Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 06/01/2024, 03:46:42 UTC
That is why we should not rush into bitcoin investment, we should understand Bitcoin is not a get-rich-soon, so anytime we are ready to invest in bitcoin we will make sure we have a source of income that will allow us to freely invest in Bitcoin with the DCA strategy and also take care of our financial challenges so that we will not depend on our bitcoin investment to settle our financial challenges when the needs arise.
Not rushing to invest in Bitcoin is a wise thing, people who don't have a stable income will find it difficult to invest stably and calmly in Bitcoin, because of the uncertain economic conditions that make many people actually think about selling the Bitcoin they have bought. and hold, of all the existing investment methods, using the DCA method is the best, especially with the DCA method, every bitcoin buyer will be able to manage their money well and maintain a balance between investment finances and finances for daily needs.
I agree with you mate, the DCA strategy allows an investor to invest fixed amounts at regular intervals. For instance, investing $10 every week. The DCA strategy will not only allow you to maintain a balance between investment finances and finances for daily needs but will also open the potential for reducing the average cost of the total amount of assets purchased. The DCA strategy is also used by investors who wish to reduce the influence of volatility over their bitcoin investment.