Quote from: Moreno233 on April 05, 2025, 06:32:26 PM

Quote from: Y3shot on April 04, 2025, 02:43:20 PM

One thing wey dey make DCA method and investing as whole easy na for investors to have one thing in mind , before you dey plan to invest bitcoin make you just dey sure say you dey invest for longterm because if you no dey sure about longterm to accumulate bitcoin dey always dey difficult. You fit buy today but because of the dip of the market you fit end up sell. Investing bitcoin requires understanding, planing and to make good decisions and stand by your decision, these the only way it will be possible for one to be able to accumulate bitcoin for the future.

I no sure say the DCA method get anything to do with investing for long term, what will help the investor to hold for long time is to plan the money well so that him no go use feeding money put into Bitcoin. If the money wey him put na money wey him fit leave for five years inside Bitcoin, then nothing go stop him from holding. People wey dey fear to HODL na people wey dey think say them go make big profit over night wey make them carry all their money put inside Bitcoin only to find out say no be so e be. The DCA method dey help sha because e go make you invest small small over a long period of time.

DCA method is used to reduce the volatility of Bitcoin price and high-risk purchases. Buying through DCA can definitely be called a long-term investment. We can use some of the extra money we earn through DCA investment. DCA can never work as a short-term investment vehicle.
However, purchases can be made daily, weekly, or monthly through the DCA method. What we mean by investing through DCA is a well-planned long-term and regular investment method. We say one thing again and again, that is, start investing with money that you can afford to lose and keep an emergency fund along with the investment plan. For an investment to be truly successful, it must be well-planned for the long term.