Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Salahmu
on 08/10/2023, 08:08:18 UTC
⭐ Merited by JayJuanGee (1)
Holders have been using this method for a long time, whether they are day traders or long-term traders. And we have also seen that it is effective, and this is also where traders usually make money. Especially if we know how to feel the right timing of buying and selling.
I think I will disagree with you on this, let's not misunderstand DCA strategy for a day traders because buying and selling is totally a different strategy that shouldn't be advised for beginners who just came into crypto because in as much as you feel you can get a higher profits return there is also chance of losing your capital, people who uses the strategy of buying when the price is low and selling when the price is higher tend to be panic sellers who is always afraid and uncertain of the price movement as such there is a very tendency that they can easily get affected if the price is moving against there direction, so as an investors who really understand Bitcoin and it potential, I see no reason why risking your accumulated Bitcoin to Chace the price movement of Bitcoin when the DCA strategy is here to guide you, so on the contrary DCA strategy was designed to help us minimize the risk of investment as such building us not to Chace the market price but instead how we can accumulate slowly but consistent and free from panic of price movement and with the target for holding for long.