Post
Topic
Board Beginners & Help
Re: DCA, the most convenient way to increase your bitcoin as an investor.
by
inthelongrun
on 10/10/2023, 19:00:48 UTC
DCA is good way of buying bitcoin notwithstanding whether you are new or old, whether you have money in large amount or I'm low amount. The advantage of it is that, it will reduce losses that may arise when the market fall when you have bought your bitcoin, it saves you from buying bitcoin all and then later observe that the market hs gone down below where you bought when you can actually buy more cheaper at lower price.

Right. DCA's benefit is just too good, especially in investing volatile assets like bitcoin and altcoins. Despite this, it took me years before I finally did the DCA which started late last year. I am a regular gambler so maybe that kind of attitude made me think of just risking trying to catch the dip in the past. So I am glad to finally make a DCA and will continue doing it maybe until early next year.

For the newbies who are still trying to get a clue on how the market works, DCA is the best strategy. The same to people who are busy and those who do not like to spend a lot of time analyzing the market with its short-term effects.