Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Taskford
on 01/10/2024, 22:19:55 UTC
This method of investment DCA method of investment has united all types of investors. Now you don't have to wait for money management to invest but any professional can easily invest any amount of money in DCA investment method. Earlier those who had more money or those who had higher income usually invested but low income people were always deprived of investment but now those who know about DCA investment are not deprived of investment. Now as the rich are investing in DC investment method, low income people are also investing in this method. Everyone from a van driver to a top executive finds this method the best way to invest. People who do not know about this investment strategy are far behind in investing and they must know about it.
Investing in the DCA approach is easy, but that doesn't mean money management isn't necessary. Money management should be given priority in any type of investment because having a source of money will enable you to continue investing uninterruptedly for as long as you want. I agree people of any profession can invest but they need to decide before whether they will be able to continue investing for a long time. There are many who start investing at the initial stage but are forced to stop investing due to financial incapacity.

But yes it is true that now even low income people can invest in DCA method with the remaining money after meeting their family needs. Those who have a small source of money should plan before investing in such a way that the money that remains except the money used for the family does not have to be used. Those who can ensure this will be able to continue investing without hesitation.

Yeah sure its really easy to use this strategy but the question there could be sustain this? Since it will really vary depends on how people handling things especially on their finances. Also not everyone have the same level of patience to deal with long term situations especially with volatile nature of bitcoin. That's why aside from learning DCA they should learn how to manage well their finances since this plays big role on their success for long term investment on bitcoin.

This cannot be learned over night but if the investor take every learnings they get on the situations they encounter for sure everything will take good place to people who's open to learn and have good patience.

DCA is for everyone its just people need to maximize this strategy so that they will get higher chance to succeed and earn profits in future.