Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
ultrloa
on 19/12/2023, 23:21:17 UTC
⭐ Merited by JayJuanGee (1)

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.


Bitcoin investment is also good and DCA method is also the best, but considering the price of Bitcoin we must think that it requires a good amount of money to invest. Those with less capital and those with more capital can invest in it, but the one who invests the most can get the highest profit. I don't think a $10 DCA can make a good future profit in Bitcoin.

One can do DCA according to the amount of income he has but choosing Bitcoin with less income I think may not be a good decision. If one has less savings then there are very good and strong projects in the market instead of Bitcoin where one can earn a good profit in future by investing through DCA. Altcoins can also be great for us so it would not be right to ignore them.

Its better than nothing especially if you are starting up and you have nothing more than that to use for your trades. You can learn a lot from that and I think that's a good step already that everyone can take. Then once they have a lot of money to spend then use it to get more possible profit.

But if they are total newbie and only have $10 in pocket then maybe its best to use that to accumulate bitcoins little by little and once they have enough knowledge about everything they want to know either continue to hodl or do that DCA method then its up for them to decide whatever they like.

But for current situation and for avoiding commiting mistakes what I think for newbies with huge capital onhand is to hodl since same with other I also believe that there's good future to happen with bitcoin.