Many people consider $BTC as a "savings" asset for the future due to its Gold 2.0 thesis. Many do not care about the potential decline or bear market and continue to make purchases even when prices are falling. So, what are the right ways to "save" $BTC ?
1. Dollar Cost Averaging (DCA).
DCA is a method for making periodic purchases in fixed amounts regardless of whether the price goes 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 and 400 thousand is used to buy Bitcoin.
2. BUY Leveraging Fear and Greed.
Fear and greed can be used as indicators for buying. For instance, we make purchases when the indicator is in extreme fear, which usually means the price is experiencing a correction. We should also avoid buying during moments of greed. 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 considered as "smart DCA" because we will allocate the capital we have each 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 might 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 bullish momentum before making purchases. In an era full of manipulation, there is a chance that we could buy a fake breakout and the price may fall again from the range we expect, leading to a tendency to cut losses, making it not a "savings" step.