps financially?) prepared to handle.

I surely don't recommend any need for beginner investors to diversify their investment in the beginning, yet there might be some need to diversify when some guys might have difficulties handling the size of their bitcoin investment might end up being several years of their salary and fluctuating to a great extent and they might not have enough value in other places (whether in back up funds or other places) in order to provide them with enough financial and/or psychological stability in order to help them in terms of some of the emotions that can come from having so much value in an asset like bitcoin that can have very extreme volatility in either direction, including dropping by 60% to 80% in short periods of time or even going up in value several times and even potentials of going up more than 10x in fairly short periods of time...and very poor people might even have more difficulties to deal with those levels of volatility, especially if bitcoin ends up constituting almost their only place of holding value (besides their various back up funds.. that also might seem inadequately sized as compared with the size of the value of their bitcoin holdings).


I doubt that any of the folks investing into bitcoin are talking about selling bitcoin as a way to accumulate bitcoin, as you seem to be implying to be a way to deal with our BTC stash and implying that profit taking is a short-to-medium term motive.

In other words, you seem to be saying some misleading kinds of things to be elevating profit taking ideas in the mixed of your implications of BTC portfolio management.


I doubt that you are presenting this idea very well, especially since you seem to be suggesting that we should be trying to play BTC price waves with parts of our BTC stash, which is difficult to be suggesting to be practical for anyone with less than a whole cycle accumulating bitcoin absent some special circumstances, even with your own timeline, going by your registration date, you are ONLY about a year and a half into bitcoin, and so you are suggesting that you have reached some kind of an overaccumulation status in such a short period of time, and you are suggesting that other similarly situated guys might be in a similar place?  I have my doubts that even your plan is a good one, absent a lot of front loading of your investment into bitcoin, and even then, you are not even characterizing your own situation in such a way, but instead seeming to overly weigh the practicality and the ability of guys to be trying to play anticipated BTC price waves without making sure that they have clearly and unambiguously reached long term (rather than some temporary perception) of actual overaccumualtion.


Of course, you are recommending buy higher and sell back cheaper, which is also known as trading, even though you are proclaiming that you are investing.  Do you even understand what you are saying?  Yes.. you seem to be presuming that smart trading is a form of investing, and sure you are free to employ those kinds of tactics with part of your BTC holdings, yet your trying to suggest that everyone should be doing this is quite presumptive, especially since you seem to be just dreaming that you can figure out how to time your own attempts to fuck around with figuring out where the tops and bottoms are going to be....and during this time that you are fucking around with trading, you think that you will just continue to buy BTC at the same time, so why the fuck would you be just spinning your wheels by selling out of one hand and buying back with the other, and why not just stay focused on buying only rather than presuming that you are smarter than everyone else and you can figure out how to play various inevitable BTC price waves?


Now, you are recommending not selling any or taking profits, but the early part of your post seems to be suggesting to take profits with part of your BTC holdings, but now you are suggesting that you are being smarter because you are ONLY planning to be selling part of your BTC holdings and not all of your BTC holdings?  Your post is confusing and seems to be internally contradicting in terms of your seeming to talk out of both sides of your mouth on this topic of how you seem to be planning your playing of our anticipated upcoming BTC price waves in the coming year or two by selling part  of your BTC and not large parts of it, and you are suggesting that you are going to play the upcoming price wave in a smart way because you are not selling large parts of your BTC, just some of it.. which comes off as a wee bit ridiculous from my reading of your confusing and internally contradicting post.


A 30-ish guy could plan to continue to invest into bitcoin, and consider that it could potentially take him 30-years or so to get to his fuck you status, and so he might still continue to invest as aggressively as he is able to invest without overdoing it, and in the meantime, at various points along the way, he can measure his investment progress, and it could well end up being that he solidly ends up meeting his goal way earlier than expected, such as getting to 45 years old and saying to himself:  "holy fucking shit, I have gotten to my goal 15 years earlier than I had expected!!!!!"   So sometimes there can be signs of progress, and we might not be able to count on such signs of progress, yet we keep plugging away, and perhaps we get some extra fortunate breaks along the way, and maybe we have a few set backs, yet if the fortunate breaks outweigh the set backs, we may well end up experiencing concrete levels of years being shaved off of our expectations.

