Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Doan9269
on 12/10/2023, 16:21:40 UTC
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,
DCA is a safer approach so that you'll have points when you should buy and what will be the amount that you should purchase for those points.

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.
Those that don't have an option but only to DCA can do a lot better unlike those that don't buy at all. But if you're blessed and you'll be able to buy with an entire amount on the spot, honestly I think that's better.

If you're a potential investor, then know that DCA is one of the best and most flexible means you could use to acquire bitcoin because it has the ability to reduce the rate at which you could experience loss whenever the market goes unfavourably dip, then as everyone has already contributed, it is very important to know the process of how to observe this hodl, when we invested, we work towards a specific target and have to patiently wait till the target is being accomplished on our stead and if the market goes the other side, being unplanned for, we have a reduced rate to how we can incure or experience the losses that comes after through the DCA pattern already used.