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 :-)
Of course we keep buying throughout the week, dca does not look at expensive or cheap prices because every maturity is better done to buy bitcoin.
For me it doesn't matter whether the price is expensive or cheap because we target BTC to hold in the long term.
Consistent accumulation is better to apply because the level of consistency will overcome many obstacles that hinder us. Don't look at the price when executing because we have to look at the limited supply of bitcoin, therefore expensive prices are not a big problem to continue buying bitcoin.
The accumulation phase must continue to run as it should, our target is of course to hold in the long term, so if we delay buying, it's the same as we don't understand enough about investing for the long term.
A holder may panic at the volatility of Bitcoin and take any wrong decisions but there will be no human pressure when he accumulates Bitcoin by following DCA method. DCA holder of Bitcoin can insulate himself from the effect of volatility of Bitcoin which can be difficult for ordinary investors. This thread was opened in 2019 and those who have been following this thread's directions since then have emphasized bitcoin holdings today and everyone's portfolio is in a good position and will continue to improve. Those who are relatively large holders of Bitcoins are giving the most importance to field of DCA for accumulation in Bitcoins. Bitcoin will have bullish and bearish movements but those who follow DCA and regularly accumulate bitcoins will not deviate from their track under any circumstances.