Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
bitzizzix
on 07/01/2025, 18:10:09 UTC
Essentially, what you seem to be suggesting is that what EarnOnVictor is not being very representative of what normal people would do in similar circumstances, and so most likely we have to take what EarnOnVictor is saying that he did with a considerably decent sized grain of salt, including that he has been frequently proclaiming to be engaging in trading kinds of strategies rather than investing strategies, and he is also proclaiming that he bought BIG at the bottom of our BTC price timeline, and perhaps is going to imply that at some point he is going to sell BIG at (or near) the top, yet he is not even really announcing as he goes and he poo poos the idea of DCAing, including acting like normal guys can figure out in advance what the BTC price is going to do, and to attempt to provide himself as evidence of how guys can be smarter than the market (or see BTC price moves in advance).
-snip-  
Reading your reply, I can deduce you fully understand me to a high extent but no one is trying to "poo poos" on DCA. The DCA investment approach is a great one and has been tested and trusted for decades, it also works a great deal with Bitcoin, so it will be unfair for anyone to "poo poos" on it...lol. And for clarity, I DCA as well, the only difference is that I don't let one investment strategy tie my hands, unlike many others. If we are sincere to ourselves, the DCA approach is not the only working investment strategy, by virtue, diversifying my strategy is still on course.
Yes, that's right, DCA is not the only investment strategy that always works and is profitable because there are so many investment strategies that can be relied on and it all depends on the habits and comfort in doing it and also finances, some even use several strategies to get more profit in the long term or change it when the market situation changes and all still aims to generate good profits. DCA is indeed very reliable and also very friendly for beginners and also those who have financial or income limitations, because they cannot buy Bitcoin in large quantities and DCA is the best solution of all that and only by making periodic purchases according to ability, the Bitcoin owned will be collected and become large in the long term. So whatever the strategy is as long as it can generate profit in my opinion it doesn't matter because Bitcoin is the best choice in any investment strategy as long as it is done properly and correctly and also comfortable in doing it.