Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Wind_FURY
on 01/04/2025, 10:59:31 UTC

[edited out]
During 2019, I purchased Bitcoin with most of my savings and I thought I already had enough. But when you log in to a forum everyday that only talks about Bitcoin, you are sort of making yourself accumulate MORE.

That's what I did during 2022 and 2023.

Next accumulation, perhaps 2026? Cool.........

..................It's a matter for personal preference. I like to buy DIPs during a bear market when the price is near, is touching, or under the 200 Simple Moving Average of the weekly chart. But newbies can DCA if they personally believe it's right for them.

Have you been able to outperform a strict DCA approach, like the one that I mentioned earlier?


Honestly, I never made the proper calculations, nor have I thought about making one because I'm VERY happy with my decision during 2019.

But for the sake of helping me answer that question, let's pretend my life savings during 2019 was $22,500 and I used $20,000 to purchase Bitcoin, obtaining them with an average price of about $5000.

What would be my average purchasing price if I started a weekly DCA from April to December of that year?

 🤔