Reddit Posts
I have decided to match my child's allowance 100% in the form of DCA into her own personal wallet.
To everyone who told me to dump all my money in and not DCA before ETF Approval!!
“For $1 a day you can save a child’s life”. Well….I can also DCA into bitcoin for an early retirement.
What does 'Have a Plan' look like?
What is your current DCA frequency? Am I doing it right?
Low-Custodial hybrid hot / cold DCA method guide for HWWs
Should I be DCA’ing every week or wait until it stops dropping to buy more?
Im using a DCA bot, any recommendations for the settings?
Time the market and you'll get left behind. DCA is the way..
ETF Came and went. Bitcoin price crashed. BTC is dead
Does anyone else find it odd the whales are the ones making up the selling?
Questions regarding best method to buy BTC for my younger brother
What portion of your 401k did you or would you allocate for purchasing ETFs?
People exiting completely from crypto right now and dumping their entire bags before the halving, what's the rationale?
For people who DCA and hodl, how many sats do you allow to accumulate in a CEX before you transfer them to your non-custodial/hardware wallet?
Keep stacking guys, don’t panic, don’t get emotional, trust the process, be disciplined and DCA.
What Ultimately Drives Big Bull Runs?
Low-fee options for small dollar DCA?
I'm a little confused. If these are 'SPOT' ETFs, how come the price isn't @ 45k?
Big Surprise the ETF didn’t impact price much day one…
Taxes! Suggested methods for tracking profit? Do I need to report income from 3202 sat test sale?
One thing to keep in mind while everything is going on. In reality, nobody knows shit about fuck. DCA is your friend.
Good thing to keep in mind while everything is going on. In reality, nobody knows shit about fuck. DCA is your friend.
Should I move some of my positions in my Roth IRA to the new spot-BTC ETF?
Am I the only one who doesn‘t think the ETFs will necessarily be a good thing for BTC or Crypto in general?
Called the ETF news top, got downvoted into oblivion.
Remember that you were completely ignorant once, so expect repetitive questions from the influx of newcomers
Isn’t this whole SEC fiasco kind of proving how Bitcoin can not be a security?
Two Critical Questions (Post SEC-account-hack): Who? & What's Next?
Making this post to say, I’m so happy I continued to DCA daily.
BITCOIN is an IQ Test that 95% + of the world has failed
I bought BTC at 65k in late 2021.Im so proud to stick with my DCA for past 2 years. To all of you who have been DCA for past 2 years, you're true winners🥳
How can I transfer my Sats/Bitcoin from PayPal to another hot wallet - and will my rate change?
Mentions
I like and use River, but at the same time, why not just use a regular HYSA and use the interest proceeds to bump up your DCA? Not that I don’t trust River, but as stated already, it is not a bank.
Don't forget that the first £3000 of gains are tax free, so with a modest portfolio the tax should be minimal. Assuming you're a basic rate taxpayer, and you DCA'd £16 monthly for the last 6 years, your total cost basis would be (very roughly) £1152 for a total portfolio of £5438 (very rough estimates based on https://dcabtc.com/). In this case, your capital gain would be £5438-£1152 = £4286. The first £3000 is tax free, so you might be taxed 10% of the remaining £1286, or £129. If instead you had no records at all, as a worst-case scenario you could declare your cost basis as zero, in which case you'd be taxed 10% on £2438, or £244, so £125 more. If you're a higher-rate taxpayer, you can adjust the numbers as needed, but basically, if bitcoin goes where we all hope it will go, these numbers will all be rounding errors anyway, even with a zero cost basis.
DCA and continue on with your life. Stop watching it.
What stops the thief from keeping pressing the gun to your head? This kinda assumes that the thieves are absolutely stupid and would be satisfied with the peanuts from someone who continuously boasted about their DCA on r/Bitcoin ...
I do daily DCA of BTC with coinbase advanced (nothing fancy like 10$ each morning with my coffee)
I did my DCA, and now I'm out of fiat.
I do my DCA manually every week because CEXs used to give a worst price for the buyer/seller the more automatic is the way of buying.
What alts are you still holding from 2021 bullrun? Many of my coins like ADA, MATIC, DOT, XLM, VET are still 60% down, the PROBLEM is that I bought a lot in 2021 and I didn't have much money left to DCA. Is it smarter to swap them now before bullrun?
