What is the importance of price in Bitcoin?

[akeemqaz]

Yes. What's important is the amount of Bitcoin you own at a particular average purchase price if you practice DCA. That will determine the amount of profit you'll make over time.
I think Bitcoin is the safest investment in the crypto space, and it's going to continue increasing in value over the years.

DCA is not for everyone, there are some persons that actually have a large capital and can therefore purchase  a huge sum of Bitcoin just in one go and those people only use DCA strategy when it's really necessary, for example if they are not certain about the price for that moment. The possibility of making enough profit from Bitcoin is when you have enough capital and when you are able to hold for a long time.

You made a valid point. At times, you might purchase a large sum of Bitcoin, and after some weeks or days, it may dip just when you have extra cash to purchase more. This also brings a DCA opportunity. But what you've stated is indeed what often happens in Bitcoin buying situations

[doc]

Yes. What's important is the amount of Bitcoin you own at a particular average purchase price if you practice DCA. That will determine the amount of profit you'll make over time.
I think Bitcoin is the safest investment in the crypto space, and it's going to continue increasing in value over the years.

DCA is not for everyone, there are some persons that actually have a large capital and can therefore purchase  a huge sum of Bitcoin just in one go and those people only use DCA strategy when it's really necessary, for example if they are not certain about the price for that moment. The possibility of making enough profit from Bitcoin is when you have enough capital and when you are able to hold for a long time.

You made a valid point. At times, you might purchase a large sum of Bitcoin, and after some weeks or days, it may dip just when you have extra cash to purchase more. This also brings a DCA opportunity. But what you've stated is indeed what often happens in Bitcoin buying situations

If bitcoin is volatile, this is what we often see the price often goes down, but there is no need to worry because the price of bitcoin will go back up after a decline, and when a decline occurs, it is the right moment for us to make another purchase with the DCA method. With the method that many people use, in this case DCA, we can gradually buy the coins we want

[pieppiep]

Yes. What's important is the amount of Bitcoin you own at a particular average purchase price if you practice DCA. That will determine the amount of profit you'll make over time.
I think Bitcoin is the safest investment in the crypto space, and it's going to continue increasing in value over the years.

DCA is not for everyone, there are some persons that actually have a large capital and can therefore purchase  a huge sum of Bitcoin just in one go and those people only use DCA strategy when it's really necessary, for example if they are not certain about the price for that moment. The possibility of making enough profit from Bitcoin is when you have enough capital and when you are able to hold for a long time.

You made a valid point. At times, you might purchase a large sum of Bitcoin, and after some weeks or days, it may dip just when you have extra cash to purchase more. This also brings a DCA opportunity. But what you've stated is indeed what often happens in Bitcoin buying situations

If bitcoin is volatile, this is what we often see the price often goes down, but there is no need to worry because the price of bitcoin will go back up after a decline, and when a decline occurs, it is the right moment for us to make another purchase with the DCA method. With the method that many people use, in this case DCA, we can gradually buy the coins we want

The primary thing of concern now is maintaining discipline and to concentrate on the strategic plan set in the long-term. At times the urge of getting involve and grab the bull by the horn may be initiated when prices fluctuate highly; but when already in position to plan for an action, it is good to refrain from doing so. Further, it is also necessary to track the update of market changes and particularly news on it so that if there are some changes we can change our steps. That way, it’s not only that we don’t rely on one method but also prepare to function in several outcomes occur.

[Jating]

Yes. What's important is the amount of Bitcoin you own at a particular average purchase price if you practice DCA. That will determine the amount of profit you'll make over time.
I think Bitcoin is the safest investment in the crypto space, and it's going to continue increasing in value over the years.

DCA is not for everyone, there are some persons that actually have a large capital and can therefore purchase  a huge sum of Bitcoin just in one go and those people only use DCA strategy when it's really necessary, for example if they are not certain about the price for that moment. The possibility of making enough profit from Bitcoin is when you have enough capital and when you are able to hold for a long time.

You made a valid point. At times, you might purchase a large sum of Bitcoin, and after some weeks or days, it may dip just when you have extra cash to purchase more. This also brings a DCA opportunity. But what you've stated is indeed what often happens in Bitcoin buying situations

If only majority of us has money always ready in the side to buy Bitcoin, we would have purchase more. This is just on the side of average joe like the majority of us and not whales who has ton of money to begin with and so they might not doing any DCA.

