Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 13/01/2025, 20:14:09 UTC
I quiet agree with you because the fact is that DCA knows kind of investment plans doesn't work for shitcoins because some of these coins the growth rate over a given period is very low so in terms of bringing back value on investment is not there so applying DCA to such investment will be wast of time

Actually the DCA method is always suitable for buying any asset in terms of investment, but it will be more useful if the method is only used on assets or coins that have been proven to be good like Bitcoin so that the steps we take are really useful in the long run.
This is actually crazy in my own opinion because the way Bitcoin is structured, it is more better and more beneficial to hold for a very long time unlike all this  alit and shit coin that blossom for a very short while, and crash drastically later, so utilizing the DCA accumulating strategy on alt or shit coin is really a terrible idea too me because for you to use such a accumulation method, it shows that you are going long term, and holding alt or shit coin short term is very dangerous, talkless of holding for long term, it is really a terrible thing to do as an investor.
So it is best you backtrack on such idea of yours if you care for your hard earned money.
Applying DCA method to invest altcoins can be consider to be a big risk because this coins are not reliable,  just imagine you are accumulating a coin that you are not even sure what the future of the coin will be in the market. Bitcoin have good value and it is very okay to use DCA method to accumulate bitcoin. Their is no point using DCA method to invest altcoins because the value of altcoins can't be predicted. There are some investment that is good for bitcoin but very risky to apply same strategies on altcoins because they are not the same to bitcoin.  When it comes to investment it is just better to concentrate in bitcoin and never to lose focus to think of investing in Bitcoin because it can end up very bad.
You can choose gold as a real estate investment to diversify your investment. My first choice for investing in DCA is Bitcoin and I would like to invest in gold to diversify my investment. Both of these resources are eligible or trustworthy for DCA.
As a low coiner or someone who is new to bitcoin investment, your attention should not be on how you will diversify your investment when you have not yet accumulated the amount of bitcoin you want to hold for the long term. It is only when you have reached the fuck you stage on your bitcoin investment that you can diversify your investment if you want to, and it shouldn't be in gold; you can diversify in real estate or selling of commodities, which will give you more cash flow in the short term and put you in the position of solving your daily expenses without struggle and also allow you to hold your bitcoin for the long term. But for now your attention should only be on bitcoin investment and how you will accumulate the amount of bitcoin you want with the DCA strategy so that you will not be distracted. The DCA strategy is very much suitable for a newbie or low coiner like you because it will give you the opportunity to always accumulate bitcoin at any given price anytime your discretionary income is readily available, which will also give you the opportunity to keep increasing your bitcoin portfolio from time to time.