Lol whales? Shit goes up. Shit goes down. Every minute, hour, day, week, month. Stop lump summing into your positions. Stop thinking short term. If you're not expecting to have your funds locked up for 3-5 years minimum in your investment, don't invest. When you start, DCA only. Do not lump sum. Get an exchange that will do the buys for you automatically, set up a daily buy based on your budget and only open your account when you're xfering money into the account and that's it. Come back here 6 months from now and thank me.
*** DCA more altcoins, sell them next year for ETH and/or BTC, and then retire early.
You cannot control BTC price, but you can control your fiat earning. Focus on your work to earn more fiat, so you can DCA more bitcoins and retire early.
Don't know if it's the same situation but I personally realized I was only panic selling because I was investing money I didn't have. I was paying my bills and all but instead of having savings like an emergency fund, I'd invest first. Then when life got real and I wasn't a millionaire yet I had to cash out even if my portfolio was down. I took a break for a while and built up my emergency savings. Now I Hodl & still sleep like a baby. When price dips I just buy more if I can or just stick to DCA if things aren't too good, but I never have to pull out too early.😉
There’s investing and there’s gambling. If you invest DCA in and then HODL as long as your life will allow you and then the exit strategy is to DCA out. Have atleast a 10 year plan. I’m sorry that happened but lessons have to be learned. Most of us have gone through it and some are cheaper and more expensive lessons as well. Also if it’ll make you feel better you won’t be the last.
Took me since 2017 to learn. I'm at 63% btc now and swapping over more every other day. To DCA back into BTC. Keep reading. Bitcoin is king and there is no second best if you arent gambling. If you wanna save for your retirement or kids, just buy the satoshis.
DCA BTC, don’t even look at it. Rebalance every few years depending on your risk tolerance. Live happily.
DCA and HODL is the safest method and once you get comfortable with that , price surges and drops are rewarding with a long term mindset and end game plan. Although I do believe we will see 80k before 50k it’s a good reminder to be prepared for anything .
Learn DCA and sell limits. Then look up the stable coins. Stupid coins like cardano pumped hard in 2021. You’d have to be dumb and forgetful to not pull anything out at 2x if you absolutely want to throw spaghetti at the wall and still win. 95% of crypto investors don’t make more than $500 each bull run. Not saying pump it into random stuff, but in the banana zone, even stupid coins like shapeshift fox are going to pump extra hard. If you 2x your money, to $2k, which you will easily, you’ll be in the top 5% of the investors haha
DCA into BTC and ETH 70% of your net, then 25% into altcoins and if you want some fun trade 5% into memecoins.
Is it a good time to buy to start DCA or should I wait until it goes lower?
Not cash back, but I like a feature on Revolut that lets you auto round up and convert transaction change (or a multiple) to bitcoin. Good way of DCA’ing or adding to your DCA.
I might consider changing my DCA to Kraken - Will absolutely join that AMA
You could put it in BTC and then switch back to fiat as your time of purchase approaches. You can even “DCA out”, permitting you to catch some upside while gradually mitigating your risk exposure.
I used it for in and out to DCA and I never have issues. Not your key, not your crypto
Any of these terms create sparks in that head of yours? * Blow off top * Interest rates * Consolidation at previous ATH * Realised cap * 200WMA * 4 year cycle * Volatility to the upside * DCA * Cherry picked time frame
If you DCA'd the entire time, you are in massive profit. Even if you started at the peak.
If you've been in this space as long as 7 years and havent learned to monthly DCA yet then maybe investing isnt for you.
I invest into 401k, IRA, HSA, 529, etc. Within those I do have some BTC exposure but it's still mostly "traditional" index funds/equities. My BTC cold storage is a large % of my total portfolio, but that has more to do with price appreciation than my DCA into BTC. I'm one to reference the argument about eggs and baskets to most people. BTC is volatile, and life doesn't care what BTC is trading at when it throws you a curveball that requires lots of fiat. That said, BTC had a real risk of becoming irrelevant for many years...IMO those days have passed; BTC isn't going to zero outside of an apocalyptic scenario where we have bigger problems to worry about. Just too many players in the space, including big banking (eww i know) and the most important governments have mostly thrown up their hands and accepted it. For this reason having a high allocation to BTC doesn't carry the doomsday risks it once did, though the volatility is still tough to stomach if you're not used to it. I would never pressure anyone to commit more than they are comfortable with to this space, but I also think people are keeping their heads in the sand if they are unwilling to toss even a little "what if" money into BTC. At this stage.
