But, and this is the big but, it takes a level of market foresight that many people, even seasoned traders, dont always have.
If everyone could correctly predict each dip, the market would be a very different place, wouldnt it? Now, staying away from green candles makes sense in theory, but its not always easy to do.
DCAing is great because you set it and forget it. It helps people cope with the crypto market's dramatic swings. While I like your sharp market assessments, I disagree that DCAing during market upswings necessarily raises risk. Truth is more nuanced and involves numerous aspects. Every investor must decide how much risk they can bear and act accordingly.
Topic: What's your actual dca strategy? - page 3. (Read 337 times)
Instead of just DCAing because you can afford that tinny amount every month well there is a risk you probably don't know about.
Assuming you plan to invest for 12 months by dollar cost averaging, and you keep buying 200$ worth of bitcoin every week or month, do you know that there will be times where the market will go up rather than down? DCAing at such times are increasing your risks.
There is a saying that, stay away from the green candles, do not chase them.
There is DCAing when the market is going Up and DCAing when the market is going down, well I have been investing since last year now and my DCA on Bitcoin only happens when there is a bigger dip and so far it's my best plan yet.
What is your own DCA strategy like? Investing based on value averaging? Dollar cost averaging? I think it's better to have some dollars awaiting your buying signal and buy the better dips.
Monthly investment is the best frequency to some people, they advice to never delay any investment, are you one of those people? Regarding of the price action of that month?
Assuming you plan to invest for 12 months by dollar cost averaging, and you keep buying 200$ worth of bitcoin every week or month, do you know that there will be times where the market will go up rather than down? DCAing at such times are increasing your risks.
There is a saying that, stay away from the green candles, do not chase them.
There is DCAing when the market is going Up and DCAing when the market is going down, well I have been investing since last year now and my DCA on Bitcoin only happens when there is a bigger dip and so far it's my best plan yet.
What is your own DCA strategy like? Investing based on value averaging? Dollar cost averaging? I think it's better to have some dollars awaiting your buying signal and buy the better dips.
Monthly investment is the best frequency to some people, they advice to never delay any investment, are you one of those people? Regarding of the price action of that month?
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