What point in the bull should we slow the monthly lump sum in if we expect a pull back or is it better to just ape in each month and chill. (The later is my current strategy)
Discussion
The future is hard to predict.
Timing the market is a fools errand. Be like Mike and buy the top forever
My man. Every time 🫡😂
It is plausible that the market cycles could break in an unexpected way, like 4 green years instead of 3, but then 2 year bear and not nearly as deep of a dip. The larger pools of money required to push the price up from here are working on longer timelines, they move at a slower pace than we are used to. That could really catch people out. I'm not going to slow down, too much of a risk that nation states actually get involved and the price just teleports to a new level and never dips back to where I was buying at before it happens. That is not my base-case, but it there is a non-zero chance.
I used to just dump any spare fiat into bitcoin as soon as I had it. So many times I would have been better off just setting a plan and not looking, would have gotten more sats. I was letting fomo guide me.
I've finally come to place where I can let the DCA ride, but have a little on the side for dips. Helps me scratch that itch when the market drops, but still do the more rational long-term strategy of buying the market a bit each week.
Thanks nostr:npub196g3pjp3dl9pk93ufjudsv7lnlx9gqpem545d3adhh497emtfqaq7fggkw this is basically what I do. I just lump sum in when I get paid each month. It’s the conundrum of do I ease back if the price rockets again as it will make daily life a tad easier with a bit more cash to spend on day to day if the market re-corrects. However I shall probably just keep doing what I do as it’s way less stressful. Something very peaceful about value in cold sats rather than in my bank account.
I agree, I sleep way better once the fiat becomes sats, as I know that I don't have to decide what to do about it anymore.
Though, the conundrum of "should I buy as much as I can now" is a good sign: it shows that you are thinking more about the future than the present... passing the marshmallow test is a predictor of good outcomes. Cheers!