39 sats \ 2 replies \ @ek 16 Nov 2023 freebie \ parent \ on: deleted by author bitcoin
hopefully, a substantial amount of savings in fiat that can cover your expenses for several months in case of immediate emergencies.
Now, imagine your boss kindly sends you $10,000 as Bonus
Now we're suddenly talking about emergency funds and bonuses. Moving the goal posts?
I thought you meant literally all in, 100% bitcoin, 0% fiat at all times
Complete exposure to volatility
That's at least what I am arguing against and in favor of DCA.
My point with this "You Shouldn't DCA Bitcoin" is that instead of spreading out the conversion of those $10,000 over a year (buying small amounts regularly), i suggest converting the entire sum at once and avoiding the DCA approach altogether.
Okay, I see. I can agree somewhat with that.
I guess the best is a mixed strategy: lump sum first, then "DCA" (or however you want to call regular buys) and buy the dips
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0 sats \ 1 reply \ @Zepasta OP 16 Nov 2023
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9 sats \ 0 replies \ @ek 16 Nov 2023
My intention was not to suggest that individuals with a family of 10 should all their money into Bitcoin all at once leaving them without enough fiat for monthly expenses and emergencies. That's just crazy.
TL;DR — No DCA-ing, go all in on Bitcoin as soon as you can.
I hope you can see where this misunderstanding between us comes from.
Could quote more comments from you but currently not enough time. Maybe later or if you want more clarification.
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