Where should I keep my fund between cycle ? I plan to DCA out when I think BTC hit the peak of this cycle. Not to cash out. but to wait to re-entry via DCA in again when it's low enough. ( I know , don't time the market. But I want to try. I want to increase my BTC.) I still don't know how to keep my fund while waiting ? USDT ? USDC ? DAI ? PAXG ? I really don't know and have some concern about all these stable coins.
If you are DCAing responsibly and not going into debt doing it, you're doing great!! The vast majority of people on Earth are not even getting off zero. The math speaks for itself. The most anybody can ever get once the last coin is mined us like $165 worth of Bitcoin in fiat terms today. Give it 20 years, your $30 DCA each time these days will be worth something like $500 per UTXO. Keep it up.
The first bear market is scary, do not waver continue your DCA
i considered doing that a few years ago. looks like i made the right decision. Ended up using Swan to DCA, and been happy with the results.
I’ve got strike as well. I did once Tried DCA but it was $5 hr.
DCA near ATH. Better late than ever.
Picking the last year in a choppy market doesn’t tell you anything. Look over a longer period of time, 5/10 years. Lump sum into an appreciating asset makes sense. Waiting, on average, just misses out on appreciation. Think of the big run up in 2017. If you had a rule to buy the dip you would have missed on most appreciation. With large run ups in crypto and general appreciation over time buying the dip or DCA just delays investment and appreciation. Of course if it’s part of a budget or makes you more comfortable, great. A lot of these timing strategies that seem to have an impact turn out to have none or are counterproductive.
You're a true crypto investor! Avoiding any discount like the plague and only considering DCA after maximum FOMO has been achieved.
Sure, but this will only have a massive impact if your gains are fucking huge...which probably accounts for maybe 1% of hodlers (if they are personally holding their assets and not holding them via an offshore entity that they control, which lets be real here, is the case if you're genuinely a big hodler)...the overwhelming majority of hodlers will not be impacted much by such a thing in any meaningful way. I don't think it would be as simple as you describe. Don't kid yourself about the average Bitcoiner being filthy rich on paper, because that's not the case at all. I'd be surprised if the average Bitcoin holder had more than $10k in holdings. Also, the average return per year over the last 10 years was 200%. (https://www.statmuse.com/money/ask/bitcoin-yearly-returns-last-10-years). Factor in that most people seem to follow the DCA approach, which means their annual returns are probably a lot less than 200%...I would estimate the average is probably closer to 50%, but I haven't got the time right now to calculate it. Totally willing to accept I'm wrong on this, but 50% seems like a good basis. If you think I'm underestimating, double the result below, if you think I'm over estimating, half the result below. Anyway, this would mean on an "average" year the tax impact for this sort of person (assuming a tax rate of something like 10% and zero tax free threshold) would be $500 (10% of $5k gains)...so selling your entire stack to pay the tax bill seems a bit extreme...also if you sell the tax in anticipation of paying an "unrealised profit tax" you just realised your profits, so you're no longer subject to the same tax. Further to this, if you look at the link above, there are years where the annual return was massively negative, which gives you an unrealised loss to carry over...which would go some way to reducing the tax burden even further.... This sort of policy is not the severe kick in the nuts you might think it is...especially for the average hodler. It's shit and it's tax for no reason, but I don't think it would disproportionately affect the average hodler... I'm not for or against this sort of tax in anyway, because it is theoretical...but I am always sceptical of people that suggest a tax policy is in some way designed to affect a disproportionate number of people, because politically that is not a great plan...and convincing the masses that a tax change is going to make them worse off is something that you'd find in the 101 section of the rich wanker playbook.
In the last years in BTC history: You made more profit with buying the dip or DCA than buying BTC at a high price. Of course: Do not wait 12 months to buy at a certain low price that might never happen. Of course: Buying BTC now with all your money might turn out to be a good action. But we do not know the future now.
