Topic: Failed DCA Strategy When Buying Bitcoin - page 5. (Read 631 times)
There will always be a losing trade if you choose a very specific timespan — even with the most bullish asset in existence. But if this dude continues on the DC-averaging in, then chances are, he/she'll be in the positives some time in the future.
As long as the owner of that address will still hold the exact amount that he DCA and will wait for the bull run. It's possible that he can retain his losses and win over some of them. But this will require patience. DCA is still the best strategy but this should be a long term game.
If you're investing millions in it and you've become short as you buy BTC then you should be prepared for the risk that you're takin. It isn't easy to do this strategy consistently even if you've got a lot of money because the paper losses might just discourage you.
If you're investing millions in it and you've become short as you buy BTC then you should be prepared for the risk that you're takin. It isn't easy to do this strategy consistently even if you've got a lot of money because the paper losses might just discourage you.
he only went wrong when he decided to sell or continue DCA with poor planning. or it could be that there is an urgent need for him to sell the Bitcoin he owns even with the losses he already knows.
we will not know exactly what was planned. but what is clear is that he must have considered the loss when he had to sell the Bitcoin he had previously collected.
we will not know exactly what was planned. but what is clear is that he must have considered the loss when he had to sell the Bitcoin he had previously collected.
The mistake is that he did not knew that 2022 will never be a good year for bitcoin and all other cryptocurrencies, but if you go back to history, we know that history will juxtapose into the future which was what happened again in 2022 just like 2018 when the price of all coins crashed.
He continued DCA at the wrong time and sold at the wrong time when he supposed to buy more or wait. Supposing he is able to wait again till 2024/2025 he would have gained massively.
In anything we are investing on, we should learn more about it before investing at all.
He continued DCA at the wrong time and sold at the wrong time when he supposed to buy more or wait. Supposing he is able to wait again till 2024/2025 he would have gained massively.
In anything we are investing on, we should learn more about it before investing at all.
Well not everyone focuses on the DCA approach, some are just stolen hand who are. Accumulating Bitcoin for a longer period, if one thinks of all the DCA value then we, May not have memorable Bitcoin spending such as the Bitcoin pizza day.
Originally spending over ten thousand Bitcoin on a pizza is quite insane for someone who has a long-term DCA approach mindset, but to him, he wants to just make that memory, so it is to those who just stock up Bitcoin for the long term without minding to DCA they are among the Bitcoin OGs.
Originally spending over ten thousand Bitcoin on a pizza is quite insane for someone who has a long-term DCA approach mindset, but to him, he wants to just make that memory, so it is to those who just stock up Bitcoin for the long term without minding to DCA they are among the Bitcoin OGs.
The owner of this address bought a million dollars worth of Bitcoin every day from August 11, 2021 to January 1, 2023.
https://bitinfocharts.com/bitcoin/address/bc1qw0pswznckx7s6tjmd2f5hrx4q6kc5nyrdxku50
Received: 17,536.2628 BTC (517 ins) first: 2021-07-25 last: 2022-12-28
Sent: 17,536.2628 BTC (517 outs) first: 2023-01-01 last: 2023-03-05
Profit from price change: -239,395,601.9 USD
Approximately $460 million was spent buying Bitcoin, resulting in a loss of over $239 million. Perhaps this investor did not know that the DCA strategy is better to use for a longer period, or perhaps he found a more profitable investment.
https://bitinfocharts.com/bitcoin/address/bc1qw0pswznckx7s6tjmd2f5hrx4q6kc5nyrdxku50
Received: 17,536.2628 BTC (517 ins) first: 2021-07-25 last: 2022-12-28
Sent: 17,536.2628 BTC (517 outs) first: 2023-01-01 last: 2023-03-05
Profit from price change: -239,395,601.9 USD
Approximately $460 million was spent buying Bitcoin, resulting in a loss of over $239 million. Perhaps this investor did not know that the DCA strategy is better to use for a longer period, or perhaps he found a more profitable investment.
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