Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
red4slash
on 08/09/2023, 10:54:00 UTC
⭐ Merited by JayJuanGee (1)

I think many people invest in bitcoin because they believe in the potential for long-term growth in value. Bitcoin has been used as a store of value by several large investors, whales and even some institutions, so it is only natural that the interest of people coming to bitcoin for the same purpose is growing day by day.

To be honest, a lot of people weren't happy about the plunging price of bitcoin after they invested. On average, you don't want to lose money as a result of falling prices, but of course there are several solutions that can still be done, including by simply buying and holding. It is the most strategic solution for the long term if they believe in bitcoin performance, but if you have a stable monthly income that exceeds your budget requirements then accumulation is also a good thing to consider.

To invest in Bitcoin you must depend on DCA. You can invest monthly and weekly.
Buy Bitcoin at DCA ratio when Bitcoin price is low and save for long term. You save bitcoins monthly or weekly which will later be earned in a whale.
As long as you need to hold Bitcoin carefully because long-term successful journey will get the most performance according to DCA.
DCA is the best way to buy Bitcoin.
Broadly speaking, someone who invests in bitcoin is certainly based on their belief in bitcoin itself, and I see things that don't make sense when they invest in bitcoin while they don't believe in it, I can say they depend on luck and roughly they can be said to be someone who is gambling.
I was the same, when I entered and invested in bitcoin based on my trust in bitcoin with all the benefits offered. And I believe in it.
DCA is one of the strategies that is widely recommended, and I personally apply this strategy, yes even with a small amount but it is based on my ability in finances that I have planned as well as possible to prevent and anticipate something that I don't want to feel in the future / DCA.