Have you imagined that you started accumulating your Bitcoin in the last five years? Would you have been in a loss or profit by now? I know sometimes we want to practice all the theories we've read in business books regarding counting the possible risk involved in a business or investment opportunity before ever venturing into it and it's totally okay to know that their are risk involved in every investment but it should never stand as an hindrance to stoping you from investing or put you in a possible to always expect losses along your investment period
well said, there's no investment that there's no risk attached, there's a reason why risk tolerance is number 6 of the 9 principle individual factors . So yeah there are risk in Bitcoin investment, but it can be easily minimise with proper plannings and all that , like engaging in long-term investment in Bitcoin as also help to reduce the risk . Because that chancea of one selling his long-term holding in losses is pretty low comparing to those that normally base in short-term profits alone. That why most time is best to encourage someone to engage in long-term holding than short-terms. Just as you said , imagine those that started their accumulation five years back imagine the profit they have Made (depending on the number coins they have accumulated so far though). But you can see that chances of them selling in loss is damn low, because they embark on long-term holding . 
Topic: Buy the DIP, and HODL! - page 305. (Read 137325 times)
When it comes to bitcoin investment, those who hold bitcoin for the long term are always in good profit because bitcoin price will always go high. For instance, imagine both of us accumulating 0.05 BTC each with $1500 when Bitcoin was at $30k. When the bitcoin price rises to $50k you decide to sell your bitcoin and start a business with the profit. And I continued to hold my bitcoin until now, when the price is at $70k. If I decide to sell my bitcoin, I will make a better profit than you.
That is a reflection of the time that most people waste because when prices go down they panic and the lucky ones are those who buy when prices go down. We have seen BTC performance so strong and of course every downturn that occurred in the past is a happy memory for those who bought at that time. Looking ahead, we must stick to our plans, namely continuing to buy without fear, now is not the right time to wait because every delay is just a regret in the end.Bitcoin halving is getting closer, that is, in the future Bitcoin will be increasingly scarce because miners will get smaller rewards. So you can imagine that the circulation of Bitcoin will become smaller and slowly Bitcoin will become increasingly scarce. It's not our target of $100k but that's many people's dream of $100k. I can even refer to the fact that if bitcoin becomes increasingly scarce then the price of bitcoin could reach $500k someday. Be patient and continue to hold your Bitcoin holdings.
You are actually right on this, if you look at the historical price of Bitcoin over the years, it has practically gotten better with age, it has behaved like a fine 🍷 wine, so it's even more likely that the more you hold unto your Bitcoin investment, the more you make more money out of it, so to me, sometimes I feel sorry for those that sold now, even though they sold at a profit, because the actual price of Bitcoin is no where near it current price like in 5 years time from now, and I also believe that due to it limited supply, it's a certainty that at some point, it price will skyrocket to a figure that even we, it supporter never expected.
At some point I feel the need for us to be mindful of our choice of words, in order for us to give an information that will not be misleading, I believe that the only thing will could do is to speculate about the ups and down movement of Bitcoin and there is no certainty as to this regards just as you have stated earlier.
The market is filled with uncertainty that is to say it also has risk assessment though there is a lower risk when it comes to Bitcoin investment.
and you go on to do future speculation based on the curent level of adoption and what might possibly take place in the future, their is every assurance that you will be in profit if you buy from this moment. The rate of adoption is obviously increasingly high and the demand and number of investors are increasing on a regular bases which will in turn contribute to the increase in the price of Bitcoin. I know that it's never a 100% guarantee that you must be profitable if you invest for a period of five years but you can confidently take this from me as someone that believes that Bitcoin isn't a ponzi scheme to ever do a trial and error kind of investment with, and I am confidently telling you that if you continue accumulating from now using whatever strategy that works well for you, you will be in profit in a next five years.
Have you imagined that you started accumulating your Bitcoin in the last five years? Would you have been in a loss or profit by now? I know sometimes we want to practice all the theories we've read in business books regarding counting the possible risk involved in a business or investment opportunity before ever venturing into it and it's totally okay to know that their are risk involved in every investment but it should never stand as an hindrance to stoping you from investing or put you in a possible to always expect losses along your investment period.
