Lack of patience.

They think that as people tell that they should DCA and they obliged, they'll already going to become rich. That's not it, even if you DCA and follow suggestion of experienced people, patience will still bring you far.

As said that it shouldn't be pressuring and stressing, many of the investors are not patient. They think that at all times the market is hyper, no it's not.

Bitcoin have come to stay, and until people get to understand that concept, they will always have problems with investing in Bitcoin. So apart from what you just said, another wrong way to accumulate Bitcoin is by taking a loan to invest in Bitcoin, which I can it the worst thing any individual could ever think of doing, because the fact that Bitcoin is a volatile currency which have the potential to rise in price, so does it also have the potential to fall in price too, whereas you loan interest is constant, which makes it a wrong decision to ever make. Because its better to invest little by little in Bitcoin than taking a loan.

DCA is not about buying the dip. It's about buying in a certain time, like 1 a week or once a month, regardless of the price.
It's of course better to buy as much as you can, so looking for the cheapest bitcoin is a great idea, but it's not DCA and DCA is not the best way to accumulate. It's great for people who are to busy with other things and cannot watch the price waiting for it to meet their target, like some traders do.

Doing it in a bear  market is the way to do it. Would you rather DCA when bitcoin is at 50k?

Just let them be, because on the time that they would be able to see that they dont have much money left in their pockets or even on their banks then this is where they would be making out some realization that they did
that much which isnt supposed to be that way because we know that we do have different priorities in life on which it would be normal that there should really be allocation in each part on which it is really that playing a crucial role in terms of living. We cant really just put everything on one thing which we know that the risks would be always there. Dont make yourself that really too impulsive in towards of thinking that you had missed out the golden train because this is the main reason on why you would really be making yourself that desperate. Well, its their choice to make since its their money but thinking up realistically then it would really be better that they would really be minding about those risks involved or attached to it.

There's no assurance that this would last for a life time, there's no assurance that it would be able to surpass a million per coin but since we've seen its potential and the previous achievement or milestones
that it did reach out then there's no doubt that this is where investors been holding and been hoping into.

I agree with what you stated.  Aside from that, people tend to move when they are hyped, one of the wrong move of people who are investing in Bitcoin is that they are carried away by the hype.  They only start buying when the news is already selling.  This will give them a disadvantage because when that time comes, the price has already started surging.  so they end up buying an inflated price of Bitcoin.  It is best to accumulate when the news is still silent.  Other investors tend to avoid buying when the market is in its bear market, they don't think that a bear market is the best time to accumulate.

I've come to find out recently that some people have the wrong meaning of "invest what you can afford to lose". They believe it's money that is not useful to you or something, which is funny because there can be no money that is not useful. Some believe it's spare money. Money that you do not need for anything at the moment. While this may be correct, if you wait for money that you don't have a use for at the moment, you may not invest in Bitcoin.

There are things you have to forego in other to invest in anything, including Bitcoin. The saying "invest what you can afford to lose" means to be reasonable in your investment. Don't invest all the money you have when you know you have nothing else to live on. Don't starve yourself to invest. There are very important things that need to be done, maybe for yourself or your children, don't forego things like that and use the money to invest in Bitcoin. There's no point having money yet you can pay the hospital bills of your kids.
There are things you can sacrifice, and there are things you can't. It's left to every individual to decide what he can and cannot sacrifice.
The bottom line is, to be reasonable, be responsible in your investing.

Not all bitcoiners are looking to accumulate; some simply buy once and wait for their savings to rise over time before withdrawing. Although most people are obligated to contribute more to their savings and do not always employ the DCA approach. They only buy when they have enough money to do so.


This should not be viewed as a pressure, and the sooner investors are aware of it, the better for them to avoid major disappointment later on. I don't think an accumulation target should be a priority because it can cause your mindset to be focused on achieving that target even when you can't afford it at the time, putting you under more pressure and, in the end, you'll still take money out of the investment to pay bills and for personal expenses.


Following the method of accumulation of others. Being influenced by the actions of others during the accumulation process. Our pockets are not the same in terms of our societal earnings. My 20% free money to invest could be worth 80% of another person's pay, which if the person continues, will leave them broke and begging for money to feed before the following month's salary arrives. As you stated, bitcoin accumulation is not a pressure issue, but one should only invest what they can afford to lose, cutting their coats according to their sizes.

Is there a wrong way though?

Everyone has a different budget different outlook and different goals which also means
a time when they decide or think is their opportune time to  make whatever move they want
in order to accumulate.

There are those who will only be able to spend $100 per month in order to buy Bitcoin
and there are others who will trade $1000's in a few hours.

Some people will liquidate their holdings after the next halving and buy back when the
bear market is at its strongest, others will prefer to keep Hodling until the very long term.

I mean dollar cost average works great and you're not risking anything on that since you're just using or setting a small amount maybe your salary to be used to buy Bitcoin right? And it would be great for long-term investment because you could just accumulate more and more until you have a huge investment while waiting as well for the right time to sell. I mean short-term investment doesn't really have a great profit if you're going to accumulate you're already aiming for the long term, short-term investment needs huge funds in order to take a good profit. So that is where the risk could come because you getting pressure to make a profit in just a small amount of time, it's cryptocurrency and bitcoin the market has its cycle so we should aim at the top we need to be patient.