Techniques like technical, fundamental and sentiment analysis aid anyone who is investing but they do require time and expertise which everyone dont have. If I talk about myself I dont have expertise to in TA, FA and SA, thats why I follow DCA.
The idea of the importance of SA is stupid, especially when it comes to long term investment, and sure we are talking about buying on dips too.. so sure, sometimes we might want to consider what is a sufficient dip to buy and how much BTC to buy at each dipping point, which is difficult to determine, and still I doubt that SA is going to be very helpful, even though sure people do use that kind of nonsense, which sometimes means going with the sentiment and other times going against it.. but still seems like a BIG waste of time to playing with those kinds of nonsensical measures to guide what to do or what not to do... which then leads you to the conclusion of DCA'ing, which does seem to be the right outcome, but still SA that is a dumb thing to try to use or even to think about as a meaningful guide for action... but it does sound like one of tools of traders and shitcoiners.
Thanks for clarifying that SA is just a wastage of time. If you read my initial post I wrote that I don't have much info about TA, FA and SA nor I have that much time to learn these techniques.
I was doing a small research that how much effective DCA will be on https://dcabtc.com/ and comes up with following data. If you doing DCA 100 dollar per week then here are results:
What I conclude from above table is that even DCA may not be effective over a small period of time but over a longer duration like 4 years or more.
What I conclude from above table is that even DCA may not be effective over a small period of time but over a longer duration like 4 years or more.
Your numbers are wrong and with that dcabtc.com website you need to manually calculate your level of profits, so let me show you with the 3 year period.
So yes, you are correct that $100 per week would result in right around $15,700 invested over three years, and that would also result in about 0.5518 BTC (which today has a market value of about $24,280 (which is an average cost per BTC of about $28,452 ($15,700/0.5518) and a profit amount of about 55% ($24,280/$15,700)). Your table shows losses of nearly 9%.. which surely is not correct, and perhaps some error of the site because the amount accumulated would end up being 0.5518 over 3 years which is truly profitable by 55% and not a 9% loss. You can recalculate for each of the time periods and come up with differing results, but the trend is generally that every period is currently up, and the longer that you have been in then probably the greater your actual profits, even though the percentages might vary along the way, and I don't necessarily feel like going through each of those calculations myself to show the correct results, but I do use that DCAbtc.com website on a regular basis, and I have found that I have to perform some of the calculations manually in order to get the correct results. There are some other DCA calculating websites out there too.. such as https://dcacryptocalculator.com/bitcoin and https://costavg.com/
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https://dcacryptocalculator.com/bitcoin and https://costavg.com/ are giving similar results if we want to calculate results of 100 dollars per week for last three years. ROI for last 3 years from these sites is 43%.
While same data on https://dcabtc.com/ shows a decrease in 20% of total investment. So better follow https://dcacryptocalculator.com/bitcoin and https://costavg.com/ for DCA calculations.
Thanks for giving info about these two sites.