Video Description

In this video, I discuss the power of dollar cost averaging into Bitcoin, rather than entering via a single purchase.

Dollar cost averaging (DCA) imposes the discipline of buying fewer sats when the fiat price is higher and more sats when the fiat price is lower, thus giving you a lower fiat cost basis.

In addition to dollar cost averaging, it's important to hodl BTC, instead of trading in and out. As Jack Bogle used to say, "time in the market beats timing the market."

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108 sats \ 2 replies \ @grayruby 26 Jun

Daily DCA is my strategy. However, when we get big discounts I will do larger buys.

50 sats \ 1 reply \ @gmd 26 Jun

They should have a DCA program which increases your fixed amount when fear and greed index is lower (more fear).

99 sats \ 0 replies \ @grayruby 26 Jun freebie

It would be cool if one of the Bitcoin financial services companies offered customizable DCA where a user could choose something like you mentioned.

Say for instance if Bitcoin is down 30% from ATH double my DCA. If it is down 50% or more triple it.

21 sats \ 0 replies \ @riberet19 26 Jun

I started doing DCA and I continue to do DCA, it is the best strategy to invest in the long term and not think too much, but when the price has a sharp fall, I usually invest more money, just like Grayruby does.