And, I will say that even myself personally, I had set various expectations for my own finances, yet staying invested into bitcoin caused several areas in which the profit cushion of the bitcoin investment ended up being magnitudes higher than expectations, so then  the magnitudes of higher levels of BTC performance ended up having rippling effects throughout my own finances and psychology, since there could be options that come available that allow for largely still staying in bitcoin, yet moving around some of the allocations in such ways that the bitcoin holdings contributes to wealth going up in all areas, and even causing some abilities to help some other people out that I would have had never in my wildest dreams thought that I would be in a financial position to help out some other people (and not that I even want to help anyone else out, but if I ended up getting to a position that I have so much extra, it becomes really easy to just send value to some people who you know deserve the extra value and it does not really materially affect me in any kind of a negative way, so I end up just sending the extra value and getting some good feelings about it. .including that I don't even care whether they know or they thank me or anything like that).   



Sure we can keep investing regularly, yet I doubt that we should expect perfection, even though maybe we strive to balance our level of aggressiveness and the carrying out of our various financial obligations, yet there also likely will be several times that we make mistakes along the way, so then we might consider that we need to keep some larger quantities of back up funds, and other times we realize that we were being overly whimpy in our bitcoin allocations, so there likely are going to be times in which we realize that we made mistakes in how we balanced out our weekly (and/or monthly) finances, including that maybe we tried to be aggressive with our bitcoin investment, and then we thought that we were in a very good status, and then pretty soon we found out that our spouse (or our partner) is pissed off at us because we had said that we were going to pay for  the attendance of an event (perhaps with an overnight stay and even some various costs), and we had completely forgot about that event, and we had mis-budgeted since we thought that it was going to cost around $500, but then we realize that the whole package is going to cost $1,500 and so we end up having a kind of emergency that we had created since we had not sufficiently accounted for various details.. and so now all of a sudden we have a $1k shortfall in our monthly cash cushion.. and perhaps after we make that mistake, we realize that we have to draw from some of our other funds, and it is going to take us around 3 months to get our cash balances back to where they would have had been if we had not made that mistake.  Of course, there are other examples.. for example, we know that we have some business needs like a couple of computers and a couple of phones, and we usually have various funds that would be available to cover our expenses in the event that we needed to replace some of our equipment, and then perhaps we end up having some technical damage, and again, we end up having some funds to cover the expense, yet we realize that we had taken some money from one of our back up funds to buy bitcoin, and so then we end up with $1k less than what we should have had, and we have to spend about 3 months to make up for the mistake that we had caused ourself, and even though the mistake did not r3ck us, we were inconvenienced because we ended up getting  overly excited in one area of our budget and screwing up another portion of our budget.. which ends up taking us a few months to get back on track.


Sure. Governments, institutions and the practices of super rich people can be compared to the practices of more normal people of modest means, and even though some of the others might well have tools available to them that are not available to normies, we still can employ similar (and perhaps even better) practices than they are employing since we are learning as we go, and we realize that if we get a bonus at work, we may well determine that we are going to allocate a decent portion of that bonus towards buying bitcoin instead of spending it right away on consumptive items as we would have had done prior to our having had learned about the value of making sure that we stay consistent and persistent in our ongoing (and perhaps aggressive) accumulation of BTC.


Your use of the term DEX and CEX to describe wallets is a bit confusing, since the term DEX tends to refer to decentralized exchange and the term CEX is used to refer to centralize exhange.

Sometimes holding value DEX might be misleading in terms of whether the BTC is really controlled by you and if there are not any back doors into it.

I think that the better frameworks are to consider self-custodial to be preferred to third party custodial.  And the other part is open source versus closed sourced, yet even within the various categories, some times folks will still find levels of comfort in regards to the  security of their coins, yet it still can be confusing in regards to which wallets are preferred and making sure that there are not back doors into our coins, which we might not even be 100% sure, yet the more value that we accumulate, the more justification there would be to make sure that our BTC are being  held in increasingly secure ways, which could lead us into another whole area of technical discussions in which it can become difficult to figure out exact guidelines for any person regarding size of stash and the various levels of self-custody that might be achieved once there are determinations to move the value into self custody rather than in the custody of 3rd parties, and surely many of us have proclaimed that it is good to learn about self-custody and to start to employ self-custody soon after getting into bitcoin, yet some people come to bitcoin with a lot of value right from the start and others start to use various centralized exchanges prior to learning about how to self-custody their coins (or at least a large portion of their coins).



