I think the question of DCA vs All-in-buy is largely immaterial from a total return standpoint (Imagine btc goes 10x over next 10 years, will the difference really matter?)

However telling someone to DCA is the smart thing to do to preserve your friendship. Many people can't handle the volatility and they smash buy, btc drops 15%, they sell, then it runs up 30% and they buy in again....etc.

Even though its irrational, they will always blame you for that.....best to tell them to DCA in over the next few months, then if they decide to smash buy its on them.

Depends on their level of conviction if they've figured it out and confident they won't crap themselves and dump if it rips down 10, 20, 50% I guess smash buy can work, but conviction isn't built in a day, DCA is the palatable orange pill for most folks, that gets them hooked on the process and benefit of moving over to a bitcoin standard

I fear not the hodler that buys $10k in one go, but the man that has bought bitcoin 10 000 times

Bitcoin deniers myths debunked Series: BDMD #1 | BDMD #2 | BDMD #3 | BDMD #4 | BDMD General