But for the price, it will always be volatile, no matter what. This market is open around the world that's why the movement is very unpredictable. Maybe in some parts of the world, people are sleeping, but on the other side, we just have woken up and so it's time for us to our trading, hence volatility is like 24x7.

[luckyledger]

Yes. What's important is the amount of Bitcoin you own at a particular average purchase price if you practice DCA. That will determine the amount of profit you'll make over time.
I think Bitcoin is the safest investment in the crypto space, and it's going to continue increasing in value over the years.

DCA is not for everyone, there are some persons that actually have a large capital and can therefore purchase  a huge sum of Bitcoin just in one go and those people only use DCA strategy when it's really necessary, for example if they are not certain about the price for that moment. The possibility of making enough profit from Bitcoin is when you have enough capital and when you are able to hold for a long time.

You made a valid point. At times, you might purchase a large sum of Bitcoin, and after some weeks or days, it may dip just when you have extra cash to purchase more. This also brings a DCA opportunity. But what you've stated is indeed what often happens in Bitcoin buying situations

If bitcoin is volatile, this is what we often see the price often goes down, but there is no need to worry because the price of bitcoin will go back up after a decline, and when a decline occurs, it is the right moment for us to make another purchase with the DCA method. With the method that many people use, in this case DCA, we can gradually buy the coins we want

Yeah, if you prefer stability - you can go for DCA.
Especially with BTC.
It will bounce back eventually and we will have all the boons from it.

[Dr.Bitcoin_Strange]

Yes. What's important is the amount of Bitcoin you own at a particular average purchase price if you practice DCA. That will determine the amount of profit you'll make over time.
I think Bitcoin is the safest investment in the crypto space, and it's going to continue increasing in value over the years.

DCA is not for everyone, there are some persons that actually have a large capital and can therefore purchase  a huge sum of Bitcoin just in one go and those people only use DCA strategy when it's really necessary, for example if they are not certain about the price for that moment. The possibility of making enough profit from Bitcoin is when you have enough capital and when you are able to hold for a long time.

DCA is for those that have a reliable source of income that isn't too big, thus, they would ensure that they would have their funds in BTC ensuring their stability as a whole in the long run, if implemented properly.

DCA is an effective strategy, both for those with a huge income and those with little income, doesn’t really matter the size of your income, it’s a strategy for those who are seeking for ways to avoid attempting to time the market, like waiting for a DIP or a particular market condition before buying, because with the DCA technique, the investor also gets the opportunity to invest both in favorable and unfavorable market conditions without fear or any form of emotion, while aiming for the long term potential of the investment as this could also help minimize the impact of temporary market foundations and volatility of the market.

[doc]

DCA is an effective strategy, both for those with a huge income and those with little income, doesn’t really matter the size of your income, it’s a strategy for those who are seeking for ways to avoid attempting to time the market, like waiting for a DIP or a particular market condition before buying, because with the DCA technique, the investor also gets the opportunity to invest both in favorable and unfavorable market conditions without fear or any form of emotion, while aiming for the long term potential of the investment as this could also help minimize the impact of temporary market foundations and volatility of the market.

I see the DCA method is widely used by investors today, but I think this method is more suitable for those with small capital because by buying gradually they can increase their assets weekly. I am also a small investor and trying to increase my crypto assets, this method is the one I think is most suitable for my finances.

[Ujok]

Bitcoin is a digital currency that has a very high value, even if we look at the history of Bitcoin prices from its inception until now, it is very different, this is what makes people interested in it, not only that, Bitcoin has many benefits for everyone. In my opinion, no one has missed out on buying and saving Bitcoin because maybe in the future the price of Bitcoin will be even crazier.

[Dr.Bitcoin_Strange]

I see the DCA method is widely used by investors today, but I think this method is more suitable for those with small capital because by buying gradually they can increase their assets weekly. I am also a small investor and trying to increase my crypto assets, this method is the one I think is most suitable for my finances.

