Post
Topic
Board Speculation
Re: Road to 100k?
by
SuperBitMan
on 18/10/2024, 07:39:06 UTC
Bitcoin investment has different strategy some people choose to use the DCA strategy, lump sum strategy, trading strategy and buy in the dip strategy etc. Everyone that got involved in Bitcoin investment used one of this strategies to start and some later changed to a more suitable strategy to them, the most important thing as Bitcoin investor's is for us to be active in forums like this so we can get ideas about other strategies and the experience of people who are already involved in it, this may help us get into a more better strategy for example when I started Bitcoin investment I was involved in buying in the dip only but when I joined this forum and became very active I saw ideas of other strategy and people's testimony in those strategies so I decided to abandon the dip strategy and go for the DCA strategy which has been very helpful in the growth of my Bitcoin accumulation journey.
What so ever strategy you are using if you feel is okay for you no problem you can continue with it but I will advise you get knowledge about other strategy how it works and function, that way it will help you decide if truly continuing  with the first strategy is okay or you need to change.
Forcing a strategy on someone may not yield anything good in there life, is better we educate them about every strategy and let them make there decisions that way they will do it with passion.

You are right AirtelBuzz involving one's self in long term Bitcoin investment is always much better reason being that Bitcoin is a highly volatile but that those not stop it from growing but it takes time, so if you are involve in long term Bitcoin investment you don't need to panic about it volatile nature.

Even though I try to agree to every other things you've just stated I'm not going to agree that people should use the trading and buy dip strategy to accumulate Bitcoin as an investor, especially trading. One of the things you should be able to figure out is a good strategy that would help build your portfolio and trading is never one of them, it's risk factors are very high and could cause more lose than gain to an investor moreover Bitcoin invest requires long-term goals while trading does not. However why I don't support the buy dip strategy is because while an investor is waiting for a dip to occur, the investor never can tell how much they've acquired because what if it takes long for a dip to happen, that's why I think the DCA is the best strategy anyone can use to build their portfolio cause investors are given the opportunity to buy during both the dip and when their's upsurge and so far they've got a stable income to buy continuously at certain intervals then the dip won't be an issue cause the DCA would help them recover lose overtime. If you're talking about involving in a long-term Bitcoin investment then their are some strategies you should even think of especially (trading) due to the very high risk factors involved in it.
MainIbem please don't quote me wrong try reading through very well and understand my point I hate when someone quote me wrong if you read through my writing you won't see were I advised people to get involve in buying in the dip or trading, everyone who started Bitcoin investment started with one strategy or the other my advice was for people to get involve in forums like this where they discuss about Bitcoin investment strategies and try to see if there's a better option than the one they started with, I even gave example of by self that I started with buying in the dip strategy and when I join the forum and stared following up discussions here I found a better strategy option which is DCA strategy and that is what I'm using now which have been helpful to my accumulation journey.
And the reason why I gave this advice is because one can't force someone on a strategy to follow but if they read about other strategies and the experience of people on those strategies they may be more convince on the strategy to use or follow and they will do it with passion because they made such decision by there selves.