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/biz/ - Business & Finance

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52430284 No.52430284 [Reply] [Original]

In anyone helse here just DCAing?
I've been buying for months and will buy until the next halving. DCAing is very comfy to me and I wonder why not more people do it. Seems like /biz/ is trying to time this shitshow and fails most of the time. I dump the same amount of fiat every other week in the same projects (mostly BTC and ETH tho). It will work out eventually. WHy is this bad?

>> No.52430317

>>52430284
What are you dcaing at thr moment? Bitcoin?

>> No.52430398

>>52430284
It feels like insanity, dumping hard earned cash into internet money that keeps losing value.

>> No.52430443

>>52430398
Yeah bro, it's far better to put money into crypto during the height of a bull market with 10-20% gains week over week and everyone feeling euphoric.

The way to actually make money out of this shit is to buy in when things have tanked and be patient, willing to wait a few years for the next run.

>> No.52430599

>>52430317
yes, Btc, Eth and some (very small amount) in a shitcoin just for fun. It's like 45%, 45%, 10%.

>>52430398
I see how this sucks but same goes for broad indexes like a ftse All World etf for example. People how dca have the best performance because they buy on the downturn as well as the upturn. Over years this is the best method when you like money. If you believe (you don't have to but i do) that crypto as a whole will be a big thing is some years again (I personally expect a new bullrun end of 2024 or 2025) then buying consistently more when numbers are down is the best thing you can do. No omne knows what happens in the short term. We go up next month: Nice I'm in profit. We go down next month: Nice I can buy more for the same amount of fiat. If you think crypto is done for good and markets won't recover to a new ATH this method isn't for you but otherwise...

>> No.52430999
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52430999

I’ve been DCAing into ETH since April and LINK since June and it’s very comfy. It’s just not as exciting as watching retards gamble their life savings with leverage so there’s not as much conversation around it

>> No.52431029

What's the best top 200 coin to DCA as a poorfag? Should I just go with Ether?

>> No.52431030
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52431030

>>52430284
t.

>> No.52431109

>>52431029

Eth is quite reliable. Had good returns compared to BTC but is actually used unlike a lot of shitters.