Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Sim_card
on 20/12/2024, 10:20:55 UTC
Such individual might feel that it is unnecessary to be checking the market weekly or monthly when he plan to hold for several years, in this case, he can comfortably use lump sum buy or even buying the dips to collect those Bitcoin.
Are you advising a new bitcoin investor to start his bitcoin journey with buying at the dip? That's wrong because he has the money to buy right away and shouldn't wait for the dip. How do you even expect a newbie to know when the dip will come when nobody can predict the price movement of bitoin. I didn't see anything wrong in what I wrote above that you are disagreed with me because you are not new to this thread and we know knowing that DCA method is efficient and effective, since it helps you to accumulate more bitcoin overtime without stress.

Quote
Such individual might feel that it is unnecessary to be checking the market weekly or monthly when he plan to hold for several years.
DCA buying doesn't mean that you are checking the market because you are buying bitcoin every week or monthly when you have the money available regardless of the price of bitcoin. It's those that buy at the dip are the ones checking the market regularly. Lump sum is good to start with when you have plans to continue buying with DCA every week to increase your bitcoin size faster.