I’ll still say it again, the DCA strategy isn’t limited or specifically for a particular financial class or investors, DCA strategy means Buying at a regular interval, not buy with small amount. How much you decide to DCA is completely up to you, as a small investor, you’re free to invest based on your financial capacity and will a big investor, it doesn’t matter how much you choose to DCA, what’s more important is doing it on a regular basis. Besides not all big investors prefer to lump sum, some still prefer the DCA strategy as one of the advantages of this strategy is to help investors avoid buying or making investment decisions based on emotions because lump sum can make you attempt to time the market, like buying the DIP, and since one can not accurately predict the market, you can end up buying at a peak, thinking it’s a DIP.

[SamReomo]

Nothing has changed for Bitcoin except the price.   Bitcoin is where it's at, the price is influenced by people who don't understand Bitcoin (otherwise they would just HODL).

I highly agree with you OP, Bitcoin's value is now low only because of the weak hands who doesn't really understand much about Bitcoin but want to make money with it.

They sell when they panic and the ones who know Bitcoin very well, know that HODLING is the only way to make profits with it in long term.

Those who don't understand Bitcoin should learn about it, only knowledge and awareness will make them Hodlers, otherwise they'll keep buying and selling in hope to earn profits with it.

[doc]

Bitcoin is a digital currency that has a very high value, even if we look at the history of Bitcoin prices from its inception until now, it is very different, this is what makes people interested in it, not only that, Bitcoin has many benefits for everyone. In my opinion, no one has missed out on buying and saving Bitcoin because maybe in the future the price of Bitcoin will be even crazier.

There are still many people who miss buying and storing bitcoin, because they do not understand about bitcoin and crypto. So I see in my country only a few people try to invest in crypto. Bitcoin is the first crypto currency and as a pioneer, bitcoin has shown a very valuable asset to protect value and provide benefits to its holders.

[Findingnemo]

Owning 1 Bitcoin should be a goal for an average user who is coming from middle class financial background, and 60K at once is impossible to invest but it's possible to accumulate small amounts in regular intervals and that's we call as DCA which is really helpful for someone to invest in Bitcoin with whatever the amount they can but has to be invested consistently this will leads to big amount or even 1 BTC on whole after few years which means we will also become a millionaire when Bitcoin reaches 1 million mark which we can expect to happen around 2030.

[0t3p0t]

Owning 1 Bitcoin should be a goal for an average user who is coming from middle class financial background, and 60K at once is impossible to invest but it's possible to accumulate small amounts in regular intervals and that's we call as DCA which is really helpful for someone to invest in Bitcoin with whatever the amount they can but has to be invested consistently this will leads to big amount or even 1 BTC on whole after few years which means we will also become a millionaire when Bitcoin reaches 1 million mark which we can expect to happen around 2030.

Yeah I personally have that goal but as of the moment it seems that I regularly withdraw my Bitcoin portions for my needs 😅 The price is currently high and I think DCAing for small denominations will took so long for me to achieve my goal but I am still looking forward in finding ways to make it real.

[Findingnemo]

Owning 1 Bitcoin should be a goal for an average user who is coming from middle class financial background, and 60K at once is impossible to invest but it's possible to accumulate small amounts in regular intervals and that's we call as DCA which is really helpful for someone to invest in Bitcoin with whatever the amount they can but has to be invested consistently this will leads to big amount or even 1 BTC on whole after few years which means we will also become a millionaire when Bitcoin reaches 1 million mark which we can expect to happen around 2030.

Yeah I personally have that goal but as of the moment it seems that I regularly withdraw my Bitcoin portions for my needs 😅 The price is currently high and I think DCAing for small denominations will took so long for me to achieve my goal but I am still looking forward in finding ways to make it real.

We have to compromise for our small needs to achieve something bigger in the future or you need to find ways to increase the revenue which also helps you to accumulate more bitcoin also fulfil your needs but I know it's easier said than done but this is the mantra that we need to follow then only we can really turn around the financial state or else we will keep spiralling with these system forever.

[vegasus]

We have to compromise for our small needs to achieve something bigger in the future or you need to find ways to increase the revenue which also helps you to accumulate more bitcoin also fulfil your needs but I know it's easier said than done but this is the mantra that we need to follow then only we can really turn around the financial state or else we will keep spiralling with these system forever.

And this is also the importance of financial management so that we can manage our money, which is used for daily needs, urgent needs, and future needs. Then we can set aside to be saved, either in the form of assets or others.

And Bitcoin is one of the options that can be used for that. As long as we really understand how and how to be wise. Sacrificing for something bigger sometimes has to be forced, but still at a certain level