Post
Topic
Board Beginners & Help
Re: Compiling the worst advice to help newbies make money (= do the opposite)
by
figmentofmyass
on 21/01/2020, 23:38:05 UTC
I mean, the post itself is pretty poor quality, but that doesn't mean that the sentiment behind it is necessarily bad advice. Dollar cost averaging is a perfectly legitimate investment plan, and over a long enough time period with bitcoin would always have made you a profit so far.

the important question when considering DCA is can you outperform the market?

considering the fact that 97% of traders lose money, i would assume most people are incapable of doing so. from a long term investment perspective, they are better off using DCA.