Post
Topic
Board Speculation
Re: Buy every dip!
by
iBaba
on 12/11/2023, 22:29:34 UTC
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.

The questions about the rise and fall nature of the decentralized digital currencies have raised a lot of eyebrows to interested people who want to venture into Bitcoin but do not have enough information at hand. Sometimes it is not just about searching online because you may not necessarily have the in depth or hands-on information you're looking for. So, therefore, it is key that we enlighten ourselves more about what it takes to patronize the digital currency and by extention invest in it.

DCA remains the best option for long-term growth investors who have meager resources at hand but are always ready to take advantage of the market trend. It is like an investment plan options that have been roled out to a potential investor who's knocking on the door for investment.

Don't know if this example helps but it's a case of whether he or she is an angel investor who's putting in their own funds with the expectations of making profits by taking advantage of the market, he can use the DCA approach OR if the investor is a venture capitalist who's investing more money into the coin, then the investor will want to wait for the Lump Sum to make profits.