DCA Na the best strategy for newbie to be able to accumulate enough bitcoin. As newbie wey never get idea about bitcoin, this method is less stressful compare to other method. In this method you no need to time the market before you buy, all you need Na to ready your money ,make plans how you want take dey invest your money, weda Na weekly or monthly basis. Depending on how your income take they come. You go also plan how long u want hold the bitcoin bcos this method no be watin u want do for months, Na year matter be this, like 5_yrs or more depending on ur plan.
DCA no be for people wey want make quick gain , so if u no fit get patience this method is not for you. why I said this method is best for newbie, be say as a newbie wey never get much idea about bitcoin to go do lump sum fear go dey your body as newbie but with DCA you will be buying the bitcoin small, small until u done get enough for ur portfolio. this strategy go give u enough confidence, you can buy bitcoin at any time, even the price is up or down. so as a newbie u don't have to wait for the price of bitcoin to go down (DIP) before u start your bitcoin investment, DCA is there for u. lastly, in order for not to trade ur bitcoin at the early stage of your investment, you need to dey set aside some money( emergency fund) bcos nobody fit predict the future, you fit get some problem wey go want pressure u to trade your bitcoin when the time never reach for you to trade. this money will help u not to trade your bitcoin before the expected time.
Na true talk be this. DCA approach na the ogbonge approach for every newbie who knows say he wan last for bitcoin investment. This is because of say e dey flexible and e dey allow the investor to get rest of mine. DCA strategy good because if you do am the way you suppose do am, you go no go even need to dey watch chart every time before you go invest. You go just invest anytime wey you get the money (discretionary income) because you don already program yourself for that money. Any newbie wey get discretionary income fit invest for bitcoin and other investments strategy for stress you.
As a newbie, e no go make sense make you come dey watch chart dey wait for dips before you go fit invest for bitcoin. This na because you fit dey wait for dip make e no come happen or you fit dey wait for dips, when e finally happens, you no go get money wey you go take invest. So the best thing na just to dey invest for bitcoin small small, before you know wetin dey happen, your total investment go big. Another very important thing wey newbie suppose get for mine na how to forget their investments make e stay for long time like 4 to 10 years or even more. If you dey invest wetin you go fit ignore for a very long time, then e go better for you. Na this reason make e no good to use greed enter bitcoin because na im go make you want dey invest by lump-sum or come dey wait for dips make you fit make big profit.
True talk my brother.when it comes to Bitcoin accumulation there are many methods which can be used by individuals who are ready to invest and accumulate Bitcoin. But the DCA method stands out because it's one of the ways that people acquiring Bitcoin will not be under any pressure of any sorts or even think about the price and how they are going to go about raising money. But with DCA method newbies and even those who are old into Bitcoin accumulation can use in realizing their dreams. This method enable one to continuously invest a small amount of money over time, making investors to be less stressful.
This is very correct. The ability to avoid pressure is one of the best features of the DCA strategy. It is very investor-friendly and long term oriented. DCA can allow anyone to invest in bitcoin both the poor and the rich, the new and the old investors. Even experienced investors still focuse more on DCA instead of other methods like the lump-sum and buying the dip which can expose you to procrastination and possibly loosing your money when you invest beyond your financial capacity and later selling at loss when emergency situation arises. Bitcoin investment is supposed to be done at ease and this is what DCA approach tend to focus on.
