⭐ Merited by JayJuanGee (1)
Today we see Bitcoin going over 70k, we have been on a sideway run from the start of March to now. We saw a new ATH $73794 on 14 Mar, and have also seen some dips along the way. Anyone care to state how close they got to the dips over this period?
(Bitstamp USD$ prices on the daily chart)
20 Mar $60,760
17 Apr $59,629
01 May $56,500
From my own DCA data, looking at the lowest cost price around/near/on those dates I got corn at these prices:
March $62,000
April $62,050
May $57,033
I didnt do any dip buying, but did triple my dca amounts from May. How did you all do dca or dip?
The ath is pretty close to being reached as today's price is $70k and the previous Ath was $73k. I am quite optimistic that June will see an impressive rally to see a more significant increase in bitcoin prices. So if you ask what I did in February, March and April of course I did 3 options to increase my BTC holdings. (Bitstamp USD$ prices on the daily chart)
20 Mar $60,760
17 Apr $59,629
01 May $56,500
From my own DCA data, looking at the lowest cost price around/near/on those dates I got corn at these prices:
March $62,000
April $62,050
May $57,033
I didnt do any dip buying, but did triple my dca amounts from May. How did you all do dca or dip?
First I set reserve funds in several entries above $56k and in fact almost all of the buying entries I placed were hit, aka I got opportunities at times.
Second, I relatively buy dips when corrections occur and this continues to go hand in hand with the DCA strategy every week.
You are certainly happy to see the price of Bitcoin continuing to rise and I feel the same way. But in this case I am still not satisfied with my BTC holdings, meaning I will continue to make new entries starting from $40k and above with a nominal amount that I may have to keep secret. Apart from that, if we refer to the recent increase, of course there are many positive issues encouraging the increase in Bitcoin prices, such as Trump accepting BTC donations for campaign funds in the upcoming election.
Good for you ginsan, glad ya got some good dip buys
I have the same feeling too, glad price went up and but also feel I never have enough BTC accumulated. I will say that since I stopped buying on dip, I have accumulated more BTC via DCA than before in my hybrid approach of dca+ dip buying. The tradeoff seems to be that my avg price increased a bit but then have more corn. I got my DCA amounts(will keep secret too) and now when i come into some extra fiat instead of lump sum in, i just increase the DCA amount over time. Running at 3x DCA for May, Jun, July and the back to normal in Aug.