Post
Topic
Board Trading Discussion
Re: Need advice regarding buying
by
TheGreatPython
on 15/11/2021, 21:48:36 UTC
To put it in other word, i want to add more bitcoin to my portfolio but with current near ATH price, i am not sure how to proceed from here.
We all know buying at/near ATH is not the best move. On the other hand, people will suggest « DCA DCA - long term long term».
What people here ate suggesting must be the best one to everyone and to be followed. Because, we cannot be sure about how long the current ATH will persist. Definitely it will get broken and bitcoin market will set another new ATH at any time in near future. So in order to to keep covering the upcoming bull run you must need to keep on buying at regular intervals rather than hesitating to buy around the current ATH.

DCA is a practice which will help you to build your portfolio to be good only in long run. And in short run, DCA may not look like a profitable one as you need to keep buying rather than figuring out a bottom prices to buy. DCA is a best one for the people who are not into technical analysis.