Post
Topic
Board Speculation
Re: A Saving Plan
by
Wexlike
on 17/11/2019, 20:28:58 UTC
bitcoin is now entering $ 8k, and a little more waiting before the halving stage. maybe op is also still accumulating bitcoin according to plan.

If you read a bit more of this thread you'd know that he is.

I'm still buying and dollar cost averaging. Are you doing it too? Eheh.

It's a good plan since BItcoin tends to revisit past highs and 50% of ATH is always a good place to start buying. I had my main focus on 6k last year as the bottom and it should have been the bottom but we fell lower due to manipulation.

DCA on Bitcoin is always a good idea. This 2019 run-up may be characterized as a disbelief rally, with Bitcoin burgeoning from the bear market. Confident calls for lower price targets, from those waiting for a “cheaper” buy-in price, didn’t transpire as sub-$3k prices never materialized. These individuals will likely have to buy-in much higher than they intended, but would’ve been better served Dollar Cost Averaging (DCA), as opposed to timing such an unpredictable market.