So I have 3K to put into Bitcoin but I'm wondering if I should just DCA into it or lump sum into it ?
Discussion
I like DCA, it removes the emotion from it
Do both. I DCA on river (auto withdrawal to cold wallet feature is amazing) and then splurge on Kraken. Set a routine, but then I encourage others to contribute extra when they can.
Just buy it all, dca is for after you put ur initial lumpsome in and you're just saving yk
Lump sum. Less UTXOs less fees. In 10 years it won’t make a difference if you DCAd or Lump Summed 3k tbh.
UTXO ?
unspent transaction outputs. If bitcoin was fiat then UTXOs would be the bills you have in your wallet that come in different denominations.
Lump sum son ….
Then ride the wave …
5-6k Will make no difference to your time preference, if you understand what you hold!
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