Most importantly every bitcoin investor should know that Bitcoin is an investment that is invented for long term purpose, so as an investor you have position your mind in the long-term benefit because you may not be able to achieve your goals within a short period of time, choose bitcoin, choose buying and forgetting for a long term holding.
I understand that as long as we are considering buying Bitcoin for the sake of the profit we intend getting out of it, long term holding is always going to be preferable to any other options like short term investment but let's get the fact right that Bitcoin was not invented for only the long term bases. There are people that don't buy Bitcoin because they necessarily want to make any huge profit out of thier holdings, for some, it might just be a perfect option to save their fiat such that inflation doesn't affect it and even though they are able to leave it for a year or two, it might work well for them. But for us here that are interested in making good profit out of our investment, there is no two ways about it and I totally agree with you that long term investment is the best way to go if we want yo make profit out of it.
Yeah bitcoin wasn't really created as an investment opportunity but as it is I'll rather say this is the stage of adoption of bitcoin that we are in now, people have to get attracted to something new through a part of it and at this point investing in bitcoin as an asset, bitcoin also offers a lot more than just profits, they are a lot of other empowerment that it offers.
- As a good means to store value: fait is continually beign printed everyday and this means that it has an infinite supply and therefore due to the law of scarcity fait is flawed cause it is always readily available and the value would continue to decrease, but bitcoin on the other hand has a fixed supply so you should worry less about inflation of Value,
For instance if you save your money in fait like having 30$ in the bank and you keep for 2 years when you come to your money , it won't be worth as much as it was when you kept it cause inflation would have eaten a lot of its value up since more money has been printed since youblast kept your money, but if you kept 30$ in Bitcoin, not only would it appreciate in value but it would also retain that 30$ value that it once had, so 30$ in Bitcoin is better than 30$ in fait, so this is also one of the other empowerment that it offers.
You can add privacy to that list and many others.
It's good we make it plain that the reason why you're accumulating or investing in Bitcoin will not be the same reason why the next person is doing his and this will go a long way in shaping how he goes about with his investment and how long he desires to hold and remain in profit before selling his holding.
Again.. you can do whatever the fuck you like, but you don't really seem to understand bitcoin very well if you think that it would be prudent, smart and/or practical to plan to sell large amounts of your BTC whether it is for consumption purposes or for investing into other kinds of assets/currencies.
Of course, there are ways to maintain and to manage your BTC holdings that could involve some selling, but planning to sell large amounts of it seem to be failing/refusing to appreciate what bitcoin is.
It's good we make it plain that the reason why you're accumulating or investing in Bitcoin will not be the same reason why the next person is doing his and this will go a long way in shaping how he goes about with his investment and how long he desires to hold and remain in profit before selling his holding.
Again.. you can do whatever the fuck you like, but you don't really seem to understand bitcoin very well if you think that it would be prudent, smart and/or practical to plan to sell large amounts of your BTC whether it is for consumption purposes or for investing into other kinds of assets/currencies.
Of course, there are ways to maintain and to manage your BTC holdings that could involve some selling, but planning to sell large amounts of it seem to be failing/refusing to appreciate what bitcoin is.
I think it's quite a different topic that Jay is talking about here, it's not really about those that sell their bitcoin so ealry and missout on the possibility of bitcoin compounding in value but rather those that has already reached let's say a considerable amount of bitcoin in their stash and has been accumulating for up to 10-20 years and now want to sell of all their bitcoin for one purpose or another instead of understanding the fact that they could actually start getting some dividends from their mature bitcoin investment by applying some withdrawal methods that would be applied in a way that they won't be selling to much of their bitcoin and would also be maintaining its value in a certain way as he explained in his Jay's sustainable withdrawal method thread.
IMO I think the idea is not even about reaching or accumulating so much bitcoin just to sell again but to have your value stored in bitcoin as an asset just like having properties or lands or maybe shares from a company, and like other asset that are able to give dividends or return of investment, bitcoin also has the ability to do so, all we need to do is find out how we can actually achieve this.
