Never try to time the market. Be humble stack sats, set it and forget it.
Discussion
So i do a huge portion of my investment via dca every teo weeks. But i have also set aside some fiat to buy dips if they occur.
Shouldn’t i do that? Rather dca only with full amount?
I do both. DCA and set some amount for larger dips. Let's say I have 100$ to invest, I do 80$ DCA and 20$ for larger dips. I don't want to time the market but if there is a big dip, I want to have some fire power to buy more during this opportunity.
Oh that's not really what I meant.
To make it quick, never sell what you bought, even if you feel you could win at that game and stack even more bitcoin by timing the market right. Chances are you'll end up rekt.
As for your DCA, idk if there really is a better way. From everything I've seen, DCAing in a daily, weekly or even biweekly bases gives results that are very similar. As long as you do it by regularly that's all that matters.
And I have a dip stash too 😉
Thanks for clarifying 🙏
I never sold one satoshi except for network fees 😅
What i did sell was a few altcoins that just flipped back into positive for me. Sold abd will buy btc with it.
For me it's the mindset. I can deal better with 'set it and forget it' then feeling like I have to check the price every minute to not 'miss the dip'.
Yeah that’s a struggle i have sometimes =/
Using limit orders helps a bit but then there is still the thinking: what if it does nit drop that low? 🤔