Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 04/02/2024, 01:00:01 UTC
⭐ Merited by Frankolala (2)

Sometimes too much in strategy will make beginners confused in carrying out their investments. I believe beginners need a basic foundation to carry out their strategic planning better and achieve the targets they want. The big difference may be in terms of knowledge about Bitcoin, which means beginners may need an approach to see the big cycles that Bitcoin has gone through. Yes, basically beginners can start with the DCA Strategy if they are not able to think about the distribution of funds for several other strategy practices.


IMO opinion. DCA would continue to be the best strategy for beginners because it does not require much explanation to understand, nor does it require any experience to be successful; all I have to do is divide my allocated amount for investment into parts and set an investment interval that works for me.
When I first started utilizing DCA, I didn't even have a consistent source of income. What I used to do was accumulate my money throughout the month and then assign some amount to DCA. I'd set the interval so that before that amount would be exhausted I would have gotten new income to invest again.
DCA, Its stress free, its comfortable , its every beginners choice.
As a newbie, it is good to adopt the DCA strategy when accumulating bitcoin. Even though you are a low-salary earner, you can still accumulate bitcoin with the DCA strategy because you will set a day when you will be investing a small amount of your fund in bitcoin when you receive your salary, and you can be buying bitcoin monthly so that it will allow you to take care of your financial needs since you are a low-income earner. The DCA strategy will make you consistent in accumulating bitcoin because you will set a plan for accumulating bitcoin anytime you receive your monthly salary.