@ekzis mentions:
" DCA is a risk management strategy. It's not about max returns. It's about human psychology and spreading out your committment over time instead of taking a leap of faith and potentially getting burned and scared and selling at a huge loss because you've [seen] your life savings getting evaporated and want to cut your losses. "
I completely disagree with this statement. You only get burned by holding Fiat, as it's value decreases by day, and can be confiscated at any point. Fiat is the risk, not Bitcoin. To DCA, you must hold fiat for certain time, and this poses a higher risk due inflation. DCA-ing Bitcoin is the oposite of risk managament. You should also never sell your bitcoin back to fiat.
I still feel we're talking past each other, but that's okay :)
I think I agree with most of your points after this clarification now.
Thank you for taking the time to read. I apologize if it came across as a rant or if I sounded like a toxic maxi (iam), i still love you all.
This!
edit: just realized that you misspelled my name (didn't even notice myself until now, lol). maybe i should use @ek so it's easier for people since this happens a lot, haha
Ops... my bad, grrrr
I wish SN allowed me to edit posts after 10 mins...
@ek is much easier!
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