Topic: Does it still make sense to dollar cost average when the market is crazy bull? - page 2. (Read 259 times)
April 15, 2021, 01:19:04 PM
Buy and sit tight if you don't have the time or skills to read charts. Would it really matter if you bought at $62K or $55K when the price reaches $100K+ in a few months time? Probably not but it's still your choice. This is not the first or second time BTC at over $60K so it could be the new base now.
April 15, 2021, 12:29:02 PM
Hi, normally I'm a fan of dollar cost averaging. But I'm thinking of not really dollar cost averaging because the market is obviously a very bull market right now for BTC.
What do you think will be the best strategy to enter the bitcoin market today?
Pick the lowest dip I can find say, this week, and invest all my principle. Or, dollar cost average anyway....if so, over what time horizon? Surely not over the next year. Maybe a week? A month?
I personally believe that the train has almost left the station, which is why I am wondering if it makes no sense to dollar cost average at this time.
What do you think will be the best strategy to enter the bitcoin market today?
Pick the lowest dip I can find say, this week, and invest all my principle. Or, dollar cost average anyway....if so, over what time horizon? Surely not over the next year. Maybe a week? A month?
I personally believe that the train has almost left the station, which is why I am wondering if it makes no sense to dollar cost average at this time.
You can still do the dollar cost averaging while buying bitcoin even in the bull market. In a bull market, you will never see a coin which rises continuously.
There are always times when the bitcoin prices drop by 20 to 30%. You can buy in these dips in the bull market and keep doing the dollar cost averaging which is by far a safest investment method.
April 15, 2021, 12:19:48 PM
Hi, normally I'm a fan of dollar cost averaging. But I'm thinking of not really dollar cost averaging because the market is obviously a very bull market right now for BTC.
What do you think will be the best strategy to enter the bitcoin market today?
Pick the lowest dip I can find say, this week, and invest all my principle. Or, dollar cost average anyway....if so, over what time horizon? Surely not over the next year. Maybe a week? A month?
I personally believe that the train has almost left the station, which is why I am wondering if it makes no sense to dollar cost average at this time.
What do you think will be the best strategy to enter the bitcoin market today?
Pick the lowest dip I can find say, this week, and invest all my principle. Or, dollar cost average anyway....if so, over what time horizon? Surely not over the next year. Maybe a week? A month?
I personally believe that the train has almost left the station, which is why I am wondering if it makes no sense to dollar cost average at this time.
This depends on whether you are in it for the long term or for the short term profits. If you are in it for the long term then keep dollar cost averaging and keep accumulating.
This will increase your portfolio at regular intervals without worrying about the market price.
If you are in it for the short term gains then you should decide on your own whether to take the risk of going all in or wait for a dump to get in at a cheaper price.
April 15, 2021, 12:08:35 PM
I personally believe that the train has almost left the station, which is why I am wondering if it makes no sense to dollar cost average at this time.
April 15, 2021, 12:04:47 PM
This varies from person to person, some people prefer to wait for the big drop to buy and others buy from the lowest point that Bitcoin reaches on average within a week, for example, in my opinion you can buy now from several points and not from one point, you can choose the Maine time every day and buy a quantity Of bitcoin with only a part of your capital, and so on every day for a week or a month, for example, so you can get a good average price during this period because you bought from multiple levels and not from one level and then you are waiting for the rise and so I think that you will come out a winner in the end.
April 15, 2021, 11:53:10 AM
Pick the lowest dip I can find say, this week, and invest all my principle. Or, dollar cost average anyway....if so, over what time horizon? Surely not over the next year. Maybe a week? A month?
If it's just for a week/month, so it's better to avoid DCA and try to get the support and resistance zone for bitcoin as well to take entry on it. But DCA will be the option if anyone's willing to hodl BTC for longer period of time because those are now on profits who started doing DCA back in 2017-18 bull run. So, it's never late for anyone to buy bitcoin or DCA on it for longer period of time, IMO. 
April 15, 2021, 11:49:45 AM
Hi, normally I'm a fan of dollar cost averaging. But I'm thinking of not really dollar cost averaging because the market is obviously a very bull market right now for BTC.
What do you think will be the best strategy to enter the bitcoin market today?
Pick the lowest dip I can find say, this week, and invest all my principle. Or, dollar cost average anyway....if so, over what time horizon? Surely not over the next year. Maybe a week? A month?
