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Author Topic: What will you do to accumulate bitcoins throughout this year?  (Read 3419 times)

Offline Aanuoluwatofunmi

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    Search Topic Starter One year Anniversary
Re: What will you do to accumulate bitcoins throughout this year?
« Reply #75 on: April 23, 2025, 09:17:46 PM »
Once i see that i don't have enough money to find a once at a point entry, then i will adopt the use of DCA to invest gradually in buying upon every dip and hold till the market rises and then take the profit, i don't think i can trade for that long, but if i see enough signal for me to go into any, then i wont hesitate of doing so because it is profitable to an extent also and i will do some also take advantage of the market opportunity base on the signal received.

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Re: What will you do to accumulate bitcoins throughout this year?
« Reply #75 on: April 23, 2025, 09:17:46 PM »

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I hope I'm not misunderstood as someone looking for easy money, I know it doesn't exist. But there are honest ways to move up in life and earn a higher income.
What you said is the same as my mentor in crypto when I first got to know crypto, he said that crypto should not be used as the main source of currency but rather as a secondary way to make money.
Crypto also doesn't generate much income because now people are very familiar with all crypto, those who are rich must have known crypto for a long time and have held Bitcoin until now so they have a lot of savings assets.
That's just a case story that I actually experienced from a friend in the community and one more condition he said, crypto never deposit and get free money from crypto.
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Offline bayu7adi

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I hope I'm not misunderstood as someone looking for easy money, I know it doesn't exist. But there are honest ways to move up in life and earn a higher income.
Start preparing to do DCA to welcome the bullish in the next cycle... yes, for me who still believes in the Bitcoin Halving cycle, actually now is the right time for me to start doing DCA, income from signatures and setting aside part of my monthly salary to buy Bitcoin is a good thing for me personally... if Bitcoin stays on track, then the next bullish period will be in 2029, that's a long enough time for us to prepare for it....

There is no need to rush when deciding to make a long-term investment, investing in Bitcoin is certainly a very light thing when we do not spend our energy on daily trading... although the profit takes a long time, but it is always worth what is obtained.

Offline gunhell16

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What are your tips for acquiring bitcoins and other cryptos honestly (or just BTC if you are a maximalist), and if possible, with less effort and with a greater capacity to earn an income.
My tips will always be to always invest in Bitcoin for the long term. It is not a matter of always having two years, it can be 4 years or 8 years and more. Think of Bitcoin as a real asset for the long term, not as a short-term trading asset. And here I will not say that you always have to invest a large amount, but it will be the wisest thing to do for the long term by following a regular DCA scheme. In this case, I think you can invest here along with your job and build a large asset for the long-term. In this case, you don't have to be a professional analyst at all.

Bitcoin is also proven and tested and well established because we can clearly see that many institutional investors so far have an interest in investing in it, even large companies around the world are also investing in it and holding it.

And the beauty of bitcoin is that even if you are an ordinary person or even if you are poor, there is no limit to how much you can buy bitcoin, unlike jewelry like Gold, Diamond, you cannot make an investment in them with just $10 weekly, unlike bitcoin, even if you only have $10, you can buy bitcoin, and there are still chances that over time, the $10 you bought after a few months, years, can be 5x or more, while gold and diamond cannot.
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Online densuj

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Once i see that i don't have enough money to find a once at a point entry, then i will adopt the use of DCA to invest gradually in buying upon every dip and hold till the market rises and then take the profit, i don't think i can trade for that long, but if i see enough signal for me to go into any, then i wont hesitate of doing so because it is profitable to an extent also and i will do some also take advantage of the market opportunity base on the signal received.
Your strategy of using Dollar Cost Averaging DCA when funds are limited is a solid approach to mitigate risk and build positions gradually, especially in volatile markets. Buying dips and holding for a market upswing can be effective if timed well, but it relies heavily on your ability to identify genuine dips versus potential further declines something that requires strong market analysis or reliable signals.
Your willingness to trade opportunistically based on clear signals is good complement to your DCA strategy, as it shows flexibility to capitalize on short-term market movements. However, be cautious of over relying on signals without a robust risk management plan, as trading can be unpredictable and emotionally taxing


 

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