Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Salahmu
on 07/10/2023, 15:28:04 UTC
⭐ Merited by JayJuanGee (1)
This notion of Bitcoin price reaching $250,000 is still complex and difficult for me to comprehend because there are a lot of factors that will make it happen. As someone who is already accumulating Bitcoin, I will wish it would come to pass, but I don't want to dwell so much in that expectations so it will not make me take greedy decision regarding my Bitcoin accumulation. I will continue to apply my DCA the way I designed it to grow at a pace that will not put me into any form of financial pressure.
You have a point because that's one of the issues most people that uses DCA strategy are having because in as much as they plan accumulating Bitcoin on a daily or weekly basis with amount that is sufficient for them but they still tends to get greedy while listening to speculation that talks about how Bitcoin price will reach $250k anytime soon, however affecting there psychology on DCA strategy and making them to think about any other possible way to accumulate as many Bitcoin they can so that they will have hugge amount of Bitcoin before the price gets to the targeted speculation amount and before they realize themselves they have aggressively accumulated Bitcoin using all the funds they have, and later they start regretting and by then perhaps the Bitcoin price has gone against them and will be forced to sell off the accumulated Bitcoin with lose, so we shouldn't allow greed to cloud our judgment in times of accumulating using DCA strategy even as we accumulate gradually but with we will still meet our targeted amount in the future.