Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Salahmu
on 19/09/2023, 11:15:10 UTC
⭐ Merited by JayJuanGee (1)
If I want to teach somebody about Bitcoin and how to start investing in it, I will simply teach them to apply DCA with as little as $10 per week. Irrespective of the social status or the asset class, this is feasible and affordable and there is high chance I will be able to convince the person instead of telling someone to invest huge amount of money at one.

Like it has been abundantly emphasized here, the DCA method is truly the game changer for those who want to make maximum use of the opportunities offered by Bitcoin, it handles all the psychological hindrances that many people face in Bitcoin accumulation and management.

Truly DCA is a game changer and it has helped in risk management instead of accumulating Bitcoin with a huge sume of money were as you can easily runs out of money but with the use of DCA you can be able to manage your risk through accumulating using a small amount of dollars, so i totally agree with you, DCA strategy should always be the first thing for a beginners to understand before accumulating,  just like me if I had understood DCA strategy during when I started accumulating it would have been more helpful to me a lot but I'm using the strategy now and is helping me, one good thing about DCA strategy is that let's take for instance your earning $1000 on monthly basis from your salary, using DCA strategy you can set a target by accumulating weekly using $20 wehich we no cannot affect your main capital and before you no in the next ten years you have gotten a good portfolio.