Also its good that we are discussing about bitcoin investment in this thread so that we could also figure out if there's something wrong with the methods we use. So that we can be corrected and make our investment to get good result in future. That's why its ideal for new investor to participate on a discussion like this since for sure there would be a lot of learnings to get especially that they can read multiple opinion which can make their mind sharp towards dealing on any possible scenario that they might encounter in future.
I'm impressed on how people deal with their investment and the way how they share some valuable information this help a lot of investor especially when they are seeking for some valid opinions regarding on some pointers that they are considering to follow.
So hopefully all of us here will earn success so lets continue to plant and for sure there would be a good harvest to come in future.
This just remember me of something I learnt about rules. I guess I heard it in a movie.
There are so many rules here,
Some are written,
While others are not,
You learn those that are written by reading,
And learn those that are not written when you break them.I think when we go through the internet inorder to search for Bitcoin investment strategies or information, we sometimes see so many related concepts that talks about the same thing without adding something new. But the purpose of having such discussion on this thread enables new and old investors to foresee the
none written investment strategies that we might not find elsewhere, as most people who share this things might have had personal experience with them. So most times, I just prefer reading through people's opinion to learn rather than add what they already know.
Rules are guidelines and if followed properly one would not make mistake that will affect him in life. In investment generally and Bitcoin investment specifically i can relate the strategy to be one of the rules. Many people dont see the importance of following a well structured strategy to achieve their goal. They might know a lot of strategy but there is the saying that 'jack of all trade but master of none'
An investor who tries several investment strategy along a goal path is bound to fail or experience difficulties along the line. There is great importance of strictly adhering to one strategy during a target goal. Although it is in our hands to decide which we would rather use, and at the end of the day we would take responsibility of our decisions.
You are right but I think that after the first two or three years buying with a regular strategy let's say DCA, an investor can also learn how to tweak to various buying strategies to enable him have broad know of the market and more experience of which buying strategy will be best for him at various accumulation stage.
For example, a new beginner can start with his DCA regularly weekly, and after two years that he have gained more confidence in bitcoin, he can start saving funds to buy at the dip or use part of his reserve funds to buy at the dip, mixing it with his regular ongoing DCA to give him a better advantage of buying more bitcoin to increase his portfolio fast. He can even front laid his bitcoin investment if the price is going higher. However, whatever method that you think will work for you is what you should use as long as you keep on increasing your bitcoin portfolio.
You are on point, but how about after a beginner has followed your suggestion for two years and then decides to sell at a very good price in order to buy the dip?. I think the beginner should be able to buy more this time around as their DCA must have accumulated a lot over those two years. What I mean is that this DCA approach is very good, especially for beginners, assuming it is done for two years. After the two years, the person can then sell at a very good price, combine all the saved up money with what they get from the sale, and then rebuy the dip. This strategy should work fine, but the only constraint might be the timing of when to sell high and when to buy the dip.