Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Things to keep in mind before accumulation of Bitcoin
by
Hamphser
on 13/09/2022, 21:52:19 UTC
⭐ Merited by JayJuanGee (1)
1: Use Dollar Cost Averaging (DCA) Technique:
In Bitcoin accumulation, this is very important.
In the DCA way of buying Bitcoin, you can minimize your possible loss because you only purchase Bitcoin when it will drop.  Buying a little by little using this method, will surely your investment becomes profitable when there's a new ATH.

All in all, OP has good input, and newbies should know this and educate themselves when it comes to accumulating Bitcoin.
It's a complete process of accumulating Bitcoin.
Not only for bitcoin, but also in all established coins in the crypto market, DCA is still very applicable. But since bitcoin is the most highly volatile one, then using DCA in accumulating bitcoin will surely work so far. I have been DCAing since the start of the bearish market, and it definitely helps me not to be worried with small price drops. And the fact that I’m into bitcoin for long term investment, that motivates me to never be affected with temporary price decline.
DCA is always been recommendable but we do know that not all does have the money on doing so on which accumulating coins on bottom price or whenever it do make out decline increments.

And also this would be only applicable into those coins which are really good for long term holds on which you wouldnt really be stressing out yourself if ever it would go down further since you
do know that it does really have the potential on recovery into its price specially with Bitcoin.

All matters with risk management or handling because handling out volatility and unpredictability of this market is never been simple.