What this means is that I have purchased bitcoin using the DCA method from last year, and this method is quite effective. I didn't record my bitcoin purchase price because maybe I just remembered it.

Actually, what you are doing is very good, and it is not easy because there will always be a lot of temptation to sell it when you see the price is as high as it is now. But if you continue to do the program, it will certainly be very good until ATH occurs a second time. There is no need to look back when you are doing DCA but look forward to the highly anticipated results.
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The DCA method is a method that allows us to have small capital to invest large amounts of buying coins in stages. And it's best to do it until the coins really enter the bullish season, because at that time we will get a lot of profit from our coins. We can also get capital by joining bounties, airdrops and perhaps by doing daily trading, using the DCA method

Quote from: Freemind on May 13, 2024, 07:20:49 PM

Quote from: Metha Wulandarin on May 12, 2024, 10:47:08 PM

You are right no one guarantees that the Altcoin season will happen in the next year but everyone has the right to give their opinion or prediction there is nothing wrong with predictions and there is no prohibition to make predictions because predictions can be right and can be wrong

Actually, "predictions" should be called "assumptions". In some ways we can be guided by what has happened in previous cycles and everything we have learned, but that does not imply that it will happen again. Predicting the value of Bitcoin, for example, is of little use, since at any moment something unexpected can happen, such as bad news for the industry (remember the Chinese ban on cryptocurrencies) and cause the value of the total market to sink to unimaginable levels, I think things like this are what we should be more prepared for. We may see an alt season, but we don't know when.

Everyone has their own way of managing their portfolio with a little tweaking and input from others and learning from experience.
I also thank you for reminding me and giving me new knowledge.

Even though we have to have our own analysis, at least as a literacy we read the news and get input from other people, even if it's just input because the decision is still our own analysis and decisions. because after all, it's our money and it's our risk

Quote from: legend45 on May 11, 2024, 06:31:42 PM

Quote from: Primo1760 on May 10, 2024, 11:39:31 PM

Quote from: kulkhan on May 10, 2024, 10:29:48 PM

Quote from: noahlucas on March 31, 2023, 11:24:17 AM

One way to select your next crypto investment is to look at the current market capitalization. This will not only show which cryptos are ranked the highest right now but also the curve of their value. Be aware of events around the world that affect the prices of cryptocurrencies.

There are many ways to choose crypto to invest. There are many currency available in cryptocurrency market to invest Some are good and some are not good for investment. To invest we have to look thats coins Quantity, Network, Supply, Market, and market statistics etc. If you follow this i think it will be helpful for you to invest on cryptocurrency.

Yes there are many ways to choose a crypto to invest in. Among the thousands of coins in the crypto market there are many good coins and there are also many bad coins. Some times investing in bad coins gives a lot of success and some times investing in good top coins leads to losses. But I think so that it is better to invest in coins that are popular and have high demand among people like bitcoin, ethereum, solana bnb etc.

yes I agree, the coins you mentioned are the top coins on CMC, bitcoin, ethereum, solana and BNB I also have them in my wallet. It's best before doing research, first look at the coins at CMC because demand is the main key to increasing the price

I don't dare to buy coins other than the ones you mentioned because it involves the capital I use. I don't have much time to always look at exchanges because work in the real world is too busy so I made purchases of Bitcoin, Ethereum, Solana and BNB for future investments.

My decision was correct if I only bought coins such as Bitcoin, Ethereum, Solana and BNB. They are the top coins in the top 5 coins and will likely last for the next few years. If you don't have time because of your busy real world, you should become a holder. it's safer and you don't have to look at the market every day

Quote from: Gladitorcomeback on April 26, 2024, 09:19:06 PM

Quote from: de_prof on April 25, 2024, 02:34:21 PM

DCA using money that is free and untouched by primary needs is the safest way to hold bitcoin or other crypto for the long term. While buying coins we can monitor the market movements of other potential coins. This is what I've been doing all this time.

A lot of new investors ignore this, but one of the primary principles of cryptocurrency investments is to only invest the money that isn't supposed to be used for anything else which means that you shouldn't invest money that you need to use for something else in your life so that if you needed to hold the assets for longer than you might have expected, you shouldn't have any problems with that.

The method you are using is the perfect method, without a doubt, because if you are using money that is free from any obligation, you won't worry about how long the bear market gets or how much you might need to wait before you get some profit on your investment.

That's right, we have to use money specifically for investing or trading. Never mix money used to buy living necessities and money for trading or investing. The importance of managing the finances we have is very useful so that our life becomes calm and makes us stressed when the money we have all goes into cryptocurrency but is stuck at high prices.

If prices fall and we are trapped in high prices, this will cause panic and stress if we don't use free money, because we will use that money to meet our needs. So we should look for capital by participating in bounty campaigns and airdrops to get rewards that we can use for trading or holding.

Quote from: Wiseman on January 28, 2024, 07:46:34 AM

It is better not to compare and buy them all, I believe that these are some of the best coins on the market and investing in them will bring good profits, only I am not sure about ETH etherium, as in my opinion it will bring the least interest.

Comparing the profits or interest we get when staking or investing in several altcoins is really necessary because it will determine how much income you can earn every day.

When talking about the interest we get when staking, we really have to compare. which coin is more profitable. And if I had a lot of funds, I would also buy all the coins because they have great potential to hold.

It is better to hold on to some of the assets you own rather than having to sell them at prices that are currently still cheap, there is still potential for price increases that may occur in the next few years.

That's what we should do when the price of the coin we buy is still low, so we should hold it. Moreover, this season we will still see next year's bullish season, hold on to your coins and wait for the bullish season to come

Quote from: Cantsay on April 30, 2024, 11:58:14 PM

Quote from: enwi on April 30, 2024, 07:16:49 AM

It is clear that the Ethereum platform is more popular and has many fans than the TRX platform because Ethereum is an altcoin that has very high security and has a fairly high trading volume so that Ethereum remains the king of altcoins.

True, the only aspect of TRX that makes people still use trx instead of Eth is “gas fee and probably speed”. Whenever I want to move my funds from one exchange to another, let’s say from Binance to KuCoin due to the fact that Binance no longer supports p2p in my country I usually go for trx.

But when you bring other aspects into consideration Eth dominates in them.

I can say that if you want to avoid gas fees in terms of transactions, it's definitely better to use TRX and TRX network. But for altcoin investment it is best if you hold Ethereum coins. Because Ethereum is one of the oldest trusted coins, I hold 3.6 Ethereum and that is until 2025. But in comparison, I hold TRX coins with a small amount of $500, so in terms of my investment size, I put Ethereum coins in second position.

The right opinion, if we want to hold for the long term we can choose ethereum, but if we want to make transactions with lower gas fees we can choose XRP. It all depends on what we need and this is adjusted to our goals.