Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
DubemIfedigbo001
on 14/08/2024, 21:30:39 UTC
⭐ Merited by JayJuanGee (1)


The DCA strategy is always proposed for those that have a lot of time to to accumulate bitcoin and don’t have the funds all at once to put in them.
. The main reason for DCA is to mitigate the loss in capital invested when there is a decline in bitcoin market.
I think you got it wrong here, the main reason for DCA is Bitcoin accumulation. Remember it's one of the three methods of accumulating Bitcoin which are lump sum, buying the dip and DCA. All these methods have one most important goal which is increasing your Bitcoin portfolio which is why you can utilize more than one in your accumulation journey where it applies better for you.

DCA further helps smoothen the volatility in the price of Bitcoin as an added advantage in your accumulation journey. Again there's nothing like loss in capital, you either buy when the price is higher or when it's lower, or better when there's a dip. Holding for a long time promises you good gains as against short term price fluctuations you might experience.