Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Cryptoprincess101
on 01/08/2024, 19:35:38 UTC
The reason for DCA strategy is not for profit so don't be confused about that because I noticed that most people have been having a misconception about the purpose of DCA because I have also seen that most people think that DCA strategy guarantees a successful investment, actually DCA is just a normal strategy and utilizing it in terms of accumulating Bitcoin depends on individual or the investors also in terms of profits is actually depends how far you have accumulated on your investment that determines it because there are people who can use DCA strategy but could not still see any good return after holding because they failed to continue there investment.
Hmmm this is the first time am coming across someone saying that the DCA strategy is not for profit making because basically what is the essence why we are investing in Bitcoin for a long term if not for profit making? The DCA strategy is the best strategy in Bitcoin investments that anyone can think of because it gives you the freedom of buying Bitcoins no matter how small it is so far as you are buying it regularly without it affecting your other business of life that is why we are advised to use disposable amount to invest in Bitcoin. The reason why I said the DCA is the best strategy and for profit making is because of the enablement to buy Bitcoin without feeling pressured, someone can decides to do a lump sum and after investing he may discover that he needed money to attend to his other needs so he may sell part of the Bitcoin he already bought and for someone who wants to buy at a DIP price, he may end up not buying if the price didn't DIP but with the DCA you can buy without minding the price of bitcoin at that particular time.

do you think those great investors actually use the DCA method now? And even if they use it I am pretty sure that it will only be few of them if at all they use it any method one chooses is best for the person not for everybody perhaps you can say is the cheapest or easiest way to go about Bitcoin investment.

Why do I get the feeling that you only see DCA strategy to be only use by people who only have smaller amounts of funds, on the contrary it can also be use by anybody including the rich because DCA strategy doesn't limit people from accumulating with a certain amount because you can accumulate using any amounts of money you can afford, so of course both the poor, rich and successful investors uses DCA, perhaps it seems you draw your conclusion through the several discussions that was talking about accumulating with a smaller amounts, actually those advice was only for those who barely have enough money or source of income but in the case of those that are wealthy they can possibly use any amounts whether big or small so long as they keep up there regular accumulation they are okay.

Yes anyone can use the DCA but majority of people who used the DCA are people that want to start with a small amount, some rich investors also consider using the DCA but they're very few of them since they have the money to buy huge amount of Bitcoins at a go so they see the DCA strategy as a time consuming method since they will be investing the same amount at different intervals when they can just hit it once and watch their investments grow but that not withstanding, for someone who is still in the accumulating stage of his investments, the DCA is preferable to other methods of investing in Bitcoin