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A year ago Michael Burry Xweeted “Sell.” To his million + followers. If they liquidated their S&P 500 holdings, they would have foregone 20% gains over the following year.

Bitty Cent 1y ago

Furthermore, if I was Burry I would have Xweeted "DCA." My followers could then enjoy the benefits of DCA'ing into #Bitcoin , what with it's 100% appreciation over the upcoming year.

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Discussion

Bitty Cent 1y ago

Moral of the story - instead of fudging around with timing the stock market, just DCA into #Bitcoin and get on with your life!

realjode 1y ago

I love it when I learn a new old term for something I have been doing. I didn’t know the term dollar cost averaging until just then 🤣🤷‍♂️🧡⚡️⚡️

Bitty Cent 1y ago

You felt it in your bones and figured it out yourself - kudos to you!

Love is the answer 🧡⚡️ 1y ago

Forgive my ignorance but what is DCA?

Bitty Cent 1y ago

Dollar Cost Average - routinely convert an amount of your income into an asset. For example, I convert to #Bitcoin daily with an auto-DCA

Love is the answer 🧡⚡️ 1y ago

Ah, understood, thank you 😊 yes that’s a great strategy, and removes the worry of price fluctuations.