My best friend has a history of making bad decisions. He's still splitting his DCA between BTC, gold, and silver. SILVER! Idiot.
You may well have 7k in the bank but you don't want to be dumping all that in crypto. Put 5k of that in something like a mix between SP500 and Emerging Markets on a trading platform like Vanguard or Trading212. Then every time your wages come in set aside 1-5% of your take home wage in crypto, mostly DCA into BTC, and about 25-29% in SP and EM It depends on how much you earn and your bills but this is what I would do if I (m49) was 21 again right now.
#1: Ignore PMs. They are scammers. #2: Your seed phrase is your money. Keep that safe. If you ever enter it in online or give it to someone, you have donated your money to scammers. #3. Start small and back up properly. #4. Stick to Bitcoin. The rest are scams. If you want to be ignore this sound advice keep 80% in BTC and gamble 20% expecting to lose all the rest. #5. Make a plan and stick to it. If you ever find yourself being shilled and buying a scamcoin, you need to decide on your exit before even beginning. That said, just DCA into bitcoin... keep it simple, easy, and profitable. If it were up to me, I would tell you to straight away buy $100 right now. Record the fees, back up your wallet, and delete it. If you lose it, you learn a valuable lesson for a fraction of the cost and help secure your entire crypto portfolio for the future. Play out scenarios like: losing your phone + your house is broken into. Pretend you are protecting a big treasure, because likely even $100 now will be very valuable in the distant future, assuming you properly protect it. After you are comfortable recovering your wallet and backing it up, start to add to it regularly, and get a hardware wallet and practice it similarly until comfortable. If you have $2,000 in BTC it is time to order a hardware wallet... Eventually, you can find a low-fee DCA solution where you can set-and-forget and stack sats gaining your edge easily and have a massive edge on others your age building up their debt portfoios with depreciating assets...
"""""""""""voluntarily"""""""""""' just after losing over $200,000,000 of the principal he'd invested into BTC (not the "drop from the top", he kept borrowing money and throwing it at BTC until his DCA was $30,000 per BTC unit, then the price crashed to around $18K at the bottom for a net loss of around 40%) and with articles questioning whether the company would end up getting margin-called on some of the investments and going bankrupt. Suuuuuuuuuuuuuuuuuuuure.
It is a test to see if DCA hourly makes me more or less. I also invest $24 daily on Coinbase around 7am every morning. So I have something to compare to.
⬆️ this, if you’re in a country where bitcoin tax laws apply. I don’t really see what there is to be gained with hourly DCA vs daily or even weekly compared to the tax PITA it involves.
Most backtest/studies show lump sum beats buying the dip and DCA.
IMO boldness means foolishness. Either you recognize an opportunity or you do not. Better have money for the opportunity than having spent it before. I believe that BTC gains value over time and thus I would rather wait and buy a dip or DCA. Even if the current price turns out to be the lowest price from now on. Buy BTC at the known unusual low BTC price and not at the known unusual high price BTC price.
This is accurate, and to add, 1 month timeframe at this price is not DCA, it is a FOMO buy. OP is just finding a way to rationalize it to sound less reckless and impulsive.
Probably, but the sub $20k price may be a thing we only see in the history books now. If you truly believe in Bitcoin the the best thing is probably to DCA and develop a profit taking strategy. Easier said than done though lol.
You also missed out on every number lower than 54k.. and there have probably been similar posts of feels bad to invest at X when I missed out on 50, 40, 30, 15, 10, 6, 2, 600, etc. That said, it looks like BTC is breaking out of the band it's been in since March.. AND big macro events are happening. We are primed for a big movement in the short term. I'm optimistic it will be upwards, but it doesn't have to be. I think there is a good chance of an ATH or testing 54k again within the next couple weeks. I'm thinking chances up/down/sideways short term are like 50/30/20 FYI buying over a month really isn't a DCA, it's just a protracted FOMO buy. Either way, if you have figure out what you want to do then follow through. Don't let yourself make emotional decisions based on movement before you finish.
