DCAing is my best options, Always better buying in these times than in ATH territory tho. I bought the dip last night and going to buy some more tonight. I know it ain't that much but I can't miss these bargain basement prices. At times every time I buy it dips a lot more. What I am just learning is to just buy much smaller amounts that way I am not losing as much as I was before, am not really bothered tho because am holding for long
For sure it is not easy to strike a comfortable balance in between holding some cash for just in case the BTC price drops more and making sure that you buy a sufficient amount in order to be content with the price going up rather than down. If the price goes up and then you start to panic and to buy some more, you likely did something wrong, but those kinds of things can end up happening to anyone, even those who might be buying regularly and buying on dips, and then if the price bounces 10% or even 40%, then they end up feeling a kind of dread/panic about not having had bought as much as they should have bought when the BTC prices were lower.
Sorry if it disturbs your discussion, lately I often hear how almost every time I meet my friends talk about investing in Bitcoin in the DCA way, I am curious and finally know the general description of DCA, which is to allocate a certain amount of money to invest regularly as you said. Does DCA here have to be supported by stable finances? for example, having a steady income from work which can later be used to invest more regularly.
I say that because my friend's discussion with his financial condition was clearly inappropriate. I mean, their income is unstable but investing the DCA way.
What do you think the ideal DCA looks like? I really need advice because I have been studying Bitcoin for a long time, my income is quite stable for now. It would be very profitable if this financial allocation was invested in Bitcoin. As long as I know the risks, I believe Bitcoin will be useful in the future and institutional adoption is also currently increasing. As someone who is interested in investment strategies, you definitely need the right method.