Perhaps this is the reason why holding is the best because it allows you to have a rest of mind and free from emotional troubles of having to lose your funds because of trading, actually considering the risk involves on Bitcoin trading I wonder why most people always choose to trade because irrespective of the little profit they will get from trading or if at all there would be any, it can never be compared or measured with there Bitcoin investment if they will hold it for a long term. However DCA has been very helpful in guiding investors on the easier ways to accumulate Bitcoin.
Buying regularly will make you more confident in your goal of investing long term in Bitcoin.
Totally agreeable. Not only will it make you more confident in your investment goal it will help you maintain consistency until you reach your investment target. Bitcoin was created with a true conception and no monetary gain intentions with a fair launch by Satoshi. This is why the moment you start investing in bitcoin it starts making sense to buy more and more because you know where it is headed, and these drives you to invest as much as you can afford into it. The fiat system has collapsed bringing bitcoin into the picture and the government cannot do anything now to erase it form the minds of investment. People rather hold a number of bitcoins in their secured wallet for years or till retirement than holding tons or millions of fiats.
Perhaps this is the reason why holding is the best because it allows you to have a rest of mind and free from emotional troubles of having to lose your funds because of trading, actually considering the risk involves on Bitcoin trading I wonder why most people always choose to trade because irrespective of the little profit they will get from trading or if at all there would be any, it can never be compared or measured with there Bitcoin investment if they will hold it for a long term. However, DCA has been very helpful in guiding investors on the easier ways to accumulate Bitcoin.
DCA has proven to be the best and for now it is the one of the strategies that is adopted by thousands of investors. Why is it so? Apart from being risk free it is a strategy that can be afforded by big or tiny investors. I know when i started investing i struggle a lot to time the market and most times i end up not getting into the market on time. Which is very painful to me because i was a total beginner. I started regretting my decision of investing in Bitcoin because looking at the value of bitcoin i have no idea on how to accumulate till i hold a substantial amount. Not until i heard about dca, ever since then i have been one big happy investor.