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Scraped on 05/04/2025, 18:56:12 UTC
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using the earlier method of investing in Bitcoin now will look awful and it will be like someone that is not serious in Bitcoin investment and the reason it was like that back then was because there source of income then wasn't stable and jobs wasn't rampant as it is now.
You talking about lump sum btw...
It's not actually  awful to lumpsum now as well, it just better to use the DCA approach . Also, there were jobs then, just as it is now , so there's  nothing like more job opportunities now, the only  difference is that it's not that common then as there wasn't that much of people who embraced it earlier, it was only later they began to realise  it's worth.. Besides, there wasn't  that much of people  who were into Bitcoin then compare to now and it was more cheaper to get then so there isn't that much need for DCA compared to it price now.. DCA as a strategy isn't termed to Bitcoin only ,  it's used in the world of investment generally and known already since mid 19s.. here's a wiki definition
Quote
Dollar cost averaging (DCA) is an investment strategy that aims to apply value investing principles to regular investment. The term was first coined by Benjamin Graham in his 1949 book The Intelligent Investor. Graham writes that dollar cost averaging "means simply that the practitioner invests in common stocks the same number of dollars each month or each quarter.
Original archived Re: Buy every dip!
Scraped on 05/04/2025, 18:50:57 UTC
..
using the earlier method of investing in Bitcoin now will look awful and it will be like someone that is not serious in Bitcoin investment and the reason it was like that back then was because there source of income then wasn't stable and jobs wasn't rampant as it is now.
You talking about lump sum btw...
It's not actually  awful to lumpsum now as well, it just better to use the DCA. Also, there were jobs then, just as it is now , so there's  nothing like more job opportunities now, the only  difference is that it's not that common then as there wasn't that much of people who embraced it earlier, it was only later they began to realise  it's worth.. Besides, there wasn't  that much of people  who were into Bitcoin then compare to now and it was more cheaper to get then so there isn't that much need for DCA compared to it price now.. DCA as a strategy isn't termed to Bitcoin only ,  it's used in the world of investment generally and known already since mid 19s.. here's a wiki definition
Quote
Dollar cost averaging (DCA) is an investment strategy that aims to apply value investing principles to regular investment. The term was first coined by Benjamin Graham in his 1949 book The Intelligent Investor. Graham writes that dollar cost averaging "means simply that the practitioner invests in common stocks the same number of dollars each month or each quarter.