Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
Salahmu
on 10/09/2024, 09:33:10 UTC
⭐ Merited by JayJuanGee (1)
The price of Bitcoin shouldn't be our main focus now what we should have been doing is to accumulate more Bitcoin and forget about it price the reason why the DCA strategy is there is to help an investor accumulate more Bitcoin irrespective of the price level, with the DCA strategy you can accumulate Bitcoin either weekly or monthly and keep hodling for long the goal is to keep on accumulating Bitcoin and HODL for the future so the price of Bitcoin shouldn't be a thing to worry about but to keep accumulating Bitcoin and hodl.
This advice is not worth it, it has a focus/vision but lacks investment dynamism and safety, what is the ultimate goal of Bitcoin price moving up in multiples did not happen, what will be the fate of the investment? So you are wrong to have said we should disregard the price of Bitcoin, if we do that, what type of investor are we? No matter what you think of Bitcoin, you should always have your factor of safety, your investment safety should be your number one goal, and this is why you need the right risk management as you invest.

@Zackz5000 is right in what he is saying, perhaps your understanding about the point he was trying to make is quite different, actually the point he was trying to make is that for those who always allow the price of Bitcoin to become a problem or change to there idea into having a negative feelings if is good for them to start investing on that price or not should stop considering the Bitcoin price before investing because it doesn't change anything on our investment because if you are using DCA strategy and still allowing price movement of Bitcoin to make a decision for you, it means that it may take forever before that investor will have a good stash on there Bitcoin account.