Thanks. That's how I felt when I started in 2021. I was like, how the fuck did I not see this a year ago? It's amazing how easy it is to miss the big picture. A consistent DCA is obviously a foolproof approach. However, when you get a lump sum of cash all of a sudden and want to invest it... sometimes it's hard to know when to start. I guess I should listen to the others here, and just start now!
WE WILL BREAK THE WALL!!! …maybe not today but def someday… idk bro i just DCA and hold avg entry 29.5
Based approach. DCA & sleep well
I didn't want to look at the price, because I looked too much. But I missed $58K the other day. I got around 15% in fiat left, I want to buy BTC, no more fiat! DCA is a fine startegy especially if you have a steady income. But I mainly got in around $46K so it's hurt buying in now! Is there a chance a correction will come or is this the beginning of the bullrun?
Just DCA and close your eyes. Also, don't invest in crypto only, who knows what will happen. All of us HODLers have an agenda, me included, and that is to eventually sell. So I'm just pretending to be blind to obvious failures of all cryptocurrency, as long as everyone else is too.
4 years ago I also didnt know how to start or when to start - But one day I decided to buy BTC every Saturday at the same time and have been doing it until today and guess what Im in profit. I think the most important is to 1- define a strategy and 2- DCA on a regular basis (also when selling - I plan to slowly sell and not dump everything in a row). BTC is destined to appreciate over time so worst case scenario you get to save some money
This why we DCA (Dont Cgive Afuck)
Buy btc in bear DCA is good. hodl until dominanace starts to drop (soon I guess). Then rotate some BTC into good performing alt. Find some technical/onchain/recession indicator and exit like half and rest when weekly trend is bad. This is mine. Ignore everything dogs monkeys all this crap this should yeald in 5-10x in 3 years. Alternative is 1% into ultra low caps on trustwallet or some other phantom. But only when dominanace is peaking.
It's a bit of a balancing act, admittedly. I always keep my BTC spending below my CGT threshold (UK), but that's become trickier recently as the government has reduced the threshold. I also keep an emergency fund in premium bonds (tax-exempt). That gets used before I risk triggering CGT, and gets moved into an ISA at the start of each tax year. Monthly bills are still taken care of by direct debit, so technically it's whatever's left which gets DCA'd into bitcoin.
DCA means buying periodically without taking the price into consideration. So forget about sub 20K.
>Therefore it’s a nightmare for record keeping purposes to use it for everyday transactions. I'm not sure what your threshold is for a record keeping nightmare, but I don't find it hard at all. As I transfer from chain to my lightning wallet (from where I'll spend it), I treat it as sale and record that accordingly. Happens about once a month as I top it back up. Same if you use a credit card. Spend on your card then pay it off once a month and record that transaction as sale. Of course don't do that if you have fiat to use first anyway. But even then, you might be able to harvest some tax losses if you happen to have bought higher than the current price is. (Realistically, though, assuming you DCA, that will only be an option in your first cycle if at all.)
I don’t do any research I just DCA
Same here. I try to hold as little fiat as reasonably possible since it's like storing water in a bucket with a hole, just slowly draining away. I'm still paid in fiat, but that gets largely DCA'd into bitcoin (and some tax-free index funds for diversification). I spend BTC when I must, but it'll always get topped back up.
Lump sum historically have been bette in stocks. For crypto, it's a good point to analyze and I will definitely do so in the future. Atm I think it would be best to invest during bear markets, if the cycle pattern persists, which, according to the Metcalfe and Power Laws, it will. Hence, technically, in 2026-2027 it would be the perfect time to invest in BTC and exit around 2028-2029. Today it's also not so bad, although I think we will se some kind of a dip by the end of the year and then rip. The best and easiest way to safeguard yourself is just DCA. Say, every Monday at 9 am. Or every Month at 15th. Doesn't matter, choose whichever DCA strategy suits you and do it consistently.
Don't think about it in terms of having lost 13,000 EUR, but just a measly 0.03 BTC. TINY amount. Get back on the horse DCA'ing and you can get back up to 0.003 in no time!
Jumped in blindly October 21’ was down 10k Embraced the bear market and started DCA and buy heavy on black swans up 35k that’s a 45k swing in 3 years and we got some long term cap gains on deck
Keep buying the dips my friend. I startet after a bullrun and DCA'ed into the falilng knive. was down 50% for a year or so. I Know how it feels to finally go green. got green somewhere around 10K. volatilty wont bother you anymore in 5 years.
