Quote from: AirtelBuzz on July 18, 2024, 10:58:45 AM

Quote from: Reredmi896 on July 11, 2024, 07:23:16 PM

I will agree to continue buying and accumulating bitcoin until I reach my target. don't care about price increases, and negative news that will make me skeptical. I will only focus on one point and walk straight to my goal. because my goal is still long as long as there are no problems with my finances, keep collecting if there is a price reduction it is a discount to continue accumulating. and it would slow down buildup if I relied on waiting for price drops. besides that, I am not a psychic who can predict when the price of bitcoin will fall, so as long as there is money that can be allocated for regular purchases there is no obstacle to continuing to accumulate

Yes before investing we should set a target and make sure that we don't stop investing until we reach that target. Whenever we invest whether the market goes dips or bulls, we focus on our investments so that we are able to keep our investments moving. If we do DCA regularly, we may not have to wait for the market to drop, because this method allows us to buy any amount of Bitcoin at any time. Be it small or big. If one always waits for the dip season in the market then his investment may not grow because he will only wait to buy at low prices instead of investing regularly.

One thing thay I love about the DCA method of bitcoin accumulation is because it allows you to buy with very little amount and pile it up overtime before you know it you will be surprised at the size of your bitcoin portfolio. Slow and steady wins the race is better than waiting for the dip that may or may not come.

This is the method that I have being using to accumulate bitcoin for sometime now and it is really effective because i do not expect I could have this size of bitcoin that is in my wallet assuming I didn't use DCA because I am a low income earner.