27 sats \ 5 replies \ @siggy47 28 Aug \ parent \ on: How Is buy and hold the best strategy while investing in Bitcoin? bitcoin_beginners
I am trying to figure that out too! I'm no expert. I do dca, and I have seen that work well for me. Buy the same amount regularly on a certain time frame-daily, weekly, monthly. Keep it small. That helped me during the 2022 bear market.
While doing DCA, my strategy has been to navigate through the volatility.
I always divide my funds in two. One is for regular buys and one for when the prices fall lower. For example, I would buy on 1st of every month with half of my funds on whatever price is there. I'll buy with rest of the amount when prices are lower in the month.
Sometimes, if they don't fall below the first buy price, I hold my funds to buy in the following month, lower than the first buy of that month.
I've been lucky to always work this strategy in my favour. To talk about last four months, I held half of mu funds because I didn't get the lower price. I fortunately got in at 51 k this month.
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I don't need to scrounged around as I always put aside half of my total funds for the dumps. This has really worked. I highly recommend you to try it.
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Try it! It's worked for me. This month is a great example.
Since March I've been buying with half of my buying funds on 1st. Half being put aside in hope that I could get lower prices than that. But not happened in April, May, June and July. The patience is the key. August saw a major dump and at 51k, I went all in. I got nearly 50% more sats than I could have had without this strategy.
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