Most importantly every bitcoin investor should know that Bitcoin is an investment that is invented for long term purpose, so as an investor you have position your mind in the long-term benefit because you may not be able to achieve your goals within a short period of time, choose bitcoin, choose buying and forgetting for a long term holding.
I understand that as long as we are considering buying Bitcoin for the sake of the profit we intend getting out of it, long term holding is always going to be preferable to any other options like short term investment but let's get the fact right that Bitcoin was not invented for only the long term bases. There are people that don't buy Bitcoin because they necessarily want to make any huge profit out of thier holdings, for some, it might just be a perfect option to save their fiat such that inflation doesn't affect it and even though they are able to leave it for a year or two, it might work well for them. But for us here that are interested in making good profit out of our investment, there is no two ways about it and I totally agree with you that long term investment is the best way to go if we want yo make profit out of it.
Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.
it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment.You are actually right on this, if you look at the historical price of Bitcoin over the years, it has practically gotten better with age, it has behaved like a fine 🍷 wine, so it's even more likely that the more you hold unto your Bitcoin investment, the more you make more money out of it, so to me, sometimes I feel sorry for those that sold now, even though they sold at a profit, because the actual price of Bitcoin is no where near it current price like in 5 years time from now, and I also believe that due to it limited supply, it's a certainty that at some point, it price will skyrocket to a figure that even we, it supporter never expected.
They can find time to start investing by learning about it. Without doing that, they won't find the right time. Even if they are beginners in investing, they can find moments when investing.
They have to pay attention to how much money they can use to start investing. Otherwise, they will have difficulty persisting in investing. They must also be able to anticipate the possibility of losing money investing in Bitcoin, especially if the price of Bitcoin declines.
But if they don't panic and can be patient, they will see an increase in profits when the price of Bitcoin increases again. Risk exists, so we must learn how to minimize it.
Money management in investing is certainly very necessary, especially if we have a tight budget, so to consider this we have to manage it as best as possible. This is indeed the most important part in starting an investment because if you cannot manage your finances as well as possible then the investment we make could stop midway.They have to pay attention to how much money they can use to start investing. Otherwise, they will have difficulty persisting in investing. They must also be able to anticipate the possibility of losing money investing in Bitcoin, especially if the price of Bitcoin declines.
But if they don't panic and can be patient, they will see an increase in profits when the price of Bitcoin increases again. Risk exists, so we must learn how to minimize it.
Bitcoin has indeed become a new foundation in choices for long-term investment, so it is not surprising that both teenagers and those who are old choose Bitcoin as an asset for their old age. Yes, profits will come if you are satisfied with Bitcoin ownership and at that time if you are satisfied you can reap the rewards by cashing out into fiat and buying what you have been dreaming of such as a luxury house or luxury car.
As an investor in bitcoin first of all you should consider if you can endure and be patient if some events occur, if you are not an investor that has other ways you earn, you have to be very reserved in spending to avoid being tempted to think of withdrawing your asset, that's why it is advisable for investors curtail there expenses if they are the type that spends much, emergency fund should be available always so that it can be used to handle some expenses when the need arises.
Most importantly every bitcoin investor should know that Bitcoin is an investment that is invented for long term purpose, so as an investor you have position your mind in the long-term benefit because you may not be able to achieve your goals within a short period of time, choose bitcoin, choose buying and forgetting for a long term holding.
You are actually right on this, if you look at the historical price of Bitcoin over the years, it has practically gotten better with age, it has behaved like a fine 🍷 wine, so it's even more likely that the more you hold unto your Bitcoin investment, the more you make more money out of it, so to me, sometimes I feel sorry for those that sold now, even though they sold at a profit, because the actual price of Bitcoin is no where near it current price like in 5 years time from now, and I also believe that due to it limited supply, it's a certainty that at some point, it price will skyrocket to a figure that even we, it supporter never expected.
At some point I feel the need for us to be mindful of our choice of words, in order for us to give an information that will not be misleading, I believe that the only thing will could do is to speculate about the ups and down movement of Bitcoin and there is no certainty as to this regards just as you have stated earlier.
