Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
red4slash
on 01/09/2023, 08:19:49 UTC
The amount of DCA assets depends on the individual investing. You can purchase Bitcoin in different steps to make long term DCA. The right way to trade in Bitcoin is to divide yourself into several parts. So that you can buy when the bitcoin market is low and sell it at high speed or hold long term. Following these methods is called DCA, there is very less chance of loss if you invest in DCA method. And if you invest directly the chances of loss are high. Hence following DCA is the main sign of an ideal investor.
I continue to accumulate bitcoin with the DCA strategy and to be honest I never thought of selling it in a hurry even though it already has profits in the portfolio alone, but does that invalidate the strategy that I use? I would say it does not invalidate the strategy that I use.
I understand that we will sell eventually, but not that fast, because for me personally it will take a very long time to hold it, yes at least if it reaches ATH again that is the time I think is right to sell it.
I'm thinking why sell quickly (even though we already have a profit) when we can maximize the profit we can get.