DCA is for after going all in.
Discussion
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