Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Futurexxx
on 30/07/2024, 15:54:57 UTC
This method is especially useful for those who cannot afford to buy a large amount of bitcoins at once but are willing to invest in bitcoins. Only they can invest in this method and buy bitcoins in small amounts and hold it according to their specific goals.
I cannot completely agree with you. Because, as far as I know DCA method works for everyone and all types of people can invest in this method. DCA method is considered as ideal investment method for small scale or large scale investment. DCA approach reduces the risk of loss in the long run.


I agree with your sentiment here, the DCA accumulating strategy works mostly for someone that has the intention of holding for a very long period of time, because since you are buying in different price interval, you wouldn't reap the full dividend of it,, if you aren't a long term holder, so as we are still in the early days of Bitcoin, any buying price now will be very much ok, but in the future, when Bitcoin has already skyrocket to one million dollar, the DCA accumulating approach wouldn't be that idea again, so I urge all Bitcoineer to seize the opportunity now and utilitize the DCA accumulating now that it's still effective.