Reddit Posts
I have decided to match my child's allowance 100% in the form of DCA into her own personal wallet.
To everyone who told me to dump all my money in and not DCA before ETF Approval!!
“For $1 a day you can save a child’s life”. Well….I can also DCA into bitcoin for an early retirement.
What does 'Have a Plan' look like?
What is your current DCA frequency? Am I doing it right?
Low-Custodial hybrid hot / cold DCA method guide for HWWs
Should I be DCA’ing every week or wait until it stops dropping to buy more?
Im using a DCA bot, any recommendations for the settings?
Time the market and you'll get left behind. DCA is the way..
ETF Came and went. Bitcoin price crashed. BTC is dead
Does anyone else find it odd the whales are the ones making up the selling?
Questions regarding best method to buy BTC for my younger brother
What portion of your 401k did you or would you allocate for purchasing ETFs?
People exiting completely from crypto right now and dumping their entire bags before the halving, what's the rationale?
For people who DCA and hodl, how many sats do you allow to accumulate in a CEX before you transfer them to your non-custodial/hardware wallet?
Keep stacking guys, don’t panic, don’t get emotional, trust the process, be disciplined and DCA.
What Ultimately Drives Big Bull Runs?
Low-fee options for small dollar DCA?
I'm a little confused. If these are 'SPOT' ETFs, how come the price isn't @ 45k?
Big Surprise the ETF didn’t impact price much day one…
Taxes! Suggested methods for tracking profit? Do I need to report income from 3202 sat test sale?
One thing to keep in mind while everything is going on. In reality, nobody knows shit about fuck. DCA is your friend.
Good thing to keep in mind while everything is going on. In reality, nobody knows shit about fuck. DCA is your friend.
Should I move some of my positions in my Roth IRA to the new spot-BTC ETF?
Am I the only one who doesn‘t think the ETFs will necessarily be a good thing for BTC or Crypto in general?
Called the ETF news top, got downvoted into oblivion.
Remember that you were completely ignorant once, so expect repetitive questions from the influx of newcomers
Isn’t this whole SEC fiasco kind of proving how Bitcoin can not be a security?
Two Critical Questions (Post SEC-account-hack): Who? & What's Next?
Making this post to say, I’m so happy I continued to DCA daily.
BITCOIN is an IQ Test that 95% + of the world has failed
I bought BTC at 65k in late 2021.Im so proud to stick with my DCA for past 2 years. To all of you who have been DCA for past 2 years, you're true winners🥳
How can I transfer my Sats/Bitcoin from PayPal to another hot wallet - and will my rate change?
Mentions
Always cheaper to just DCA bitcoin. Some do mine it just to contribute, even at a loss
But unless you have a cheat code (running mining hardware at the manufacturer before selling it as cutting edge to the market, undisclosed ASIC boost for examples) or you have some way to capitalise on the heat generated, you could still use that fiat to directly buy crypto and end up with more. OP stacked 75% less Satoshi here, it's not like he would lose any of his 1 BTC to decay faster than newly minded coins. Have you don't the numbers on how much you'd have if you bought a lump sum instead of your miner and DCA buying it directly? Likely some multiple more.
Sorry bro! Compass is a scam, I'm convinced they steal hash. DCA your way back.
Lmao you regards don’t even know what retail is. Everyone in this sub is a retail investor. Poor fucks here to invest 😂😂 “DCA” Bitcoin lmao you’ll have a full share one day worth $60k
The best option IMO is to seek out who in your immediate network already holds Bitcoin- you may be pleasantly surprised, (as i was) by how many and how much sats are held by those you know and those they know. lets say you want to DCA - all you need is one holder who wants to sell down who agrees to sell regularly and there you are sorted. Most people will find several people often more already hold Bitcoin, and some are likely to want to sell. P2P trading is after all about networks and trade between those within a network- so explore the potential available via people you know first before resorting to centralised exchanges. There is also the option of Bitcoin meetups.
