Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Marvelockg
on 09/02/2024, 09:50:42 UTC
⭐ Merited by JayJuanGee (1)
As we move into the future, the demand for Bitcoin is increasing along with the basic needs. I think if a person invests properly by following the DCA method, he can definitely prove himself as an ideal investor. It is better to invest from present time, like me (I have kept my investment alive for 14 months) I also want to make my investment for long term. I got to see my portfolio and it made me want to invest more. So 10% of my income I invest here for long term following DCA method. This is a proper journey that I learned from JJG text.
with the recent event around the globe that has contributed positively in the adoption and use of Bitcoin by a large majority of people, this is going to be the best time to accumulate as much bitcoin as possible.

I kind of like your strategy of investing 10% of your earning into accumulation additional bitcoin to your holdings because it kind of give you the leverage to be consistent with your accumulation and for the fact that you've been able to  accumulate it up to the fourteenth month would serve as a serious motivation to keep holding for a longer period of time. This for me is the realest way of investing using the DCA method. If you're able to buy with a percentage of your monthly earning that would still give you the freedom of meeting up your expenses with the left over of your monthly income then you're definitely on the right track.

The funny thing about the use of the DCA method in accumulating bitcoin is that we actually use a similar method as this in my locality to make savings that we will later take back at the end of the year.  You literally pay like 2% of your salary at the end of every week to someone who will keep it for you and will come back every week to take the 2% and because the amount is practically small, you just give it out and if you consistently do it for all the weeks of the year, at the end of the year you revive a huge sum of money in return with no interest at all. The DCA method is an advanced way of making such a tiny investment that has an added advantage of yielding origin if the holder is able to exercise patience long enough.