@Donneski u get point for here, this Naira depreciation of a thing they really pain petson. This were DCA save allot of ass for waiting for too long like that.
So do u stack up monthly or weekly?
Naira had been stable for sometime now. The problem we have now is inflation. The price of goods and services keep increasing because of internal and external factors. It make a lot of sense to adopt Bitcoin as a hedge against inflation.
Someone said that the best time to buy Bitcoin is when you can afford it. DCA strategy is ideal for salary wages or salaried earners. And it also helps to spread the risk involved in Bitcoin investment.
However, instead of keeping large sums in the bank, one can decide to buy Bitcoin using a lump sum approach. What matters is the investor's ability to keep holding until the price increases. If Bitcoin drops below $50k, it would not be a bad idea to adopt the lump sum strategy.
Inflation na him be the weakling point for allot of Naira holders them, it moring compared to even dip for Bitcoin self. Looking at it now if in anyway say person keep the sum 600k for bank today then let say a year or half the year time that money go buy less thing of it time as that time.
For salary earners them, na DCA just suite them best. And again if persons get power for lump sum and you need to believe in long term holding again buy when u fit afford he go really also work for you.
So sir how do u balance your own portfolio?
