Post
Topic
Board Beginners & Help
Re: Does the DCA strategy inspire newbies to invest?
by
Shadiq
on 14/12/2024, 08:56:41 UTC
Aside from its affordable, it is also more durable and bring about comfortability in investment.
As you may think, DCA is popular for its affordable price, but it is completely wrong. DCA does not allow you to wait for the investment money to be deposited. You can call DCA buying Bitcoins continuously with a part of your income. If you decide to do monthly DCA, then you can buy regularly every month without any delay. There is no specific amount of investment in DCA, you will have the opportunity to buy small or large amounts depending on your income.

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It allows you manage your risks and take profits at good intervals.
Investing in DCA does not mean that you can take profits at regular intervals. As is the basic rule of investing, you need to plan for the long term. DCA will not give you any advantage in terms of taking profits. You are trying to be a trader here. Of course, you need to learn to think like an investor. To make your investment successful, you must plan to hold it for 5-12 years or more. I would advise you to focus on buying rather than selling investments.