Post
Topic
Board Speculation
Re: Road to 100k?
by
Cryptoprincess101
on 21/08/2024, 20:00:18 UTC
Some people feels DCA is met for those who are not rich but that's not true
This will be a misconception if anyone thinks like that, DCA is an investment plan, one that is widely viewed as safer. This means that it can work for both small and big investments, it now depends on the asset we are talking about, if the investor could be sure about this asset like Bitcoin, I am sure that it will be fine. Still, I love it if the investor is reasonable about it. Believing you are using the DCA approach and still buying Bitcoin at the peak, it will not save you. Many foolishly believe that if it's Bitcoin, it's a certain profit but I do not view it like that. We should always consider all conditions and let the safety of our money be the highest priority.

Actually the DCA strategy is for every investor, big or small investors and it doesn't care about the price point as the main aim of using this strategy is to acquire Bitcoin at different intervals without caring about the price at that period of time so it doesn't really mean you must buy at a lower price because even when the price is high you can still accumulate but I don't see anything like buying at a peak price because Bitcoin doesn't have a stipulated price that it would reach and never skyrocket or DIP again, so far as the price of Bitcoin continues to go higher, no price should be considered peak (highest) as all we need do is to buy and hodl no matter the price at any interval of time. Considering several conditions why making investments is good but for an asset like Bitcoin I don't know the kind of consideration that should be put in place again because this is an asset that has proven to be reliable beyond reasonable doubt