Bitcoin is pushing toward new highs, and the energy in the market is picking up again. But I am wondering is dollar cost averaging (DCA) still the best approach now?
Dollar cost averaging is always the best approach no matter the price and will keep being, as long as you're earning it's best to keep stacking regardless of the price because waiting will definitely do you no good as the fiat is probably lossing value and bitcoin may not even be at the price you think is very high since we are in the bullish market it might even climb higher that you wouldn't be able to buy anymore so DCA is still the best as you wouldn't be thinking of the price but having the thought that at least you added more to your portfolio.
Many people DCA during bear markets when prices are low and fear is high. But with current prices climbing and sentiment shifting toward greed, is it still wise to keep averaging in at regular intervals?
Just like the first person said it's buying the dips you are refering to instead of DCA.
Are you personally continuing your DCA strategy, adjusting your frequency or amounts, or taking a different approach altogether?
Let’s hear how you are thinking about your Bitcoin stacking strategy in this phase of the cycle.
If you're someone like me who's job is not the regular 9-5 but occasionally, I will continue to DCA monthly, weekly or daily as long as I get paid, since bitcoin is not yet going down instead for the next cycle it will keep upping them DCA is still a thing to me.
If I get bigger pay, I will lump sum and if I meet any dips while I have extra cash I will buy the dips, it's just best to use all of the strategies in accumulation.