Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
imamusma
on 16/01/2024, 15:13:23 UTC
⭐ Merited by ancafe (1)
~~
A strategy is really needed to get maximum results in Bitcoin investment. The DCA strategy is very suitable for beginner investors who are not familiar with fundamental or technical analysis. This strategy is also very commonly used by investors who have been in the Bitcoin market for a long time. One of investors' goals in investing is to minimize risk, the DCA strategy can help investors reduce investment decisions based on emotions and FOMO.
Investors who want to invest in Bitcoin must have the courage to start investing any amount and make it a regular habit. When the convenience and benefits of the DCA strategy are felt, it will certainly attract more interest from investors to continue investing regularly.
The main purpose of DCA is not to minimize the risk of investment, but DCA is used to get a lower average price instead of a lump sum. DCA is always recommended so that you can anticipate a price down after you buy, but you don't need to be too strict about this strategy because basically the price also has the potential to rise higher after you buy. Buying regularly and buying with DCA are different. I mean, regular buying can be done at any price, whereas buying DCA takes advantage of another dip to buy once you see a correction.