Re: Buy the DIP, and HODL!

Trading and DCA has nothing in common DCA is a process used in accumulating bitcoin and most of the people who use DCA process are those who want to buy and hold for long time so I don’t see anything wrong with saying DCA has something to do with bitcoin holding. But for bitcoin trading you don’t need to follow DCA at all you just need to use the money you have at hand enter the market and start their trading losing or winning, so i don’t see any relation between DCAing and trading that’s a wrong connection if you ask me.

I also think like that because logically, people who are trying to collect Bitcoin and hold it for a long time don't immediately think about selling in the near future, so it is very feasible to use the DCA method in that case. Meanwhile, trading is a very different job from collecting because the people who trade in the market are people who are targeting profits in a short time or quick profits in a certain amount so it cannot be compared to people who are collecting Bitcoin by run the DCA method.

Investing in the DCA method means that the investment does not hold some assets for a short period of time, but definitely holds them for a long period of time. Investors try hard and invest monthly or weekly to grow their investment by accumulating assets over a long period of time. DCA method is the best method to accumulate assets. Anyone who invests in Bitcoin with the DCA method will surely succeed, most investors have been successful by accumulating wealth using this method.

To me I feel like accumulating Bitcoin through the DCA method is less challenging if as an investors you really want to go that path, where the major challenge is, is how long can you hold, because patience alone can never be enough if you don't have another source of income and an emergency fund need to carry you all the way.

You are right but there are more to this than it meets the eyes because starting the DCA strategy isn't all, there are certain discipline one must possess inorder for this actualization of investing and HODLing the coins till the preferred time. Bitcoin investment seems simple in the eyes but alot of factor are still there to cover even after you have started the investment and one of the most important is having a strict discipline to stick to your plans because I believe even if a persons has where he earning from that covers his necessities, there are still sometimes that he makes wrong choices towards his investment that can ruin everything for him and also being patience is one of that too.

Job security has to be considered too when someone has finally decide to start his bitcoin investment journey. One has to be certain that your job has to be really secured, and not a kind of job that won't last long. Job security should not be underestimated because if you have chosen to invest through DCA make sure that your job or source of income isn't something that's going to be terminated on a short run.