Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
adultcrypto
on 18/12/2023, 05:17:46 UTC
⭐ Merited by JayJuanGee (1)
I come back to this thread and want to say that the discussion brought in this thread about bitcoin buying strategies and such that Jayjuangee and other colleagues always talk about the importance of DCA in investing in bitcoin, without market pressure due to declines, having buying opportunities at the lowest price in the trend, this allows you to get both short-term and long-term profits.

I previously discussed DCA when the price of bitcoin moved between $20k-$30k in this thread, and while I accumulated little by little, because I was just a worker, so DCA was the right strategy that I had to do in investing in bitcoin, so far precisely in December the profit could be calculated at 60%-70% from 6-7 months ago.

and HOLD BTC is the action you should choose
I have similar testimony as you, the only difference being the time of entry because you seem to have started earlier than me. I can say it for certain that the DCA method is the most powerful approach I have seen regarding investing.

I used to think that it was too late to invest in Bitcoin since the price has gone up so much.  But this few months of using the DCA method have proven me wrong. My mindset changed when I realised that my Bitcoin portfolio have grown into something significant when I do not even feel I'm putting money somewhere because I calculated my DCA amount in such a way that I will not feel any stress.

I feel a lot of people are still having this same challenge of thinking that Bitcoin price have gone too high for their investment consideration. Anyone in such a situation should just give the DCA method a try and see how it will pan out six months from now.