Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
cakravothy
on 19/12/2023, 10:24:31 UTC
Every new member knows how difficult the beginning was for them so we should help new members to make the beginning easier for new members. What to do in the long-term plan or what kind of steps an investor should follow in the long-term plan should be discussed with an investor in advance. Patience Belief Maximum Risk Acceptance All these things should be sufficient for a new investor who wants to invest in Bitcoin for long term.  
Market timing is useless unless you are an experienced investor who understands technical analysis and high-level research. A dollar-cost-averaging strategy,(DCA) rather than trying to buy bitcoins at the right time, will be much more effective than buying bitcoins at the right time. Since Bitcoin is a long-term investment, you will regularly allocate a small amount to the digital token.

For this reason, you don't have to worry about whether you have timed your investment correctly – because your investments will be adjusted depending on their ratio

DCA requires large capital, because the average buy if coin down price. if you want a small capital dca buy it can start small. if not then it takes a very large capital to do the DCA strategy. and dca strategy is only suitable for coins with large capital at least in 10 big markets in coinmarketcap. if not it can happen like luna down the price of the coin until it is lost and worthless.