BTC Test Dummy on Nostr: If you're worried about prices volatility than it's best to Dollar Cost Average (DCA) ...
If you're worried about prices volatility than it's best to Dollar Cost Average (DCA) which is just buying alil bit every day or week or month depending on how often you want to buy, this just somewhat eases the emotional volatility of thinking you missed the boat. If you buy at 60k and it goes to 50k than youre going to be upset that you rushed in at "high" price but if bitcoin goes from 60k to 70k than you'll be upset that you didn't but more so it just makes it simple to DCA.
Published at
2024-10-11 14:29:23Event JSON
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"content": "If you're worried about prices volatility than it's best to Dollar Cost Average (DCA) which is just buying alil bit every day or week or month depending on how often you want to buy, this just somewhat eases the emotional volatility of thinking you missed the boat. If you buy at 60k and it goes to 50k than youre going to be upset that you rushed in at \"high\" price but if bitcoin goes from 60k to 70k than you'll be upset that you didn't but more so it just makes it simple to DCA.",
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