I don't know but if you are a new investors, you shouldn't complicated things in your end like selling it early and not holding it for a long time. I think that's what social media bring to his new investors though, as if they are being program that you don't need to be organized. You just buy and when you see profits, then sell it.
On the other hand, there could be new investors that totally shut down themselves from this crypto influencers, and don't complicate things by just buying. And maybe they don't really know what DCA means, but they might have been doing it in practice in the beginning.
On the other hand, there could be new investors that totally shut down themselves from this crypto influencers, and don't complicate things by just buying. And maybe they don't really know what DCA means, but they might have been doing it in practice in the beginning.
In Bitcoin investment, I don't see trading as an option because it's just a way of lying to yourself that you are actually a Bitcoin investor while you are just obviously gambling with your funds via short term investments and it's quite funny that most of these trader consume their profit and use the capital to strive again for more profit. It's true most of these newbies get their information source from influencers who happens to be majorly traders and they get confused and brain watched thinking trading is the way forward but that a big lie. There is a way the mind works when you keep trading your coin, it lets you feel comfortable and makes you anxious of the profits you make and that eventually blind folds you of the benefits of long term holding. There is a wise saying that "sow now and reap the harvest in the future" long term holding is a form of investing for the future while short term trade only let you focus on the present while you miss out what's coming. Those who held to their Bitcoin investment from the first halving are greatfull they did, and this same scenario is going to repeat itself in the near future.
The current price of Bitcoin the time this post was published shows that it has gone down with 2.35% and this is definitely an opportunity to keep hitting the buy and enable more profit even as you keep up your DCA. It's the combination of DCA and buy the dip, we are approaching the dip and this could be your opportunity to make more profit while DCAing. Since I started holding without temparing with my coins, all I can see is profit and irrespective of the trend my coins are intact. Getting discipline enough without letting your emotions make decisions for you might take a while at first but that's the only way to live a happy bitcoin accumulation life. Thanks to Bitcointalk and Mr JJG for his inspiring threads.
IMG source: https://coinmarketcap.com/currencies/bitcoin/