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28267825 No.28267825 [Reply] [Original]

Is dollar cost averaging a good way to purchase BTC (say 10% of my gross pay check)? Why or why not?

>> No.28267941

>>28267825
DCA is a boomer strategy, just watch the daily charts and buy the dips

>> No.28268207

Its the safest strategy you should be doing it.

>> No.28268379

DCAing BTC is the only thing I do with Cryptocurrency.

Ive had a few goes at trading shitcoins, and while I did make profits doing it, it took too much effort and time fucking around to do it, having to constantly watch shit.


Now-days I just treat BTC like my index fund, every 2 weeks I exchange fiat for BTC, as much as I can afford, every 2 weeks. Once Ive accumulated $5k or so worth of BTC I move it off the exchange to my private hardware wallet for cold storage.

>> No.28269103

>>28267825
nah. sooner you get in the better at this point. bullruns have a time limit.

>> No.28269142

>>28267825
Yes. Set it and forget it.

>> No.28269315

>>28267825
It's a good way to invest in general because it just feels like a normal expense if you do it on a regular schedule. You'll feel much less pull to panic sell something that way than you will by making huge random purchases.

>> No.28270842

>>28267825
desu trading is for people in 6 figure hell trying to make it with a couple more double ups or people in 4 figure hell who need to hit a moonshot so they don't rope.

if you have a regular income DCA is the way to go

>> No.28271705

>>28267825
*btc stock

>> No.28272507

>>28267825
DCA works during a bear market. In a bull market, getting in right away and having time in the market is crucial, otherwise you could easily miss days of huge gains.

>> No.28273586

>>28272507
>DCA works during a bear market. In a bull market, getting in right away and having time in the market is crucial, otherwise you could easily miss days of huge gains.

I think this is true. Most optimal would be to do both, though. Set up a smaller daily/weekly DCA and lump sum buy ASAP. And once we get into bear, increase the amount you DCA. Best to just start DCAing as quickly as possible.