Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Bitcoin, and HODL!
by
Uhwuchukwu53
on 16/06/2024, 06:09:07 UTC
⭐ Merited by JayJuanGee (1)
These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.
It is not only rich folks that buy bitcoin with the DCA strategy; even a newbie can start his bitcoin investment with a lump-sum strategy in some situations. For instance, if a newbie starts accumulating bitcoin late, he or she can decide to do a lump sum buy on bitcoin to accumulate a good quantity of stash before the bitcoin price is too high, and he or she will continue accumulating bitcoin with the DCA strategy.

The believe that Bitcoin buying, accumulating, or investment strategy are only for the rich are those who speak on ignorance, there is no strategy of Bitcoin investment that is design or allocated to the poor, all strategies is available for everyone who felt is good for himself, all this strategies are just like market products that has close substitute your individual make their choices depending on what it might seem to be a favourable while running the investment, I always puzzle those that raise issue if DCA design for the poor how limited they are in knowledge of understanding that ni strategy is made for the poor but every investor that find it favourable for him or her. Assuming this is market products there always remain a product that individual go for most despite having a close substitute that doesn't make other less value or those that buy the once that most people don't go for poor it all about individual choice.

The Major reason many prefer DCA strategy is that it gives room to start small if your considering a lumps sum where the money may be huge it may kill the moral of investment but DCA make it more easier that you will invest gradually and make it huge with the stress and feeling of hie huge the money is, if one is arguing that Bitcoin is for the rich because of usage of lump sum I will not argue much reason because nit everyone can invest huge immediately mostly newbie's because lump sum required huge ordinarily Bitcoin investment and strategy is for everyone one but the area of lump if your not financially competent you can't run into it and the money been huge kill some interesting if newbie who might felt that it's not for them that is why most say it's for the rich but DCA allow all kinds of level of investor both the rich and the poor the investment must not be huge like lump sum it's a gradual process if your financial ok you can still make it big no restrictions.