Is it time for DCA again?

bitcoin

#1

Has anyone started dollar cost averaging Bitcoin again? If not, are you planning to?

I did while it was hovering over $6000 and stopped after the support was broken.

I’m planning to start to buy more after the next drop to the $2500 - $3600 range.


#3

I will probably stop this week. I am waiting as well. I hope this is the bottom, my instincts tell me it is not.
I am pooling my funds till we hit the bottom for sure.


#4

Always time to dca bitcoin.


#5

Been buying every $200 drop since $6500, like @Peter said, always a good time to DCA Bizzidy Bit my friends…I never thought I would ever have have the chance to own this many BTC


#6

Do you guys use Coinbase or Coinbase Pro to DCA?
Coinbase has the scheduled buy feature, perfect for DCA but the freaking fee is so high.


#7

Why did I see your name as BigDickYoda? I’m such a dirty person.


#8

No. My card never got through the verification process in spite of multiple attempts. Never got the cents that it requires for verification purposes.


#9

I never stopped. The best time to start is today.


#10

I can’t help halting DCA when there’s drastic downward movement. Realistically, I don’t see Bitcoin bounce back sharply and shoot through the roof in a short period of time, there’s simply no catalyst for that in sight. I am expecting to see Bitcoin find another floor like it did around $6000 and move sideways for a while. Until the floor is confirmed, or I think it’s confirmed, I won’t resume DCA.

From the long term perspective, it doesn’t matter. All time is good time to invest in Bitcoin. Given that I do have a budget, I will seek to maximize the potential return. If I’m wrong, that’s ok. It’s all about learning. That could be a valuable lesson I can teach my son.


#11

Good luck with your strategy brother. I don’t mean that tongue in check…nobody knows what’s going to happen, that’s precisely why I DCA. Floors can only be confirmed in retrospect.


#12

i have been buying around $25-$50(money i would have spent on something stupid like pizza) every paycheck but im fairly new to the game so only time will tell how well this strategy works.


#13

Dca is definitely a good approach. I have been doing this since I entered the market in April. In my newness I I assumed the floor was $6500 and then $6000.
I have also hit my initial goal for BTC. So now everything, just breaks down to more gains in the next Bull run.
I will probably just pool cash every week, as if I were still dca. When the price is right I will buy more. But for now, I am done-ish. I may dca this week before I stop.


#14

This for sure DCA the Beeetchcoin and never stop


#15

Could not help myself, bought more at @$3300.