Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
DaNNy001
on 19/10/2024, 21:01:40 UTC
You have just started investing and now you need to make your target much bigger. Like all other investors you must take care that you do not get lost in the consistency of investment. Think of investing as always investing. If you approach a job as professionally as you treat it as fun, then the job will seem much easier for you. If investing is stressful for you then I suggest you take a break and think about your future and start again . If you can think about investing in this way then surely you will find consistency in your investment. Based on what is your source of income and how much money you can get from it monthly, you plan to invest consistently with the money left after excluding your total expenses and other incidental savings. If this is how you plan your investment then surely you are successful.
Investing with DCA cannot be stressful for a newbie if he is using the right amount of his discretionary income to buy bitcoin weekly or monthly without overdoing it, and has a committed long-term mindset in his bitcoin accumulation. A new investor can start with little amount that can engage him is regular buying without stress so that he can keeping his bitcoin accumulation ongoing with consistent and persistent overtime instead of buying for a while and stop.

The only reason a new investor should stop accumulating bitcoin is if he loses is job, or doesn't have discretionary income on that month due to increase in expenses on that month. If the new investor have grown his confidence in bitcoin, he can increase his DCA amount in order for him to accumulate more bitcoin.

I believe the whole essence of the DCA method is so that one as investor can actually get to invest in Bitcoin without inconveniencing himself or thinking about the right time to buy because the DCA method set you up with what you can afford to buy and the best part you do it on a steady without getting things twisted up. The best part of the DCA method is that anyone can start their portfolio even a newbie investor can start up buy little by little and maybe probably increase or adjust whenever the situation favours or go against him cause life is definitely unpredictable and a lot of up's and down involved.