Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Buy the DIP, and HODL!
by
Popkon6
on 14/08/2024, 23:30:08 UTC
⭐ Merited by Glen Hoddle (2)
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

Newbies to Bitcoin investing should always keep an eye on the market, because the more information about the price of Bitcoin in the market, the more attracted new investors are to investing. Now generally in terms of investment newbies can invest the most because the bitcoin market is dumping now so regular investment following DCA method will definitely lead to success. 

But the price of bitcoin is going down so bye should not panic and invest more. Bitcoin investment should be done in such a way that it is possible to be sufficiently self-sustaining by making regular investments. And while new and old investors are definitely having the most success doing this DCA method, this strategy is the single best strategy for investing in Bitcoin.