Lump sum vs dca

You'd think dca is minimizing the risk. This means you think fiat is solid and bitcoin is the liability. This is a poor understanding of both fiat and bitcoin.

There are periods in which you might squeeze more bitcoin by doing dca instead of pouring it all-in, but this is the exception to the rule. The rule is that you're better off to go as close as you can afford to all-in.

Being committed will change your life in more ways than you can imagine. Putting on the bitcoin glasses is so much more than material gains (plenty btw), it's changing your way of life entirely. You won't find this in the white paper, but you'll certainly see it in how the longterm hodlers think, speak and act.

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Discussion

DCA is for after going all in.

Yes. For a new person coming in, they can look at the 200 day moving average and the Mayer Multiple. Right now the Mayer multiple is sitting at 1 aka perfect time for someone to go all in during a bull run

It's a time preference thing. I've learned the concept because of bitcoin. I knew of patience but low time preference is so much more.

We live in a world corrupt with consumption to the max. We always need more and more and more, which we know it’s not sustainable at all. Bitcoin teaches us minimalism and after that, an appreciation for older and more durable things

It also teaches us to not think on a quarterly timeframe nor a daily timeframe, we have to rewire our brain to think in terms of years and decades

TIL about the Mayer Multiple