Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
livingfree
on 30/10/2024, 22:23:22 UTC
I think a DCA folk should focus on accumulating bitcoin regularly rather than focusing too much on the price so that he doesn't get hit by the investment-destroying tendency called FOMO. An investor can reach his desired point by holding bitcoins and running for a few cycles regularly. I've noticed in bull markets that people aren't showing much inclination to sell. Through investment advice with experienced Bitcoin investors around me, I understand that most target holdings above $100k.
That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.

With the help of DCA method an investor can expect to reduce investment risk as well as a huge stack and portfolio growth with alternative income over time. Some small investors may suffer from FOMO during price surges which may hold them back from holding more Bitcoins Every investor should make a habit of depositing Bitcoins at regular intervals regardless of the price.
The ones that will FOMO are the less experienced holders.

It's normal to see them on that feeling when they're not confident of what they're doing and what the market does for them. But you know you when you've been here for quite a while.