DCA is good for those people who have enough disposable income that comes in regularly every week/month. But for a pleb like me, I need to pick good price levels where I could get the most of my limited capital. Plus read the news.
TBH even a pleb who has been dollar cost averaging bitcoin is now in profit no matter when they first started DCA'ing as long as they maintain the frequency of purchase. I know the chart shows summary for daily DCA'ing but it still works well for weekly or monthly depending on plan. You should know what you can afford to invest in the next 12 months. Then divide that amount by the frequency you want to set (weekly, daily, whatever). Set automatic orders and that’s it.
Why would I buy now if I know there's some probability that some macro-economic and geo-political events will crash ALL markets all over the world?
As long as the Federal Reserve is not turning on the money printer, economies and markets will eventually crash back down again.
As long as the Federal Reserve is not turning on the money printer, economies and markets will eventually crash back down again.
As a bitcoin investor I believe you should be acquainted with the fact that the economic state of our country does not do us any good but rather make things difficult. Just take a look at current regulations and discussions in Europe regarding btc/internet. As long as people in power see bitcoin as a threat and deny progress, I don't think there will be major changes. Sure, they can't stop Bitcoin because there are lots of enthusiast like you and I, but they can make it a lot more uncomfortable for all of us. So, we should be focused and removed fear that might affect our strategies.