Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 24/07/2023, 15:34:20 UTC
⭐ Merited by vapourminer (1)
What you do Huh

Smiley

HODL?

Hello, I'm setting up an automated weekly DCA. Can some of the knowledgeable gentlemen here suggest the day of week with statistically lowest prices?

I don't recommend "automated"  sorry bout dat.

And do they even allow you to customize it?  beyond "weekly" or ability to choose "day of the week" versus having the ability to pick the exact hour.

I recommend that you be more active with your BTC purchases and manually process them, even if you might have to vary the time a bit.. .. but since you have been around dee cornz so much, you should be able to manually process a buy at a time that is of your own convenience.. and it should not take more than 15 minutes per week - which also gives you a chance to browse a few threads...

but yeah.. part of the reason that you want to set up automated would be either so you do not get distracted.. or that you might not be in a place that you are able to carry out your 15 minutes in order to make your weekly BTC buy.

I am not going to answer.. but if you are going to do it automated and you are actually able to customize it (which I have my doubts that the platform that you are using is going to allow that) middle of the night (western time) on a Saturday, or a Monday, or a Wednesday, might be good... try one.. then .. review it after a few months.. and then try a new one.. maybe you will see one that I am not seeing.. I don't have too much of a clue because it is likely NOT going to make too much of a difference beyond mere luck if there might be some kind of a pattern.. but I know that if you set it up with some exchange that does not allow you to customize it specifically then they are going to batch all of the DCAs for that day or week, and then you are likely getting fucked by the way that they do it and the fact that there might be some folks who actually know when the batched BTC DCA orders are going to be processed.