Quote from: ginsan on March 10, 2024, 09:55:19 PM

I use the DCA method to accumulate Bitcoin every two weeks, so in this case I want to tell you that we really don't think about the price when we buy Bitcoin. Why, because we buy regularly so we will find an average entry price when we are satisfied with our BTC holdings.

Yes, it's up to them to interpret whatever they want in this bullish condition, but in my opinion we still prioritize the term Buy and Hold in our investment journey. For this reason, continue to stick to our respective concepts, where if you think that this bullsih condition is disturbing your concerns about buying Bitcoin, then you can wait for the price to fall to be able to accumulate Bitcoin.

Waiting for the price to drop again at this market conditions is not a good sign and doesn't look like that person will make the better side of the good profit of this investment like other early holders would earn. DCA is a strategy that when understood and followed as required, the current price of market wont cause you a lot of concern or make you think twice before investing into bitcoin when you can afford to. The strategy have cut the barrier of having to buy your bitcoins at a very high price but when calculated, your average entry price will be lower than the highest amount you have ever bought bitcoin with. The market is bullish and there is uncertainty of the market to return back to a lower price that a lot would have want to enter the market with again, it is better to start accumulating within a timeframe and when the price drops, you can still get to accumulate more on an a lower price entry.

Quote from: Dailyscript on Today at 01:58:26 AM

Yeah, your right. I think the main reason they are fucking buying those shitcoins is because they want to diversify there portfolio. But i dont know what sort of idea is that an investor would have to take profits from his bitcoin investment, thereby tempering his investment at this early stage The best way to keep gains and increase profits is by buying back into bitcoin. Although not everyone understands how to approach cryptocurrency during this period,.

A good and proven strategy i when you make profits and choose to take them, whether in bitcoin or not, and invest them in bitcoin through DCA. This is the best practice to keep your money safe and growing. With time, you will make life-changing profits that will change your financial life completely.

Taking out from your bitcoin investment and investing in altcoin as diversification of portfolio is the most biggest gamble an investor will do to their funds. Like who does that? Having a safer investment that a return on investment is certain is better than gambling and hoping on a hype or promise that is almost impossible to come around. An investor that have a target towards their bitcoin holding in their portfolio would want to concentrate more on achieving that target and then wait for their investment to hit that target rather than taking out of the unreached target and put into altcoins. Sticking to the strategy of DCA is worthwhile and will have you benefit from your investment at the required time if you trust and be patient with the process.