Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Buy the DIP, and HODL!
by
Frankolala
on 19/12/2023, 18:31:21 UTC
⭐ Merited by JayJuanGee (1) ,Huppercase (1)
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.
DCA approach can only be applied to bitcoin, this is because bitcoin has great potential and is likely to be more valuable with the timeline as long as you are in a long term investment. Another thing you should know is that DCA approach can be done by both the pleb and the rich which any amount even as low as $10. It depends on how much your income is and how you feel is best for you to start investing with.

Shitcoins are useless and don't even deserve investing in because they are more like gamble and beginners don't need to distract themselves, talk more of DCAing on shitcoins. You don't need to look for any coin with big market capital, just invest in only bitcoin and DCA regularly with the amount that would be at ease with you after you have taken care of your monthly expenses and have made available your emergency funds.