Not an idiot is a good way to stack. I have a T19 84th bumped to 90TH @ 3300Watts. I use Braiins pool and make around $3.70 a day. I'm going to miss those $7.00 days for sure. My electric is generally $7.98 a day but I feel its ok I get a low income discount. People say why not just DCA but I get introuble with my addictive personality and buy more then I should. Crazy as it sounds, mining helps me regulate that thrill of buying BTC.
You have the wrong machines my guy. You need to have ASICS. I run a site and over the last 3 years I’ve generated about 40% more than I would have if I’d been DCA’ing. I launched at the outset with a deployment of about $150k As an aside, why do you have so many gpus? I’m looking for a large amount of 4090s myself.
Throw $10-$20 each (or whatever you can tolerate flushing down the toilet) on random shitcoins under $1. These will be your hopium millionaire makers. The wake up one day and have a few hundred thousand instead of a few hundred, coins. The reason people are in crytpo to begin with, coins. The bread and butter. Then DCA (daily/weekly/monthly purchases of equal amounts) some bitcoin.
Yes hold and DCA is always best for 90% of people. I was addressing the people who might consider going "all in" expecting BTC to moon because of this. DCA will get you a better entry.
DCA'ing is a valid reason to want the price to go down....
Look into dollar cost averaging. Don't expect to get rich quick but if you consistently dollar cost average (DCA) over a long time period (5-10 years) your bag will grow substantially. The best time was 10 years ago, or maybe 5 years ago, or 2 years ago... Maybe even a year ago. My point is that on all those time frames bitcoin is up by a lot. One of the biggest mistakes potential investors make in crypto is waiting for the right time. If you truly believe in the long term viability and profitability of a crypto project and you're dollar cost averaging, it literally doesn't matter when you invest. That's kinda the point of dollar cost averaging is that once you have a decent position, anything that happens is going to benefit you. Prices go up -> your bag increases in value, prices go down -> you have an opportunity to lower your average cost basis by snagging cheap crypto. A good starting point for DCA would be taking 10-20% of your savings (or however big of a % of your savings you're willing to potentially lose) and dividing that by 52. That's how much you should buy every week. Adjust according to the level of risk you're willing to take. Other than that, just pay attention to the macro, long term trends to the point where you can reliably tell whether it's a bull or bear market, and DCA heavier during bear markets and take some profits during the bull markets. Do this for 10+ years and you will be rich. Good luck!
How is River able to allow”feeless” DCA purchases?
It’s all perspective. I worked with disabled WW2 vets when I was in my 50s. They called me “kid” which was surprisingly comforting. As others have said here, once your knowledge and awareness grows in this space, so too will your level of investment. Starting with an acceptable lump sum, and setting up a tolerable DCA schedule would be a simple starting point.
You must've been born too late, I'm a boomer and bought at DCA $0.056...
I DCA using River. No fees for auto withdrawal to a wallet.
Learn the 4-year cycle. Bitcoin has 3 Green years and 1 Red year. This pattern repeats over and over. DCA in the Green years and ape in during the Red years. So: 1. 2022 Red 2. 2023 Green 3. 2024 Green 4. 2025 Green 5. 2026 Red 6. 2027 Green 7. 2028 Green 8. 2029 Green 9. 2030 Red In Red years drop everything else and buy Bitcoin. Sell your car. Sell your wife. Sell your house, etc and buy Bitcoin. You will know a Red year without even looking at the charts when mainstream media calls "Bitcoin is dead". The media "Bitcoin is dead" indicator will always be the best time to buy.
ETFs will have options available later this year. I would try to DCA into IBIT over the summer and wherever you think the top is, just sell covered calls. If your shares are sold, turn around and do a cash secured put where you think the bottom is. You can layer like this: First covered call at 80k Second covered call at 100k And so on... But i would always keep 100 shares forever. With 50k, you can buy about 500 shares of IBIT. I know this runs counter the ethos of self-custody but you can easily generate yeild because of bitcoin's volatility. Im describing the wheel strategy and i think this is going to great if BTC plateaus or slowly grinds upwards in the coming years.
