It’s obviously very applicable in Bitcoin’s HODL-style investing, and he also addressed and encourged a dollar-cost-averaging strategy. BUT, he also said that an investor should “get in right in the first place”. Is the current market the right time to enter? I believe it’s an opportunity, but leave yourself more capital to average down because no one gets it in right unless you’re very lucky.
I never grow old of DCA, and whatever all our differing opinions here about Bitcoin, about where it is headed, about short and medium term,,, I think the one thing we can all agree on is that Bitcoin is a long play of many many years. And that makes DCA the best strategy for anyone at all. Peasants like me or us and experts who can sometimes be wrong.