Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy the DIP, and HODL!
by
laijsica
on 08/10/2024, 10:49:49 UTC
⭐ Merited by Shadiq (2) ,JayJuanGee (1)
You are absolutely correct, some people think that since DCA is the best and reliable strategy that success is sure or certain not knowing that they are the one that will make the strategy work. Someone's success in Bitcoin investment whether using the DCA, lump sum, buy Dip depends on the investor's consistency, discipline and the ability to manage investment and I want to let us know that every individual has an atom of management skill in them but is just left for them to build or grow it.

An investor would only be successful with the DCA method when they maintain consistency and carry out discipline in managing their investments, infact those are the basic things every investors are supposed to understand while o their investment journey. One thing that's been repeatedly been talked about concerning Bitcoin investment is that volatility must always occur therefore every investor must experience lose along the line but then the DCA method enables investors to recover your lose when there's an upsurge and so far the investor continue buying periodically using that particular method for a longer period then success is definitely guaranteed.
Long term DCA bitcoin accumulation an investor is guaranteed to succeed this is actually Misinformation I think You should have said DCA bitcoin accumulation tends If an investor can do multiple cycles he can get huge bitcoin holdings. Confirmation based mainly on assumptions can be very misleading. If you do DCA systematically and consistently your chances of success can be greatly improved. Due to the volatility of Bitcoin's price you can have more Bitcoin holdings at the same time if you tend to buy more during each bearish period. As an investor you should be aware of the risk as Bitcoin can be risky investment due to volatile price so the most positive aspect of you depositing Bitcoin in DCA method is that it is deposited from your discretionary and regular income. You can deposit bitcoins from the amount you can lose.