Sorry, perhaps I didn't explain myself clear For example, BTC from 65k drops to 62k, which is more or less a >2% decrease, this is when I DCA (buy) Instead of waiting fixed timeframes, like every week on Sunday at 7:00, I instead buy when BTC dips, if it doesn't dip then I still buy the Sunday at 7:00
My retirement fund DCA strategy is to buy every time it dumps 1-5%. So far so good
This might answer some of them. We all have been where you're, read my guide and make sure to learn along you go. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick and read this short guide, please: **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting. Now, don't buy a fake Bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill or LN Pizza Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, less new user friendly but there are great tutorials to help with setting it up. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and up your security up. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners and look for the answers.
How long have you taken this approach and have you been able to know when we’re actually in said winter? I’d rather be a bit active and make my money go further but I also understand I can’t predict market trends at all so was leaning on the side of DCA every week for the whole year and hold back a small amount each week for spot purchases at optimum times
If you are looking to take a chance then do one sell per week based on the amount of bitcoin rather than dollars. DCA works the opposite when you are selling. You will sell more when the price is low so don't base it on dollars, base it on bitcoin.
DCA every paycheck. My bank automatically sends chosen $ amount to Bitaroo (Bitcoin only exchange in Australia) which automatically purchase it and automatically withdraws to hardware wallet. I do nothing!
i've decided to DCA into ETH till btc/eth reaches 0.04.
I think it’s highly correlated and think stocks are over priced. So while I DCA I am almost keeping dry powder. Pushed a bunch when it dipped during the attack but think it could still slide if equities fall. If not then just ride it up and do something else with cash.
Fellow man of culture I see. I too prefer to DCA the tops and sell the bottoms (or as you say, swap to something else) for maximum ROI. NFA.
Literally anyone can do it and the only thing you need to do is sit on your hands Whatever the price is its going to be relatively low to a new relative high eventually. If you just keep selling higher than you bought you're always winning. It isn't hard. Its not about timing. You can DCA this. Personally I sell for 5% profit. It doesn't matters to me what the price is, I buy. Whenever the price is 5% higher than I bought it for, I sell. Sometimes it takes a day, sometimes it takes months. I haven't lost anything.
I would say start with x% that prevents hating yourself if BTC moons tomorrow, but that you could also tolerate to loose. Then start DCA from there.
Mmmh it only when you "reserve" liquidity. Ex : you receive 100 000 sats, a channel of 115 000 sats is opened and you know you will soon send multiple transaction of 100 000 sats (like when you DCA). So instead of paying service fees and other fees each time, you reserve a certain amount of liquidity like 1 000 000, and you only pay on time. So in this case it show you the 1year information. But there is no information about channel that are automatically opened when you receive the first transaction
Is there a way to auto DCA from my bank? Or would i need to login and purchase each time? Fyi Aussie here if relevant.
Is there a way to auto DCA from my bank? Or would i need to login and purchase each time? Fyi Aussie here if relevant.
I have been involved in cryptocurrency for a few years. I've learned several strategies, including fundamental, technical, and mathematical approaches. From my experience, the simplest method with the lowest risk but good returns is DCA (Dollar-Cost Averaging) in Bitcoin. Suppose you have a sum of money. You invest a small portion of your capital daily, regardless of whether the price is going up or down. Continue this throughout the year, and you will likely see some profit. Data show that there's an average profit of 50% every year.
