I'm fairly new to this space and I'm quite keen on the "stack sats and chill" DCA approach as opposed to trading as I believe in btc long term. I mean I just want to add to my btc holdings whenever I can at whatever price and don't care much for short term price movement, no matter how drastic. Do many of you follow this approach or are you mostly traders?
Another question- When people preach HODL philosophy (obviously I know it means hold) is this the same "stack sats and chill"... or are the HODL'ers just those that invested big at some point in the past and are long-term holding a single position?
Let me compare these approaches to the real world examples.
Stack sats and chill - It's known as SIP in real world. A certain amount of money goes into buying bitcoin at a certain interval. You don't need to worry at the price level because with this approach, you will average out your buying price. Real world example - Mutual fund.
HODL - literally means Holding as you have said. Buy lump-sum whenever possible and hold it for a long time so that you can maximize the profit. Very similar to the time deposits of banks. Just the return is not guaranteed.
Hope this makes sense!