Post
Topic
Board Bitcoin Discussion
Re: Things to keep in mind before accumulation of Bitcoin
by
ajiz138
on 13/09/2022, 01:53:55 UTC
This content is very interesting for those who make a long-term investment in this explanation we must know and some other basics.

1: Use Dollar Cost Averaging (DCA) Technique:
I now always use Dollar Cost Averaging (DCA) although this is a little different from your explanation but I make weekly purchases above $50 or more that's how my balance is in spending dollars so I don't place more orders but I just buy at the appointed time on a weekly routine within my own Dollar Cost Averaging (DCA).
Although different techniques are used but the goal is the same for the long term.

3: Do not freak out:
This is the most important thing, don't ever panic under any circumstances let alone get carried away by FOMO, hype or any other kind of trend that can trap you in selling your own assets, I never check the market every day but I am always consistent not to be influenced by any news that makes me panic, I will remain patient with some bad news but with patience and discipline make us more confident.

1: Whales Alert
I've never followed the movement of whale transactions that move assets to the exchange, for me this will not affect myself to worry but I prefer to maintain my own balance.