Be glad you know now before it moons - And it will. Stay safe peeps and DCA.
I don’t believe in Meme coins, I just believe in Me. And me lately enjoys DCA’ing into FET. It’s been good to me, at least. And if you disagree, well then don’t buy FET.
I sold from 2020 and 2022 more than 120 objects (and furniture) that I paid very very cheap (or got for free) due to my work (I’m a furniture dealer since few years) - this helped me to get 1.1 BTC on top of my stack that I get via DCA and work.
DCA, have never sold will never sell. Don’t have a ton but I’m working towards 10% of my portfolio as a hedge against what’s coming.
If you bought anytime before this year you would be up. If you fomo into strength and panic sell at a loss, you won’t make money. DCA and time in the market is all it takes. Just be ready for steep losses early on, as that is the cost of admission. It *is* that easy.
You can do it. And a lot of people do it. But its no wise to do it with 100% of your BTC. You can hold a big % , and then you can use models to predict, and manage risks with some other smaller %. But it involves habilites in graphic and market analisys that are not trivial, and again risk management, its hard to do and requiries a lot of time and study... most people thinks it doesnt worth the effort, and chances are they are right. DCA is a good strategy and there are other ways to win passive income with crypto that involves risk but less work. The odds favor DCA much more than "trade" BTC.
Because if it drops to 50k you'll wait for 45k once it gets to 40k you'll wait for 35k, etc.. Everyone waited for 10k and it didn't happen. Personally I DCA and if it drops I add more money if I have extra cash. When it was low 20s I worked 7 days a week all day to stack, so fkn glad I did even though it really sucked.
My plan differs from everyone else, but I start to DCA out after the first big pump and then DCA in after the first large dump.
Just did my weekly DCA of more BTC, ETH and BNB and a Moons shirt to cap it all off. We will soon go way past the ATH!
It depends what making money means. I guess I did extremely (extremely!) well, but I've never sold and I never will. So my networth has gone way up, but I did not make a single cent. Strategy: DCA in bitcoin and never, ever sell.
It sounds like you are sceptical and need to hear the following: 1. No one has ever held for 4 years and been lower on their investment 2. Don’t sell for a loss and you won’t lose 3. DCA and hodl and the game is simple - don’t bother trading IMO unless you want to make it your job
I started with Bitcoin in 2016 and have made roughly $3-4 million from an initial $250k investment. Over the years, I’ve used crypto-backed, low-interest loans to buy more crypto, which I paid back during market peaks. In 2019, I purchased a Range Rover Sport using Bitcoin, but I wouldn’t use it for such a wasteful purchase ever again. My strategy is buy, hold, DCA repeat.
I'm the 2nd group, but there were times I was up $45k but I didn't sell. I should've sold, eventually I stopped DCA'ing, I should've kept doing it for the good coins, instead of focusing on alt coins.
I’m not going to tell you WHAT to do, but I will tell you what 42 year old me would tell 18 year old me. I would say do it and slowly DCA reasonable amounts until 2030 and beyond. Take that for what you will. I would also say don’t jump out at a price drop. …but I’m not a financial advisor.. so don’t listen to me 🤨
I did, ‘made’ lots in 2017/18 but never cashed out. Then lost it all when BTC dumped and lost the rest in shitcoins. Eventually rebuilt my portfolio by DCA’ing into ETH, BTC, LINK, XTZ and a few others between 2019 and 2021, where I made enough to pay for a deposit on my first home. I also bought a new car in January 2021, using profits (as well as my actual income).
Bought since 2016. Lost a lot. But now i have a nice bag again. DCA last 3 Years
DCA over say 3 months as an example $1K a month. (Just a guy on internet not professional financial advice.)
