~~
Time for my last update this year
Market lowest Dip prices (Bitstamp USD$ prices on the daily chart)
06 Sep $52,546
10 Oct $58,867
05 Nov $66,798
From my own DCA & purchase data, looking at the lowest cost price around/near/on those dates I got corn at these prices:
Sep $53,684 (DCA)
Oct $59,197 (DCA)
Nov $87,972 (DCA)
honestly looking at the prices of previous 2024 buys and the latest ATH $103,647 gives the warm fuzzy excitteeeess
March $62,000 ATH $103,647 +$41,647
April $62,050 ATH $103,647 +$41,597
May $57,033 ATH $103,647 +$46,614
Jun $59,338 ATH $103,647 +$44,309
Jul $55,553 ATH $103,647 +$48,094
Aug $49,752 ATH $103,647 +$53,895
Sep $53,684 ATH $103,647 +$49,963
Oct $59,197 ATH $103,647 +$44,450
Nov $87,972 ATH $103,647 +$15,675
Keep stacking :-)
Awesome, you get to take advantage of a good opportunity, keep doing it.
With the data you shared, it seems that purchases with DCA run every month.
But so far I can only say that your level of consistency is quite good by buying regularly. Will you make a purchase at the beginning of the month, in the middle of the month this in December. Because some of the purchases you make often occur at the beginning of the month if I have noticed since March.
I also accumulate Bitcoin with DCA but my strategy is more comfortable with weekly until now.
As I discussed earlier, I want to act more aggressively in 2025, Well maybe it takes adaptation to launch the program on the accumulation that I planned in 2025. I have prepared various considerations, where this year I budgeted 11.2% of my income to invest in bitcoin and in the thoughts that I have planned of course I want to increase it to 15% in 2025. Hopefully it can go according to expectations and planning that I have set.
Hi Ginsan, thanks for comments.
For my purchases they are regular dca but the ones I have listed above each month are the lowest price i got my DCA buy in at. The point of this update/thread was just to show how close DCA gets to a monthly bottom. I usually do weekly and then sometimes i do random buys outside the schedule. For example in August I also did some dip buying, and I usually have a few buy order ladders set.
I was weekly since I started, then i increased my DCA amounts each year and then I also increased DCA amounts mid year when I got some extra money. I preferred to do this because if i put into ladder buys they may not hit and I wanted to accumulate as much as fast as possible. 11.2% is a really good allocation, and of course 15% is even better! I have noticed with my own journey, year over year I have increased my DCA budget. The really important thing is only do so within your means, dont over extend yourself or at least put yourself into a situation where you might. Its definitely a balancing act, you want more, you have conviction but you dont want to over extend either. Another consideration you could also think about year to year, is if your get a regular pay raise then shifting all of that into your DCA % could be a good idea. Everyones situation is different but you have proven to yourself you worked in this years budget, and now the extra X% is not needed and can be diverted.
Lastly and something I learned along the way is I should have been even more aggressive than I was, I took a very low risk approach in and then over the years got more and more aggressive. In hindsight I could have been as aggressive in year one as I am now and still be ok.