Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Roseline492
on 06/02/2024, 13:47:37 UTC
As a new investor I can say that if you want to hold bitcoins, you should hold bitcoin in DCA method.

As a new investor I don't think it requires much knowledge.
(Though the saying goes that knowledge is king)
But once you go to the market, you can learn all kinds of things by yourself.

DCA is a good strategy for holding Bitcoin.DCA means buying and holding a fixed amount of bitcoins every week or every month. You invest 1/3 of your income over a period of time. You cannot hold on to your entire income or invest too much at once. At any one of your perils you feel like withdrawing this full amount.Which will go against your dream of holding bitcoin.

Mate, though I understand what you are saying but you have to understand that DCA is not for holding is just a strategy for investing in Bitcoin or cryptocurrency in general, I mean no disrespect, we learn everyday and we are still learning, understand the thread, go through it very well and join the discussion with either support quote or argue with facts on what you know, talking about this investment strategy, this DCA strategy was introduced to help individuals to consistently invest and this in turn triggers them to cultivate the altitude of investing gradually and continuously, this strategy is very good for individuals without a good capital or huge amount of funds to invest.
Yeah that's true DCA strategy doesn't mean holding although I was getting it wrong before but I realized that the concept of DCA is not based on being able to hold Bitcoin but however it explains or guide an investor on the ways to accumulate Bitcoin without getting in trouble on the process, so perhaps is very important to be able
to distinguish between investment through DCA and holding because they are actually two different things and however most people believe that since almost everyone that intend holding uses DCA for accumulation they assume that holding is the same thing as DCA because even me I was thinking the same way until I realized they are not the same.