was thinking we should create a new thread called, "buy the RIP, and HODL!"
We are entering that part of the cycle where as a DCA buyer your going to have that monkey on your shoulder saying "ooohhh, its expensive. I know i said I would ignore the price and buy, but damn its ripping"
Dont give in, your in your accumulation phase. Accumulate at all prices. Ignore the price and continue with your DCA, sometime in the future this purchase price will be lower than the ATL price of that cycle.
Here is an example to help
Mar 23 to Oct 23 we oscillated in that 22-30k range, then suddenly it jumped to 34k. Then over the next 8 weeks it landed it at ~44k.
If you had stopped accumulation at 30k because it was "too expensive" you would be out almost 26 weeks of DCA accumulation. Based on todays rang 85 to 93k you would have lost 200+% value increase
Dont stop stacking baby, your the one that drives me crazy :-)
Perhaps considering the performance of bitcoin since 2009 when it was created till date it shows that everyday is a day of accumulation, every moment you have is an opportunity to grab more bitcoin to your portfolio as it's getting more expensive than you can ever wait for. DCA has solved the problem of timing, emotional diversity, and financial instability/problems. it's best we use every opportunity we have to buy and Hodl for bitcoin will always be a Green assets and a true definition of money with it's level of scarcity and other features.
Truth remains that the most expensive price you could buy today might be the cheapest price you could get it for a long time.