Payroll is done in fiat for everyone else, so to change that for one person would be impractical. There’s tax implications for both parties too, depending on where in the world you are. And of course, if you DCA yourself, you have full control over how much you exchange from fiat to sats and can increase/decrease depending on your status at that time ie bonuses etc. Remember, we’re still early with btc but as it becomes more popular then things might change… but that’s 10+ years away imo
Latest interview with Saylor. DCA and chill, self custody. https://youtu.be/X9muM9MVsNs
If I’m not mistaken, are you suggesting you get paid in fiat? And then DCA with that. Thanks for the comment. 🫡😀
It will fall again. It will rise again. Any black swan event will take BTC down under 30K. Who can for certain guarantee it won’t? DCA is the way to go.
Do 50% lump 50% DCA weekly
Ive been DCA-ing for over 6years and made 7 figures so far. I don’t want it to go down lol wtf
I think personally we start uptrend by June. Time feels like it’s running out to DCA
Bitcoin in 2017: I just put my first $500 in from my spare drug change and I expect to have a lambo by next summer. If you're not calling at LEAST 100x this run youre a bear and need to get out of my forum. See you on the moon. \*meme pic of train and rocket\* Bitcoin in 2024: I'm a wall street guy hurr durr. I just took a second mortgage on my house and went all in for $1M and I hope to see some modest gains this year. I think if you keep the faith and DCA every day youll be able to retire in 10-20 years in a small house while the world burns down. You should be grateful you are beating the inflation and beating the index funds and saving the planet. See you at work.
You are asking to receive on lightning, and then swap to on chain? Why is that your plan? Why don't you just wait until you have a large enough balance and withdraw that onchain from kraken? Using a slew of third parties is trusting multiple different entities, and you are probably paying more for it in fees from the swap and txns fees. Mutiny is a great LN wallet, but it won't swap onchian for you without closing a channel. You could just run your own LN node and open a channel with kraken. You could have everything in your control, but to go onchain is going to close that channel. I don't understand why LN if your goal is to get it onchain. I use Cashapp and they have free onchain withdraws for my DCA. I wait till it hits 1M sats and then send to my wallet.
>Part of investing is choosing a good entry point. I disagree if we're speaking in terms of "entry point" being the very first purchase. "The best time to buy bitcoin was in 2011. The next best time is today" If people want to try to time dips after they make their first entry, so be it. I'd advise DCA over that since timing markets is usually a losing game, but I think getting that first exposure under their belt is paramount. Don't sit on the sidelines waiting for a dip for your first entry point.
DCA every day and you always get more sats on the dips and less sats on the highs
Nothing stopped him, he DCA. Next time read the post...
Don’t try to time the market, DCA. And when you do see great deals, deploy larger portions of your portfolio to capture those opportunity. Try to figure out what you would value as a great deal ahead of time, take emotion out of the decision. I happened to get ridiculously lucky, just as I was really taking a look at macro economics, studying Bitcoin, and trying to figure out how to deploy cash I was sitting on, right as I was about to start DCAing into BTC… the pandemic hit. I bought the majority of my portfolio around 6.9k. I still didn’t realize the magnitude of this, wish I had bought so much more… Best of luck.
At this point I’m ready for da boom-boom Aka number go up. Either way I’ll keep the DCA alive and kicking.
What about a lump sum that you can put it in right away instead of DCA?
I can only second the DCA as the baseline. DCA works very well on highly volatile assets with high long term gains. Seriously, try it with something swinging +/-50% around a growth function. I on top of that "dynamically" leverage based roughly on "rainbow chart" bands. I want 0-20% leverage. This gives me more buying power during dips, but means I pay off debt during growth instead if DCA'ing. Simulating that strategy shows _slight_ improvements over DCA. But given the simplicity of DCA and the marginal gains I would rather recommend DCA, or DCA with some static leverage. Just load the last few years into a jupyter notebook and try to beat a DCA strategy. It's really hard. Like incredibly hard. I understood DCA but this really made me value it more.
You cannot time the market, no one can time the market. If anyone tells you they can, they are lying. So just DCA if you want more bitcoin in your portfolio.
Time in the market beats timing the market. DCA consistently and don’t worry!
