Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
adultcrypto
on 28/05/2024, 23:59:08 UTC
Sometimes new traders still find it difficult to carry out plans like that because usually they still use trading money from the money they use for their living needs so that when they are trapped at high prices they feel depressed and sometimes also consider cryptocurrency trading as gambling. As new traders they must get proper guidance.
Short-term trading has multiple psychological and socio-economic risks that will only increase over time as inflationary pressures add urgency. Every negative pressure can create a hindrance in your investment and even cause a downward trend in value which brings more depression. By well planned DCA management and long term investment in Bitcoin is a profitable system with high risk reduction. Many may think of starting their investment a bit late to buy on dips but Bitcoin tends to rise over time. New investors must DCA their deposit plan and have the necessary arrangements to manage for the long term. New investors can do more study in getting proper guidance about DCA strategy.
DCA method is the best method it is correct, you need to have plan to invest. Because without a plan it is never possible to reach the destination, if you follow this DCA method you will definitely be successful if you invest in Bitcoin. But any time you face an emergency, it's important to have an emergency fund. Because you can meet your basic needs from this emergency fund and thus save your investment.  You can keep your investment for longer term, so I think planning is most important to save your investment.
I used to think this way especially when I learnt about the DCA method newly, the excitement was so much that I felt it is the only way that can lead to success in bitcoin accumulation. But after a while I realized that many successful bitcoin investors does not even use the DCA method, instead most of them that I know buy the dips and through lump sum. I am not saying that I have lost faith in the DCA method because I still use it just that I have found a way of opening some buy entries whenever I noticed that the market dips appreciably in a way I can get decent lower price. Ofcourse this is only done when I have extra cash to put in because irrespective of anything, my DCA buy will keep running.