Post
Topic
Board Speculation
Re: Is buying bitcoin everyday a good strategy?
by
Powerjumboo
on 11/04/2025, 06:33:33 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.
It is better to invest by following the DCA method daily or weekly than waiting for Bitcoin to be bought at a lower price. A person can never predict the market accurately through his perfect analysis, so it is better for an investor to follow the DCA method to invest, as a result of which he will be successful in his investment. Now, no one can say exactly which direction the market will move from this situation, but if a person does not consider the market situation, if he follows the DCA method constantly, it will be best for him not to have any tension about the market.