Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
BABY SHOES
on 19/11/2023, 18:59:36 UTC
⭐ Merited by JayJuanGee (1)
Likely the very beginners into bitcoin would be better off ONLY using DCA to accumulate bitcoin and while they are figuring out bitcoin and their own finances and/or psychology in regards to bitcoin, yet as they study bitcoin more and more, and maybe as they stack more and more sats, they can start to add the other two methods of lump summing and buying on the dip into the mix of the ways that they accumulate BTC, and it will take different people differing amounts of times to figure out his/her own finances and/or psychology as I had referred to my earlier linked post. (outline in this post) )
On average, beginners prefer to use the DCA strategy for bitcoin accumulation because it will not drain their finances, maybe at the beginning they can use a small percentage after they can manage finances more stably, they can increase or use the two methods with DCA and Lumpsum depending on how they think about cash flow and organize it.

Like me after studying bitcoin quite a lot I want to continue to add more sat to the portfolio but I realize finances must really be adjusted, but the taste is still quite large with a percentage of 30% spent on bitcoin but I think it has become the right choice.

Beginners are important to understand your post.
Post #2 is important for beginners to understand from the beginning with the ability to invest in bitcoin there you have clearly explained.

Over time we can reach the stage to post #4 by being able to analyze the price of bitcoin.

I will read this post in more detail.