A plan can help protect you from flip-flopping and making emotionally driven bad decisions. However, a plan should not be ridgedly adhered to - after all, you learn as time goes on and so the plan will need re-evaluating and updating. But don't suddenly change what you're doing because of economic news (good or bad) or market movements. You could start slowly DCAing in. Then, you can further update your plan in future months because you have room to maneuver. You can progessively increase the rate of DCA, decrease it or stop it altogether. Lump sum investing is less forgiving - it doesn't let to learn as you go. Also, consider how will you feel if bitcoin suddenly rises in price. You don't want to FOMO in at high prices (like I did in 2021). My plan is to stop DCAing when bitcoin rises above a certain price. After that, I plan to leave my bitcoin untouched for many years and enjoying spending the left-over money each month which I was using to DCA. I haven't been on holiday since Feb 2020, so I'm looking forward to that! I've also got some alt coins which I foolishly bought in 2021 and 2022. Never again! I plan to wait until bitcoin's price surges, hopefully in 2025, when global liquidity it predicted to peak [https://www.youtube.com/watch?v=H7q3kEZ2D-8](https://www.youtube.com/watch?v=H7q3kEZ2D-8) (Global liqudity graph at 27:28) Then, I'll sell them and get whatever I can for them. It may be at a loss, but at least I won't have to worry about altcoins anymore and I can just relax with my bitcoin!
Yep, prolly the best Idea, DCA and hodl. Cant never go wrong.
We will never see sub 20k again and also not sub 50k if I were to guess. Best you can do is accept your loss and DCA. Maybe save to throw in a huge lump sum next bear bottom (could be 50-60k in 2-3 years).
I bought during the last crash towards the bottom. Initial investment was 5k. I was as high as 11k at one point and currently hovering around 6.7k. Main holdings are 2 ETH at DCA of 1700\~
I would use it for sure. It would propel me to find my BTC wallet even more than I DCA now.
Investing in anything isn't a get rich quick scheme, it's long term. BTC has been the best performing asset for the last 10 years and will continue to do so. So DCA now and thank yourself in 5-10 years time.
I made around 2x gains on the 2017 bullrun (sold too late), 56% on 2021 (sold to early), and around 3x so far on this one. Its not as easy to make money as the charts show, you would think everyone made 50x gains back then, reality is different, its really hard to sell the peak, buying is always easier. What i did different on this one? Dynamic DCA, bought most of my BTC under $30K. The rest is just ETH, SOL and AI coins. DCA out, stick to my plan, wich is time and price based, whatever comes first. Stop losses around 2x gains for me, you know, macro is weird right now and the crypto cycle could get invalidated, dont want to be the one holding the bags for the next 3 years.
Yes absolutely because if you have the discipline to save and invest $3k at 18, you’ll be going places in life. If you lose it—you have your whole life to make that $3k back (that many people would usually just waste/spend anyways), and your whole life to DCA and watch that investment grow.
DCA against the ETH to BTC ratio.
I have been buying since 2017, which is a reasonably long time but not as long as some others here. My perspective these days is that BTC very probably won't be used "for money" or as an actual currency. Nor does it need to be to increase in value just as it has done for more than 15 years. It's a very good store of value because it's a scarce asset with a defined hard limit. My advice would be to only buy what you can afford to lose, and don't expect the sort of gains in price that were seen in tbe past, it's just the law of big numbers. We have already seen massive ETF inflows with comparatively little movement in price for example. Perhaps a 4X might be possible - is it worth that for the risk you are taking? How are you going to feel when it drops 40%? (It will because it always does)... Are you going to want to sell - or are you going to be excited to buy the dip and get BTC on sale? Because that's the sort of person you need to be to hold BTC for a long time and have it really change your life. And another big consideration is to never underestimate how powerful dollar cost averaging (DCA) is compared to making a single purchase. How DCA has worked for me is I use BTC as a savings account, and have paid a small amount straight to BTC every week for 8 years now. It's built up for sure. However for perspective, what got me in to BTC in the first place was the hype around the rally to $20k in 2017. If I had just come along and put all my savings into it at that point, I would have a lot less BTC today than I actually do have, so consider DCA as it's very powerful. I lump sum purchase whenever there is a large dip, but other than that it's DCA all the way.
Got in around 2017/2018 but haven’t taken any profits yet. Last bull market I spend time in the hospital and completely zoned out on pain meds so I literally missed my chance. I’m solidly in the green and DCA each week. ⏳🙄 🫣
Just DCA into Bitcoin and hold it for 2-3 full cycles.