Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Y3shot
on 30/11/2024, 19:13:59 UTC
⭐ Merited by JayJuanGee (1)
There's no need to be scared of the volatile part of bitcoin, and this is where the DCA strategy will help you a lot in accumulating bitcoin without being bothered or scared by the volatile part of bitcoin. As a newbie, the DCA strategy is the perfect strategy to use when accumulating bitcoin because it allows you to consistently accumulate bitcoin either on a weekly or monthly basis when your money is readily available. The DCA strategy will also help to control your emotions because you will not be moved by the volatile part of bitcoin since you will be accumulating bitcoin at different prices, which will allow you to accumulate bitcoin even when there is a dip and it will give you the opportunity to take advantage of the volatile part of bitcoin.
Only those who invest what they can't afford  would be scared of volatility and the reason for DCA a method is for investors to just only buy the amount of Bitcoin that they afford, this helps in accumulating bitcoin without any stress and with this method of investing their is no need to be scared of the volatility of the market because you are not expecting profit in a short time. DCA method of investing is a longterm investment which you don't have any business of volatility for profit so soon, you only just take advantage of the dip whenever you come across it because it is also a good opportunity for investors to but during the dip. DCA method of investment is all about buying bitcoin at the rate which you can afford and no need for fear of volatility because it is not an investment one is depending to make profit very quick .