Post
Topic
Board Speculation
Re: Is buying bitcoin everyday a good strategy?
by
Youngrebel
on 23/03/2025, 21:34:23 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.

In my opinion, an investor should first decide on an investment method and a specific goal. If you have a 4-year investment plan, then you have to continue investing for 4 years at any cost. You will have to find other ways to deal with any problems during these 4 years, you cannot sell your investments.

Now you have full right to decide on your investment method. If you want, you can invest every week. You can also invest every month. Similarly, if you have a reasonable income to invest every day, then you can definitely invest every day.

I think if you invest every day using the DCA method, you will own a very good portfolio in a very short time.

Depending on the income of the investor he can invest based on how he gets money or how his income comes. Either he gets a daily income, weekly or even monthly.
Because if he decides that he he wants to keep the funds and wait for only a dip season then he might end up using all or part of the money meant for the investment. So it's Best you invest as it comes. But this pattern of investing as it comes regardless of the season might not be best for short term investors but would be better for long time investor.