DCA strategy is one the best strategy in bitcoin investment.An investor that wants to be successful in bitcoin investment must adopt the DCA strategy
No doubt, dca strategy has enormous benefits as regards to Bitcoin investment the reason why it dominates the thread, but on the contrary a lump sum buyer can as well be successful in his Bitcoin investment, in my opinion that lump sum buying can as well leads to significant returns, you can actually set up a portfolio through the lump sum buying and allow it to grow. the very best strategy is any of the strategy that allows an investor to hodl his investment and sleep well at night, whether it is dca or lump sum, the main factor to be successful or not in Bitcoin investment is the ability to hodl long term to take advantage of it's comp youounding value,the right strategy is unique to every investor that is why it is of great importance for any investor to tailor their strategy to their own risk tolerance and financial situation as well as their own conviction level to prevent a situation that could lead to emotional decision and selling too soon.
My point is that dca is not a must to be successful in Bitcoin investment according to @Fiasem20
Absolutely right, man!
I think the best strategy for accumulating Bitcoin is DCA (Dollar Cost Averaging). Personally, I would love to use the DCA because in fact, this made a lot of profit for me and from all the above it is the simplest strategy beginners can easily understand it.
DCA is a strategy that people use to diversify their investments. I mean in DCS, investors do the same amount of investment targeted place at a daily basis interval in a certain time period regardless of price.
DCA's big advantage is that it reduces the impact of the price (volatility).
Also reduce the loss ratio; I mean if you lose some, DCA has the potential to make it return to another target.
This is a reason which I personally experience under DCA strategy, and And for the reasons mentioned above, DCA has a prominent place in the eyes of investors, of which I am a witness myself, and in my opinion, investors will also have the position that these advantages are under the point.
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What is DCA?I've never heard of DCA been used for diversification at any time, everyone who use woud surely enjoy its benefits and that why it's the most recommended for newbies. It's easy to learn and it's not stressful to carry out, since u started using DCA I've learnt how to plan and I've started to build a more long term mindset.