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?
As always I went with my DCA, I'm not really a fan of buying the dip because I don't want to get into some emotional and psychological drama. I stick with DCA because it's something I have have gotten use to. Either way I still benefitted from the market dip. Unlike you I didn't double my DCA amount during those period. I didn't want something that will take me out of my original plans because I have already programmed my income how to spend them so I don't run into troubles. You know it's not just about going outside of your original plan when you never budgeted for it. But for those who already have this figured out before time just like you can go ahead and double their DCA amount when there is need, but for people who hasn't made any provision before hand, it's best to continue with what they are already used to in order not to get into trouble.