Post
Topic
Board Beginners & Help
Re: Does the DCA strategy inspire newbies to invest?
by
|MINER|
on 12/12/2024, 20:48:26 UTC
I don't believe in blind investment. To start DCA now is late from where market and price has reached. If it was earlier then to continue now won't be a bad idea because of the profit already gathered. In the beginning of the year, btc was around $42,500 and it is now touched $100,000 which is about $57,500 profit on a coin and that is a good profit for those that started that time. So I believe to wait to begin a new DCA investment is better than to join now.

Except you are expecting the price of btc to get to $200,000 this season before the next bear.
I also think that it will be better to not start any kind of investment right now even if they are for long-term they can wait for the next bear-season.
Even then the DCA scheme was always good for the risk management but it has to be long-term I mean for this the investor need to be a bitcoin holder and it is not only just for one halving cycle maybe to reach his goal it will take some few halving cycles.
Even then few days ago I was thinking about to start again my DCA scheme but I take break after seeing the market position because it is better to  observe the market from investing right now if the market goes up then good and if it dump then it will be also good for make an investment on dip.