I stopped trying to time bitcoin and just started DCAing every week. Honestly wish I did this years ago instead of staring at charts like an idiot.
Everyone told me to wait for the dip, wait for the cycle bottom, wait for 50k again. Meanwhile bitcoin went from 60k to 100k while I was waiting.
The people who were DCAing the whole time are up and the people who were "waiting for the perfect entry" are still waiting. I genuinely think most people lose money in crypto not because they buy the wrong thing but because they try to be smarter than the market. Just buying a fixed amount every week and forgetting about it has outperformed every trade I've ever made.
The funniest part is people will call this boring or say DCA is for people who don't know what they're doing. Cool. My boring strategy is outperforming your leveraged long that got liquidated last Tuesday.
Am I wrong here or is DCA genuinely the most underrated strategy in crypto?
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments