Quote from: Mayor of ogba on August 25, 2024, 11:13:40 AM

Quote from: As-Soon-As on August 24, 2024, 08:16:12 AM

Quote from: Zackz5000 on August 24, 2024, 05:45:36 AM

Quote from: ginsan on August 23, 2024, 09:01:52 PM

Quote from: Tmoonz on August 23, 2024, 07:16:42 PM

In as much as the DCA strategy has enormous benefits and how much of it's dominance in terms of discussion in this thread and forum at large, I don't think it is ok to suggest that one should stick to what works best for others, every strategy has it's own unique functionality and should be applied to suit him or her and moreso, what is most important is to increase the size of our Bitcoin.

Whichever strategy or strategies that is being employed by an investor in ensuring achieving a successful investment is good.

Of course I totally agree with your opinion because DCA is the best strategy to apply in Bitcoin investment. Apart from the price fluctuations that make DCA very good to apply because we can buy at different price levels every week. For that I also think that everyone has the same goal, which is to buy at dips and hold them. There is nothing to think about far because everyone certainly wants to increase their bitcoin ownership by accumulating regularly.

Indeed, there are many ways for them to satisfy themselves by implementing a strategy that is fairly comfortable for them, but in general DCA is the most widely used. Today bitcoin has gone up 4% where in this writing the price of bitcoin is traded at $63500 where the reversal is quite fast because two weeks ago bitcoin had fallen drastically and the big conclusion is of course with DCA we do not miss buying when the price drops like what happened in the last two weeks.

Although no one expects a decline to occur, market conditions still cannot be predicted correctly because the price of bitcoin could rise significantly and vice versa. Therefore, prepare cash flow as well as possible during our investment journey so that we can take advantage of the moment to increase aggressively when the opportunity arises.

We shouldn't only accumulate Bitcoin when it is dip for it is important we accumulate all season though the dip is just an opportunity for an investor to accumulate enough Bitcoin and HODL but if the goal is only to accumulate when it is dip it will really delay our Bitcoin investment journey. So I think the goal should be keeping on accumulating more Bitcoin and HODL weather the price of Bitcoin is dip or not the importance thing there is how much Bitcoin you were able to accumulate and how long you were able to hodl.

there is no fear in Bitcoin investment if the DCA method is followed to sustain the investment for a long time.

You are wrong; even if you are accumulating bitcoin with a lump sum strategy or accumulating through buying the bitcoin dip, there's no fear in investing our money in bitcoin because there's no fine or punishment placed on anyone who invests his money in bitcoin. The only time there will be fear in bitcoin investment is when you invest your whole money in it or when you invest in bitcoin without keeping an emergency fund, reserve fund, and float because, if there's an unforeseen problem, you will depend on your bitcoin investment to sort it out.

You are absolutely right, there is no fine or punishment place for anyone who invested his money in Bitcoin and vice versa, investment is something we shouldn't force people to do rather it has to be a willingness of heart or mind and I think most of the people who end up doing bad or not doing well in their investment is because they are not willing or ready to do it. Permit me to say this, we all know Bitcoin has stayed for years and has shown us proved that it existence is going to be long but we can't tell how long it's going to be so for this reason Bitcoin investment is not 100 percentage guarantee I mean anything can be possible but since we have made up our mind to invest all we need do is to be positive and hope for better future with Bitcoin investment. No matter how one trust a particular project, It will be very unwise for someone or an investor to use all his money to invest in a project. Don't get me wrong, I'm saying this because I don't want anyone to have a wrong mindset or thought about Bitcoin investment that's why we are advise to use what we can afford to let go.