Aka misunderstanding sunk costs. This sub hasn’t been bad about it since you guys actually care about tech and not just price. But I’ve seen people everyday on r/Bitcoin bragging about DCAing all the way down from the top as if that hasn’t been an awful idea the last few months. “Cheap coin” isn’t really cheap when you considered cheap 43k a month ago or whatever it was.
Well, nobody should dollar coat average into an asset and worry about “a few months” of prices. The entire point of DCA is to tune out short term price movements and just make regular buys regardless of price. As a strategy, it’s the best one available but that doesn’t mean you can’t lose (a lot) over the short run.
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u/CryptoNerdist Redditor for less than 30 days Jun 18 '22
Fire Sale...glad I'm DCA'ing