RamenCoffee on Nostr: it's nice to preach to the choir here, but in reality that is a very poor sales pitch ...
it's nice to preach to the choir here, but in reality that is a very poor sales pitch considering the risks involved.
in fact new people (with low information) will act (rationally from their perspective) and loto-ticket a lump sum.
The DCA stuff is for long-term convicted savings. A new person will not follow that advice, neither should they. They can't differentiate well BTC from ETH from penny stocks. You could give the same pitch for any asset and it would be, in most cases, very dumb to commit long term cash-flows to it.
Fwiw
in fact new people (with low information) will act (rationally from their perspective) and loto-ticket a lump sum.
The DCA stuff is for long-term convicted savings. A new person will not follow that advice, neither should they. They can't differentiate well BTC from ETH from penny stocks. You could give the same pitch for any asset and it would be, in most cases, very dumb to commit long term cash-flows to it.
Fwiw