Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Obim34
on 31/07/2024, 06:51:45 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.


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.
I read few time here about this method DCA, but I am never having anything related about this as I am currently trying to invest in bitcoin for long term I need some updates and information about this if you can give link or related materials this could be great because I am not able to invest huge amount but now having strategy to invest in bitcoin small amounts which will help me and my kids in long run.
I believe you actually in the right thread for wanting to get such knowledge about investing and investments on Bitcoin. One of the advice would be to continue visiting this thread, you can't learn all in one explanations or theory, it happens with time.

The DCA (Dollar Cost Averaging) is an investment procedure/strategy/approach mostly used independently or along side other strategies which involves the accumulating of Bitcoin at regular intervals, in respect to one's financial stand or just a likeable policy. The DCA approach seems a lot more convenient and profitable in this case because you get to buy between the lows and high without being worried.