People should not wait for the dip before accumulating Bitcoin it is traders who target the dip to accumulate and sell when there is an increase.
Waiting for the dip before accumulating will only make you accumulate just little Bitcoin because you are not accumulating regularly investor accumulate at any price level he never wait for Bitcoin dip before he can accumulate with the DCA strategy you can be able to accumulate at any price persistently either every weeks or months the dip should be an advantage to accumulate more Bitcoin and HODL.
Yes, the point is, if we invest in Bitcoin and intend to invest long-term, then continuously accumulating with DCA is the right move. I think doing so is very simple, but why are so many people still confused about it? Because I think investing in Bitcoin is easier than investing in stocks or real estate. Because if we want to invest in Bitcoin, we only need discretionary funds, and then we can buy it immediately.
Then, after that, use the DCA strategy and slowly build up an emergency fund to act as a hedge against our Bitcoin investment. If we're like that, we just need to accumulate Bitcoin consistently. I don't think it's complicated to do. But it's undeniable that many people are still interested in investing in Bitcoin for quick profits. So, with that in mind, investing in Bitcoin can certainly feel complicated. But if you invest patiently in Bitcoin, I think investing in Bitcoin is very easy.
Emergency fund does not act as a hedge against your bitcoin investment, else you would end up describing you bitcoin investment as a threat to your emergency fund, rather your emergency fund serves as a hedge against tampering you bitcoin investment, more like a support network to enhance the longevity of your holding bitcoin without tampering it in the event of
real emergencies that might come up in the process of accumulating and holding bitcoin.
This is a questionable statement that
the emergency
fund that actsfunds act as
a hedgehedges against Bitcoin investments,
Wewe are indirectly associated with the term that Bitcoin acts as a hedge against inflation and economic instability, so here it is considered a risk-mitigation strategy. However, it is necessary to create diverse sources of income to prevent manipulation of the right Bitcoin investment, generate discretionary income and strengthen our economic base, An emergency fund must also be created, and I think it should be equal to three to six months of expenses. An emergency fund is a financial safety net
even if these funds may be lacking for future emergencies,
andtherefore it should be used with healthy planning
as there may be a lack of funds for future emergencies.