Post
Topic
Board Speculation
Re: Buy Bitcoin, and HODL!
by
Felicity_Tide
on 23/06/2024, 22:39:20 UTC
Maybe after several years of DCA buying a guy might start to move away from DCA or maybe employ DCA strategies that are based on BTC price movements

In regards to changing of DCA strategies base on BTC price movements, can someone attempt to increase his BTC purchase when there is a dip, and maintain the usual purchase when the price is high?. For example, assuming I am using the DCA strategy with a price of $20 per week, then the price of Bitcoin experienced a dip, and I decide to go extreme inorder to buy more of the dip by adding $10 extra. But when the price of Bitcoin moves higher, I continued with my usual amount of $20 per week. Could this be a way of changing the DCA strategy base on BTC price movements?.

If I want to hold bitcoins for 4 years then I should increase my bitcoin holdings to a point within those 4 years.

That's just it. 4 years of hodling should be a portfolio with good holdings/amount. Planning on doing it for 4years, there should be a decent amount that would bring a decent reward after the 4years. But the longer we can hodl(holding>4) our portfolio and accumulate a decent amount, the better it becomes.