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0 sats \ 2 replies \ @Lumor 22 Aug 2023 \ on: I'm selling my only property and putting it all in bitcoin bitcoin
Are you going into BTC lump sum or in multiple installments in the hope of evening out volatility? I would probably buy for half the amount, then buy in more gradual installments.
I've never been a fan of DCA even though it might be the best idea in this case.
I still somehow enjoy "catching" the good price although I didn't go in my favour bunch of times already. If the price will be what it's now, I'll probably go all in at once.
We'll see.
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Lump sum is definitely the way, particularly in a bull market like we are in. Statistically, DCA is advantageous in a bear market, but we are coming into the halving now so if you're hanging around with cash just to DCA you're short bitcoin.
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