The market is filled with uncertainty that is to say it also has risk assessment though there is a lower risk when it comes to Bitcoin investment.
You are actually right on this, if you look at the historical price of Bitcoin over the years, it has practically gotten better with age, it has behaved like a fine 🍷 wine, so it's even more likely that the more you hold unto your Bitcoin investment, the more you make more money out of it, so to me, sometimes I feel sorry for those that sold now, even though they sold at a profit, because the actual price of Bitcoin is no where near it current price like in 5 years time from now, and I also believe that due to it limited supply, it's a certainty that at some point, it price will skyrocket to a figure that even we, it supporter never expected.
You are actually right on this, if you look at the historical price of Bitcoin over the years, it has practically gotten better with age, it has behaved like a fine 🍷 wine, so it's even more likely that the more you hold unto your Bitcoin investment, the more you make more money out of it, so to me, sometimes I feel sorry for those that sold now, even though they sold at a profit, because the actual price of Bitcoin is no where near it current price like in 5 years time from now, and I also believe that due to it limited supply, it's a certainty that at some point, it price will skyrocket to a figure that even we, it supporter never expected.
At some point I feel the need for us to be mindful of our choice of words, in order for us to give an information that will not be misleading, I believe that the only thing will could do is to speculate about the ups and down movement of Bitcoin and there is no certainty as to this regards just as you have stated earlier.
The market is filled with uncertainty that is to say it also has risk assessment though there is a lower risk when it comes to Bitcoin investment.
They can find time to start investing by learning about it. Without doing that, they won't find the right time. Even if they are beginners in investing, they can find moments when investing.
They have to pay attention to how much money they can use to start investing. Otherwise, they will have difficulty persisting in investing. They must also be able to anticipate the possibility of losing money investing in Bitcoin, especially if the price of Bitcoin declines.
But if they don't panic and can be patient, they will see an increase in profits when the price of Bitcoin increases again. Risk exists, so we must learn how to minimize it.
Money management in investing is certainly very necessary, especially if we have a tight budget, so to consider this we have to manage it as best as possible. This is indeed the most important part in starting an investment because if you cannot manage your finances as well as possible then the investment we make could stop midway.They have to pay attention to how much money they can use to start investing. Otherwise, they will have difficulty persisting in investing. They must also be able to anticipate the possibility of losing money investing in Bitcoin, especially if the price of Bitcoin declines.
But if they don't panic and can be patient, they will see an increase in profits when the price of Bitcoin increases again. Risk exists, so we must learn how to minimize it.
Bitcoin has indeed become a new foundation in choices for long-term investment, so it is not surprising that both teenagers and those who are old choose Bitcoin as an asset for their old age. Yes, profits will come if you are satisfied with Bitcoin ownership and at that time if you are satisfied you can reap the rewards by cashing out into fiat and buying what you have been dreaming of such as a luxury house or luxury car.
As an investor in bitcoin first of all you should consider if you can endure and be patient if some events occur, if you are not an investor that has other ways you earn, you have to be very reserved in spending to avoid being tempted to think of withdrawing your asset, that's why it is advisable for investors curtail there expenses if they are the type that spends much, emergency fund should be available always so that it can be used to handle some expenses when the need arises.
Most importantly every bitcoin investor should know that Bitcoin is an investment that is invented for long term purpose, so as an investor you have position your mind in the long-term benefit because you may not be able to achieve your goals within a short period of time, choose bitcoin, choose buying and forgetting for a long term holding.
They can find time to start investing by learning about it. Without doing that, they won't find the right time. Even if they are beginners in investing, they can find moments when investing.
They have to pay attention to how much money they can use to start investing. Otherwise, they will have difficulty persisting in investing. They must also be able to anticipate the possibility of losing money investing in Bitcoin, especially if the price of Bitcoin declines.
But if they don't panic and can be patient, they will see an increase in profits when the price of Bitcoin increases again. Risk exists, so we must learn how to minimize it.
