Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (2)
Hello mediokas!!!
https://www.reddit.com/r/Bitcoin/comments/z4ppiw/sold_my_car_today_and_bought_1_bitcoin/
https://www.reddit.com/r/Bitcoin/comments/z4ppiw/sold_my_car_today_and_bought_1_bitcoin/
One of the problems with lump sum investment plans seems to be that they largely are ONLY prepared for UP only, but I suppose an advantage could be that they limit the amount that is invested.
Personally, I believe that a DCA is the best, and then buying on dip and lump sum can be used to supplement a DCA strategy.
On the other hand, starting out with lump sum might not be bad, and buying on dip and also DCA can be used to supplement a lump sum approach, too.
I agree to this view you have. This is what I think also about investment and not to throwing in everything at once and go back crying when it fails to work as it shown in the dream. Like sell your car Sundayy, buy a bitcoin on Monday and Tuesday you will have 300% increase to the value of bitcoin you buy.
it does not work that way. Proper way to plan is DCA and with that you don't need to sell your house. You need some savings from either your little job and buy gradually when btc price drop. No need for selling the house or car to invest if you don't have back up to avoid this kind of lose I read in Here