Hopefully many of us are wanting to invest into bitcoin in order to have more options down the road in terms of 4-10 years or more, yet surely there are folks who will consider bitcoin as a trade on shorter timelines, and none of us can really persuade others in terms of the goals that they might want to have in regards to both why they got into bitcoin and the extent to which they might be striving to invest into bitcoin rather than merely trading it.

Nothing wrong with having people try to describe their goals, and surely this actual thread has an implied investment angle and discussion area, and we are not really talking about trading in this thread, even though the topic of trading comes up on a fairly regular basis, including maybe suggesting that if members are wanting to talk about trading or even shitcoins, then they need to go to some other thread since this is not a trading thread, and I frequently iterate my own sense that anyone getting in bitcoin for less than 4 years is likely trading, and I have also accused people with greater than 4 year timelines of trading too, especially if they are merely thinking about getting in and out of bitcoin rather than considering bitcoin to becoming more of a lifetime venture for them, which I have personally considered that newbies coming to bitcoin may well be able to start to consider 4-10 years or longer as being more of a potential starting investing mindset as compared to someone who might come straight to bitcoin and who is thinking in shorter than 4-year timelines... but yeah, a newbie to bitcoin might not even be sure about what he thinks until going through some of his own various personal circumstances that would include him considering why he is coming to (or considering) bitcoin in the first place.

I assume you don't actually get what @Shadiq is trying to say, he isn't saying that long term investment isn't for profit making but that we shouldn't focus so much on making profits and he is saying the truth in the sense that when you focus too much on profit making while in a long-term investment, there will come times when you will feel like selling because you might have seen a huge profits from your investment so it will be bad that you sold your bitcoins just because of the profits you think you have been able to get when you have not even reach the target of your accumulation and when you sell at that point, you have reduced your holdings which even when you want to buy back it will be difficult for you because the price may be higher than the amount you sold. Sure, everyone who is investing on a long term actually have a profit target, but it does not mean that all our concentration and mindset should only set at that direction.

So what goals do you hope to achieve when investing for the long term apart from profit? Because after all, the main reason we are here is indeed maybe most will say that financial freedom is always a strong reason but that's just a refined word because in the end the purpose of investing in bitcoin is clearly profit which is always the end result of what we do here.

I don't want to be naive because I'm in bitcoin for profit but that doesn't mean I'm someone who will only see short-term gains as one of the benchmarks because in the end we have determined from the start and it depends on each of us where our goals will stop and indeed even though it is not implied but long-term investment is always one of the things that is chosen to do so that we can get optimal results and of course it refers to the profit in it. So apart from the benefits of what you expect from your long-term investment when we say we don't have to focus on that?

Exactly that's another reason why Dex wallet is the best to hold your coin, apart from your coin is more safer in Dex wallet , in Dex wallet you can also hold your coin without been tempted easily to sell your holdings. For instance you are holding on an cex wallet and due to the market recent upward movement, and you're in a good profits, and you know you can easily sell your token or holdings in cex account without any stress just by typing the amount and price you wanna sell at and punch the s button.

But when ya holding in Dex wallet you can't easily sell you will have to first send to an cex wallet first which is a bit stressful and you may endup paying fee. So when you're holding in Dex wallet you can easily focus on accumulating more without been bothered with market prices , so you can't be easily tempted especially those that are still new in bitcoin investment and haven't fully understand the system.

Because I was once like that any time am holding iny exchanges due to fee , because some times I usually gather in cex wallet first before sending to Dex just save feed. so I'm easily tempted then mostly when market is all green , but due to that i don't wanna slow down my bitcoin investment , I could easily stop my self from selling. But now I don't even bother with those stuff I just focus on building my bitcoin Stashes.

I agree with you investing sustainably would be good to do in bitcoin especially at the age of 30 where he can program discretionary income to continue buying bitcoin for the next 30 years. That's good to do because he can enjoy the results of his investment at the age of 60 and I think it would be good to apply now for anyone who wants to plan for long-term investment.

And it's true sir, building a portfolio certainly takes a lot of effort and no less than the level of perfection of DCA 4 times a month and it must be done routinely. Beginners must run investments at the beginning with full consistency to achieve better results in their first year of investing.

If I want to give an example, I still say El Salvador as the main example of executing bitcoin with full consistency because they continue to accumulate and build a portfolio very well.

For anyone starting out with Bitcoin investment what really matters is accumulating as much as possible before the next cycles , anything pertaining taking profit should be disregarded...
investing in Bitcoin should be taken for long term so even after reaching a status of having enough stashed up already  to start taking profit, investor shouldn't just sell his whole holdings at once.

