Bitcoin "Saving" Techniques.
Many are making Bitcoin a "savings" asset for the future because of its Gold 2.0 thesis. Many are not concerned about the potential for a decline or bear market and continue to buy even when the price is falling.
So, how do you "save" Bitcoin in the right way?
#1 Dollar Cost Averaging (DCA).
DCA is a method of making periodic purchases in a fixed amount regardless of whether it goes up or down. DCA can be done weekly or monthly. For example, setting aside 10% of your monthly salary to buy Bitcoin. A salary of 4 million and 400 thousand of it is used to buy Bitcoin.
#2 Buy Using Fear and Greed.
Fear and greed can be used as an indicator to buy. Suppose we make a purchase when the indicator is in a state of extreme fear which is certain that the price is undergoing a correction. Also, we must avoid the moment of greed to buy. However, this method requires special expertise and there is a chance of missing important moments in the market.
#3 Buy the Dip Style.
This style can be called "smart DCA" because we will allocate the capital we have every time there is a deep correction in the market and not use capital when there is no correction. Unfortunately with this method, there is a chance that we are sidelined or do not have goods, when we lose the bottom momentum.
#4 Buy the Breakout Strategy.
This strategy is the worst because we wait for a new bullish momentum to make a purchase. In an era full of manipulation today, there is a chance that we can buy a fake breakout and the price will fall again from the range we expect and there is a tendency to cut loss so it can be said that it is not the right "saving" step.