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DCA defeats any strategy of dip chasing. Normal people would not even have time to consider something such as dip chasing. Find a way to make DCA automated, set it up and forget it. Come back in a decade or two and see where you stand. One of the best ways to do it. As long as you don't look frequently, you will never have temptation to sell.
DCA defeats any strategy of dip chasing. Normal people would not even have time to consider something such as dip chasing. Find a way to make DCA automated, set it up and forget it. Come back in a decade or two and see where you stand. One of the best ways to do it. As long as you don't look frequently, you will never have temptation to sell.
The beauty of DCA strategy is that it removes thee stress of chasing the dip or perfectly timing the market. Imagine someone decides to invest $10 into Bitcoin every week without worrying about the pricee movement.......That’s equivalent to $40 a month and about $480 in a year. Now if we stretch the guy's 1 year investment over 5 to 10 years. That's around $2,400 to $4,800 invested little by little, and if Bitcoin keeps on growing over the long term, as it has done in the past, that ur steady habit can build up massive wealth for you. And the best part of it all is that one do not need to worry about checking the the charts or the short term price movement.
It's the compounding over the years of investing that really stand out DCA from the rest of other strategy, like buying in lump sump. Reduces the sudden going up and down of the price, and as you have said, it's perfect for a long term strategy, no worries and no stress at all. You just have to follow the schedule and that's it.
And if you are a not a technical person (who are?), you don't need to obsessed with charts or drawing lines to predict where the price will be, (no offense to those TA "expert"). Even if there are negative news, you will have a peace of mind, or even be happy to see the dip or crashes because you can buy at a discount.