Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
GigaBit
on 06/10/2023, 16:54:52 UTC
⭐ Merited by JayJuanGee (1)
Yes, you can still make decent money when trading the volatility of bitcoin, but it is not a safe and recommended approach if compared to DCA.
Is never a guaranteed to make money from volatility, in as much as volatility is concerned the chances of making money is not certain, when we talk about volatility we are referring to price fluctuations moving up and down, however there are chances of you losing out your funds while trading volatility so we shouldn't always see volatility as an easy way of making money it doesn't work that way.

You can never compare DCA strategy and trading volatility because DCA is not established for day traders however it was brought to help people especially the beginners on how they can minimize risk and accumulate with the little funds they can afford.
Talking about DCA, it is a strategy that is highly recommended for beginner investors and also investors who plan to hold for a long time, every week is an opportunity to buy Bitcoin, now the choice depends on you whether you will become a trader or an investor.
I would not like to say specifically any new or old investors should follow DCA. Anyone can apply the technique by recognizing these beneficial aspects. However, those who are not financially astute may consider investing in Bitcoin as an opportunity to grow their portfolio. It doesn't matter how much I invest. But the key is that I am investing small amounts regularly which will help to grow my portfolio. It also plays a role in reducing risk as it creates investment opportunities. It is not possible for an ordinary or small investor to invest large amounts at once. If those investors are willing to invest then DCA may further encourage them to invest for the long term and definitely It will be the best way to invest systematically.