Quote from: Ever-young on Today at 08:58:08 PM

Quote from: Mayor of ogba on October 11, 2023, 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.

You have choosing a perfect buying plan, and you acknowledge well that you can’t predict the best time to buy bitcoin although every time that you buy can be classified as your perfect time that’s if you don’t plan on selling anytime soon.

DCA Strategy have proven to be the best way for both those who are experienced in the crypto business and those who are just newbies to buy bitcoin at the very point that they can never have to regret, for those who have a target price that they want to buy bitcoin most times always end up getting disappointed I mean they might be waiting for bitcoin price to drop below $20,000 this week before they can buy but at the end of the day they will always see bitcoin price going up instead of dancing to their turn. So you choosing to DCA is the best option because you won’t join those who have been waiting for bitcoin to drop down to $4000 before they can buy because they will wait forever.

One such strategy can be done using the DCA strategy in Bitcoin investing. Because you can invest any amount of money at any time, they will surely accumulate a large amount of wealth if they accumulate small amounts of investment over a long period of time. People who ignore the DCA strategy and invest (if old investments) will regret it because they invest and hold for life. So you can rest assured that the DCA strategy is one of the reasons why investments are used in such schemes and that investment will not be shifted outside the DCA strategy. And investing without DCA strategy must be exposed to risk (DCA strategy minimizes risk) and the investor can realize something good from this.