So what I do is DCA everyday but if there’s a huge dip I bought a little bit more on top of DCA. That way it feels like I’m buying the dip
Programmed DCA every 15 minutes indefinitely until I shut it off.
Either DCA as suggested or wait for Btc to drop at least 70% from its ATH and buy then. Only buy what you are willing to lose and be patient. Then sell after a 4-5x and repeat
Thank you for the reply. I know the effectiveness of the DCA but still would like to know if there were some people who could wait / actually bought lump sum at the crypto winter
Thank you for the reply. I know DCA is the best strategy to grow our BTC and that is what I have done last year and accumulated so far. Still would like to know if there were people who could time the market somehow.
You can study the market that’s foolish to say invest blindly, there are trends bitcoin seems to follow DCA Green Days buy red days that’s how it’s done
Thanks. I also did DCA actively 2023 and kinda stopped at this moment. Will buy again when funds available but would like to find a person who were able to buy at the dip either luck/intuition/RSI which ever methods they use and how they did it.
Stop trying to time the market. Just DCA, most importantly, Study Bitcoin.
ICP is a hold crypto. Buy the dip and hold until the bull market happens all then DCA
I also bought in the mid-$60s. Don't check it too often. I assume you don't need the money right now, so just relax and DCA if you can. Within one, four-year cycle, you're all but guaranteed to have made money. It's the best performing asset of all time.
Everything? If you never came across DCA then probably not Everything 😅
Not really, I'm in the same boat I'd say 80% of my BTC was bought in the 20's and 30's and I stopped buying once it hit 60's well actually I still DCA weekly but only $20-$30. I don't plan on selling this round but I'll ape shit again in 2yrs when it's in the 30's and 40's
Set aside an amount that fits your budget to DCA weekly (I do $40). Over time you’ll catch highs and lows that will hopefully bring down your cost avg. I honestly don’t even look/think about my buy price anymore. Just accumulating coin. I may pause if BTC goes above current ATH, wait for it to moon, then start again to catch to slide down.
Depends, if you are young, have technical skills, and don’t mind loosing it all, then join Twitter and discord, figure out how to participate in airdrops farming etc. If you are older and more conservative, then DCA (Dollar cost average) to Bitcoin is a good way to start. One thing I would advice is stay away from leverage until you know what you doing and always have a stop loss in place if you do. Babypips.com is a good place to start on the basics.
The first thing you need to learn is not to trade. We do not trade. We do NOT TRADE. All we do here is DCA and HODL. If you understand this, you ready for btc.
I DCA $1000 a day and trigger my buys at the average low of the day. I started at the top on this round and am still buying. Some days I spend more I basically put all my business profits in and plan to use the Bitcoin standard during slower times and to reinvest in my businesses. I have no debt and want as many coins as possible for retirement and my kid.
I have a question. What is it sold at? Is everyone spending $60k-$70k a day to buy a coin. Talk about DCA
time in the market beats timing the market just DCA
Every indicator bullish. Stockmarket ATHs, rate cuts coming, halving happened, RSI heavily oversold, ETFs launching all over the globe. Whales accumulating, institutions accumulating. Yet we are dumping😅💁♂️. Doesn’t make a whole lot of sense . Just HODL and DCA
With altcoins I tend to be very aggressive about DCA'ing out because they don't seem to hold their value well long-term. But then again, I don't know jack about shit and neither does anyone else in this sub so take whatever I say with a grain of salt. The only ones I DCA long term are Bitcoin and ETH, because if those two fail then the entire crypto market goes bust.
Makes sense thank you! A small bit of meme coin gambling has sort of Introduced me to crypto really, only holding like 100$ of a few memes and swapping when they’re high and stuff, made a few hundred and lost a few hundred here and there overall over 3 months I think I’m up about 100 dollars overall but it was a fun experience sort of. I wanna start investing sensibly into some more serious stable alt coins now so DCA’ing a small amount of my monthly paycheque seems to be the way to go
Dollar cost averaging. Basically just means investing a fixed amount on a consistent basis. You avoid worrying about short term volatility and focus on long-term gains that way. Of course, in order for it to work you have to believe that the asset goes up in the long-term, but with the amount of capital that's in it currently, I think it is here to stay. You can also DCA out part of your portfolio to take out short-term profits as you ride the cycle. I do that for certain assets just for fun.
