Isn't it for the DCA strategy to walk all the way to not need to think about market sentiment? Because in my opinion this is only temporary while DCA is long-term which continues to run every week.
Even for now I don't need any chart analysis with DCA purchases when the money is ready then I buy no matter what the price is because DCA is buying at an dollar cost average.
Am I rejecting all these factors? No, not at all DCA is a long-term efficient way of accumulation with some other strategies you can even make it efficient and rewarding for yourself, Sentiments are not temporary but what are talking about market always moves with the sentiments, and a better entry zone is required even for the DCA. Yes, you don't need charting, and I have never endorsed that you need charting with DCA as here we are not discussing BTC from the trader's point of view we are here from the investor's point of view.
Have a look and try to understand what I'm talking about are you really thinking imposing DCA on any timeline without proper strategy execution will work for you (that's a myth).
Failed DCA Strategy When Buying BitcoinI can discuss it again, maybe I can help you or you can help me...
Looks like gobble-dee-gook to me. If you have a long investment time horizon, then just keep buying BTC and reassess where you are at 3-5 years from now. If we go by your forum registration date, you have already been in BTC for a bit more than a year, so maybe you have been able to accumulate some BTC during that time, and maybe you are not yet in profits, but whether you continue to accumulate more or not has to do with your own situation in terms of how many BTC you have already accumulated and what the rest of your personal circumstances look like...
Hmm, Yes sir considering my registration time or even as I'm familiar with the market even before registering on the forum, I made some mistakes in my early days when the market was moving on its peek time so, from my experience I did improve my journey by learning and executing those strategies until now as per my goal I'm moving gradually. I wont say I have a more significant amount comparing to others but according to my own boundaries I'm doing well, at least in my zone.
trying to figure out what might or might happens in the market in the short-term is another question that may not really matter too much, including nonsense discussions of sentiment. You really are likely to get yourself into trouble if you are trying to figure out what to do based on market sentiments rather than just having some kind of a solid plan that is based on your own finances and psychology rather than giving very many shits about how the other people in the market might feel about bitcoin.
Sir, I'm aware of it and I do realize that market sentiments are just temporary influencers of the market, but as investors, we need to realize in which zone we are, whether it is a distribution zone, Accumulation zone, or profit booking zone so we need to shape our investment strategy with DCA accordingly this is what I'm trying to express by using the term sentiments Because we can judge the zone with the sentiments only. As I said in my last post past few weeks were a golden opportunity for efficient accumulation even for the DCA strategists. Why I'm saying all this a more couple of the upcoming weeks will answer.