Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
laijsica
on 27/03/2024, 11:52:43 UTC
In order to invest in Bitcoin using the DCA method, you must first have an income source. If you don't have an income source, it will be difficult to hold the investment for long. You spend the money you need and invest some of the remaining money in the DCA method on a monthly or weekly basis. You should continue investing with DCA method for long time. You will invest according to your ability. If you can't invest long time with DCA method then you won't be successful.

Well.  Not only do you need an income source, you need income that exceeds your expenses, and you can only invest with the money that is excess of your expenses, and if you do not follow such guidelines, you are gambling rather than investing.
I agree with you at JayJuanGee. We need a good income source that will allow us to freely accumulate bitcoin with the DCA strategy and also be able to take care of our financial needs without struggling to solve them. This will help us hold our bitcoin for the long term because we will not depend on our bitcoin investment to survive.
Exactly....! When you have a safe settlement of all your family needs, you will feel confident investing in bitcoin and plan for the long term. DCAing can be done on a weekly or monthly basis as per your convenience. But if you invest in bitcoin DCAing strategy is more effective and fruitful in long term for new investor.