Quote from: boty on Today at 01:18:06 AM

Quote from: macson on October 23, 2023, 07:08:12 PM

Quote from: Juse14 on October 23, 2023, 06:06:47 PM

But I am a little calmer because I buy more BTC at a price of less than $ 27K, DCA that I do I do almost every week so I think I feel better today because BTC moves fast up to $ 31k, to wait for the best price to continue My DCA, waiting for BTC to be corrected first, if I fear today to buy at the current price it is less beautiful.

Understand DCA correctly, and use the strategy well so that your portfoliomy can smile broadly when Bitcoin has increased significantly, I would have most people smiled broadly because of their portfolio, it should be remembered that the longer you hold BTC, the more likely you get The advantage of the investment you make from BTC, don't be easily tempted by this simple increase then you sell your BTC, I think it's a stupid decision, there are still many surprising with BTC. Hold Your BTC Sir.

when the bitcoin market is sideway or the bitcoin market is bullish then buying bitcoin using the DCA method is the most recommended thing, apart from that i also tried several other strategies such as buying more portions of bitcoin ^{(in fine words if the market is bullish i buy 1 but if the market bearish i buy 2)} when the market was heading towards bear. However, it must still be emphasized, in order to prevent you from selling Bitcoin which you intend for long-term investment, you must have a stable income that supports your finances every month... surely we will all smile with our portfolio if we remain disciplined in implementing effective strategies in investing bitcoin.

Using the DCA method when the market is bullish is certainly a good thing and also buying more when the market is bearish, but in investing in Bitcoin we need a long time to get a profit from the investment we make and we have to be patient with various market conditions. You are right, we must have a steady income so as not to interfere with the investments we make and we also really need a strategy to be able to collect and get profits from the investments we make.

I know that people have their differing strategies, yet the general ideas of trying to time the market would be to buy when the price is going down and to sell when it is going up.. .so usually you would not be buying when it is going up unless you were trying to make a lump sum buy in order to front load your buy prior to the price going up (if that's what you think the market is going to do)..

So in that regard, it does not make too much sense to DCA when the market is bullish.. except if you are just assuming that the market is going to keep going up because it is bullish, but that is not necessarily going to always be the case, and surely there are a lof of difficulties to figure out if the market is bullish or bearish.. which is part of the rationale of DCA that does not get too involved in trying to figure out if the market is bearish or bullish but only ends up focusing on whether you have discretionary income or not and then just deciding to buy based on how much of your discretionary income you want to use to buy BTC versus using it for some other purpose, such as consumption, or investing in something else versus saving it for some future purchase.