DCA is the way to go. I started daily buys at the top and just kept it going for two years and now I’m in the green. I increased the amount a few times especially the dip. Just switched to larger weekly buys because things were starting to get hard to keep track of.
🎈December 2023 #bitcoin #DCA #PORTFOLIO for sharing
Last 30 days brought a great gain while the average purchase price is still quite low. I am happy to share this statistics each month to realize how greatly the DCA works!
Current balance: € 900 (0.0231 #BTC)
Invested: € 611 (for an average price of $ 27 681)
#profit: € 289 (47.37%)
Monthly #investment: € 60
Daily investment: € 1.96
btc-dca.com
https://nostrcheck.me/media/public/nostrcheck.me_4610227438318675451702614334.webp
Discussion
Yeah, you do it well. I also adjusting my personal portfolios according to actual price.
Just for this one, I keep it running with no changes.
How do you automate your DCA?
For a long time I used Swan to automate buys and withdraws but recently switched to River instead
Nice, I will check it. Anyway I see it is a custodial solution so that it probably also requires a KYC.
No fees? This is strange.. I guess there is some spread instead they use to earn, right?