Quote from: Wind_FURY on Today at 07:55:40 AM

Quote from: Cryptoprincess101 on May 02, 2024, 01:01:52 PM

Quote from: Wind_FURY on May 02, 2024, 11:30:19 AM

I was merely mentioning it as a guide for newbies who want to start HODLing. DCA at the current price = Good. But "IF" Bitcoin crashes down to that line or go below it TODAY = throw DCA out of the window and get as much cash as you can and buy Bitcoin.

Basically the DCA is more advisable for anyone that on a salary payroll or your income comes in a specified interval but for anyone that have a lot of money that they have accumulated for long the DCA will not be necessary for them at an intensed DIP but the lump sum is what is needed at that particular time but in subsequent purchase of Bitcoin they can choose to apply the DCA so if the price dips further than this then it will be a very good advantage to buy huge and you can even decide to forget about the DCA yet and use any income you have to settle some real life projects and needs so that on know account will you touch your holdings then watch your investment in Bitcoin grow as time goes.

I have learned enough from my debates with JayJuanGee that buy the DIP, or DCA, is a matter of personal preference and to do what YOU are comfortable with. But the point of that post is, keep doing DCA if you want. BUT if there's a crash and an opportunity comes to buy the DIP near or below Bitcoin's 200-Weekly-SMA, then BUY THE DIP WITH EVERYTHING YOU COULD AFFORD.

You speak from a Trading Technical approach, using an indicator to approach a volatile market like Bitcoin. Guess, you know indicators for lag and shouldn't be the only confluence for action as well as newbies Coming to this thread to learn might get confused and then to leave the path of DCAing, having an emergency funds, and long term view of the market as approaching bitcoin from your view as a Tradable coin is wrong rather than a Valuable Asset.

Using the word Everything is misleading, the market is unpredictable so I don't encourage rather everyone stick to there plan and approach with caution to avoid regret.