Quote from: cryptoWODL on October 14, 2024, 02:27:57 AM

Quote from: Glen Hoddle on October 11, 2024, 08:17:56 AM

If one wants to invest in Bitcoin then surely now is the right time to invest in Bitcoin.

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Because investing by following the DCA method, it is possible to profit from investing in Bitcoin at any time, and the DCA method reduces the risk of investing.

Just starting investing through DCA method does not mean that you will be able to earn profits very quickly as it will depend on how many years you can extend your investment. The longer the investment lasts, the more bitcoins will accumulate in the portfolio on a weekly or monthly basis. For example, if you buy and accumulate $1,000 in one year, it will double in the second year, triple in the third year, and quadruple in the fourth year. That is, the longer you invest, the more your investment will increase and the more your profit will increase.

Yea, I think you are absolutely spot on in what you said here, because the way Bitcoin is structured, it's more beneficial to hold on the longer run.

someone purchasing Bitcoin through the DCA accumulating strategy must know that he stands a the chance of achieving something great only if he can hold relentlessly for like 10 to 20 years time and he must be consistent in his Bitcoin accumulation, either monthly or weekly and he practically stands a chance of achieving even more than the person buying through the lumps sum strategy, because he will certainly buy at every price interval, and he will buy even the lowest part of the dip that the person using lump sum method might miss due to the fact that he thought that the price of Bitcoin might go even deeper.
So in essence of what am trying to say is that, in as much as the DCA accumulating strategy is the best way to grows your stash of Bitcoin, it will definitely gives you a more better results in the future if you can hold resiliently for like 10 to 20 years time.