Post
Topic
Board Beginners & Help
Re: I need your contribution and opinion
by
Fara Chan
on 20/01/2024, 18:52:24 UTC
Investing in Bitcoin has changed over the years. Initially, buying a whole Bitcoin or even a thousand at a low cost was possible. Now, with the higher price, fractional buying and Dollar-Cost Averaging (DCA) are popular strategies. Believers anticipate Bitcoin's eventual surge, making any entry point valid. However, corrections do occur, providing opportunities to add to holdings and sell for profit during upward trends. It's essential to adapt strategies based on market conditions and believe in Bitcoin's long-term growth potential.
Now is the right moment to carry out the Dollar-Cost Averaging (DCA) strategy because Bitcoin has experienced a correction and is running stagnant in the market. When investing, you must have a target and an entry point when you want to do it, although some people still often make comparisons with the past, even though that has become less important nowadays. Moreover, now there are many price changes that have occurred in Bitcoin and also changes in market conditions which over time are always clearly visible.