Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Mayor of ogba
on 04/12/2024, 14:49:17 UTC
⭐ Merited by SuperBitMan (2)
Any investment you are into is very good you know about it very well however you can start accumulating Bitcoin even without knowing everything about Bitcoin but as time goes on you need to know something about it, it will help you grow more.
Yes, I believe that your investment will increase over time, but it is certain that you will have to adopt some strategies that are Bitcoin investment friendly. For example, there is the DCA strategy, which plays a role in one of the most suitable strategies at this time. Because a new investor and an old investor can deposit their Bitcoin using the DCA strategy, in both cases, there is a saving in both cases.
If you buy Bitcoin, there will be a saving on the purchase price, if you buy Bitcoin every week, there will be a change in the Bitcoin price. Whether the Bitcoin market is up or down, there will be no problem, there will be a saving on the purchase price, this is a real proven investment.
The DCA method is indeed a very good way of investing in bitcoin that is highly recommended for everyone irrespective of the income class. It is easy to follow and does not require so many technicalities even as it gives us the freedom to start with whatever we have and grow with time. The DCA method eliminates so many problems people face when investing in bitcoin like knowing when to buy, missing the opportunity of entry and the fear that comes with high volatility. DCA is synonymous to peace of mind when it comes to investing in bitcoin because it offers the investors peace and calmness and makes the investing process automatic. It may appear slow to some people but in reality, it is not actually slow because if you are doing a weekly or monthly DCA, before the first year of consistent investing, you would be happy with how much bitcoin you would have gotten even without feeling any pressures. These are many more are reason I have chosen the DCA method of investing in bitcoin.

For many times DCA has been recommended for sure this good indicator for new people that this strategy is the best option to use compare if they try the other thing what they see especially doing trades for their bitcoin.

Some may get afraid for continuously buying even if the market is currently at the top, but if they would understand the point of this strategy for sure they could adopt and continue to use it until they reach their targets. What people need when they use this strategy is sustainable funding's and consistency to accumulate whatever price showing up to them.

If they start to use this method and ready to engage with bitcoin for long term for sure they would enjoy the whole process especially if they meet good discussions about long term bitcoin investment.
I have seen as a newbie that beginners to Bitcoin investing mainly experience more volatility. They tend to buy Bitcoin for a short period of time regardless of the market movements which causes them psychological errors and fear of losing the money they invested. I think if we adopt the DCA approach to investing in Bitcoin, it plays an effective role in investing for the long term rather than focusing on market volatility and short-termism. The Bitcoin investment cycle is 4 years, so we should patiently conduct the investment process for at least 1 to 2 cycles. I think the DCA approach is definitely an effective process for investing in Bitcoin that helps both newbies and senior investors to create a bright start in implementing the long-term process.
For someone who is just starting his bitcoin investment, the DCA strategy is the best strategy the person should adopt in accumulating bitcoin because it plays a great role and helps new and old investors to accumulate bitcoin consistently without being worried about the volatile part of bitcoin. The DCA strategy eliminates market timing for old and new investors who are using it to accumulate bitcoin, and it also allows them to consistently accumulate bitcoin even when bitcoin is increasing or decreasing, which gives them the advantage to be more active in accumulating bitcoin than those investors waiting for a dip or timing the market, which they are not even certain will happen today or tomorrow. And one of the important aspects of using the DCA strategy to accumulate bitcoin is that it controls investors emotions because even when they accumulate bitcoin at a high, and the price drops, they will not be worried because they know that the DCA strategy has them covered and they can still accumulate bitcoin at that time.