Post
Topic
Board Beginners & Help
Re: $20K to invest in coins - Where to start?
by
Poker Player
on 01/04/2021, 13:55:52 UTC

...

I Would not go all in with the 20 k

I would spend 1000 every 2 weeks.

...

hodl
hodl
hodl
hodl

took you 40 weeks to buy at 1000 every two weeks.

hodl for a minimum of 160 weeks.

make an assessment then.

Just a point. Doing DCA is only good if you are not psychologically strong enough. If you are able to withstand sharp market declines (or rises), it either makes no difference or you are even better off putting all your money in as soon as possible.

Let's assume bitcoin is going to go to between $100k and $200k in this cycle, $1M in the next cycle and much further in the cycle after that. If this is the case and you invest for the long term there is not much difference between you investing $20k today or investing $1k every week.