Quote from: Moreno233 on Today at 05:09:18 AM

Quote from: ginsan on February 02, 2024, 08:52:07 PM

If the initial target is 1 year then focus well because 1 year is only a short time if you are full of confidence in what you have planned. Yes, after a successful first year of course the best option is to target the investment in the long term or for our future. Staying focused on your respective stances with purchases with a budget of $30 is certainly not a difficult thing to do, but yes, stay consistent if our target is long-term investment.

Personally, my target is 5-10 years for a start, this does not mean I will liquidate my entire assets within this range rather is is the period I set for myself for strategic and aggressive accumulation of Bitcoin. Beyond that, I will do appraisal and decide the best route to follow regarding my investment.

"DCA" which is an investment strategy where an investor periodically buys fixed dollar amount of a particular investment regardless of the asset's price. This approach aims to reduce the impact of market volatility by spreading out the cost of investment. The investor decides on a fixed amount of money to invest at regular intervals, such as monthly or quarterly. Regardless of whether the market is up or down. The investor invests the same amount of money at each interval. The overall purchase price averages out. When prices are high, the fixed investment buys fewer unit and when prices are low the fixed investment buys more units. This can help reduce the impact of market volatility on the investment.

It's commonly used for long-term investment goals, such as retirement savings.