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.
You can still do the dollar cost averaging while buying bitcoin even in the bull market. In a bull market, you will never see a coin which rises continuously.
There are always times when the bitcoin prices drop by 20 to 30%. You can buy in these dips in he bull market and keep doing the dollar cost averaging which is by far a safest investment method.