Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Cossyblack
on 22/03/2025, 09:22:41 UTC
Since the lump sum strategy is mainly for rich folks, it can't be ranked as the best strategy for accumulating bitcoin because not all investors can use it to accumulate bitcoin.
I don't agree with you that the lump sum method is only for the rich  because anyone can use that method depend on the prevailing circumstance. For instance, there are people that work on high see and spend anywhere between 3 to 6 months whenever they are on duty and when they are off duty they spend like a month or two on land and it varies accordingly. This type of people may be inclined towards buying using the lump sum method such that whenever they are on land where they have internet access, they can purchase with the amount they would have set aside for Bitcoin investment within the period they were on sea. This is just one instance because there are many instances that can make an average person use the lump sum method to invest in Bitcoin. Therefore, the lump sum method is not exclusively for the rich.

Every method is good and it depends entirely on individual preference to chose what method is ideal for him. So long as the basic ingredients of buying with discretionary income, holding for long term and ensuring emergency funds are kept are all in place, whichever entry method chosen is good. Just that the DCA seems to resonate with a lot of people due to its advantages.

You make a fine points here but it's doesn't make alot of difference from what Mayor of Ogba is trying to expatiate. The people that works in the Sea are rigged workers and these sets of people that works in the Seas are rich people because they are highly paid for the jobs their do and cannot be categories among the low income earners, so to me you haven't saids enough why Lump Sum aren't for rich folks alone.

I kind of disagree with you that Lump Sum Strategy can be used for every one,I don't find your words convincing enough because Lump Sum Strategy is mainly used by the Rich because it's requires an investor putting a very huge sum funds into his Bitcoin investment at once and this kind of strategy cannot work and be used by everyone Except  for the high income Earners.

I think the Kinds of Strategy suitable for Every investors is DCA strategy and it's the best Strategy so far. This Strategy can be used by both high and low income earners, DCA strategy doesn't require huge amounts funds to begin, infact with your discretional income you can start buying bitcoin consistently, accumulating with ease and can setup an emergency funds while stashing and holding for the Long term.