Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Roseline492
on 23/01/2024, 21:52:23 UTC
Quote from: Greyhats on Today at 09:24:59 PM
Quote from: Roseline492 on January 22, 2024, 10:28:56 PM
Quote from: Greyhats on January 22, 2024, 03:44:05 PM
Hi all,

Do you think with the ETF's in play, and the buying and selling thats going on OTC we should all consider more precisely when we do our DCA buy. Should we setting our DCA after US market close on a week day or even off a weekday and onto a weekend day?

Regards,
Greyhatsa
Actually DCA has nothing to do with those stuff you listed above because irrespective of how we feel is very good to buy when the price is dip shouldn't give us the mindset that DCA strategy is by only buying dip, so perhaps one of the reasons why DCA strategy is one of the best strategy is because it doesn't being influenced by any news or price increase of Bitcoin but however the only difference could only be that the amount of Bitcoin accumulated when the price was a bit lower and the amount accumulated when the price was a bit higher, let's take for example if you bought Bitcoin when the price was $40k with $100 Weekly DCA method you will realize that the amount of Bitcoin accumulated using your $100 weekly DCA will totally be different from the amount of Bitcoin you will accumulate using your $100 weekly when the price of Bitcoin will be $46k, so that's just the only difference but however the price of Bitcoin shouldn't influence our DCA strategy because DCA involves slowly accumulation and doesn't depend on Bitcoin price.

FFS did you actually read what I posted, i specifically asked a question about the TIMING of a dca buy, and should we consider changing the TIMING of the regular buy. Not sure why you went on a big rant about doing DCA, the pros and cons and all that.
It seems you misunderstood my points, no offense I was actually trying to explain your curiosity because you were a bit confused on when to use DCA, however from your question above you ask if it will be advisable setting your DCA after US market close, so perhaps you are actually getting the whole DCA narrative wrong because when you mentioned waiting for the US market to close before starting DCA, you are automatically deviating from DCA to forex trading because DCA has nothing to do with any US section but however it is only design for investors who are rich or poor to minimize there risk and also by having other back up planning incase there is any unforseen circumstances, so actually in as much as Bitcoin price is a determining factor but it doesn't affect DCA accumulation.