Hi, normally I'm a fan of dollar cost averaging. But I'm thinking of not really dollar cost averaging because the market is obviously a very bull market right now for BTC.
What do you think will be the best strategy to enter the bitcoin market today?
Pick the lowest dip I can find say, this week, and invest all my principle. Or, dollar cost average anyway....if so, over what time horizon? Surely not over the next year. Maybe a week? A month?
I personally believe that the train has almost left the station, which is why I am wondering if it makes no sense to dollar cost average at this time.
This depends on whether you are in it for the long term or for the short term profits. If you are in it for the long term then keep dollar cost averaging and keep accumulating.
This will increase your portfolio at regular intervals without worrying about the market price.
If you are in it for the short term gains then you should decide on your own whether to take the risk of going all in or wait for a dump to get in at a cheaper price.