Relying on indicators and charts to make the next prediction about bitcoin does not always give us accurate results because there are many unexpected factors such as Fud, fomo, manipulation...That is why many people always think that the DCA strategy is the best because the future is unpredictable. Like the recent correction where bitcoin fell to $59k, many traders speculate that bitcoin will soon drop to $52k and then $42k. But the end result is that bitcoin has recovered and is trading near 70k. So, I don't think we can easily recognize when bitcoin reverses and the uptrend begins.

But you are right, we are approaching bull season so a prolonged correction is unlikely, recent corrections have been temporary and whales are trying to take bitcoin from weak hands. The only thing we should do now is buy more if we have money left and not sell bitcoin for any reason because the bull season is very close.

To be honest I’d be alright with waiting for 4 years before I take profit from bitcoin given that I have a stable job anyway. Bitcoin investment shouldn’t be treated as your daily income kind of job unless of course you are trading then you can expect at least a regular flow of money. I can wait for 4 years and at least I know that I can live comfortably after I take profit from my investments.

First of all congrats on holding bitcoin. It is a very good decision that you are interested in investing in bitcoins besides your job, I applaud you for this decision. But in case of bitcoin investment you must have long term plan if you can hire with long term plan you will definitely get enough success for the purpose you have invested. Many times it is seen that while investing one time lost the door many big investors lose patience so patience is very important thing if we can invest patiently for long term surely we will get enough profit from AB recruitment which is more for us to invest  Will interest. If we can invest in Bitcoin at the right time and do it for the long term, surely we can change our fortunes with this Bitcoin investment.

Keep on doing that mate and you will be earning good profits out of your investment. It doesn't really matter if you are newbie or not as long as you are willing to learn that is what is important in here. Regarding wallets, I personally use Mycelium and BlueWallet especially when doing transactions in and out of the wallet but BlueWallet is my go to wallet right now and Mycelium is my back-up.

You shouldn’t store your bitcoin on an exchange. Not just bitcoin. Don’t store any cryptocurrency there: the essence of exchanges is to exchange cryptocurrencies and not to store them. These centralized exchanges can have issues or down time or some sort of problem that hinders you from your money. It isn’t something that happens often but it is very possible. Doesn’t sound extremely safe.

There is nothing wrong with keeping our coin on exchanges especially if it is a little percent of our portfolio, maybe for the sake of trading it with other coin pairs it swapping it to altcoins to make more money. We need to know what we are doing so that we don't just keep thinking that putting a little percentage of our Bitcoin holdings on exchanges is a bad idea. Our we need to be prepared for the consequences that could come along which is one reason one need to be aware and understand what exchange is all about. It would be wise for us to keep our Bitcoin in a place where it will be safe because even putting it in a private wallet and the key get lose could lead to a big problem.

I'm sure there are still some people who leave Bitcoin on exchanges. but maybe their needs are different. if the goal is long term, of course, it would not be a good idea to keep it on the exchange. and perhaps the problem of transaction costs which are sometimes very inflated could be the reason if you are a trader.

However, exchanges are not the best place to store Bitcoins. Even though saving in your wallet still has risks, we still have to choose the smallest risk. we never know what disaster will come to us.

having other income would be good and it could protect our Bitcoin investment from being disturbed by the urgent needs that Bitcoin holders often experience.
but I think there is no need to be fanatical when our thinking is profit. investors understand Bitcoin market patterns. when we can profit when it pumps, why should we survive when it dumps? unless there is a planned time frame for it to be achieved. and the issue of pump or dump prices will not be considered at any given time.

I completely agree with you. It is admirable that he is working hard to invest in Bitcoin understanding potential for long term financial growth. He is taking smart approach by hodling for years allowing his investment to compound. He is also aware of risks and is not investing more than he can afford to lose crucial mindset in unpredictable crypto market. By diversifying his income streams he will be able to weather any market downturns and avoid selling during bear runs waiting for the bull runs to maximize his profits. His disciplined approach will likely yield significant returns in the future.

Indeed, there are many cases where exchanges are scams for some reason, and in the end our money is also lost. therefore the exchange is only for selling or buying assets, and the rest is stored in a personal wallet, and our security is completely responsible. That way I think it reduces the risk, because we won't know what will happen in the future, if we lose because of carelessness then it would be a shame. It's very good to save in the form of Bitcoin rather than in the bank, no matter how much for the future

Doesn’t that depend on the price of Bitcoin in 11 years?