Re: Buy the DIP, and HODL!

I agree with some opinions about DCA where there is nothing you need to think about other than your focus on buying Bitcoin on an ongoing basis where you buy BTC regularly every week. No need to do it aggressively but just adjust it to the same budget as you did for your first purchase. With DCA, you don't need to worry about the price going down because while you are still in the accumulation stage, the price drop is a big enough opportunity to continue buying Bitcoin.

You can focus on investment targets every year because I have implemented this where the first year goes quite smoothly and that way we can focus on the following year. Bitcoin can change your life if you are smart in investing in Bitcoin. The meaning of being smart is holding it for the long term without being burdened by thoughts that haunt you.

Actually, this DAC has been an effective method for most of the communities in the field we live in, and it has been proven by most of them. All that is needed is that we have a plan for why we will do it. And that plan will motivate us to persevere in saving for the future.

Even rich people are doing this because they see that DCA is really proven and tested. If Bitcoin or cryptocurrency has not yet been created, we are already doing this to people all over the world, if we call it future savings, right?

DCA method is mainly for rich and poor and all types of people who will mainly participate in trading need this method. If you invest in this method, the investment is successful, because I help myself. I have been using this method for a long time of 1 year and 3 months. I have moved towards a successful journey. So this method is a good method for all investors, because those who learn to invest using this method, will not hire Arabic using any other method. You too invest using this method and you will see that the future journey will be successful and you will be able to complete the investment yourself. Usually in Bitcoin investing using the DCA method plays a major role in controlling the average price.

@JayJuanGee already made reference to this on this thread, the DCA approach is not selective in terms of financial capabilities, it is just like a guide/method to help keep up one's accumulating process, it doesn't segregate If a person is wealthy, rich average or poor everyone is majorly entitled to make good use of this strategy.

Quote from: FinePoine0 on Today at 04:48:37 AM

Quote from: Bd officer on March 24, 2024, 01:44:14 AM

Quote from: JayJuanGee on March 24, 2024, 12:46:28 AM

Yeah but when did you start? You have ONLY been registered on the forum for less than a year.

I invested $100 before registering on this forum. $100 is a big amount for me, $100 is more than ৳10000 in local currency of our country. I have learned a lot since I registered in this forum. I didn't know what the DCA method was before. I came to know about DCA method from this forum and started investing in DCA method. The amount of bitcoins I have accumulated now, I would not have been able to invest together. But after investing in DCA method I became successful. My plan is to continue investing in the DCA approach for the long term.

If you want to hold your investment for a long time then you must continue to invest on a regular weekly or monthly basis. By implementing this regular DCA method you are sure to be successful in your investment. But greed must be avoided, as far as possible if you keep calm and wait for a few years then your investment will be big and you will be able to continue investing.

The system works in this way, during the process of getting to our DCA budget we are meant to keep it consistent and a little bit aggressive (not greedy) as in terms of catching some DIP that we may not often see again, but still have the awareness that it should by no means disrupt our style of living.

One thing about Bitcoin investment is to purchase and another is to have the mind to hold, even when it doesn't seems nourishing we still continue holding.