Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
adultcrypto
on 25/07/2024, 17:10:26 UTC
⭐ Merited by JayJuanGee (1)
Yeah I completely agree with you, as it takes fewer and fewer of Bitcoin to build a good size up to a reasonable amount, just as the saying that a thousands drops of water can make an ocean so is the effects of the dac strategy, most importantly consistency should be an imperative as regards to working towards achieving a good size of Bitcoin, the DCA strategy has tremendous benefits the reason why it dominates the thread, it gives room for the inexperienced to be in the market on time without attempting to gain much of the knowledge before entering the market, the DCA strategy is a strategy I personally call the super strategy as it can be use by any categories of investor.
We should always keep our goals high and never get discouraged. Maybe before starting investment we can think that if I invest 20 dollars every week or 50 dollars every month then my investment amount will not be much at the end of the year. I would say to all these investors that no amount of investment is small. If you can invest 50 dollars every month then at the end of the year your investment amount will be 600 dollars and if you keep this investment for five years or seven years then calculate once how much your total investment amount will be at the end of these five years or seven years. We always have to think big and plan accordingly and try to execute the plan. There may be many hurdles in long term investing but those who overcome those hurdles and maintain their investment consistency are the true investors.
I sincerely agree with you because I have seen the power of little actions done repeatedly and that is how big things are built. This can also be applied to bitcoin and this even make it easier and stress-free. The example of $50 per month which you use might seem very small but when this is done over several years, that is wealth real wealth that is being created and might even be the highest saving the investor would have made.

When I checked my investment wallet in blockchair explorer, I realized that those little investment I made when bitcoin was below $30k have all become big now. Then I was able to get a good fraction of bitcoin, far more than I am getting now in my DCA for the same dollar amount. Assuming I said let me keep the money or wait until I have big amount of money to invest in bitcoin, I would have been spending X2.4 to get the same quantity I have now. This is really an eye opening for me and I can only tell anyone to buy with any amount they have and never feel the money is too small. Those small money when invested consistently can become something significant.