Post
Topic
Board Beginners & Help
Re: DCA, the most convenient way to increase your bitcoin as an investor.
by
cryptoWODL
on 24/08/2024, 01:31:16 UTC
So it's not surprising why a lot of us prefer to wait for the dump first before putting a purchase.  But if you have a sufficient amount of funds ready to buy regardless of the price, then never hesitate to buy. It's certainly an edge if you buy bitcoin at a regular basis.
Yes it is true that there are many investors among us who wait to buy bitcoins at low prices i.e. they wait for the market to dump. These investors may not have to wait for Bitcoin price to dump if they use DCA strategy in their investment. The DCA strategy will always give you an opportunity to buy bitcoins if you have enough budget and you develop a habit of buying bitcoins regularly. Even if you have enough funds, you should invest regularly, even if it is a small amount, without waiting for market dumping.

When the price of Bitcoin falls, it creates an opportunity for us to buy more Bitcoin at a lower price. One of the benefits of the dip season for someone who invests regularly using DCA is that they get a chance to accumulate extra bitcoins by spending that amount.