Quote from: I_Anime on October 12, 2024, 09:04:45 PM

Quote from: LUCKMCFLY on October 12, 2024, 04:03:39 PM

Quote from: reefsea on October 10, 2024, 10:49:06 PM

Why DCA is the only way.

Don't you want to use the Lump sum strategy. Don't forget there are many ways to stack bitcoins. The important thing is that you don't become a child where when the price drops you want to cry, but the price drop can be used to buy more aggressively.

Just buy bitcoins in a way that is comfortable for you, if you are comfortable with DCA, continue, but remember don't forget to Hold.

Yes, it can be done in any way, I personally think that by Using the DCA method one gets rid of many prejudices , like those who say that bitcoin is too Expensive , the train has already passed me by , you can no longer buy BTC or even have a single BTC , so for those people there is this method that turns out to be a blessing , because little by little they will buy BTC , only with what they can buy , it's not a bad Idea , so it will be the perfect Strategy to see how the BTC in our wallet continues to grow , that's how I see it.

Yeah and it also help those who have the money to purchase more than one bitcoin, to purchase bitcoin at different price interval. Which shows that DCAing is not for the poor alone , it is helpful to everyone. Because some rich folks may purchase a certain amount of Bitcoin with the use of lump-summing to given themselves a nice head start. And then continue with DCAing purchases, inorder to buy Bitcoin at different price interval, buying bitcoin at different price interval would actually help to fix you in a nice position in your Bitcoin accumulation.

Like for instance one kept buying bitcoin as the price continue to dip , rather than selling it. Whenever the price begins to rise or increase that folks would be in a good profits , that's far higher than those who actually buy Bitcoin once with the use of lump-summing.

Well that is the advantage of buying in the Dip, when someone lump sum when the market is, let me say $60k and the market Dip later to $50k and an investor buy during this dip when price will get to $60k the investor who buy's at $50k will already be on profit but that doesn't mean you will take this profit because the idea is to accumulate and hold for a long period of time unless you are short term investment. But one of the advantage of lump summing is that, the quantity one will lump sum at a time can be a 6 months to 1 year investment of investor that is using the DCA or Buy Dip. Whatever the case maybe as long as we are accumulating to hold for a long period of time it doesn't matter what strategy we use rather what matters is how consistent we are.