Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy the DIP, and HODL!
by
Lidger
on 19/12/2023, 18:26:13 UTC
⭐ Merited by AirtelBuzz (2) ,JayJuanGee (1)
Yes you are right, the process of accumulating bitcoin with minimal income is certainly DCA is something that should be done, if we are only able to collect 0.000BTC if done every week it might be collected quite a lot on a count of 52 weeks in one year.
You are quite consistent in doing the DCA strategy in purchasing bitcoin, 0.1 is a fairly large amount, and I think beginners can read this, especially those who only know gambling without investing for their future.
DCA method seems very good method to me and I am following this method. So far I have purchased bitcoins in two steps. The two times I bought my bitcoins there was a substantial difference in the price of the bitcoins in the two steps of the purchase. After buying bitcoins in step two I plan again to add some more bitcoins to my total investment in step 3 and now I will hold the bitcoins I buy in step 3 for a long time. Now that the price of Bitcoin is in the $43k range, the amount I will buy Bitcoin with now will be the highest price I can buy Bitcoin. I am not exaggerating that I will buy Bitcoin at the highest price this year, but I am just wondering when I can increase my investment again in the future. Being able to grow your investment at will is really a positive for every investor. 

My father is a businessman and all my financial support is given to me by my father and now I have enough money and I will invest that money in Bitcoin. If there was no such system, even if I had enough money, I would not be able to increase my investment with that money. 

Bitcoin has good times ahead so when I buy Bitcoin in step 4 I think I need to buy Bitcoin above $45k. 
Since I like the DCA method a lot, I think this method will be liked by everyone and most of the investors invest following this method.