I bought my first full coin in 2017 at $3000 and DCA everyday since. I bought 2 more full coins in 2022. I hodl to 3 bear markets. In bear market we build. Whatever you build it’s up to you. I built a deck, I built a business that I sold to get more bitcoin, I took an education. In bear markets it gets quiet. All pump and dump people disappear. Podcast stops podding. Use the time to relax
I’m new to crypto only starting investing in the last few months properly and watching the space a lot more, what is DCA’ing? See this term used a lot
Same. I've started just DCA'ing because I just have faith that the asset class will become more and more relevant in the future. I just have fun now putting in a bit extra whenever I think there's a temporary dip.
Relax, this is low volatility per crypto standards. If you are trading, you should have a system. If you are a long term holder, you should be DCA-ing, which mean you should always have dry powder to buy in. If you have no idea what you are doing, then crypto is not for you.
You just went through a 2-4 year cycle. Plenty of time to make money during that. Like I always say, buy/DCA when everyone is complaining, and start selling (or at least setting a limit and acting on it) when others are rejoicing, shilling random coins, etc.
>>> Trading Strategies: Trading on the other hand is something COMPLETELY different from just investing in Bitcoin. You should know about buying cheap and selling high to make a profit. Well you can also make money from the price falling. Heres how. In some exchanges you can take out leverage, effectively borrowing money from an exchange to sell something you don’t currently own, hoping that the price will drop, and buy it back later at a lower rate, divvy up with the exchange and share the profits. This is why the economy is engineered (cough) to crash sometimes. Rich people are making money while the stocks crash. How does this apply to us? Well, when you see a sudden dip, whats happening sometimes is that big institutionals & rich folks called “whales” are “leveraging” selling off, hoping to cause BTC price to drop rapidly so that they can buy it back at a cheaper rate and divvy up. What most people have in place is a “stop loss” programmed into their trades. This is a price at which it will sell automatically to avoid incurring even more losses due to the price falling. So this sudden dip and consolidating back to original price like a |/ shape overnight is them hovering up of all those stop losses. Sharks eating fish. Personally I never use stop losses for this reason. Indicators are patterns that traders place over the top of the chart hoping to use them to signify entry and exit points. You can add them by clicking “indicator” on trading view. Indicators are nothing more than GUESSES … as the price is forming in real time, no one actually knows!. Traders use indicators to guess whats going to happen next BECAUSE other traders are looking at the same types of indicators and thinking the same type of things lol. In a Long position: You don’t have any BTC at the moment, so you buy low hoping the price will increase over time, and thus your potential profits increase and you continue to hodl for years to come. This is what most people are doing via DCA. You can then sell at a higher price if you wish and withdraw some profits to the bank and spend it in real life. OR just keep it going and use bitcoin instead to buy things. OR short sell. In a Short position: You sell some of the BTC you currently own at a high price, and wait, wanting the price to drop below your "sell orders" price in order to buy it back later at a cheaper rate. Thus making profit. So you sell at 53k, wait for the price to drop and buy back again at 52k. Thus making a bit of profit in the price action (after fees) Heres a useful calculator[ https://www.cryptoprofitcalculator.com/](https://www.cryptoprofitcalculator.com/) Useful websites [https://www.cryptometer.io/data/coinbase\_pro/btc/gbp](https://www.cryptometer.io/data/coinbase_pro/btc/gbp) [https://terminal.onrampbitcoin.com/terminal/dashboard](https://terminal.onrampbitcoin.com/terminal/dashboard) “Tabtrader” app, is a useful tool so that you can set up “price alerts”. [ https://tabtrader.com/](https://tabtrader.com/) Ok I hope that is of some use to you, this is just some thoughts to consider to get you started. I also recommend asking questions in the “daily” section of this group as we are good folks here and willing to help. Try not to be overly concerned or freaked out with wild price movements within a week, Bitcoin is not a traditional stock, zoom out look at the larger time frames. Enjoy the ride & Hodl on, This is the way
Wait and see is horrendously bad. Just DCA into bitcoin, eth should not be part of your portfolio.
