Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dzwaafu11
on 06/12/2024, 19:26:48 UTC
if someone is not financially stable, the DCA strategy is still always a flexible  way of investing.. all you have to do is invest according to your budget without stressing it, if there’s a need to take breaks within you can do that to balance it, it’s your investment (just make sure you’re consistent ).

Yeah. I believe with what you said, but remember DCA method is just a method of investing is  compulsory you must be investing everyday week or month is a method to invest because it is a easy one to invest in bitcoin, in DCA you can still invest anytime you have extra money that you wish to put in bitcoin investment but plan for a long time investment atleast 10 years before you think of taking profit.

You are contradicting yourself, You are forgetting something that DCA is buying bitcoin every week or month with consistency and persistently overtime without a break. Someone who is not financially stable will not be able to carry out DCA practice in his bitcoin accumulation journey. Don't forget that a stable source of income is needed for anyone that want to start his bitcoin investment, because you are only to be buying and building regularly for 4-10 years and above.

Not really. Even with the DCA method of investing in bitcoin, you can still take a break. Just because you are using the DCA method to invest in bitcoin doesn’t mean you must be investing all the time. DCA is just a method of investing in bitcoin.

The DCA method did not have any rules, and you must be investing nonstop. The truth is that you can still take a break when you feel that you don’t have enough money to invest at the moment, and they continue when you are balanced.

Moreover, if you really want to invest in bitcoin and you want to wait till you are financially stable, then seriously, you will find it hard to do because when you think of waiting till you are financially stable, time is going, and you are missing opportunities of investing early. It’s better as someone who is planning for a good future; you should be able to remove some percentage from your earnings and invest in bitcoin.