Post
Topic
Board Speculation
Re: Road to 100k?
by
Ryu_Ar1
on 24/10/2024, 18:33:14 UTC
No doubt that the DCA strategy has an enormous benefits one of the reasons why it dominated majority of the Bitcoin threads but however, it may not really be necessary attempting to suggest that the DCA is the most effective strategy when what should be mostly prioritize is maximizing and utilizing any kind of strategy or strategies that are suitable enough to aid investors increase their Bitcoin size, the focal point is to increase your Bitcoin amount while holding for as long as necessary irrespective of your strategy or strategies so far it suits you in terms of your financial status, investment goals and objectives. Secondly, we should also know that people can as well invest in Bitcoin in such way to retain value and not just for profit.

Many on the forum want to declare DCA as the best strategy, but I can't agree with them. DCA is effective and popular technique, no argument about it. But to call DCA as the best and most cost-effective method, I think it is an exaggeration. Of course, an individual has full freedom in deciding the investment strategy and he will choose which strategy is best for him according to his situation. You can definitely help a person to figure out the strategy, you can show them the benefits of DCA. I am not saying whether DCA is the most profitable method or not. But if you can be consistent and long term in DCA then you can accumulate more bitcoins than you can imagine. Even DCA allows you to buy any amount at any time
Whether or not a strategy in collecting bitcoin in our assets depends on how we carry out the strategy, regardless of whether it is DCA or other strategies carried out when the application is not in accordance with what should be done in the end even a good strategy will not run maximally.

But it cannot be denied that for now saying DCA is an effective method, I agree, it's just that in this case what I disagree with is with your sentence saying that DCA is the most cost-effective method. I understand maybe this means when someone can buy any amount of bitcoin but that is not something that can be considered economical because after all whatever method is done everything has the same level of value so there is no saving mode in any strategy because everything has its portion. The difference is when we buy buy dip maybe we will try to collect more money first but for DCA we have budgeted it in weekly or Monthly purchase needs. That's it, no saving mode or anything.