I usually do not care much about the Bitcoin price right now because I’m doing the old-school DCA (dollar-cost averaging) strategy where we just simply accumulate more BTC regardless of the price movement. This is my 3rd time that I have done DCA with Bitcoin, and it’ll come again in the mid part of this month where I usually have that extra “not beer” money per month to spare for buying BTC.
I’ve started last May 2022, but at a loss because I’ve bought it at a price of $30k. For June and July, I’ve bought them at $21k and $20k respectively, so I’m a lil’ bit of a profit for these prices. But I am not out of the woods yet though because of that loss in my first month. However, I’ll keep accumulating more Bitcoin as my goal hasn’t changed.
It is a good strategy and it will help to reduce the loss and help to gain profit. We are buying bitcoin and it will still remain in our wallet whatever the price goes down or rise. We should buy bitcoin regularly and by this we will be able to get huge profit in the long run.