I still don’t get the DCA.
Why would you keep holding the fiat?
Discussion
cash flow
That doesn’t correspond to DCA
agreed, if one is holding fiat, and believes, like me, that it is a mathematical certainty that Bitcoin is worth 1000 or more times gold, then one should move all in to Bitcoin asap, else risk missing the few huge run-up days.
if one receives fiat every week or two, then DCA that into Bitcoin as that cash flows in (ex, $100 every Friday)
It lowers the blood pressure of the people who don't get the Bitcoin yet.
Good one👍
Taking all excess of your paycheck into Bitcoin is a DCA strategy. You can DCA and still hold no fiat.
Ok. That looks valid
But also … DCA also has dollar in its name 💩 → it just doesn't have a future...
People have different opinions on stuff and value stuff differently. That's the reason why betting exists (different opinions on the probability of the outcome).
Sometime it's because value is subjective, sometime it's because one of them is wrong.
DCA is representation of both. People value fiat stability and they are buying it, ignorant to the fact that the bulk-buy overperforms it in most of the cases.