The supply of Bitcoin keeps reducing over time and if everything is in place then the price should still go high due to scarcity( although other factors still majorly  influence the price) so selling all holdings at once will be dumb...
Hence,for an investor to stay in the game while he takes profit , he just need to sell small fractions out of his holding as regarding to how big his accumulation has become over time .
This doesn't stop buying but most investors at such stage will just buy dips if they wish to , could even be out of profit made since they will be buying cheaper..
The moment an investor opt-out at once , it might be very hard to buy back and this is why selling holdings high to buy back low  strategy  is not a good strategy( it fails).. investor might end up buying higher again thus loosing some funds .

I do not support focusing on profit in long-term investment. You should keep managing your investment based on your goal, this is the best goal. But if you keep calculating the amount of profit while focusing on profit, you may be tempted to sell the holding. Entering into an additional portfolio in long-term investment can become an obstacle to your long-term investment.

Humans are greedy. If you keep prolonging your investment depending on profit, then it may be a bit difficult to make your investment long-term. I do not know exactly how you are defining this goal, but I can say that such a goal may not be positive for long-term investment. For me, holding an investment for a long time depending on profit is absolutely impossible. Because when the goal is profit, I will keep monitoring my portfolio frequently. As a human being, it is normal to be tempted by a small profit and such a goal is enough to sell my investment at a small profit. My advice would be to leave your wallet in a safe place and ignore it while investing. You can set a specific time or amount as your goal. Try to stay away from your wallet until you reach your goal, use it only when buying and ignore it the rest of the time.

Your argument is really meaningless here, you already saw where he said hold for a very long time until you see profit. He didn't say sell in a short time when you see little profit, or did he say that?  There is a higher probability that when you hold your bitcoin for a long time you are likely going to see profit. So don't try and contradict yourself here okay. The profit you will see in a short time can't be compared with the profit that you will see in a long time. So when he said hold for a long time, he did not in any way advise you to sell as soon as you see little profit in a short time. His sentences where well structured and easy to understand. So I don't know why you are getting yourself confused.

We can discuss what Bitcoin is and how to invest in Bitcoin for forum members to understand and comprehend it. However, a person with limited knowledge about Bitcoin, who sees it as a get-rich-quick scheme, and has lost money in Bitcoin, will likely spread negative views about it. Since this person is not part of the forum, they will certainly spread negative propaganda. How can we stop their negative promotion and bring them back to a positive mindset?

Perhaps if they come to us for discussion about Bitcoin, we can provide them with honest advice. However, as long as a country's government or societal system does not promote or allow Bitcoin to be seen positively, Bitcoin may not gain widespread acceptance outside of the forum. Many governments in various countries spread negative propaganda about Bitcoin.

However, for newcomers to the forum, there are ways to learn about Bitcoin. They should never view Bitcoin as a quick way to get rich or buy Bitcoin through short-term and impulsive strategies. This is because Bitcoin might not bring immediate happiness or expected profits in the short term. In the short term, there is a high chance of losing money, which can be disappointing. As advice, I would suggest holding Bitcoin for the long term (4-10 years or more). Over the long term, there is a higher probability of substantial returns, which may make you happy.

Of course level of profits may well be a factor, and surely most folks are going to prefer to be in profits, yet if someone might invest into something like bitcoin, it could well end up playing out that their holdings are not in profits for 4-10 years or maybe even longer, and so if we have a long term investment, we are calculating that it is more likely that we will be in profits rather than not being in profits, yet we are likely investing based on a kind of believe that our investment is inclined towards going up.. yet we could get drug through extended periods of negativity, and unless our investment thesis is broken we still may well not be selling, even if the total of our holdings is in the negative, and we may well continue to buy for long periods of time that our investment is in the negative, especially if we conclude that our reason for investing had not been broken... which sometimes can also be difficult to know since negative price performance can frequently shake people out of their commitment or their losing their conviction about the investment.. which also takes us back towards some needs to build conviction about our investment, even if we might not know a lot about the investment at the time we get started investing and we hopefully learn information and build our conviction with the passage of time, and if we are not sure about an investment, we may well need to make sure that we temper the amount of our investment into it until we are gaining more conviction about the investment then we likely can continue to increase the amount that we are investing into it.

People can become confused about their own level of conviction and why they invested into something, yet the view of the asset is ONLY one of the nine factors, and other factors to consider when investing into bitcoin would also need to be part of the formula for figuring how much to put into bitcoin based on various personal financial (cashflow) and psychological considerations.


