Post
Topic
Board Bitcoin Discussion
Re: What you need to understand about Bitcoin
by
uswa56
on 11/07/2024, 16:34:05 UTC
Volatility is a factor of Bitcoin functionalities, jus like an inherent trait that Bitcoin works with, for investment purpose, since Bitcoin is best performed when viewed on a long term perspective, maximizing every price point to buy more of Bitcoin is the best, with DCA strategy of accumulating Bitcoin, one can buy Bitcoin irrespective of the price point either weekly or monthly and by so doing, you average out your losses by buying at different price point, yeah you are very correct that every transactions should be made with all alacrity and carefulness in order not to loss your coin out of carelessness.
Understanding the volatility of Bitcoin, of course this will be very important when we have plans for investing in the long term so that we can choose the right strategy in collecting Bitcoin to be able to gain profits from holding Bitcoin, if you use the DCA strategy in collecting Bitcoin then this will be very important. useful for you in the future, when the price of Bitcoin increases, you will be able to make a profit from it and be careful in transactions, of course this is also very important and don't let us not properly store the wallet key in which we store Bitcoin assets, of course we have to guard it carefully. good so that it doesn't go to waste after collecting it with great difficulty.