Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Gallar
on 16/03/2024, 04:30:43 UTC
Investing in DCA method is a method of maximum savings, it is proven that the person who invests in this method has achieved great success. Because if the price of Bitcoin increases even if he invests regularly, the method controls the average price ratio. And while the price of Bitcoin is low, the average price controls two. So in whatever way you think this DCA method is the best, the more long-term Bitcoin holders there are, the more nearly everyone has had success using this method.
The DCA technique is indeed the simplest technique to apply in an investment (Bitcoin/Stocks). Because the DCA method basically makes it easier for us as investors to invest in bitcoin or other assets so that we are not too confused about determining at what price we will buy.
Therefore, DCA is very suitable for use in bitcoin investments over a very long period of time. Because buying bitcoin regularly at any price will generate profits in the future.

Apart from that, the DCA method will also be very suitable for beginner investors in bitcoin. Because as I discussed above, by using DCA we no longer need to be confused about the price of bitcoin when we want to invest. So basically those who have basic knowledge in investing will be very safe if they use the DCA method in their bitcoin investments.

However, in my personal opinion, the biggest challenge in using the DCA method lies in time. Because if we invest in bitcoin using the DCA method, it is certain that within 1-3 years we will not really feel any significant impact or results. For this reason, if someone wants to use the DCA method in investing in Bitcoin, don't forget to prepare very cold capital, a strong mentality, and patience which must also be strong. And most importantly, don't forget that from the start must have a definite goal (starting point, how much money you will invest in Bitcoin every week/month, and also the end point or target you want to achieve). If all of these things have been carried out well, I am sure Bitcoin investment using DCA will run more smoothly.