Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Ruttoshi
on 04/10/2024, 17:33:22 UTC
⭐ Merited by JayJuanGee (1)
Yes the DCA strategy is very simple even investing in this method does not require a lot of experience about Bitcoin if the person has a certain source of income to invest, proper planning, goals and his market analysis skills. It is important for any investor at the initial stage to have a little knowledge of market analysis.
I disagree with you that a new investor needs markey analysis skills before he can start investing in bitcoin. What does he needs the knowledge of analysing the market when his focus is just to keep on buying alone and he is using DCA method that doesn't care about the price of bitcoin before buying. You are making an newbies get the wrong mindset of how DCA should be carried out. You know that it is impossible for anyone to know the next price movement of bitcoin making market analysis useless and a waste of time because it is only traders that needs to know about market analysis.
1. Gain a little experience with Bitcoin before investing.
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