DCA works fine during a bear market. but when the bull market starts its way better to just go all in or like half now half at a better price if given the opportunity.
DCA works at any price, and it is not about trying to figure out if the BTC price is up or down or in a bear market or in a bull market.
The main idea for DCAing into bitcoin is that ultimately the BTC price is going to go up.
If you think that you are smarter than the market or that you believe that you can time the market, then you can attempt to either substitute with buying on dips and lump sum investing into BTC. Or you can supplement your DCA approach with buying on dips and lump sum investing.
Frequently part of the issue with a lot of normies is that we do not have lump sums of money that we can invest or even an already established investment portfolio in which a part of one asset can be cashed out in order to buy into bitcoin.
So frequently the best that you might be able to get is $100 per week or maybe some other amount that is feasible and reasonable.
Sure, you could let you $100 per week build up in order that you are able to lump sum invest when the BTC dip comes, but no body knows when the dip is coming... even when the BTC prices were at $69k in November 2021, no one knew that the BTC prices were going to go down from there.. so just start fucking buying at reasonable amounts such as $100 per week, and if you want to try to be strategic with some of the money to buy on dips then maybe you save for 26 weeks and you end up having $2,600 that you are able to buy when the BTC price goes down from $69k to $35k, and then you put all of your $2,600 in at $35k, but then you are faced with the same fucking problem.. you ran out of money.. and the price keeps dipping, even though you thought that you had saved all of your $100 each week in order to buy on the dip. You bought on the dip and then 3 months later you find the BTC price at $19k, or whatever and then later down the $15.5k, and so how are you going to know how much to DCA, buy on dips and or lump sum invest? Each person does his her best, and DCA tends to be a strategy/practice that facilitates commitment and perhaps even investing way more than you might do if you were trying to be more strategic about the whole matter and you end up being a bitcoin whimp because you are always waiting for more dip and failing/refusing to act with commitment... and get off of your ass and buy some lil precious.
DCA works fine during a bear market. but when the bull market starts its way better to just go all in or like half now half at a better price if given the opportunity.
Well one can argue when to do DCA if the market is going up up and away.
Right now the Market is all about a sideways motion.
That calls for DCA.
You are mixing up the concepts of DCA with buying on dips. Sure you can do that, but DCA does not give any shits... just buy regularly, and sure you can try to be somewhat strategic about it in terms of buying more BTC when the price is down and less when the BTC price is up, but when you are trying to time the market, you are no longer exercising pure DCA, which also more of a pure DCA should facilitate that you are making assessments in regards to other BTC accumulation goals that you might have, whether it is to get to fuck you status or something like that.
Don't get me wrong. I am not against supplementing any BTC accumulation strategy with buying on dips, lump sum investing or even HODL strategies (or sometimes other trading strategies too), but those are not DCA strategies, those are other strategies that may or may not be used to supplement DCA strategies and or might be used to otherwise play the market rather than pure or proper DCA.
If you wait for buy low sell high it does not work if the low has happened a few moths ago.
That's called trading.... which is also different from DCAing.
I started DCA on NOV 4 Friday the 2022
x fiat for 10 weeks = 10x
I also did some buys at 15.7 and 15.9 and 16.2
4x each and 1 more buy at 16.55 4x. this means I grabbed 16x on dips and 10x on DCA.
I do have dips set for 15.5 and 14.9
All of the above has nothing to do with my mining which is a grind for me and my 3 partners.
For sure, you can have a variety of strategies going on with different pots of money.. or even if you get an extra $1,200 that comes into your cashflow that you had not expected, you could make choices regarding how that $1,200 gets plugged in. For example, you could divide it into three parts. One part ($400) goes towards buying right away at any price, a second part ($400) goes towards DCA, such as $10 per week for the next 40 weeks or $4 per week for the next 100 weeks or $100 per week for the next 4 weeks or however you would like to divide it, and the third part ($400) goes towards buying on dips, such as 40 orders for $10 each every time the BTC price drops $100 or 4 orders for $100 each every time the BTC price drops $500 or whatever you want to do. So there are ways to set up your buy orders to go all the way down to $3k if you want or to have your DCA extend out until 2026.. if you are able to dedicate certain known cashflows towards BTC purchases that fit within the categories that you set up completely within your discretion.. and some aspects of your funds you are going to know in advance and other aspect you are not going to know in advance but you can still have systems to plug new cashflows into existing systems, and of course, the more you are able to practice following the various systems the more you might be willing to adjust them in such a way that they trigger more frequently or less frequently depending on the accumulation goals that you have and/or the sustainability that you might want to retain within the systems that you set up.
I bought on the luna crash low in June like 17Kish and bought some more recently to lower my avg price and attempt to buy at the bottom.
Nothing wrong with that if you have money to buy during those price points.. some people ran out of money and bought on dips down to $30k or whatever, then did not have any money left. There are all kinds of variations in regards to what people had done and were able to do, including that some people have still not deployed their cash because they are waiting for sub $10k.. which they may or may not be able to buy at their target prices.
Are you saying that you know where the BTC price is going in advance TrustedBitcoiner? Should we subscribe to your newsletter too?
