Many make $BTC as a "savings" asset for the future because of the Gold 2.0 thesis it holds. Many do not care about the potential decline or bear market and continue to make purchases even when prices are declining. So, what are the proper ways to "save" $BTC ?
1. Dollar Cost Averaging (DCA).
DCA is a method for making periodic purchases in fixed amounts regardless of whether prices go up or down. DCA can be done weekly or monthly. For example, setting aside 10% of your salary each month to buy Bitcoin. A salary of 4 million with 400 thousand allocated to buy Bitcoin.
2. BUY Utilizing Fear and Greed.
Fear and greed can be used as indicators for buying. For instance, we can make purchases when the indicator is in a state of extreme fear, which usually means prices are correcting. Also, we should avoid moments of greed for buying. However, this method requires specific expertise and there is a chance of missing important moments in the market.
3. Buy the Dip Style.
This style can be considered as "smart DCA" because we will allocate the capital we have every time there is a significant correction in the market and not use capital when there is no correction. Unfortunately, with this method, there is a chance we may be sidelined or not have assets, when we miss the bottom momentum.
4. Buy the Breakout Strategy
This strategy is the worst because we wait for a bullish momentum before making a purchase. In an era full of manipulation, there is a chance that we can buy a fake breakout and prices may decline again from the range we expect, leading to a tendency to cut losses, so it cannot be considered the right "savings" step.
