Post
Topic
Board Beginners & Help
Re: Ways to invest in Bitcoin.
by
tabas
on 25/06/2024, 22:31:41 UTC
To be honest, if someone has money to invest on the market then it's best to do a lump sum so that you won't have any emotional barrier upon doing that. Why I said that? It's because when someone is trying to invest on Bitcoin during the dips, the investor might feel that there's gonna be another fall and there will be some delay of investing due to the fact that it might fall lower again upon waiting. Yes, DCA is a good one but with that kind of money, and you know that it is the dip, you have the choice to buy it on the lumpsum for you to just spend that money away to the market and you only have to think about waiting.
You are right and that is if you have prepared for the dip and you were lucky enough that the market dip
If not waiting for the dip is not a good approach to inv3in bitcoin if you are no coiner or low coiner bec2whike you are waiting, the dip might not come. DCA is good for new beginners as long as they are consistent with their bitcoin accumulation regularly weekly or monthly. Buying at the dip is good for those whose bitcoin portfolio have reached a certain level or 50% and above of your bitcoin target. Lump sum is good when you lump sum immediately you have the money either in the dip or not.
The dip will always come regardless of what the market situation is. Like what we've got for this day and a day ago, there's a bloody dip that has come and those that have been waiting for. Let's say that a guy is on DCA but then the timing came that he's got no money at all. While that person who will do a lumpsum has got money and did it when Bitcoin reached $59k-$60k. That's a good one and now if someone has done that, they're already in profit as the price went up again to $62k which isn't a bad move and recovers in less than 48 hours.