Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Sup everyone, just wanted to tell you that my Daily DCA is now active till 2023.
I will be buying daily for the next 237 days. Lowest BTC will go according to my analysis which I posted on 27th Jan is $24k which is 200 Weekly Moving Average.

Quote from: ImThour on January 27, 2022, 09:55:38 AM

If we take time into consideration for the price to meet the Weekly 200 MA, it will be near about $24k.
This changes the price drop from current price from 46% to 30%.

Have a good week ahead, happy buying.

Maybe you are hitting on another developing pet peeve of mine?

Daily cost averaging seems to be a misleading attempt at a euphemism... and the term is not daily cost averaging, it is dollar cost averaging (this correction about the "proper" term does not have to do with the dollar.. but instead getting away from expectation that there is any kind of meaningful justification to be maniacally in regards to buying every day.. which is more of an advanced practice rather than an entry-level practice).

Proof that you do not read before you jump to conclusions. Daily DCA
Daily DOLLAR COST AVERAGING

Not meant for everyone to read it properly, I guess?

Also, there is no particular strategy on when and how you accumulate, you just do it.