Quote from: rachael9385 on October 10, 2023, 07:13:55 PM

Quote from: JayJuanGee on October 10, 2023, 02:51:12 AM

Quote from: Roseline492 on October 09, 2023, 05:39:09 PM

Quote from: MCUKing on October 09, 2023, 04:26:56 PM

Ahh.. do you really think I haven't gone through this thread I think I have almost read the maximum number of pages, all of the newbies and other members are only discussing the DCA, and I don't think so just DCA is sufficient enough, practically DCA can be an all-rounder but in the market, DAC is not a dead end hope you've got it..

So long as Bitcoin market is concern DCA strategy remains the ultimate strategy for accumulation of Bitcoin because it works not only for beginners but also on more experience people by building their mindset and also expanding their course of knowledge to see the risk involves on accumulation without a good strategy and providing solutions on how to navigate the accumulation process with a risk free and slowly investing with the only amount they can afford.

There are several participants of this thread who are repeating the idea of risk free and guaranteed, and bitcoin is neither risk free or guaranteed, even if you employ DCA or any other method of accumulating it.

No investment is 100% guaranteed. I will always say that, because I am not in the same ship as those that thought that investment is guaranteed 100%, no matter the strategy that is used on the investment, it is still not guaranteed of 100% profit at the end.

No investment is 100% sure, but by conducting your research and evaluating the potential danger and advantage of each, you may choose which one has the lowest risk of loss in return when hit by specific variables that can cause that. No cryptocurrency investment is guaranteed, but investing in bitcoin is preferable to investing in other altcoins, where the danger of losing money is higher. The consensus that bitcoin was based on makes it more reliable to go for than any other coin; after all, most of them are there for profit and will exit the market once the goal is met in the shortest or longest period possible depending on how they plan it out.

Quote from: Mayor of ogba on Today at 11:39:47 AM

Beginner and pleb like me, I think buying the dip is not the best strategy for me to use in accumulating Bitcoin because I can't time the perfect dip, the dip might last for years, and if I buy the dip it might keep dipping.

I chose the DCA strategy in accumulating my Bitcoin. By using the DCA strategy I can take advantage of market fluctuations by lowering their average cost per asset without risking too much capital at any point in time.

Using the DCA approach is still okay because it helps to avoid the overthinking of not buying at a lower price than the current market price when there has been a price reduction at some point. Because of the volatility of the market and the price action that comes with it, the DCA approach is still the best way to accumulate bitcoin. When there is a drop, you can also use it to accumulate more bitcoin than before. The dip is not certain and cannot be predicted, but you can always accumulate gradually using the DCA approach.