On DCA:
Do you also have the urge to stop your next dca order from beeing executed when the price rises like this? 🤔
Not to stop completely, but to start again when prices drop.
Discussion
“When prices drop”
Do you know something we don’t? Jokes aside, you always run the risk of being wrong regarding the bottom.
Nope i roll with punches.. it is what it is because todays price is not tomorrows price lmao
Sounds poetic 💪🙏💜
Switch to a bitcoin standard.
Do you have the urge to offload your already failed government shitcoin into the real economy that started back in January 2009?
With hindsight, the genesis block was the flip, what we're doing now is exiting to bitcoin while we still can. If you're thinking about getting 'value for money' then make sure your definitions are sound, the 'value' is Bitcoin itself. The fact that someone out there will still part with that value in exchange for the 'tending to zero' worthless thing we still call money is one of the wonders of the current era.
Even if you don't subscribe to this value thinking, consider that the on ramps and off ramps are already being choked off, and that as we move from cash to 'checkpoint banking' to full CBDC, your window for acquiring is narrowing fast. If you're not already building a parallel nkyc stack then get started with the research now.
I'm class of 2017 so the trading cycle doesn't excite me that much now... it looks like it's going to the moon and then, just as everyone starts projecting to infinity, it comes back down. If it goes supercycle then that's the final wiemar collapse of your government shitcoin that's being charted, wheelbarrows of cash for a loaf of bread scenario that I think we'll still all need to face before the bright dawn of citadel living emerges.
That's my 'morning papers' done, and I happened to stop by in your replies to do it today.
🧡 #Bitcoin 🧡
😊⚡🚀
I’ve pretty much given up on DCA, at this point, I just place an order whenever I have the money on hand, I figured with prices as cheap as they are anyways, long-term it won’t matter to me
😅
Also good point of view 🙏💜🫂
Do you do limit orders or just market orders?
Most of the time I try to stick with limit orders, if I’m in a, heck with it just buy mood. I’ll do market 😅
The key is to set limit orders and then start to fomo and then cancel them and smash buy
Quality investment advice!
This is the way 😅
I’ve found holding no cash is a reasonable way to prevent from fomo buying
Unfortunately I made this discovery in the 40s
Better than in the 2040’s
So you convert everything instantly as it comes in?
You didn’t ask me but on average, yes
Important to note that this is “everything” out of what you can afford to save. Mind the hierarchy of needs but prioritize long term saving as much as possible!
Great response - I’ll second that. Make a savings plan and then stick to it, but accept that the money you save is not meant to be spent until we’re closer to a Bitcoin standard.
The Richest Man of Babylon has some good advice on savings habits, but ideally you should be able to do >10%
Some psychos I know save >60% 🤪
Holy cow … thanks for clarifying 🙏💜🫂
I am more towards the 10-15% still 😅
It kinda depends on your income. If you make a lot more than cost of living then 50% or more is easy. If you’re scraping by paycheck to paycheck like I assume most of us peasants are, saveable income will be much lower
The important thing is to constantly grow your stack and not worry about its fiat equivalent. Look at the SATS
Thanks 🙏 i am so interested in every answer from everyone 😅🙏💜
I see… the saveable income so to speak
😅 i am good at this 😬
But you choose your limit in a way that it might be executed soon or to prepare for a bigger drop?
Whole point of DCA is set and forgot. Price agnostic, just keep stacking. Bigger smash buys are saved for dips.
🙏
Hi mate 💜🤙
I think a good strategy is:
Weekly DCA + Buy the dip + Place orders !
But never, really NEVER stop your DCA 🤙 !
Yeah.. i do dca by weekly. But i always hsve the urge to manipulate it 😅
Maybe i should delete the app from my phone and just let it run 😅🙏💜
Worth to notice:
Time in the market beats timing the market!
😉😁🤙
💯 need this printed out all over my stuff 🙏💜🫂
Only rule I go by is stack emotionless like a true psychopath.
You du it manually?
Direct Deposit with Strike bi weekly buys.
Daily purchase % back with FOLD.
Only thing manual is I offload to cold storage weekly.
Never stop DCAing. The point of DCA is twofold for me.
1. To get the best average price
2. To stop stressing about whether or not I've bought at the right time
I used to stress about buying at the right time. High or Low. With my daily $10 DCA, I don't stress anymore. My DCA is taken care of, and I can focus on my work.
🙏💜 great advice. I kept calm and just let it happen 😅 today my bi weekly dca was executed 🫡💪