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.
Depends on you because market cant really be determined whether it would already be going up and this is why its important that you do have at least some idea on what you are doing specially if knowing about the trend.
This is something that differs on each person because we do have our own perspective towards the price and we do have our own goals.Some would consider it as a long term and some do go for short term.
If you arent that really tending to seek profits in short term then i would say that dollar cost averaging isnt really something that you do need to consider on.