Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
nara1892
on 03/02/2024, 14:03:12 UTC


Exactly, the DCA strategy has become a widespread adoption among people investing in bitcoin and one of the most interesting part it is that it creates opportunity for new investors who don't yet have experience to have a wider and broader knowledge while already taken a position in the market.

To an extent I think one of the reasons why most person have not investment in Bitcoin is because they lack the self confidence and conviction about Bitcoin existence, although it is not for everybody but, considering if Bitcoin has a place in your portfolio definitely requires you looking beyond today's headlines but the future.
Aside for lacking of confidence people don't have enough knowledge that's why they are not confident enough to invest on bitcoins,

I don't agree to this because I just stated it clearly that the DCA strategy gives room for non expert (that is someone that doesn't have a enough knowledge) to invest in Bitcoin and have more knowledge in the process of investing and it has always been said that you don't need to have enough knowledge before investing in bitcoin, Bitcoin is a fast growing asset with innovations and trends that waiting to have enough knowledge of it before investing will lead to procrastination and you will never invest.

Basically, this is one of the advantages that the DCA strategy has, as we know that DCA is a strategy that makes it easier for all individuals involved in bitcoin investment especially for those beginners who have just come, lack of understanding and experience is always the cause of delays as you said and this is the reason why the DCA strategy exists to make it easier for everyone who wants to invest without having to wait to gain a lot of experience because obviously it will take a lot of their time, But I am not saying that you don't have to learn, the point is that you can start investing in bitcoin by using the DCA strategy and on the other hand you should also gradually learn about the world of investment because after all having knowledge will make it easier. As you said that bitcoin will continue to grow and there is no stagnation in terms of the nature or habits of the market, meaning that there will be a delay that is not really needed because there is already a DCA that can overcome this.

Having the enough knowledge you are talking about will only come when you are already in your accumulation process and on the other without self conviction and confidence you can't invest even if you have the so claim enough knowledge.

Therefore, as the main point in our statement above that it is better to start investing as early as possible because there is a DCA that we can use and take advantage of and as I said above that in addition we run the accumulation of course on the other hand we also have to learn while learning to increase knowledge and experience so that over time we can experience improvements and changes for the better until we can achieve the main goal of consistent profits, but on the other hand the advice is still that we should not ignore some important things such as risk management so that we can stay safe on the journey.