Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
letteredhub
on 29/05/2024, 22:37:54 UTC
]
When talking about coin you should be specific about the coin you are talking about because there are several coin in the Market so you won't mislead other newbies or new investors to go and invest into shitcoins or aitcoins because of not been specific. And besides as a new investors it is not advisable to diversify your Bitcoin investment journey without accumulating much Bitcoin, with your DCA strategy you can accumulate much Bitcoin on a regular interval either weekly or monthly as long as you have set aside your emergency reserve and float fund, then after much you can choose to diversify into what that will still generate more income for you so you can be able to hodl your Bitcoin investment for a longer period of time.

What then could be said to be the right amount of bitcoin to accumulate till it gets to where you can be satisfied with it been much enough? I think in terms of knowing when to diversify into other investments the duration of years a bitcoin investor planned on accumulating using DCA strategy is what is important to knowing when you can them decide to diversify into other areas of investment. Without a prior set duration mapped out for oneself the investor may have not time bond target with his investment which could make him miss opportunities even in a right time to take profit.