Post
Topic
Board Beginners & Help
Re: DCA, the most convenient way to increase your bitcoin as an investor.
by
I_Anime
on 20/08/2024, 22:47:25 UTC
I also think checking price before buying Bitcoin goes against DCA strategy. DCA means investing fixed amount of money regularly no matter price. It is about investing automatically and not making emotional decisions based on market ups and downs. By not worrying about price we avoid delaying and missing chances. Buying low can lead to bigger profits but waiting for perfect moment can lead to indecision and lost opportunities. DCA helps us invest steadily and reduces  impact of market changes. It is a way to invest smartly and avoid making emotional decisions.

That's indeed true, when one is basing in DCAing there's no need of one checking the price of Bitcoin before purchasing. Because one of the reason of DCAing is because we can't actually predict the market movement. Like we can't tell if the market will continue going up or continue going down, so instead of one stressing he or her self , he or she can easily go into DCAing in order to purchase and different price interval a d avoid missing out big time , because the process of waiting for the price movement before purchasing may lead to one missing out countless times.