Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Sim_card
on 01/06/2024, 12:56:37 UTC
⭐ Merited by JayJuanGee (1)
actually there is nothing strange about the phenomenon you mentioned, we are all aware and understand very well that the crypto market is very volatile, the coin you buy will not always experience an increase in price when you buy it, the price may go down and our attitude is what determines to sell or hold. Have you ever heard of the DCA method? Well, currently it is the investors who use the DCA method who profit, not the traders.

Personally, those 3 letters are quite familiar to my ears. Yes. DCA is one of the most effective and widely applied purchasing strategies currently in investing in crypto.

The crypto market is very volatile, that's what it's like and it doesn't make someone who already knows the inherent risks immediately leave because they can't stand it, but rather it becomes an opportunity to buy back.
@Lamkuthang, you should be specific with the word bitcoin and not cryptocurrency because we also have shitcoins as crypto, and they are all waste of time to invest in. This is why you should always say bitcoin, because it is because of bitcoin that we are all here and only bitcoin is worth to DCA on. Bitcoin is volatile no doune and that is why anyone that wants to invest in bitcoin should invest in a long term with his discretionary income using DCA in order to limit the risk in the volatile nature of bitcoin, so that he will be able to hodli his bitcoin investment and grow it for 4-10 years and above. When DCAing, you need your emergency, reserve funds and float to back you up for success.