I personally believe that the train has almost left the station, which is why I am wondering if it makes no sense to dollar cost average at this time.
What do you think will be the best strategy to enter the bitcoin market today?
Pick the lowest dip I can find say, this week, and invest all my principle. Or, dollar cost average anyway....if so, over what time horizon? Surely not over the next year. Maybe a week? A month?
I personally believe that the train has almost left the station, which is why I am wondering if it makes no sense to dollar cost average at this time.
If you are not a new investor and already has some bitcoin at your wallet, it's not really the best time for dollar cost averaging. It is purely time for swing trading. Buy at every dip and sell at every high. That way you can make a good amount of money out of this. If you want to do dollar cost averaging, you will end up increasing the average cost of your holding and nothing else. So don't do DCA now, rather trade to make money!
April 15, 2021, 11:36:52 AM
Patience is the key, the markets will always produce opportunities to practice
dollar cost averaging.
In this cycle we are in where the price is moving upwards we can still DCA because
we are looking to the future. Not everyone is in a position to study movements and
charts so the DCA strategy works really well.
At $62,000 today I will buy confident that the price will be at least $70,000 and with
the amount I purchase with a fluctuation of a few percentage points isnt a
deal breaker.
dollar cost averaging.
In this cycle we are in where the price is moving upwards we can still DCA because
we are looking to the future. Not everyone is in a position to study movements and
charts so the DCA strategy works really well.
At $62,000 today I will buy confident that the price will be at least $70,000 and with
the amount I purchase with a fluctuation of a few percentage points isnt a
deal breaker.
April 15, 2021, 11:25:53 AM
I'd say dollar cost average with a smaller amount if you are convinced it is a bull market.
During a bear market, increase the amount.
During a bear market, increase the amount.
April 15, 2021, 11:06:38 AM
do not rush, the market will give you the right space. You cannot enter the market if you are only interested in the increase in bitcoin which continues to reach its peak. There are times when you have the opportunity to take advantage of dollar cost averaging on bitcoin correction limits. time is still long and you can collect Satoshi. although currently entering the Bullish market will only be stressful, so try to prepare a few bucks to enter with an average ratio of 50: 50 when bitcoin prices stabilize.
April 15, 2021, 10:56:27 AM
Hi, normally I'm a fan of dollar cost averaging. But I'm thinking of not really dollar cost averaging because the market is obviously a very bull market right now for BTC.
What do you think will be the best strategy to enter the bitcoin market today?
Pick the lowest dip I can find say, this week, and invest all my principle. Or, dollar cost average anyway....if so, over what time horizon? Surely not over the next year. Maybe a week? A month?
I personally believe that the train has almost left the station, which is why I am wondering if it makes no sense to dollar cost average at this time.
What do you think will be the best strategy to enter the bitcoin market today?
Pick the lowest dip I can find say, this week, and invest all my principle. Or, dollar cost average anyway....if so, over what time horizon? Surely not over the next year. Maybe a week? A month?
I personally believe that the train has almost left the station, which is why I am wondering if it makes no sense to dollar cost average at this time.
Source
Quote
Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase.
So the answer to your question is it doesn't make sense at all. The volatility of Bitcoin would not be reduced like a big decrement for its volatility, eve in the dip. Therefore you may disregard the Dollar Cost Average method and stick to the "wait for the dip" because that more realistic and a sure way to earn profits in no time. Instead of taking its volatility as a disadvantage on buying, take it as a advantage because that is how it should be if you know when to enter and exit the market to secure your profit.
April 15, 2021, 10:44:07 AM
Hi, normally I'm a fan of dollar cost averaging. But I'm thinking of not really dollar cost averaging because the market is obviously a very bull market right now for BTC.
What do you think will be the best strategy to enter the bitcoin market today?
Pick the lowest dip I can find say, this week, and invest all my principle. Or, dollar cost average anyway....if so, over what time horizon? Surely not over the next year. Maybe a week? A month?
I personally believe that the train has almost left the station, which is why I am wondering if it makes no sense to dollar cost average at this time.
What do you think will be the best strategy to enter the bitcoin market today?
Pick the lowest dip I can find say, this week, and invest all my principle. Or, dollar cost average anyway....if so, over what time horizon? Surely not over the next year. Maybe a week? A month?
I personally believe that the train has almost left the station, which is why I am wondering if it makes no sense to dollar cost average at this time.
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