Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Pi-network314159
on 19/12/2024, 16:04:47 UTC
⭐ Merited by JayJuanGee (1)
The advantages of depositing using the Dollar Cost Averaging (DCA) method are many. This is a strategy where anyone can consistently buy Bitcoin with a certain amount of money. You can buy Bitcoin worth $50 or $100 with the money you have in your hand once a month.
You are actually  right, only that you didn't use the word  buying bitcoin from your discretion fund but instead used the word " money in the hand" which makes it look somehow different but I know all what you said is true but didn't put all in its rightful position.

Sencondly DCA is not only subjected to "once a month"
but should be done weekly or monthly.

The right time to buy Bitcoin is the bearish season, that is, when the price is low, there is a golden opportunity to buy Bitcoin.
There you again @Scarlett_23. yeah it's indeed the bearish time is a golden opportunity to buy more bitcoin, but it's not the real best time to buy bitcoin as you think .  Anytime is best time to buy bitcoin. Buy bitcoin on a regular DCA without considering the price changes weather high or low.  And buy more when bitcoin is dip.