Quote from: JayJuanGee on Today at 04:06:31 AM

Quote from: Richbased on Today at 02:49:14 AM

Quote from: DaNNy001 on November 02, 2023, 10:57:23 PM

Most people don't really understand that trading of coins is actually the worse thing when you are currently trying to hodl your investment because there is no certainty that it's actually going to work for you on your every try, that's why so many people tend to call it an advance gambling and anyone who thinks he can gamble his way to success is actually not ready to be successful because trading is the height of risk when it comes to relating it to Bitcoin. And believe me as I have learnt this in a very hard way and so not trading your coin is far more better.

Inasmuch as trading is concerned, it is a game of uncertainty. So no matter the fluctuations in markets prices we need to keep DIPPING and HODLING bitcoin, one of the greatest enemy we have in trading is fear as due to the fact that we might buy the DIP and HODL then peradventure in the future the prices of stocks still DIP the more. So using the DCA can help HODL our bitcoin till when it DIP.

Probably one of the greatest enemies of trading is lack of fear and thinking that you got if figured out, and that's probably why more than 90% traders either lose money or do not perform as well as a more straight forward DCA strategy.

Quote from: Richbased on Today at 02:49:14 AM

Quote from: Roseline492 on November 02, 2023, 10:48:50 PM

In as much as is good to accumulate on Bitcoin dip but it shouldn't be a major strategy because the possibility of Bitcoin dipping all the time for you to accumulate may not be certain so perhaps with that if the price of Bitcoin fails to dip but instead skyrocketing doe it mean that you cannot accumulate?

As an investor, if your plans are to accumulate during dip you can as well introduce a back up plan that if the Bitcoin price give you that opportunity to accumulate if dips that's good but however if it doesn't dip you could as well use the normal DCA strategy to keep accumulating a bit by bit while you wait for the dip to come, with this back up method you can hardly miss out the chances of accumulating Bitcoin.

Bitcoin being a volatile assets can be DIP using the DCA due to the fluctuations in markets prices, it is believed that the prices of cryptocurrencies like bitcoin will still skyrocket so buying the dip using the DCA can help to HODL for the future even if it doesn't DIP the DCA can automatically HODL your bitcoin till when the price will skyrocket, so there is no need to be afraid of buying bitcoin due to the fact that it's rising incessantly.

DCA does not necessarily apply to shitcoins, and so many of us here likely hardly know what the fuck you are talking about if you are suggesting that you can apply similar kinds of DCA principles to various shitcoins as would be reasonably applied to bitcoin.. so part of the reason that we stick with talking about bitcoin in this thread is in order to attempt to stay focused, so if you want to talk about shitcoins or to make vague references to some gobble-dee-gook concept, you probably should be doing that in some other thread rather than this bitcoin thread. Fuck shitcoins.

Shit coins create a form of scare, doubt and distrust to people new in the crypto space as many of them made investment in them and got ripped. Majority of shit coins are Ponzi schemes by their creators just to scam those with poor knowledge of Bitcoin Bitcoin is unique and it is the only coin I deem worth hodling.Even the word "Hodl" is unique to Bitcoin