Quote from: harapan on March 01, 2025, 06:31:15 PM

Quote from: Btcdeybodi on February 12, 2025, 06:28:06 PM

Due to the volatility of bitcoin, there are days when the price of bitcoin skyrockets so high within some hours or within 24 and some days the price also falls drastically and tries to cause panic in the market so i was thinking that won't it be advantageous for someone who chooses to DCA everyday such that he can have the opportunity to buy at DIP prices since the market also experiences short time market fluctuations some days

I think buying Bitcoin everyday is a good strategy but it based on your income, the flow of your income determines if it's okay to keep up with this as a strategy. But I'll clearly advice for those DCAing looking at the fluctuations rate of Bitcoin price , there should be limits to buying because alot of traders what they do is buy at a higher price and sell out at a low price which is not fair enough or profitable and this is because of panic to have a loss when Bitcoin price goes down. So it's better to buy with consciousness.

Buying Bitcoin every day is a good idea and strategy in crypto trading today. We can see that the Bitcoin price movement is very fluctuating at any time where today's Bitcoin price has exceeded the limit or is at a high price. If someone wants to collect Bitcoin every day, they are very close to a loss. I think reliable traders don't prioritize buying Bitcoin every day, they enter at the right time when the price is correcting. Please be more careful buying Bitcoin every day because suddenly a market dump will result in panic selling, therefore traders need awareness in order to make a profit.