Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
2Pizza410000BTC
on 20/12/2023, 02:27:12 UTC

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.
Investing in Bitcoin DCA method allows you to gradually increase your investment with a small amount of capital. Investing in DCA method is best for those who do not have a lot of dollars. If I consider from my side I would say DCA method is the best investment method for me. I have no other source of investment I am investing 70% of my weekly earnings using DCA method. If I invest in the steps I have taken then one time it will be seen that my investment has increased a lot. Currently I have accumulated 0.00926166 bitcoins using DCA method to invest. Which is $391.49 at the current Bitcoin market price.