Post
Topic
Board Beginners & Help
Re: Does the DCA strategy inspire newbies to invest?
by
sunsilk
on 11/12/2024, 16:59:29 UTC
DCA is good for investment and you have to have funds to be able to carry it out and accumulate it without going to it when it has not increased. To invest using DCA, you have to buy at a low price so that when it starts to increase you will see your return,
Definitely, you need to have funds for you to start DCAing. Without money, you cannot do that and all you can do is to watch the market grow from time to time without actual accumulation.

so it is late to invest now because of the high price of bitcoin. Wait for bear and accumulate for next bull run.
While this is also a good advise to buy on the bear market. You can be calm and wait for that to happen. But if you think that there will be a higher peak than what we've got for this month within the next coming months, you don't want to miss it.

That's why it is called DCA, regardless of the market situation, you'll continue to buy at any amount or schedule you have set.