Quote from: Republikcoin.com on Today at 12:04:54 PM

Quote from: Umulala-alala on Today at 08:31:20 AM

Bitcoin purchase should be done regularly the importance of the dca strategy is to buy bitcoin at every week or monthly and the price of bitcoin will not affect your purchase you can buy when the price is high or low consistent purchase and hold for long since the price of bitcoin is volatile but appreciate in value the time, people who get worried about the ups and downs of the bitcoin price are people who want to sell in a short while and this is the behavior of a traders and they most times sell in lost.

Not all traders will sell at a loss. As long as they are patient enough to wait for profits, they will certainly make them when the price starts to rise again. However, it's certainly beneficial for everyone to hold Bitcoin long-term for greater profits in the future, as Bitcoin always has high demand in the market, so the potential for growth is always there. I also like this strategy to this day because it can be implemented more easily without any difficulties, although for some people, consistently buying Bitcoin can be a bit difficult without a monthly income.

This has been proven long ago, so we can easily observe Bitcoin's price movements over time, so there's no need to doubt the potential future price of Bitcoin.
Regarding selling or holding, I believe it depends on the planning that's been made from the start. If someone plans to invest in Bitcoin for the future, I don't think anything should affect them; they just need to focus on growing their portfolio. I agree with those who use the DCA strategy; it's very effective, I think.