Quote from: philipma1957 on Today at 10:08:16 PM

Quote from: Btcdeybodi on February 12, 2025, 06:28:06 PM

Due to the volatility of bitcoin, there are days when the price of bitcoin skyrockets so high within some hours or within 24 and some days the price also falls drastically and tries to cause panic in the market so i was thinking that won't it be advantageous for someone who chooses to DCA everyday such that he can have the opportunity to buy at DIP prices since the market also experiences short time market fluctuations some days, instead of DCAing weekly or monthly which he can miss DIP prices since before the time of their next DCA, the price must have increased and he keeps buying more at high prices.

If you do say $25 usd a day on an exchange that is low fee say 19 cents . It is a decent idea.

it would be 25.19 x 365 =9,194.35 a year

you would pay .19 x 365=69.35 in fees

to get 9125 in coin.

you would likely beat variance

it seems to look like it is a good idea.

Nice calculation but $25 everyday is huge because it will sum up $750 in 30 days which means that someone who is using that amount everyday to DCA should be earning up to $3000 a month, that is he will be investing a quarter of his income monthly which fair and reasonable but someone who isn't earning up to that amount wouldn't dare invest $25 everyday because it will become a problem when he starts finding it difficult to manage his everyday DCA with basic need expenditures.