Post
Topic
Board Speculation
Re: Is buying bitcoin everyday a good strategy?
by
laijsica
on 16/03/2025, 09:12:16 UTC
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, instead of DCAing weekly or monthly which he can miss DIP prices since before the time of their next DCA, the price must have increased and he keeps buying more at high prices.
I think this may be a difference in the correct understanding of investors about the level of investment. You can determine the investment opportunity between buying Bitcoin at the price of dips and continuous savings in the DCA strategy and consider these events. The idea that dips are created in the market to create panic may not be correct to a large extent, sometimes this is a collective opportunity for investors. As an investment type, you can choose the opportunity of dips to buy Bitcoin if you have the money for a lump sum. DCA strategy as an ideal means of investment and simple consideration for people of any income to deposit Bitcoin. I think investors who do DCA regularly may be deprived of the dips time, this is true but it may be correct considering your financial capabilities. I recommend increasing the backup fund for every investor so that during the Bitcoin price correction getting highest opportunity buy lump sum.