Hey all just wanted give everyone an update on my DCA for 2022. I have been flip flopping between two strategies through the year:
DCA - buy btc on fixed date and frequency
Ladder + DCA - ladder order down 5-10% from DCA buy price. Using lump for ladder down or sometimes if the dca amount was good peeling off for ladder orders.
I met my 2022 goal just shy of 3 months early, and was able to capture close to the ATL. Happy with the avg price.
With having some data now I have been preparing for next uppity and next downity. I feel even with my conservative uppity numbers, and an assumption of 80% of the next downity, there is still a great return comparing to current average price I have with no need to sell. I can comfortably continue DCA even with market going up. If uppity goes to medium conservative price it’s a bonanza, and likewise for not conservative(which may be the next next cycle conservative)
The bit that I’m most worried about will I have bravery to dca during and into next bull and out the other side. Time will tell :-) thanks all WO posters for your opinions, help, and plain simple hilarity.