DCA defeats this but only with BTC.
Altcoins? Trust me, I tried this in 2017. Down 50%? I bought. Then down another 50%? I bought more.
Never went up for 99% of coins, I lost so much precious BTC doing this.
You are almost correct here but if someone took a really bad entry on bitcoin like at the 2017 tops and start dcaing from there, you would blame bitcoin too for 3 years before you get to earn some profits. As bitcoin is getting older, the PA is getting slower too. Instead of DCAing from any price level, it would be better to understand some TA and take sensible entries and exits along the way.Altcoins? Trust me, I tried this in 2017. Down 50%? I bought. Then down another 50%? I bought more.
Never went up for 99% of coins, I lost so much precious BTC doing this.
But that's the whole point of DCA, to keep taking advantage of price declines for an entire 3 years or whatever long it takes for BTC to return to the ATH, and THEN move it higher.
DCA is guaranteed long term appreciation (provided you believe Bitcoin continues to grow).
Everyone keeps saying it's just TA and trading, but I keep pointing out nobody has the balls to show their trades because nobody can remain consistently in profit for years. I keep getting called bad by traders, but I think it's worse to tell newbies they can learn trading and make profits. It's not as easy as everyone claims. If it is, we would have tons of threads with people showing real time balances and performance, but we don't, right?
