I will not sell my assets, or borrow to buy bitcoin. Basically, I feel that investing in bitcoin is a risky thing. Because of that, I feel that the DCA method is the best. By using a few percent of my income, to invest in bitcoin. it is better, and minimizes the risk. However, some people may feel that borrowing money and buying bitcoin will be worth the profit they get. However, I suggest that when you want to use this method, make sure you can pay off the debt with the income you have.
Borrowing money to buy bitcoin is not a part of the reasons you need to consider when venturing into bitcoin investment. A lot of times it has been said that bitcoin is to be invested in with money youre willing to let go off. But with the way bitcoin works, if you dont sell at loss youll still be profitable when the time reaches for you to sell at a good profit. DCA method does not apply to borrowing money or selling your assets to invest in bitcoin, its plainly for those that wont feel pressured of doing their investment in bitcoin and still love their normal life. If you wish to buy bitcoin at the dip, it is better to spare some money for that instead of trying to borrow which may affect your investment in the future.
Im totally out of fiat that I can justifiably pump into Bitcoin now that would meaningfully increase my stack. My last coins were bought in the $16,000 to $25,000 zone. I started buying with some of what I sold during the last bull run at $35,000 & bought all the way down to $16,000 continuing up to $25,000 again. My focus is now sitting on my hands until next year when I will begin taking some profits.
This was a great idea from onset and now you dont need to bother about the dip because any dip that occurs now in the market wont even give you a good price that youve bought your bitcoin earlier when it was in the range of $16,000 to $25,000. This is the advantage that earlier investors always have over those that came into the market later. Hopefully you can hold on to a very more little time until you start to take profit. Only few can hold for this long and for those that knows the potential in the investment, they can even hold for a longer time.