Quote from: Rabata on Today at 03:30:44 AM

Quote from: jossiel on February 23, 2024, 11:07:18 PM

Quote from: bitzizzix on February 23, 2024, 09:30:19 PM

And this is the function of running a DCA strategy because the price of Bitcoin is not easy to predict in the near future, but in the long term the price of Bitcoin will rise even if there is a decline.

We may be able to speculate the price of it but if it's about predicting it properly and accurately, one thing we can say is that it's always been unpredictable.

From what I've seen over the past few years, the people who guessed correctly were pretty much right. Although it is not possible to accurately predict the price of Bitcoin, some estimates are fairly reliable. Bitcoin investors gain confidence in investing around speculation.

Quote from: Tmoonz on Today at 12:49:06 AM

Quote from: bitzizzix on February 23, 2024, 09:30:19 PM

but in the long term the price of Bitcoin will rise even if there is a decline..

DCA is a sound investment strategy for those with relatively less experience, insufficient funds, reduced investment risk, etc.

The DCA strategy is not mainly for the poor or people with insufficient funds; the DCA strategy is for both the poor and rich guys. Anyone who uses the DCA strategy to accumulate bitcoin wants to be free from waiting for the bitcoin price to reduce to a certain extent before he or she can buy bitcoin. With the DCA strategy, you can accumulate bitcoin anytime you want to buy it without worrying about whether it is the right time to buy it or not.