Different Strategy to different Individuals in Bitcoin Investment

[Jamestown70]

Greeting my fellow enthusiasts

Wetin I wan talk about so, most of una wey don advance in Bitcoin know about am, but never the less I go still drop my idea maybe some person fit still see sense inside am.

Wetin I wan talk about dey focus on the approach or strategy different investors dey use accumulate Bitcoin and why they feel that strategy dey better for them.
I don come to understand say nor be every body dey use the same method take accumulate Bitcoin or the same strategy wey Mr A dey use wey dey ok for am, Mr B fit nor like that strategy because e nor dey work with the amount of money wey him get as available free cash. We get about three strategy wey all of us know say we dey take accumulate Bitcoin wey be

1. Dollar Cost Average (DCA),

2. Lump Sum and

3. Buying the Dip Strategy.
 
Some investor like to make use of the DCA strategy because that one nor require them to time the market, them fit buy any time them want, whether the market dey up or down and with any amount of money them dey able to figure out as discretionary fund for the week or month depending on their payment schedule. People wey Dey mostly use this strategy na salary earners.

For the lump sum strategy, people wey dey like to use am na people wey get enough available cash wey be say them nor one make use of am anytime soon, also most companies wey they into Bitcoin investment too dey like make use of this strategy, for this one, some persons dey wait make the price dip first while other persons ready to lump sum at any time, weather the price dey down or up, as long as say the money dey available.

Lastly, na the Buying the Dip strategy, this one be say, them go wait make the price of bitcoin first drop before them start to dey either buy small small or aggressively. some investor as well like to make use of this strategy because they know say them go fit buy Bitcoin for lower price compared to when the price to pump. People wey dey likely to use this strategy na advance investor for bitcoin, wey understand how market dey move and fit make their analysis. This strategy not dey advisable for newbies investor to use because them never really go far for the investment journey.

Some investor fit make use of the DCA strategy as the main strategy then they make use of other strategies whenever e dey necessary, like whenever the dip dey, them go compliment the dip strategy with their consistent DCA. This different strategies dey suit different investors according to the strength of their available cash.

[Exitoral]

There's something I want to point out. People who buy the dips are people that may or may not know much of the market. Are you not aware of small individuals who actually do this. So saying it's for only advanced investors in Bitcoin is false. But individually, we know what works for ourselves. Choose out of them. But the one that gives your mind rest is DCA. But if you don't want to key into this then there's others. The main aim here is to keep on buying Bitcoin. Don't allow FOMO to eat you up. Keep mind at ease. Others might not just pick one but jump from one strategy to the other. Which is fine.

Keep in mind that whatever you choose to do. Make sure to be consistent because that is the ultimate goal for a long term acquiring of Bitcoin

[Sammysmart001]

I do agree that anyone can choose different strategies depending on how the financial situation plays out. But I also think that mistake here is that having to be changing strategies ever time market gets to moves. Most users start with DCA today, and then stops on the way due to price goes up. And be waiting for a dip that won’t come, and at the end of the month they end up not buying anything. Speaking from my own opinion consistency is key, then finding different perfect strategy. Any strategy one is choosing should be what fit his or her capacity to be able to manage for a long term.

[Cgrexp]

I do agree that anyone can choose different strategies depending on how the financial situation plays out. But I also think that mistake here is that having to be changing strategies ever time market gets to moves. Most users start with DCA today, and then stops on the way due to price goes up. And be waiting for a dip that won’t come, and at the end of the month they end up not buying anything. Speaking from my own opinion consistency is key, then finding different perfect strategy. Any strategy one is choosing should be what fit his or her capacity to be able to manage for a long term.

Those with a lot of disposable income may have more options than those with a lot of disposable income to choose from, such as lump sum investments, DCA, and buying during downturns. Most people don’t have a lot of disposable income and disposable funds to work with, and the amount can vary. If people aren’t used to investing, they won’t think about investing extra money in Bitcoin or anything else until they develop a habit of doing so and then practice doing it consistently, whether it’s weekly or at some other fixed interval that’s convenient for their income and spending situation.

[Hyphen(-)]

Some investor fit make use of the DCA strategy as the main strategy then they make use of other strategies whenever e dey necessary, like whenever the dip dey, them go compliment the dip strategy with their consistent DCA. This different strategies dey suit different investors according to the strength of their available cash.

The truth is that, any method you decide to use will depend on you and how you plan to invest based on how you earn your money, to copy and what others do might not be the right strategy for you, you will need to study yourself and plan for yourself.

Although the DCA method is more preferable for low income earners like us if we have removed other expenses from our earnings, we use some part to buy Bitcoin and hold then keep investing when you have spare money, but make sure you use the money you can afford to lose, and also in case of dip, you can buy more then when you have spare money.

[gracreavix]

For me, the best strategy to use should be based on your knowledge and financial capability. Don't just go about following people when you fully know what you are capable of doing.

A change in strategy can come as a result of a change in income. If I lose my job, can I still do DCA comfortably? No. I have to get a new job before I can continue. Strategy changes have to be applied accordingly.

I, for one, think using more than one strategy is not bad. It all depends on your capability, as I have pointed out. At the end of the day, what makes you stand out is your consistency with the strategy you eventually choose for yourself.