Re: Buy the DIP, and HODL!

yes, I am a beginner who uses the DCA strategy to accumulate bitcoin which I am targeting for long-term investment, here I use the DCA strategy instead of other strategies because this strategy is easy to implement, and for me DCA provides a solution to investors like me who only rely on my monthly salary to be able to feel the benefits of investing in bitcoin, I just think simply, I allocate part of my monthly salary to invest in bitcoin, the same as me saving my money for the future that I plan, I don't really look at market developments, this will slow down my investing due to panic and that can mess with my thinking.

DCA investment strategy will definitely make your long term investment easier. If people who invest but do not know about DCA investment strategy are discussed about this investment strategy then they will definitely invest in this strategy excluding all investment strategies. DCA investment method is a simple and effective investment strategy. Investors do not need sufficient amount of money to invest in this strategy but if that investor has the ability to invest a certain amount of money regularly.

If you are a new investor then surely this investment strategy will work for you. You just continue to invest in this strategy consistently and at some point you will realize for yourself how positive this strategy has been for you. When you look at your total investment after a long period of time, you will be amazed at how much you have invested even with small investments.

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 agree with your strategy for depositing Bitcoins. Also depositing Bitcoins in the DCA method consists of buying at various prices until a desired point is reached. If you increase the buy during the bearish period, the bitcoin stash will accumulate to a greater extent. This can be a breakthrough way for small investors to accumulate Bitcoins as Bitcoins are accumulated from a portion of income every month that grows over time. It is normal to have obstacles in every field but it can be more pronounced in case of investment, in this case it is important to have cash fund for emergency needs. Another thing you should keep in mind is that real assets should be preferred so that you can continue your deposits for a long time and eventually own a huge bitcoin stash.