Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Churchillvv
on 13/08/2024, 21:53:17 UTC
⭐ Merited by JayJuanGee (1)
Perhaps the only way to learn is to ask questions, I would prefer you ask questions where seems confusing to you than for you to create some level of assumptions that seems very lame and unrealistic. looking at the context of the thread there are few other threads where you can learn basic things about bitcoin investment and smarter ways to buy and hold for a longer term if you indicate interest in them or such thread I will be glad to refer you to some of JayJuanGee's thread which he discussed the basics on each entry that you could make. this threads are even suggested outside the forum which shows the level of original and how true it is, now I would love you to ask or request for links if you're interested but if not you can stick with this thread and ask questions instead of confusing others with your own perspectives.
Okay, thank you in advance.
In this thread I read a lot about DCA, and after I found out that this strategy I think everyone can use it because it doesn't seem to need a lot of money to do it, you just have to be consistent in doing it.
But is DCA the best strategy to use?
Apparently, Dollar Cost Averaging is the best strategy for me and you to invest in bitcoin, there are solid reason why DCA is currently the best for you. there is no way buying the dips would be the best for you at this point because you don't know for sure when there will be dips although at this moment we are still in the dips but why I say it's not best for you now is because you have to wait for some time which is not certain to buy but DCA gives you the opportunity to buy instant and not wait for any reason. Futhermore, buying the dips strategy always gives you a discount but the inconvenience in buying the dips matters too DCA gives you around opportunity which includes time to settle all other necessary things outside investment.

There are more reason I would prefer or reference you to DCA strategy but I would say less because you will find out the rest here as time goes on if you listen carefully to JayJuanGee's clarifications.