Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Stablexcoin
on 23/09/2024, 14:24:14 UTC
You are absolutely right. It is best for beginners to buy DCA method as it has very low risk.
I started buying Bitcoin DCA method from December 2023.

Market lowest Dip prices (Bitstamp USD$ prices on the daily chart)

22 /11/ 2023 $ 43,997.9
31 /01/ 2024 $ 42582.61
28 /02/ 2024 $ 62504.79
30 /03/ 2024 $ 69892.83

In my own DCA and purchase data, I bought corn at these prices on those dates at the end of each month:

22 /11/ 2023 $ 43,997.9 (DCA)
31 /01/ 2024 $ 42582.61 (DCA)
28 /02/ 2024 $ 62504.79 (DCA)
30 /03/ 2024 $ 69892.83 (DCA)

I have started and hold bitcoin investments,How did you all do dca or dip?
Whether beginners or not, the DCA method can be adopted by anyone who wants to reduce risk in their investment. It is not just beginners who are trying to mitigate risk alone. Those investors that have enough amount of Bitcoin and are holding for the long term mostly practice the DCA method. The reason is that they want to reach their accumulated target if they haven't without tampering or affecting the value of BTC they have accumulated so far.

You started buying in 2023 by now you must have susbstrainal amount of Bitcoin in your wallet. And I was wondering to ask why you stopped buying in April till date. Is it that you ran out of funds for a while and decided to hold? However, there is no harm to your portfolio as long as you have not tampered with your Bitcoin.

But then you don't have any structured plan or longevity of your investment to achieve your goal. Perhaps you don't have any goals but it is important that you set goals to your investment so that you will work towards it. Setting goals helps build a faster portfolio and maintain consistency. If you had set your goals in your investment you wouldn't have stopped accumulating. If it was low funds then you can reduce the percentage of what you do use to DCA every month. That is why it is called DCA its accumulating a certain percentage from you earnings weekly or monthly, it all depends on the investor.