Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
GigaBit
on 13/02/2024, 21:39:16 UTC
Anyone who is using the DCA strategy to accumulate bitcoin does not mean the person is poor. The DCA strategy is used by investors who wish to reduce the influence of volatility over their investment. The DCA strategy allows investors to accumulate bitcoin even when the price is increasing or decreasing. If someone decides to accumulate bitcoin when the bitcoin price is at the dip, anyone will jail that person because it is his money, but that strategy will only make him or her accumulate bitcoin at the dip, which could delay his bitcoin accumulation process because if bitcoin doesn't dip to a certain price while the person is waiting, he or she cannot accumulate bitcoin. As a newbie, you can stick with the DCA strategy for accumulating your bitcoin because it will help to control your emotions and you will not get hurt while accumulating bitcoin.
Yes, doing DCA does not mean that an investor is relatively poor. There may be many investors who do DCA only to reduce their risk. Many also use this strategy as their strategy where an investor can profit from market volatility and buy from dip, It basically depends on the investor. Moreover, this is the accepted method for those who want to be regular for Bitcoin savings. By applying this strategy, a Bitcoin holder has the opportunity to grow his holdings in the long term. By applying this strategy an investor is able to protect himself from the high volatility of Bitcoin price increases or decreases.