Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
I_Anime
on 26/03/2024, 05:39:40 UTC
⭐ Merited by JayJuanGee (1)
According to what I have learnt so far the reason for DCA is to relieve or save yourself from the stress of not knowing when to buy, since bitcoin is volatile The practice changes at any given time so now the DCa help you to buy
Btc at any given time basically weekly. Sometimes you
May buy when the price is low and also by when the price is high. When you buy in some week it is low you are indirectly replenishing the lost value when you bought higher. So DCA is the best sofar in investment strategy it's a middle man between dip and HODL and lump-sum.
DCA is definitely a great collaborative tool, but it's very difficult to use it properly. The reason is that most people make mistakes in regular investment. In this case, it seems to me that there is no problem with the DCA method, the problem is with our decision here.

It is not as hard as you are wanting to make it out to be.

Just get started.. $10 per week or whatever you can afford, and then look at the matter 10 years from now and see where you are at.

In other words, a guy like you needs a 10-20year investment plan, and maybe you should not even look at it in 10 years, just keep buying and at some point it might make sense for you to tweak your plan, even though we likely can presume that as soon as you go to tweak it you are going to end up fucking it up.. .. because you just cannot resist thinking about getting fiats as soon as possible... so yeah, you might not be eligible to buy bitcoin, because there is a need to be able to defer gratification... and DCA can help in that regard.  You just have to figure out what is a reasonable amount of money that you can put away weekly and not get tempted to dip into t for 10 years or longer.
You're right DCA not hard when you're using it properly, as long one is using the money he can afford to start his DCAing either monthly or weekly. Aslong the individual is being consistent with it for about 10-20 years he or she will definitely go far with hiss accumulation, securing a better and mature portfolio. Where alot of people do missed it , is when they are trying to be aggressive as they can without a strong source. Expecially that are not too financially stable, using more than they can afford in accumulating without thinking of having emergency funds. So individual would endup selling his investment at the wrong time , he won't be able to keep up with his expenses and same time with his investment. That why one need to be aggressive base on their financial capability.