Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Ruttoshi
on 02/10/2024, 08:40:20 UTC
And also stating that people who do not know about this investment a far behind is also misleading. A billion can choose to make a single purchase of Bitcoin of a massive amount, and ends up making ×3000 of my entire investment in 10years to come.
Of course, it is possible and that will depend on the amount that is used to lump sum once and how much was bitcoin price when he lump sum, and how much you are using to DCA. But I must tell you that if two investors A and B invests the same amount and Mr A bought once with lump sum of $100000 and hold for 10 years, he will make little profit compare to Mr B that spread out his $100000 using DCA to buy continuously every week overtime. Mr B will be in a big profit than Mr A.

On the other hand, if there is another investor Mr C who decided to use the three method to invest in bitcoin with $100000, he uses $30k to lump sum right away, used $40k for his regular DCA weekly or monthly and use $30k to buy at the dip after10 years Mr C will have more bitcoin that the other two investors and will also be in profit

Quote
We shouldn't over look the importance of money (earnings), because that's what's determines how well we can accumulate. The reason why I feel the DCA method must have been emphasized on this thread is literally to give some kind of opportunities to those who earn in small amount, or to those who literally can't invest except they have big amount, or those who feel they must get a unit of Bitcoin rather than fractions, or those who just want to wait for a more convenient price that doesn't come often.
In additDCA is used in order for you be able to manage your cash inflow because you will have a long term mindset commitment of always buying regularly every week

But what I have always felt that is important to everyone (no matter your class), is the income you earn. If your income is good enough (assuming a monthly income), then you can choose to buy once and wait patiently till you receive the next salary before buying again. You just have to do it in a consistent manner according to your strength. But if I am to speak for myself, knowing fully well of what I do and how I earn, then I will continue to stick to my DCA method. And I don't know about others, but for me, whenever a dip falls/happens within my DCA time, it makes me kind of happy, because for sure I will be accumulating more units than usual.
[/quote]