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?
Since I know that I am accumulating bitcoin for the long term, I am not primarily concerned about buying the bitcoin dip so that I will not be carried away by it and mess up my bitcoin accumulation journey. Based on the money I used to accumulate bitcoin monthly, I still have a long time before I accumulate the quantity of bitcoin I want to hold. So I stick with accumulating bitcoin monthly when my money is readily available for me to use. This discipline has helped me to accumulate bitcoin without going through any difficulties, and it also allows me to accumulate bitcoin when bitcoin is increasing or decreasing. This is how I accumulate bitcoin with the DCA strategy.
Well I understand what you are trying to say but buying Bitcoin during the dip shouldn't be something that you are fixed on because you can take as an opportunity window even though you are buying with the DCA strategy and this is because the rate you get for buying Bitcoin during is more profitable but it's still understandable that you don't bother yourself and only wait on the dip because consistency in buying of Bitcoin is the right way to go about it especially when you are already fixed in on the taught that you are aiming big with your investment.