Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Buy the DIP, and HODL!
by
Lidger
on 23/12/2023, 02:58:57 UTC
⭐ Merited by Essential10 (2)
"8 )   your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time,"

https://bitcointalk.org/index.php?topic=5376945.msg58719590#msg58719590

I personally think that number 8 can deal with a lot of things in terms of how much time anyone has to be able to spend on bitcoin and learning, and if you do not have a lot of time, then you need to attempt to maintain a less aggressive and maybe even a more passive strategy, and DCA works pretty well for someone who does not have a lot of time to study into bitcoin or even to study into various kinds of strategies to monitor if the BTC price is going to go up or down.

DCA is not only recommended for people who don't have time much time to study but its also adopted by people who have sound knowledge of Bitcoin. Because as you study more about Bitcoin and strategies to invest in Bitcoin you get to know that DCA is quite a good option to go for it. There are other options also but DCA is different in a sense that it benefits everyone the same way and this is something not available in other investing options. What works well for me may or may not work for you.
DCA method is a sound investment method not only for those who do not have enough time to study about Bitcoin but also for all investors. You are an investor and you certainly never want to be limited to the investments you made in the beginning. That is, if I say the matter clearly, then the matter is that once you invest in Bitcoin, you don't stop investing, but you invest in the future when the time gives you an opportunity. And this is called DCA method of investing.

I don't know how you think about investing but investing is a bit different for me.  It is difficult for me to manage a large amount of money at once so I started my investment with a relatively small amount. After starting investing with less money I have been making my investments regularly so I am not stressed. We have to invest in such a way that we don't have to sell the investment later. I have enough money to invest and I invested with all my money, after some time it appeared that I needed a lot of money and I immediately sold my investment. Isn't it really long term investment?

Even if we invest a relatively small amount of money, we must maintain that investment for a long period of time.  Bitcoin price is changing every moment whether it is positive change or negative change. If I continue to invest continuously in the midst of change, but considering the profit and loss, at the end of a period my capital amount will be much more and if I keep that large amount of capital for a long time, I will definitely get a lot of good from my investment.