Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Franctoshi
on 05/02/2025, 23:11:33 UTC
During times like these, it's important to believe in $BTC and trust the process.
The long-term benefits of DCA (Dollar Cost Averaging) and holding show that patience and consistency often pay off. #BTC

I don't know, although for now I like bitcoin but when we talk about investment then in the end we also have to have a sense of continuing to be vigilant so that we cannot fully believe in something even though it is still very profitable for us.
Because for me bitcoin is still an investment that is worth doing but to fully believe I will not do that. Not that I am not sure about the development of bitcoin but in this case we also have to remain vigilant because everything related to risk in it, it is clear that there will be no safe word so I will not say that I fully believe in anything including bitcoin.

For the DCA problem I still quite agree but daily purchases like this may not be done by everyone because again consistency is one of the things we have to think about. But on the other hand for now I am also still making DCA purchases even though now I am only in the weekly purchase phase because for me this is still something I can do to do.

When you talk about the risk aspect of investing into Bitcoin, here comes in, reason why you should ensure you invest with the amount of money of which you can afford to lose while you make your purchases using DCA straggy, since there are some risk to investing in Bitcoin which are not limited to its price volatility but the way you go about securing your Bitcoin wallet seed phrases, and clicking of links in your emails which may lead to your wallet being to vulnerable to hackers or storing your Bitcoin in a centralized exchange where you dont have 100% control over your Bitcoin because it might get freezed or where the exchange may go bankruptcy.