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0 sats \ 0 replies \ @tomlaies 22 Mar 2022 \ on: Against Dollar Cost Averaging (DCA) bitcoin
Idk why people migrated DCA from stock market to bitcoin. When buying into a business it makes sense since you want to be the owner of the business and not get distraced by short term media coverage and earnings and general whims of the market. For bitcoin it does not make sense: Bitcoin is always 1/21 million. Bitcoin does not change. Bitcoin is the hardest money ever and thus the most reliable thing to put your money into always. There are no earnings, there are no news that change bitcoin itself. 1 BTC always = 1 BTC. Don't DCA if you don't have to.