Post
Topic
Board Speculation
Re: Road to 100k?
by
ginsan
on 20/10/2024, 20:11:01 UTC
For a beginner insisting on piling up part of his income for investing and waiting till the price dip before entering the market is not prompted to be efficient, it is more risky doing so than when prefer to DCA and purchase weekly. The market can be volatile with profits or loss but it is unpredictable at the point when the investor might become ready to throw in the funds. Every price mark at which we can accumulate Bitcoin counts, the extra time we delay can later on be irreplaceable or perhaps have to wait for a longer time before seeing that moment again.

Any good investor will not be ready to throw in their investment funds on the basis of Bitcoin price predictions, we can not always be right and any lame action can place certain consequences through the whole process. DCA has cleared the doubts, purchasing according to how we earn can grow our portfolio not undermining what the price of Bitcoin is at that moment, the only thing is at the end when budget has been met their is always good amount of profits to show off.
Delayed time is a bad thing in investment because at that time we had the opportunity to buy but postponed it. As a form of our consistency in investing is our routine of buying bitcoin, regardless of the price and it is not a benchmark if we use the DCA strategy.
We must be optimistic about long-term investment and do not continue to postpone investment because time goes by quite quickly and it will make us tired of waiting.

With confidence for the long term, the purchase execution time can be done at any price because we don't need to think about the price if we want to accumulate bitcoin in the portfolio. In comparison, Saylor always buys at the top but he is not afraid because he uses DCA. yes, that can be used as a reference for motivation.