Quote from: SuperBitMan on Today at 12:33:10 PM

Quote from: EclipseXcrypto on Today at 05:48:12 AM

Quote from: adultcrypto on August 07, 2024, 11:59:15 PM

The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly

Absolutely adultcrypto, the market has been full of opportunities for accumulating Bitcoin with all the market movements happening. It has been rewarding both DCA'ing and those buying the dips. But some folks refused to view it on this manner they prefer to complain or some people focus on the negative thoughts during dips instead of seeing the opportunities presented in the market for investors DCA'ing and those buying the dips. Trying to predict the market is very stressful, that's why Sticking to a DCA strategy especially when the market behavior is very unpredictable. Buying and HODLing bitcoin is the best way to go, it allows the market display and unfold different circumstances why you stay focused in accumulating and increasing your holdings believing in the potential growth.

There are many Bitcoin investment strategy and the reason DCA strategy is preferable for be is because is the best for those who are working and receiving salary monthly, this strategy won't be the best for a contractor who gets contract once in a while.

Now are you trying to say that the contractor is paid every contract entitlement at once?, or are you saying that those contracts finished as soon as they're sealed?. I've never seen that pattern since I started seeking for contracts, every contract agreements has milestones and when such milestones are reached, certain amount of money is released by the employer to further the project. Not minding that contractors gets contracts once in a while, most contracts lasts as long as several months, so the contractor can plan himself to be consistent with DCA from periodic funding that comes from projects he undertakes. Some contracts even lasts for several years and there's consistent funding, so it's almost the same thing. Consistency can be achieved irrespective of your job description, as long as funds are available, proper planning puts everything in place.

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Which ever way one chooses but it should be what will suit you.
Yeah the dip is a good opportunity for everyone to accumulate more Bitcoin irrespective of the strategy you are using.

This is even where the contractor gets more advantage than the salary earner as more funds are made available to him to plan for a longer period of time. If for example, he buys $200 Bitcoin monthly and he sealed a deal of $10000 contract with 60% upfront payment and the dip presents itself within that period, he can opt to buy the dip at once with like $1000 which should have been for 5 months and then plan to buy again from the next 5 months.

Now he's gaining because he's purchased more quantity at the same price that a normal salary earner would still meet up with in 4 months time.