Consider that my outlook is for prices to be flat or negative for the next few months.
We don't yet know when the bottom will occur, we are tracking the bond auctions to identify that point. When it does occur it would be ideal for a larger purchase to be made at that point, which is why I state its ideal to hold dry powder until then. However, some people may miss that point in time, there is also the possibility it may be so violent a move as to be impossible to buy in at that time. A centralized exchange may go down (as they usually do during volatility). Etc. Etc. Etc.
DCA is usually sourced from spare funds in the budget. Its very difficult to outperform a DCA strategy into the assets you believe in. But I intend to provide the timing for when an opportunity to outperform a DCA will appear. But it would be very risky to eschew a DCA entirely, and only wait for dips. Its also far more emotionally stressful to only buy a dip as compared to a DCA.
Do you think DCA is the best way to approach crypto right now with all the recent volatility? Versus jumping on dips?
Consider that my outlook is for prices to be flat or negative for the next few months.
We don't yet know when the bottom will occur, we are tracking the bond auctions to identify that point. When it does occur it would be ideal for a larger purchase to be made at that point, which is why I state its ideal to hold dry powder until then. However, some people may miss that point in time, there is also the possibility it may be so violent a move as to be impossible to buy in at that time. A centralized exchange may go down (as they usually do during volatility). Etc. Etc. Etc.
DCA is usually sourced from spare funds in the budget. Its very difficult to outperform a DCA strategy into the assets you believe in. But I intend to provide the timing for when an opportunity to outperform a DCA will appear. But it would be very risky to eschew a DCA entirely, and only wait for dips. Its also far more emotionally stressful to only buy a dip as compared to a DCA.
Thank you. Makes sense.
Binance hasn’t approved me and it’s been almost a week, idk if it’s related but it’s weird.