Quote from: edy_58 on Today at 03:24:28 AM

Quote from: Mayor of ogba on February 10, 2024, 04:42:15 PM

Quote from: Ricardo11 on February 10, 2024, 07:08:47 AM

Currently the price of bitcoin is above 47k, hopefully this shock will push the price of bitcoin further. Bitcoin price has increased by 9.7% in the last one week. Hopefully it will continue now and this push will go far. Those who haven't bought Bitcoin yet will regret it. Those who expected the price of Bitcoin to dip, and thought they would buy when it dip, are now in for a big regret. But they should start holding now without regret, using DCA method. They can also benefit a lot from this, if they can keep it up, one time also their bitcoin portfolio will be get bigger.

Those who didn't buy bitcoin when the price was low should not regret that it is too late for them to start accumulating bitcoin because they think they will be slow to accumulate the quantity of bitcoin they want through the DCA strategy since the bitcoin price is high now. Don't lose hope; there is a strategy that will make you fast in accumulating your bitcoin, which is dividing your money into 2 equal parts and using one part for a lump sum buy in case the bitcoin price still keeps trending up, and the second part to be accumulating bitcoin at regular intervals with the DCA strategy, whether the price of bitcoin is increasing or decreasing.

In collecting Bitcoin, everyone has a different strategy, there are those who buy it all at once whatever the price when they buy it and there are those who use the DCA method by collecting consistently according to the date they have set, but in both cases there are advantages and disadvantages too because if we buy At the same time, whatever the price at the time of purchase, of course we have to prepare a lot of money and we have to be able to hold it for a long period of time to be able to make a profit and if we use the DCA method, of course we have to buy it every date we have set and it will be very difficult if we don't have a fixed income.

I agree with you when it comes to accumulating bitcoin. Everyone has a strategy that is suitable for them, depending on how fast they want to accumulate bitcoin and the money available. As a newbie, you should stick with the DCA strategy in accumulating your bitcoin because it will help you control the volatility of bitcoin in your bitcoin investment and also allow you to save an emergency fund that you will use to settle your financial needs so that you will not depend on your bitcoin investment to survive shortly.