Quote from: I_Anime on August 03, 2024, 10:11:27 PM

Quote from: GigaBit on August 03, 2024, 05:47:19 PM

Quote from: maydna on August 02, 2024, 11:11:48 AM

It seems our hopes to see $100k needs to be waits for more as the market is going down. We don't know how long this correction will stay in the market but we have a good chance to buy more amount at a lower price. This situation makes us to have more patience in waiting for the market to be back increase.

But don't panic when we seeing the market still going down for more because that will be temporary and it will increase. Hopefully, we will have other good time in the next week so the price can increases back.

The price rise or fall of Bitcoin is a natural process. And since it is the most volatile, investors are always suggested to accumulate bitcoins. For those who plan to hold Bitcoin for the long term, price volatility is not an issue. They can collect bitcoins without any worries. Those who value DCA will benefit the most. Bitcoin will create new ATH today or tomorrow and thus they will cross $100k anytime but not everyone will benefit there only those who hold Bitcoin will benefit. It is important to stay focused on a specific target rather than panicking over a temporary price decline in the market.

Yeah DCA is one of the most method with alot of benefits attached to it , because one will be able to accumulate Bitcoin at different price intervals , without any fear of the dip , instead accumulating when the price is high or low. And this method is not only for those who don't have enough cash , is literally for everyone who have interest in investing in bitcoin, we also have some nice means of accumulating Bitcoin which is lump-summing ( buying in bulk or going all in at once). This literally help to boost one accumulation given them a good head start in their accumulating journey.

You are right. The DCA method is just the right way to accumulate bitcoin for each individual which can further influence the stash's growth over time. Lump sum is not generally affordable for everyone but DCA applies to everyone, rich or poor. I think if you want to accumulate bitcoins you should start today you don't need to wait for the price to dips because every buy of long term DCA positively affects the growth of your bitcoin holding regardless of the price.