buying and hodling:
Buying and holding is the simplest way to invest in Bitcoin, and it involves simply purchasing Bitcoin and holding it in a digital wallet. And there are different strategy in which one can use in accumulating Bitcoin and hodling which are.
DCA strategy ( Dollar Cost Averaging): this is an investment strategy where you buy Bitcoin at a regular interval, not minding the price. One can just set a particular amount which he or she will be using to buy Bitcoin it could be weekly or monthly. I'm using the strategy and it has been a wonderful experience so far.
Buying during the Dip: this is also an accumulation strategy it involves waiting for Bitcoin to dip before accumulating or buying.
Lump Sum: Some people decide to buy their bitcoin all at once at a price they feel is good for them. This strategy is referred to as Lump sum. one can just be saving till when he feels he has enough money he can just purchase Bitcoin using all the savings or one can use an inherited money to purchase all at once.
The main advantage of buying and holding is that it is simple and straightforward.
This are all amazing method of purchasing or accumulating bitcoin, but the most common, and most recommended especially for newbies is a he DCA strategy, is one of the strategy that one don't need to have large amount of money before going into. Because it is the purchasing of bitcoin in lesser quantities either weekly or monthly. So one can fixed his DCA amount to be $20 weekly aslong he or she are being consistent, they will surely get themselves a nice Stash goes on.
But still the other methods are also nice like buying the dip , most time with the use of reserved funds (and amount money set aside for the dip ), and we also have lump-summing, which is the purchasing of large quantities of bitcoin once without any means of breaking the money down like DCAing . So is like the opposite of DCAing.