Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Justbillywitt
on 03/02/2024, 17:41:46 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.

Basically, the DCA is a very important strategy that ought to be adhered by any beginner who wish to explore in the long term buying and holdling of Bitcoin which is a more profitable way in Bitcoin investment but however, the causes of the reasons why most beginners fail during their investments journey is as a result of procrastination rather than taking the risk, they would rather begin to imagine some negativity and uncertainty in the course of their investments without being optimistic that they would actually reap the dividends of their investments in the future though anyone who is new into any form of investment is always afraid which is normal because since you are not familiarize with how the system works so definitely you won't be too forward until you've experienced notable success.

If any investor wishes to reap a long term investment benefits then looking beyond the headlines should be the priority of such an investor because if they keep looking at what is being said about Bitcoin all day then actually they can run into some random news that will destabilize their state of mind and insert fear in them which will lead to not fulfilling their investment objectives and goals.
Bitcoin investment and hodling is for all both the knowledgeable, semi knowledgeable and those who are not very knowledgeable. Provided you know how to buy bitcoin from a cex or Dex and also know that you are to keep your wallet key private, then you are good to go. What is important in bitcoin investment is just following the established principles that are required to successfully hold your bitcoin for the number of years you intend holding. There is no special knowledge needed to own a bitcoin, as you are not feeding the bitcoin or solve any mathematical problems before holding bitcoin. Buying and holding bitcoin is not a rock science that only genius can do, it is open to all. What is important is the ability to hold your bitcoin for long.