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Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Marvelockg
on 17/12/2024, 14:11:14 UTC
⭐ Merited by JayJuanGee (1)
Then as for the DCA accumulating strategy, you don't necessarily need to have a fix amount either weekly or monthly, what is very much important in executing that strategy is that let it be done with an amount you can do away without, so that you wouldn't have to fall back to it prematurely, so to be too much aggressive is actually wrong, if it's what you can't afford to do away without.
proper planning entails that you become as discipline as possible and that might involve setting out a fix amount you are to use for your buying so you can comfortably do it for the long run and still have some extra funds that will go into the other needs you might have.

again, when we just talk about buying with what we can do away with, it is only best we explain what we mean by that and not allow a third party get to read a wrong meaning into it. no one invest in an asset he is not sure of and even though bitcoin is a volatile asset, there's still some level of knowledge that investors have that their investment is not getting into the wrong source or else they will never bother to invest so much into it. like we have always said in this discussion, you invest what you can do without for the long run and not what you don't have a need of. buying bitcoin with an amount that you don't have what to use it for makes bitcoin look like a Ponzi scheme that it is not. depending on your goal and where you want to see your portfolio at a certain timeframe, aggressive buying is not out of place and doesn't for any reason suggest that you are not a careful investor or that you are taking too much risk.