Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Odusko
on 23/08/2024, 12:39:48 UTC
Experience is the best teacher no doubt but sometimes you can not possibly learn from other people's experience because you won't know or understand the magnitude of the experience and  I want you to know that every strategy is unique in there own way, DCA method doesn't give investors the mindset of being consistent rather investors disciplined themselves and know what is right to do because there are a lot of investors who uses the DCA method yet they are not consistent with it so that method doesn't give investors the mindset to be consistent. Just like I said earlier any strategy can be good and perfect depending on your capacity, you are sounding like a trader at the end of your post however, you can't incur loss because of change of strategy rather you can become stranded and biased if you don't know how to manage your investment and your income.

DCA is the topic we are discussing here, but then I have to acknowledge your comments when you. Mentioned the rule of the individual motivations and approach to investment being the cardinal of the possibility of a successful ending in such an investment journey, this have triggered some level of discussion over a couple of time and each time I make it clear that personal Experience matters most much more than lessons that you learn from a third-party own experience, and many failed to take note of that, and making it sound and look as if they can actually learn the right lessons from another person experience or mistakes, but knowing the fact that it is best to learn from your own mistakes, so is the DCA journey, no matter the wealth of experience we share here in this thread, and the newbies bitcoin incesmentors don't take action in their own way and limits, there is no way their aclamatise the lessons and fit it into an experience that could lead to a successful long term Bitcoin investment and accumulations using DCA approach to achieve such a a success.
Widely taken to be and mean skills, are the success stories of old Bitcoin investors, some newbies believe because investors A is successful in his Bitcoin investment, whatever Mr A give out as an Bitcoin investment model is taken to mean the right and perfect thing's in DCA to be adopted,  while some of them succeed with that, many other's will fail along the line since the reality of life iss different a d everyone luck differs also.
What works for me A may not likely work for mr B, so there is the need to build all the necessary personal skills and experience that will add our winning at all time.