Quote from: Mayor of ogba on April 29, 2024, 08:36:12 PM

Quote from: ArumiBTC on April 28, 2024, 01:08:46 PM

I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.

We are not discussing how to buy bitcoin as a day trader, what we are discussing here is how to accumulate bitcoin and hold it for the long term with the different strategies used in accumulating bitcoin depending on your income source. If you open a thread next time, learn to know the topic of the thread you opened so that you will not spam the thread with your post. Since you are a newbie and you're in this thread, you should accumulate bitcoin with the DCA strategy so that you won't want to put all your money in bitcoin at a time. With the DCA strategy, you can use 10% of your salary to accumulate bitcoin when you are paid a salary. The DCA strategy will allow you to accumulate bitcoin without deciding if it is the right time or not to buy bitcoin. You should also keep an emergency fund that will help you solve your unforeseen problems so that you will not depend on your bitcoin to solve them.

There are several topics in the trading section to discuss trading but this section deals with how an investor can hold his investment for a long period of time or how to maintain the consistency of the investment. There are many investors who have got a complete understanding of investing by discussing this section and how to invest and how to maintain consistency but many members of this section have a rough idea. JayJuanGee discusses every topic here clearly and if any user gives wrong information in any discussion then he makes another comment against that post and there he clearly highlights the correct information. In his talk he tried to explain about investment in such a simple way that everyone can easily understand about investment very well.

Initially I had a lot of trouble to understand about such investments and DCA investments but after regularly watching the discussions in this section and working according to those discussions, I now understand the concepts of DCA investments very clearly. I am investing in DCA investment method and continue to invest and I hope that in the future I will definitely learn something good from the discussions of JayJuanGee who regularly discuss in this section and my ideas will be more clear.