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
😅
Discussion
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?
