Post
Topic
Board Bitcoin Discussion
Re: How To Accumulate Bitcoin More Effectively In Any Market Zone
by
Don Pedro Dinero
on 08/10/2023, 05:38:48 UTC
Simply stack Bitcoin if you have the means to do so.

I mean, paying yourself first, which includes setting aside a fixed amount of money to buy Bitcoin, works like a charm for me regardless of the market conditions. In my case, every time I win an art contest, receive my signature campaign payout, receive my monthly salary, or get paid for some freelance commissioned artworks, I make sure that every penny that fills my wallet automatically increases my Bitcoin stash.

No chart or any sort of noise. Just following a strict budgeting religiously.

I fully agree with this. Although the OP's advice is not bad and he talks about DCA, what happens is that in a sophisticated way he also recommends accumulating more in the low phases of the market, which is fine but it also means to time the market.

As a summary, for those who don't have much of an idea and don't want too much trouble, just do strict DCA. For people with more experience and knowledge, the advice of the OP can be useful.