⭐ Merited by JayJuanGee (1)
You do seem to be mixing up your definitions a bit, so I am not sure if I am going to be able to pound the proper way of thinking about the matter into your head.
A more strict DCA approach is going to largely be price agnostic................
Another thing is that maybe this person has his budget pretty well figured out and his emergency fund is good, .............which is 1) lump sum 2) DCA, 3) buying on dips.................only one of the categories.
You have abled to pound the whole definitions and differences nicely in my mind because now I totally understand what makes DCA strict one and fancy one. Totally got the idea and thanks for the easy explanation too. Really appreciate. A more strict DCA approach is going to largely be price agnostic................
Another thing is that maybe this person has his budget pretty well figured out and his emergency fund is good, .............which is 1) lump sum 2) DCA, 3) buying on dips.................only one of the categories.
PS: just thinking the advice like the three options you mentioned in the second scenario which are Lump sum, DCA and buying on Dips. I mean no offense, but do you also follow these same norms of investing. Means, aren't you are sharing VIP tips to everyone.
Well one of the ONLY ways that DCA really works is if you have some level of confidence that the asset in which you are investing is going to have periods in which it goes up in..........
Got it. Strict DCA is not concerned about price. When you are concerned about the BTC price you are engaging in buying on dip strategies... not DCA.. ........
I already got this point as you explained it with examples in this same reply, Now I understand what strict, soft or hybrid DCA means. Oh great. .thanks for the link. I see that there is no real article.. just the chart... but still at least it shows a possible place that the chart might have come from.
Yeah, I was also looking for an article to read more explanation about the graph but sad I did not find any so I think sharing it might help but still some explanation is must for people like me. Thanks a lot, to you for helping for solving confusions.