It could take a person 10-15 years or longer to just build a decent portfolio size, since even a person who had been investing 10% of his income into bitcoin, it will take 10 years to just get to a point of having had invested a whole year into bitcoin, so how aggressive a person is investing and also how the underlying asset performs (in this case bitcoin) can take a decently long time to build and start to feel as if the BTC portfolio size is starting to become a sizable investment amount that reaches a level in which the person might start to be able to lessen his level of ongoing investment into it.

Bitcoin deposit should be a requirement for newbies/every investors. It is a way for investors to achieve financial stability now and in the future. While it should be a major consideration for investment there are other factors you should consider when giving Bitcoin an additional priority over the main things you consider. Mental preparation to accumulate Bitcoin continuously and the desire to earn high profits from multiple cycles are the reliable sources of discretionary income. The success of long term DCAing on top of having a reliable source of income which is at the same time the importance of maintaining of floating cash. Long term DCAing should not be tiring for us and we should build Bitcoin holding  that grows proportionally to the growth of real assets.

There are many who see Bitcoin as a way to get rich quick, and they invest in Bitcoin for 6 to 8 months or 1 year, which is a very wrong idea. As a result, they end up losing more at that stage, it is very normal for the market to have ups and downs, and due to this volatility, Bitcoin can naturally dump in the short term.
It is very difficult to make short-term profits from Bitcoin, although it is not impossible to make short-term profits, but the possibility of it being pumped in the short term is very low, which is much more likely to be pumped in the long term. That is why those who Those who know the real potential of Bitcoin, follow the DCA method and invest regularly in the long term, they never worry about the short-term volatility of the market, or they do not take profits by selling their holdings in the short-term pumping, their main objective is to create a large financial base in the long term.
There are also investors who will just keep holding for the next 10 to 12 years from now (without worrying about the price). And even if Bitcoin crosses $500K in the middle, they will not want to sell their holdings, they will want to hold there bitcoin for 12 years or 3 cycles to complete.
Only they will achieve such success in the future, and that success will completely change their lives and financial situation.
Those who will invest with the right knowledge and patience and hold for the long term, will be able to enjoy the real success of Bitcoin.

You're right, long-term bitcoin investors don't need to be fixated on falling prices to make purchases. Because if you wait for the price to fall before making a purchase, in my opinion this could damage the momentum of investing as early as possible. Because for example someone is going to invest in bitcoin, but because the price of bitcoin is currently rising, that person decides to postpone their investment until bitcoin experiences a significant decline. Meanwhile, as you said, no one knows for sure when the price of bitcoin will rise or fall. Therefore, people who delay investing in bitcoin also don't know when they can start buying bitcoin. Because he also doesn't know when the price of bitcoin will fall. So waiting and waiting is what such a person will do.

Therefore, anyone who wants to invest in bitcoin, starting as early as possible when they already have cold money is the most appropriate thing. Because as we know, long-term investment in Bitcoin will still provide very promising profits at whatever price we buy the Bitcoin. So doing the DCA technique is the right solution in bitcoin. But instilling thoughts like this is not an easy thing, especially for beginners who are starting to invest. Because as humans we have fear, and this is a big barrier to fully believing in bitcoin. Because according to my assumption, people who wait for the price to fall first to start investing, it could be said that such people still have a lot of doubts about Bitcoin. And according to my personal experience, it takes time to be able to turn that doubt into belief.

Bitcoin is still the main thing that must be suggested to beginners and also to everyone even though everyone still has their own thoughts on investment. But for advice like what you said it is very right and very true to be well received by everyone by implementing one of its best methods even though in general the DCA method is very good to run for those who want to try investing in Bitcoin. Your suggestion is not wrong at all in this regard and preaching about Bitcoin should still be considered the best direction without getting tired because it can definitely trigger more people to like Bitcoin to the point of making them buy it non-stop.

Those set of people only care about quick profits and only invested because of how they heard people making money from it. They believe they can just come in and make a quick profit without really caring to understand bitcoin investment properly and when it doesn’t end well for them they are the ones who go on to spread negative words about bitcoin because they didn’t carefully plan their investment. There are ups and downs in bitcoin investment as the price will appreciate and depreciate so to beat the market easily one should focus on long term investment and accumulate bitcoin using DCA strategy that way you are eliminating volatility of the market from your worries and since bitcoin has proven itself over the years long term investment is the best for you.