Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Promocodeudo
on 23/01/2024, 12:31:45 UTC
The DCA method is again the most preferred because investing in the DCA method is likely to achieve success. The regular DCO method helps an investor own the large asset Bitcoin. And DCA method depends on how an investor can invest, weekly, monthly investment will bring quick success of investment because if bitcoin is invested every week then there will be a lot of savings in terms of price. And it is possible to be successful in long term investment, if you act according to your advice it is definitely possible to be successful.
The DCA method may seem simple to follow but I reality, it require a lot of discipline. Just like every other thing that involves money, emotions will always be engaged in the DCA method so care must be taking to avoid yielding to pressures even while applying the DCA method.

Some of the temptations that can come up include but not limited to the pressure of trying to sell when the portfolio becomes too big. There is a way the money will grow and we begin to imagine what we could achieve with it, this is where the temptation of selling come from.

Furthermore, I have seen a case of someone using the funds for DCA in buying something else. His emergency fund got exhausted and he needed more money for his needs. This is one of those things that can come up even when you think you have got everything planned out.


For us to fall into the temptation of trying to withdraw our investment, we have to have other source of earnings because it normal for a person to be in need, but you decide to invest in bitcoin you should have it in mind that it is unusual for you as a person to tamper the funds for a particular period of time and this will be for your own good, don't be premature decision take when it come to Bitcoin investment.

When you are out for bitcoin investment there things to avoid, like making fast decision in terms withdrawing funds, no doubt situation may call for such but they only way to overcome this inevitable situation is to make sure that your income can sustain and caution whatever may arise so that nothing will warrant you to think about withdrawing your asset to solve problems.
As the case may be, even though the money grows to a tempting stage, if you must withdraw for anything, let it be for another lucrative investment not for lavishing purposes.