Quote from: youdacapt on Today at 08:33:54 PM

Quote from: Sayeds56 on March 12, 2023, 05:59:54 AM

In deed, Dollar cost averaging (DCA) strategy can help to mitigate impact of market volatility on your investment in Bitcoin or any other asset. By investing a fixed amount of money regardless of market is up or down, you can potentially reduce your average cost per coin or share over time and can benefit from the long-term growth potential of your assets.

I read daily about the importance of the "Dollar cost averaging" DCA Strategy but nobody actually discuss its reality. "Dollar cost averaging" DCA is a good approach in a bullish market, but with the market sinking barely every day for the past 6 months, how have top traders been using their "Dollar cost averaging" DCA Strategy? do you just continue to buy the dip repeatedly with no bull signs in sight ?

Realistically, in a bear market, the Dollar cost averaging strategy will only force your hands to hold too much of a particular token at loss. The best strategy is to figure out a token with a potential, buy and hold until the next bull run. For example, You cannot continue to Dollar cost average a token that dumps from 14$ to 1$. Its too much loss on a particular trade

Have you heard of bitcoin?

Here we are talking about bitcoin, we are not talking about various shitcoins. DCA does not work with shitcoins (or tokens).. fuck shitcoins and fuck "potential tokens."

Go to some other thread if you want to engage in discussions to assess the "potential" of various tokens (aka shitcoins).

The ultimate application of DCA, buying on dips and lump sum accumulation that we are discussing in this thread relates to having had already assessed fundamental strength that bitcoin has in the longer term, so in that regard, it hardly matters what price you buy so long as you continue to buy - especially if your investment time horizon is 4-10 years or longer.

Of course, if you are wrong about your assessment of the fundamental strength of bitcoin, then ultimately your investment might not be in profits 4-10 years or longer into the future.

The idea of buy on dip and HODL has to do with attempting to improve upon any kind of DCA approach that any of us might attempt to apply in terms of attempting to strategize buys that are at lower prices, and of course, HODL would be a kind of strategy that is meant to deal with mistakes of buying too much too soon while the BTC price might still be dipping and you might have already used up all of your cash.. so the HODL strategy would be a way to attempt to get through such dip period in which you are low on cash or you are waiting for more cash to come in or you are waiting for the BTC price to get out of its slump and return UPpity.. sooner or later UPwards movements in price should end up happening, but of course, there are never guarantees, and part of the conviction of making an assessment of decently strong fundamental strength would thereby logically follow that there is a bit of an expectation that at some point upward price movements are going to continue, even while at the same time realizing that no investment is 100% guaranteed, even if it has been assessed to have a lot of fundamental strengths.