Re:Bitcoin Hits New All-Time High Above $65K on Strength of ...
by latchkey on Wednesday October 20, 2021 @05:26PM
(#28936887)
https://www.morningstar.ca/ca/news/197437/dollar-cost-averag...
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Re:Bitcoin Hits New All-Time High Above $65K on Strength of ...
by Geee on Thursday October 21, 2021 @06:33AM
(#28942589)
DCA is a good strategy when the asset is very volatile, and you want to minimize the timing risk. If you're buying a low volatility index fund, then it doesn't make sense. This applies only when you have a large amount of money to begin with, because you basically have to DCA if you're investing from your monthly earnings.
Lots of people have a fear of investing and don't enter the market at all. DCA is a fool-proof strategy which can minimize the fear and is easy to follow for beginners. In the case of Bitcoin, most people simply don't enter at all, because they're too afraid of the short-term movements in the price.
Re:Bitcoin Hits New All-Time High Above $65K on Strength of ...
by wsostt on Wednesday October 20, 2021 @07:55PM
(#28938454)
This is obviously true but most people DCA into the market because they’re investing money as they earn it. The put $X I to their brokerage account on payday and buy more indexed ETFs.