Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
reagansimms
on 31/07/2024, 06:01:19 UTC
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The DCA method is not only for those who want to buy Bitcoins but cannot buy them all at once due to lack of funds.  The DCA method is for anyone who wants to invest in Bitcoin.  Everyone knows that Bitcoin market is the most volatile market.   If you are a true investor, you definitely don't want your money to be lost after investing.  To catch up with what you said I would have had to go back another 8,9 months and invest when bitcoin was $35k,$36k.  But now the price has reached $70k!  Now what if someone invests a large sum of money at once, and 2 days later the price of Bitcoin drops to $40k?  Have you thought about that?  I think no investor can think like that.
Because the Bitcoin market is known to be very volatile, it allows investors to use the DCA method to invest in the long term by buying Bitcoin regularly. This method will not work perfectly without being accompanied by financial, mental and patience readiness. The funds used should not be used for other needs in order to be ready to withstand shocks in the market, investors must also have a mentality that is ready to withstand emotional turmoil when the value of Bitcoin continues to fall and patience in investing is needed because the situation that occurs in the market is not always smooth as imagined.

Investors certainly do not want their money to just disappear, there are always efforts to find ways to keep the invested value intact and get profit from the investment. In investing you must be able to think realistically, never get caught up in market conditions and assume prices will continue to rise. Now that Bitcoin is starting to trade at a slightly higher price, you should be patient and wait for the price to drop, when you buy at a lower price, your money is not tied up too much if the price goes lower because you can activate the DCA strategy afterwards.