Replying to Avatar Marty Bent

Spoke with someone who started a daily DCA into bitcoin recently.

"I was sitting there waiting for the right time to get in. Looking for a dip or an influx of cash to make a sizable buy and eventually I looked up and six moths went by. So I decided to just start buying a little every day."

This is the right mentality. Get off zero.

Too many people wait for an "opportune time" to get into bitcoin and miss out on massive runs. Bitcoin is a game of "time in the market" not "timing the market". If you miss the best 10-15 days of bitcoin performance in a year you'll miss out on most of the purchasing power increases.

Do you think there was an "opportune time" to adopt the internet when it came out?

Was there a "best" time to adopt gun powder when it hit the market?

Did you have an advantage if you waited a few cycles to take advantage of electricity?

No. In every case, the most opportune time to adopt these technologies was "as soon as humanly possible".

Bitcoin is no different. The best time to adopt better money is as soon as possible.
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Jake Woodhouse 7mo ago

Timing is very hard. There are some friends of mine with sophisticated technical expertise, who can do the right analysis to figure out better times to buy or sell vs others

But on the whole, I totally agree, it's all about "get-off-zero", indeed, the worst allocation to have is no exposure to Bitcoin at all

DCA is very suitable for many people

What I especially like, is people who've been wage earners, and done this consistently for 5 years, and are now making big decisions to quit their jobs, or take a sabbatical

Ie there is now plenty of real world proof that a steady DCA is an incredible tool for future financial freedom

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