Post
Topic
Board Speculation
Re: Buy every dip!
by
uswa56
on 12/11/2023, 14:04:59 UTC
It's all about buying low and selling high, that is what investing in Crypto market is, you must follow the market prepare funds when there is a dip and set up a plan on what price you are going to sell it, sometimes it takes a lot of time or a long wait before you can sell, but it's worth it as long as the coin you are holding is good you just have to be patient and wait for the right time to sell.
That can't work all the time although it's the best ever, sometimes the price of bitcoin just continues to go up and you have the funds to buy, DCA can help you in that so you don't end up having to wait for months or years and that money stagnating from inflation. We can't predict the market so it's for the best that we adapt our strategies or just make more money in our jobs and save more extra money so we always have money when the price of bitcoin is low.
If we choose to use the DCA strategy in collecting Bitcoin, it will indeed be able to help us earn income if the price has increased. We can buy whatever according to our financial condition and keep buying it consistently to be able to make a profit when the price increases later.
It is very difficult to be able to make predictions and the predictions we make are in accordance with the conditions that occur in the market, yes I agree with you, using several strategies in collecting Bitcoin will certainly enable us to enjoy the benefits of what we do.