Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 19/02/2024, 12:13:27 UTC
⭐ Merited by JayJuanGee (1)
The person who invested for more than one year did the best. The longer the investment is, the more bitcoins you can accumulate, the more bitcoins you accumulate, the brighter the future. That's why I prefer Bitcoin and have been investing for about 14 months. I want to be more patient with bitcoin investing, I am following the DCA method to success. Because I invested in following JJG, today I am running towards success is the single biggest achievement.
It is good to invest in Bitcoin for the long term,  but it is far better also to make use of the various stages of Bitcoin market volatility to make more gains within a short period and if you are an expert in the chat readings and market speculations,  you stand a good chance to make more profits using DCA model than just holding for the long term.
This strategy would have been good if bitcoin was quick to get rich soon, but since it is not, this strategy is not a good one. This strategy can make someone miss out on accumulating bitcoin because if you buy bitcoin at a low price and sell it at a high price, you will make a little profit, and if you want to buy bitcoin again, you will have to wait for the bitcoin to reduce to the price you want to buy it, and if it doesn't reduce, you will not buy it. It is good to buy and hold bitcoin for the long term using the DCA strategy so that you will be able to control your emotions and not worry about selling your bitcoin for short-term profit.