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.
Of course it is very easy because you simply for now you just have to buy what you can buy and do it regularly regardless of the price because DCA's focus is clearly for the next few years or decades because so it doesn't matter what the current price is when you really want to try to buy bitcoin then do it because it will be better than nothing.
Saying shitcoin is easy sometimes actually this will actually be tricky because in the end being in shitcoin will actually make you indirectly tricked by conditions where you are trapped in endless hype which in the end this will actually harm yourself especially if the goal is long-term then shitcoin is clearly not the right choice so if the comparison is you are confused with bitcoin or shitcoin then at least you have a priority scale and of course bitcoin will be much more worth it than shitcoin.
Using DCA can be a very easy and efficient approach to long-term investing, especially if employing bitcoin. We can hence avoid the fluctuations in price because with DCA, our aim is to buy as many assets as possible over time. This means we are not so fixated with the current price, but we are more interested in the future possible use. Periodic buying is effective if you’re interested in investing in Bitcoin, although this will be far better than waiting or not investing in the first place.
However, while altcoins or “shitcoins” could appear to be enticing, all a majority of them seem to possess big risks when it comes to long-term investment. What we have in Bitcoin is an asset of far higher stability, that is also recognized as being a sound form of wealth. Eschewing the froth and picking our assets carefully is therefore a crucial decision because often when we decide to have a clear hierarchy of assets like Bitcoin over shitcoins then we are shielded from loss that is normally likely to emanate from pure speculation. Thus, once the option arrives, it is far more beneficial to invest in Bitcoin than to waste your time and fortune on the constant fluctuations and problems associated with shitcoins.