Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
cryptoWODL
on 28/07/2024, 03:44:05 UTC
This thread is helping a lot not only new investors but also experienced investors. I did not understand at the initial stage how to invest with Dollar Cost Averaging method, what is the benefit or purpose of investing in this method? But after reviewing this thread and even coming here I spent a lot of time trying to learn slowly.
DCA method is the best method for Bitcoin, this method is the best of all times.
I don't know if dollar cost averaging is the best way to invest. However, this method makes investing easier for many as it is a method followed by buying and accumulating bitcoins in small increments on a weekly or monthly basis. Using DCA we can buy any amount of bitcoins we can afford, with the sole purpose of reducing the average cost. Since investors buy bitcoins in fractions this way, holding them for a longer period of time will be beneficial.