Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Popkon6
on 12/08/2024, 23:47:25 UTC

Thanks for the tips! With DCA, as I understood, the factor of the volatility of the market can be minimized a bit, and I would agree that buying each and every time on a specific timer (one a week, half a month, or a month) is beneficial to a person, rather than just waiting for a dump to happen (because it may not) because of the facts you and many others here talked about.

But it is most important that you have a plan, because without a plan you will never reach your destination. It is most important that you have a plan if you are going to buy bitcoins according to your DCA method. Because holding in the DCA method requires you to keep your bitcoins alive for a long time, the risk of holding is that you will not be able to sell them. 

That's why you need to have a separate fund to meet your family's basic needs, as this gift will definitely help you to hold Bitcoin for a long time. And there are other ways which can be followed earlier and you can make bitcoins longer term according to your convenience.