Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
GigaBit
on 11/10/2023, 12:31:42 UTC
⭐ Merited by JayJuanGee (1)
Bitcoin has had several four-year halving cycles and those cycles have worked very well. So even someone who bought bitcoin in 2017 at 18k could sell that for a nice profit in 2022. But it would take a lot of nerves and four years of waiting. And if for example one day the cycle doesn't work, how many years will you have to wait to make a profit?
When we talk about Bitcoin investing no one can say that he will make certain profit from investing in Bitcoin. He must plan to hold it for several years or more. Not everyone will be successful in investing but those who follow the directions are more likely to succeed. Investors mentality of taking risks must be needed. DCA is a good strategy so that we can reduce the risk in our investment. This will help reduce my investment risk as well as grow my portfolio in the long run. DCA is an opportunity for those of us who can't invest in Bitcoin for money even if we want. Those who can properly utilize this opportunity are more likely to get good returns from Bitcoin in the long run. There is no alternative to patiently waiting for the desired moment.