Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dickiy
on 02/10/2023, 17:25:38 UTC
Well, most of people will find it hard to DCA with the income they get from their jobs or the salary they get every month. Many people live hand to mouth and due to the current inflation globally, the purchasing power of everyone has decreased over time. In such a situation, converting part of their income into bitcoin is a tough task for them.

Yes, this makes sense and is indeed more realistic in accordance with the fact that difficulties are occurring in society. DCA has always been the best method according to most people and I am also sure that most of them have applied this method, because after all, this strategy can give you complete comfort. And well let's discuss even though this good method already exists and we can already use it but still the problem will not stop here, I always think about how those who do not have good finances or salaries that can be said to be below average but have a strong intention to allocate a little budget for bitcoin, while their lives are mediocre and if they try to allocate their budget then the guarantee is their own lives, would you be willing to not eat this week just for the sake of allocating for bitcoin? honestly in my opinion it is not a good choice, I understand your intentions are quite good by using DCA, but that does not mean you have to sacrifice everything, especially your life. The point is that everyone has advantages and disadvantages in financial matters, and I say there is no compulsion whatsoever about when you should start investing.  Bitcoin doesn't mind if you come late, and that means you can come anytime (if your financial condition has improved).

If you ask me, i also find it hard to DCA by converting my fiat into bitcoins but what i managed to do over a period of more than a year is that i try to save all the money I get from the signature campaigns i joined and make sure not to spend it. Since I got this money in bitcoins, so basically it is my weekly DCA. Every week i get the Signature payment and I just save it for the future.

There's nothing wrong with what you've done buddy, even if you're having trouble implementing DCA because something behind the scenes is holding you back. Even so I see that you are not out of ideas, by utilizing the weekly income from the signature campaign that you participate in and then you hold some of that income in bitcoin in a few years according to your target. Honestly this is a pretty good alternative and I would probably try it too, because it really makes sense it's exactly the same as DCA where you have to divide the budget by equal or different amounts for the allocation of bitcoin at a certain amount of time consistently. Honestly this is a pretty good idea and I think I'll give it a try.