The amount of effort dodging scams, watching candles and possibilities of getting burnt. Just work and extra day or two a month and DCA your top 5.
I started doing the reverse In the bear i told people to DCA safely ,no one listened Now that bull is near everyone calls me to ask questions about coin x and y and z. I tell them they missed the train already.
When it comes to Bitcoin, HODLing is the best strategy. DCA into it. I would urge you to read up on historical analysis, avoid FOMO, and do not be scared of the dips during the bear market to the point that you sell at a loss. Volatility is inherent to crypto anyway. REad, read, and read up as much as you can. Also, do look at established altcoins as well to build a diverse portfolio for maximum gains and minimum risk. I upload new informative posts on crypto regularly on my platform, you can review them here: [https://r100k.com/blog](https://r100k.com/blog)
We are so good. We are early! We are early! Guys we are so good! Whole coiner now! They didn't take my advice! We are early! Guys we are early! Can you believe they don't buy? Started to DCA at 4 cents per week Guys! There's the next 10 posts for this sub in an infinite cycle.
So, if you “DCA” over years to the point that you do have a “whole coin”, do you actually have a whole coin, or however many sats it is that make up a coin. That makes a difference, right? If I plunk $200 into a savings account every paycheck, at the end of the year, I have $5200 that I can spend all at once. When do these people who DCA realize the actual cost in trying to transact with their sats all over the place on the block chain?
A wholecoiner can share his joy with us. Everybody who crossed this milestone since 3/4 years knows how hard it is to DCA and get his 1st BTC.
id either buy it right now, or wait for next bear market and dollar cost average into it. DCA in bull markets ends up with less coin
I only have BTC, ETH, and LINK. I’ve been DCAing since 2021. I hit my ETH and LINK goals. I will continue to DCA into BTC. What are some recommendations on some other alts. Right now, I’m looking at ADA, XTZ, XRP, XMR, & STX.
Hell nah, … dumb debt needs to be gone first, then 3-6 months emergency savings, then Bitcoin DCA 🤙
You are never too rich to DCA.
Just compare b/w wherever u can purchase it from. I think weekly is best. Listen to Bitcoin unleashed podcast. He has a really good way to DCA. Takes all emotion out. He does weekly buys and smash buys on percentage drops. And also does a 3rd smash buy when a daily candle engulfs a red bar. But he dissects it a bit further.
For OP adoption = use for payments, if that’s your criteria then sure My criteria is market cap as it’s a clear indication of people recognizing the value of the solution / technology. Also why am I going to sell this amazing savings thing right now? I’d lose out on future gains, increase my taxes and give myself more homework come tax time. Nope I’ll wait a bit more and not feel like pizza guy, albeit on a smaller scale. When I am forced to sell, I’ll DCA out using lightning and each of those purchases may hurt or be a nothing burger depending on how many satoshis we’re talking about.
But how do we sell our coins for 100x without new buyers? We'll all swap our $200 DCA buys to $2000 DCA sells and we need more people. No individuals in the wider community can buy $2000 a month. We need to replace our community with 10x as many buyers all prepared to save their monthly $200. It absolutely does depend on more money coming in. Which comes from more people being interested. Or is the plan to get a Bezos to buy it all off us? I mean, I'm ok with that (who does he sell it to?) Adoption is important.
I wanna do p2p so not sure how the DCA strategy will work cause of the fees. I guess once a month but then how much am I losing on fees?