Quote from: adultcrypto on Today at 05:17:46 AM

Quote from: khiholangkang on December 17, 2023, 06:37:15 PM

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.

They are too focused on the price of one bitcoin chip and feel that the money they have is not enough even to buy 0.1 bitcoin which causes them to think that the price is too high, and I also think the same thing, that there are still many people who do not realize that DCA is the most appropriate strategy for people with low, medium and sufficient income, even though with DCA we can manage it according to our abilities.

This thread is very helpful and I hope a lot of people continue to talk about this, because I think discussing in this thread even with the reviews piling up and repeating, but the usefulness will come to each new person who comes to this thread.