Post
Topic
Board Speculation
Re: Buy Bitcoin, and HODL!
by
Taskford
on 15/06/2024, 08:31:22 UTC
Yes this will usually be the best strategy for a poor holder, as not everyone may be in favor of investing with accumulated money. So that person can regularly participate in bitcoin investment with small amount of money which is the best strategy for him. You notice that investing in the DCA method is much more likely to be a maximum long-term investment, because the price of Bitcoin is not always dumping and not always pumping.  Therefore employing DCA method is maximum perfect according to the Bitcoin price, and it controls the average price.

The DCA strategy was not designed for poor investors; both the rich and the poor can use this strategy to accumulate bitcoin if they want to. Every investor accumulates bitcoin with the DCA strategy for different reasons, but one of the main reasons that attracts people to use the DCA strategy to accumulate bitcoin is that it will control their emotions. With the DCA strategy, you will never want to wait for the bitcoin price to drop before you can accumulate a stash. You will accumulate bitcoin anytime your money is readily available, even though bitcoin is high, because you know if there is a dip, the DCA strategy will still allow you to accumulate bitcoin.

It designs to all and very manageable strategy to use by anyone. That's why this has been the hottest topic since many think that even newbies can able to do this strategy since its easy to understand and execute depends on there willingness to invest at certain times.

But they should not forget that there are other good methods to use like lump sum investing which people could also consider to use and they can diversified their portfolios by using this. Now its up to the investor to research on which strategy is suitable for them since both DCA and lump sump is good methods to use for their investment on bitcoin.