Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Zanab247
on 19/07/2024, 17:11:59 UTC
Quote from: Odohu
Quote from: Justbillywitt
Let's say your weekly DCA is $50 and you know that withdrawal fee will be needed you can make it $55 and use the $5 to cover the fee.
I don't think it is a smart move to use 10% of your capital as withdrawal fee, that is too high for me. Instead of doing that, you could buy weekly but withdraw monthly, this way you will be cutting down the fee to 2.5% of your capital. If you continue to spend $5 as withdrawal fee for a $50 weekly DCA, that will amount to $260 annually as fee which is too high for such a low capital. So lile I said before, instead of this, a weeklg DCA and monthly withdrawal will be better.

What I'm suggesting to you is also what I'm doing because we have to maximise the opportunities while cutting down the cost of doing that.
Well, there are some people who don't care about the fee in their withdrawal as long they are going to achieve something in their weekly withdrawal, but the profit will not be big compare to people that withdraw every monthly to reduce the gas fee to accumulate profit.  I don't know why some people are very comfortable with weekly or monthly withdrawal in the industry because it will not help to achieve your target on time base on the high fee involved but if you can continue accumulating your portfolio for a long period of years, it will help you to earn plenty profit and reduce your gas fee.

But making it a long period of years before withdrawal, it will make it more better for you not to be charging big money on gas fee because you know you are about to withdraw plenty, so that it will bring big money no matter the gas fee that will occur in the cause of the transaction.