Re: Buy the DIP, and HODL!

I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method? Or investing in memcoins or sheet coins is easy.

The DCA method is not an investment itself, rather it is one of the methods that are utilized to invest in bitcoin. The method is very easy to use and it's very efficient. The method allow you to invest certain percentage of your weekly or monthly income in bitcoin, on a regular basis. This method is suitable for all levels of investors. And as a beginner you should embrace it.

My advice to you is to stay away from Meme coins and shitcoins. You are going to get into trouble when you venture into those shits stuffs. Let your investment remain in bitcoin only. Bitcoin will not fail you, but the moment you venture into meme coins and shitcoins, you have given yourself up to a scam and your investment is out of your control, so stay from them.

Can you explain better what and how this DCA works?

Just as Justbillywitt said, the DCA is a method of investing in Bitcoin that allows all class, both the whales and shrimps to accumulate Bitcoin Periodically over time and with a certain amount of their choice so far they've got a stable income to continue investing. Bitcoin investment is best for long-term and the DCA method is one of the easiest methods used in accumulating more Bitcoin to your portfolio and one good thing about this method is that volatility is not a big deal to it cause it helps recover loses overtime, all the person using this method just need is a stable income to invest periodically you don't need to wait for price dip to invest so far you're using this method. For instance if you're a salary earner or business person you could decide to use about 30 to 50 percent of your income to buy and hold Bitcoin maybe weekly or monthly and it's to be done for long-term, talking about long-term i meant 4 to 10 years not a year or 2 years interval. If you ain't okay with this explanation, just keep following the thread and you'll get more.