Post
Topic
Board Nigeria (Naija)
Re: Must love the DIP in other to maximize profits
by
laijsica
on 19/08/2024, 08:58:13 UTC
When it comes to investing in Bitcoin, you will surely love the DIP,   No one makes an investment without expecting profits in return, apart from maximising profit DIP also leads to increased adoption as most persons becomes more interested in buying Bitcoin with the hope of maximising profit, DIP also reduces volatility as the market focuses more on Bitcoin fundamentals,So most time when I see a DIP I put so many things into consideration which will determine me investing at that time or not, but must times I invest and make profits though on a long term basis.
Determining DIP as an investor is a bit complicated though considering the surrounding price should decide to buy Bitcoin in a downtrend. If you have decided to invest, choosing the right time to invest your capital with Bitcoin should not be based solely on price considerations. If you can start depositing bitcoins with DCA method, you should start at any time regardless of the price because you don't need any special experience to deposit with this method, it is recommended to continue depositing only through long term investment strategy. By following this method in the long run, purchases of different values ​​will add to your portfolio and show an average UP which will periodically show a downward trend in value as your Bitcoins increase.