Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
ShowOff
on 29/09/2023, 18:58:59 UTC
⭐ Merited by JayJuanGee (1)
-
If you look at the current BTC chart anyone who knows how to make good use of opportunities will make use of the huge volatile swings. Which is what most people are trying to do now, although it might not be words that are said often. I don't want to start repeating what has been said here so many times about DCA. I still think DCA BTC is a good investment, but that does not mean other investment strategies are not good. I believe JJG has talked about that earlier.

DCA can be used by anyone as long as they understand how it works well. Experienced investors and anyone on a budget can definitely utilize this strategy for their long-term investment goals, so these two key points are crucial.

Some person who understands and intends to carry out DCA cannot be assumed to do so due to lack of budget. This is what determines more than desire and also understanding. But if they have the budget and are ready to do it, then I think experience and understanding will help to determine the entry price as well as the percentage of DCA needed.