Post
Topic
Board Speculation
Re: Road to 100k?
by
Zackz5000
on 24/10/2024, 11:25:01 UTC
Also if they get bothered to much on pump and dump thing happening in the market then maybe it can really shift their attention then maybe question if DCA strategy is worth it for them. If they are really for long term then best to stay focus and continue to accumulate.

The choice is in each person's hands, if there are those whose hobby is also trading and are somewhat disturbed by the speculative pump and dump market conditions, they can also take profit by using the DCA Bot Spot Option, It seems that Binance has a menu. But, if for BTC the best advice after buying with the DCA method is to just Hodl.
Paying attention to the pump and dump of the market while investing is really annoying for an investor. To get rid of this annoying situation, you can reduce the habit of reviewing market listings. Because checking the price list while investing does not bring good things. When you are consistent in monitoring the market, the volatility of Bitcoin will cause you fear and you may withdraw from the investment, which you may later regret. So I think it's best to avoid looking at excess charts.

Looking at the market chart is not really a bad idea or bad thing per say, as a matter of fact checking the market is what makes an investor to be updated on what is happening. If I may ask how will an investor know if there's Dip if he or she doesn't check the market?. Well everybody have there reasons why they check the market and the only time the market will look annoying is when one invested for a short period of time or you are gambling it but if you are for long term you need not worry because there's going to be b a pump, so the advantage of checking the market is to know when there's Dip and also keep an investor updated.
Cheeking or timing the Market before accumulating Bitcoin to me is a wrong approach or strategy of accumulating Bitcoin. If the reason why you are timing the market is to know when Bitcoin is at dip before accumulating will really delay your Bitcoin journey and is not good.

At this point in time I don't think it is logical to be timing the market now as our primary concern should be how much Bitcoin we can be able to accumulate so we won't be left behind so timing the market is a complete waste of time so in other not to be left behind it is best we use this opportunity to accumulate more Bitcoin through the DCA strategy which help you to accumulate Bitcoin regardless of the price level either weekly or monthly because the amount of Bitcoin in your possession will determine how much profitable will be in the future since our purpose is for long term Bitcoin investment.