Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Troytech
on 20/01/2024, 22:55:39 UTC

Frequently the reason why I (and maybe some other members will do it to) will show a longer term DCA approach, so if a guy comes in here bragging about how great trading is or some other waiting around strategy is blah blah blah... then we can ask him to compare his own performance to a strict DCA approach, especially if he has been in bitcoin for 6 or more years... the longer that he has been in, the less likely that he is going to be able to say that he has beaten a relatively strict and/or aggressive DCA approach... sure it is possible, but it can take a lot of time to employ various other strategies, including the waiting around strategy.. when it frequently is better to just get the fuck started, buy regularly and then maybe reassess your income versus expenses and maybe the amount of your holdings and your various funds (emergency and reserve funds) from time to time to figure out if you might need to do some tweaking, such as figuring out ways to make more money or to cut some expenses, and maybe figuring out ways to secure your coins, too.
Very interesting, with DCA I actually have an edge over traders, since traders are actually buying and selling bitcoin in short term to make profit, as a long term investor I would have a chance to build a more substantial bitcoin holdings over the long run than to be making profits and having no bitcoin at last, from every angle ive looked at it, long term holders are at much better advantage than traders. No matter how profitable trading is, DCA method beats it. Cause at every interval I'm investing in bitcoin, I'm already a step ahead in building a more substantial value than there are. I'm looking more at the compounding effects my bitcoin holdings would give me and the profits are much larger depending on how long I plan on holding my bitcoin.