Money management in investing is certainly very necessary, especially if we have a tight budget, so to consider this we have to manage it as best as possible. This is indeed the most important part in starting an investment because if you cannot manage your finances as well as possible then the investment we make could stop midway.They have to pay attention to how much money they can use to start investing. Otherwise, they will have difficulty persisting in investing. They must also be able to anticipate the possibility of losing money investing in Bitcoin, especially if the price of Bitcoin declines.
But if they don't panic and can be patient, they will see an increase in profits when the price of Bitcoin increases again. Risk exists, so we must learn how to minimize it.
Bitcoin has indeed become a new foundation in choices for long-term investment, so it is not surprising that both teenagers and those who are old choose Bitcoin as an asset for their old age. Yes, profits will come if you are satisfied with Bitcoin ownership and at that time if you are satisfied you can reap the rewards by cashing out into fiat and buying what you have been dreaming of such as a luxury house or luxury car.
I agree more not the cornerstone of investment but a new standard of investment for those of us who understand economic turmoil and fiat fraud, in general you will benefit if you continue to hold bitcoin, yes at least your wealth is not eroded by inflation which continues to be high because the government continues to print money, as long as the government continues to print money then having bitcoin while as a shield of value theft by the government and because that is also why the price of bitcoin continues to rise every cycle, holding fiat is more risky than holding bitcoin.
Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.
it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment.You are actually right on this, if you look at the historical price of Bitcoin over the years, it has practically gotten better with age, it has behaved like a fine 🍷 wine, so it's even more likely that the more you hold unto your Bitcoin investment, the more you make more money out of it, so to me, sometimes I feel sorry for those that sold now, even though they sold at a profit, because the actual price of Bitcoin is no where near it current price like in 5 years time from now, and I also believe that due to it limited supply, it's a certainty that at some point, it price will skyrocket to a figure that even we, it supporter never expected.
Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.
it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment.Traders can never be considered as an investor because they don't hold a particular asset for long because they are there moving their assets from exchange to exchange seeking for coin and shitcoin to buy that could possibly give them 2x 10x, and possibly 100x within the period of their investments. They don't care if bitcoin gets whatever amount what they think is the little profits they scratching up from their trade, and of course the best assets to hold is bitcoin currently they won't know what they are doing because they thought price of bitcoin could continue to be this cheaper as they think, and the best place to sink their capital is bitcoin.
I really don't think you get the clear picture of trading bro, when you talk about trading, you are definitely talking about the future market, which is totally different from buying, holding and selling when the coin you bought has appreciate, and that is the spot market, in the spot market you can't lose your money as long as you don't sell.And who told you don't lose your money in spot market if you don't trade, okay go buy shitcoin in spot market and don't trade it allow it to be there maybe during bear season if your holdings in shitcoin won't goes to zero.
The likelihood of your assets turning to zero depends on the kind of coin you are holding and I guess you are the one misquoting yourself not me. As I said before bitcoin still remains the best coin to hold for long.
Since we are always buying through DCA, it will be difficult to always determine our entry point. For me the holding period is the main priority in this case. It will be foolishness for me that doesn't have up to one bitcoin to compare my profitability with someone who have up to one bitcoin or more. But if someone who has up to a bitcoin sell of early and I continue holding my bitcoin for many years, there is every possibility that my profit will get to his level when he sold of or more, because we don't know the amount that bitcoin will get to in the future.
Actually an investor who is slowly coming up using DCA method to accumulate Bitcoin shouldn't compare themselves or trying to compete with those that has already started investing on Bitcoin for long because always trying to get an amount of investment other investors have could lead to aggressive investment were as you will put everything you have just to remain on the competitive trends, although there is no harm trying to accumulate as many Bitcoin as you can but trying to compete or reach out to other people amount of investment is not wise because it could lead to aggressive investment which could sometimes cause by fear of losing out, so perhaps in as much as DCA method takes a while before getting a reasonable amount of Bitcoin but is actually the best and you would be surprised with the amount of Bitcoin you will realize from ten years and above. If when you are faced with an emergency that is bigger than your emergency funds, you will end up selling part of your bitcoin, which makes the competition useless and foolish, because you fail to understand your own discretionary income and invested like you have so much. While your friend is still busy buying regularly without stopping or selling, talk more of an old time investor that bought bitcoin very cheap, and have made so much profit due to compounding effect of his bitcoin profit.
