Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Buy the DIP, and HODL!
by
Sim_card
on 14/08/2024, 22:46:59 UTC
⭐ Merited by JayJuanGee (1) ,Odohu (1)
You should follow the Bitcoin market constantly, because if you are not constantly reflecting on the market, you will not be able to focus on investing properly. Especially when investing in DCA method, market research must be done, especially as regular investment will attract newcomers more. A new investor can participate in repeated investments to grow his portfolio only through the DCA strategy.

I totally disagree with you. An investor should not look at the Bitcoin price at all, when you invest in the DCA strategy, why do you need to look at the price? DCA strategy requires you to buy when the price is up and buy when the price is down. Excessive market review can be detrimental to the DCA strategy. Lured by the lure of higher profits, you may shy away from DCA. This would not be desirable at all.
concentration of bitcoin investors lies on the price, about 80% of investors consider the future price of bitcoin before they invest on it, I know that whenever the price of bitcoin decreases in value many investors utilize the opportunity knowing that the possibility of the price getting increased is that high, and that's why you can see Bitcoin investors targeting the price of bitcoin to decrease so that they can use the opportunity they use such opportunity to make profit massively, the beat time to accumulate bitcoin is when the value or the price decreases
It is impossible to know when bitcoin price will dip and how long the dip will last or the bottomine of the dip because no one can predict bitcoin price movement,talkmore of rimming the price of bitcoin when it will dip because I see it as a waste of time and stress in which you are putting upon yourself as a new investor. If a new investor wants to wait for the dip, he will end up having very little quantity of bitcoin of overtime, and this is why it is important for a new investor to start buying immediately he has the money to get started because that is the best time for him to buy and not when the price of bitcoin decreases.