Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Miles2006
on 21/03/2024, 19:42:15 UTC
Having the money to buy using the lump sum strategy as a newbie still doesn't change the fact but rather I will go with the dca strategy at first cause I still have a long way to go with accumulating bitcoin and as time goes I can increase.
I am being compelled to ask you if you bought your first ever bitcoin using the DCA method or the lump sum method? I have the feeling that the answer will be lump sum and this is the same with most of us when we started. It is now we have learnt the DCA method after we are already involved in bitcoin, therefore we have seen that it makes the buying process more systematic and organize and also give us the easy of decision making by eliminating most of the variables that make people procrastinate or miss opportunities. There is no doubt that the DCA method is great and so is other methods provided the plan is to hold for long term.
Concerning your first question, I never knew about the dca strategy at first, I will not act like I bought my first bitcoin using a planning process but ever since I came to this space I had the knowledge of accumulating bitcoin using the dca strategy and how to plan my accumulation process likewise the lump sum strategy, I never knew about the lump sum so I never bought my first bitcoin in bulk , I never had any knowledge at first so from what I have learnt I can list out my plan with the dca strategy also I found out this strategy suits my income, I don't care if this strategy is the best or not but I use the dca strategy in my bitcoin accumulation. It seems you don't understand my point here and I think for anyone to accumulate aggressively it has to blend with the knowledge he/she has acquired and has to accumulate with care and caution.