Since we are always buying through DCA, it will be difficult to always determine our entry point. For me the holding period is the main priority in this case. It will be foolishness for me that doesn't have up to one bitcoin to compare my profitability with someone who have up to one bitcoin or more. But if someone who has up to a bitcoin sell of early and I continue holding my bitcoin for many years, there is every possibility that my profit will get to his level when he sold of or more, because we don't know the amount that bitcoin will get to in the future.
Actually an investor who is slowly coming up using DCA method to accumulate Bitcoin shouldn't compare themselves or trying to compete with those that has already started investing on Bitcoin for long because always trying to get an amount of investment other investors have could lead to aggressive investment were as you will put everything you have just to remain on the competitive trends, although there is no harm trying to accumulate as many Bitcoin as you can but trying to compete or reach out to other people amount of investment is not wise because it could lead to aggressive investment which could sometimes cause by fear of losing out, so perhaps in as much as DCA method takes a while before getting a reasonable amount of Bitcoin but is actually the best and you would be surprised with the amount of Bitcoin you will realize from ten years and above. In as much attempting to compete with others can be a wrong approach, it is pretty ok being aggressive it is only bad when you are being overly aggressive without considering how much of your discretional or disposable income you have where your basic needs, emergency, reserved and float will be affected trying to become overly aggressive. You can can become aggressive if proper financial planning has been done as regards to ensuring that your basic needs, emergency, reserved and float funds are all taken care of.
Irrespective of the fact that the DCA has enormous benefits it could be misleading saying that dca is the best whereas there are other strategies too that has its own unique functionality, it will be pointless making comparison which is the best. However every investor must tailor down which ever strategy that will suits his or her investment where and when necessary in terms of:
1. Financial situation
2. Investment goals and objectives
3. Risk tolerance level
Hence, what is more important is how much of Bitcoin you have and your ability to hodl as long as possible.
Traders can never be considered as an investor because they don't hold a particular asset for long because they are there moving their assets from exchange to exchange seeking for coin and shitcoin to buy that could possibly give them 2x 10x, and possibly 100x within the period of their investments. They don't care if bitcoin gets whatever amount what they think is the little profits they scratching up from their trade, and of course the best assets to hold is bitcoin currently they won't know what they are doing because they thought price of bitcoin could continue to be this cheaper as they think, and the best place to sink their capital is bitcoin.
I really don't think you get the clear picture of trading bro, when you talk about trading, you are definitely talking about the future market, which is totally different from buying, holding and selling when the coin you bought has appreciate, and that is the spot market, in the spot market you can't lose your money as long as you don't sell.And who told you don't lose your money in spot market if you don't trade, okay go buy shitcoin in spot market and don't trade it allow it to be there maybe during bear season if your holdings in shitcoin won't goes to zero.
The likelihood of your assets turning to zero depends on the kind of coin you are holding and I guess you are the one misquoting yourself not me. As I said before bitcoin still remains the best coin to hold for long.
Since we are always buying through DCA, it will be difficult to always determine our entry point. For me the holding period is the main priority in this case. It will be foolishness for me that doesn't have up to one bitcoin to compare my profitability with someone who have up to one bitcoin or more. But if someone who has up to a bitcoin sell of early and I continue holding my bitcoin for many years, there is every possibility that my profit will get to his level when he sold of or more, because we don't know the amount that bitcoin will get to in the future.
Actually an investor who is slowly coming up using DCA method to accumulate Bitcoin shouldn't compare themselves or trying to compete with those that has already started investing on Bitcoin for long because always trying to get an amount of investment other investors have could lead to aggressive investment were as you will put everything you have just to remain on the competitive trends, although there is no harm trying to accumulate as many Bitcoin as you can but trying to compete or reach out to other people amount of investment is not wise because it could lead to aggressive investment which could sometimes cause by fear of losing out, so perhaps in as much as DCA method takes a while before getting a reasonable amount of Bitcoin but is actually the best and you would be surprised with the amount of Bitcoin you will realize from ten years and above. Jump to: