Adding to this, it also breeds a sense of complacency since your decisions become pre determined and not motivated by the market. You no longer have an invalidation criteria. By the time you realise you shouldn't be DCAing, you're already in too deep to do much about it.https://twitter.com/ThisIsNuse/status/1187121992887164928 …
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You're looking at it from a trading perspective, not from an investor's mindset Putting a portion of one's money per month into a stock has been happening for decades with a long term mindset. If you're bullish on an asset with a 10+ year outlook, it makes sense to non traders
Yeah, purely looking at it from a traders perspective. I don't have a 10+ year outlook on BTC.
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Sure, but dollar cost averaging isn't a trading strategy, it's an investment strategy, so kind of makes it all moot saying you don't have invalidation criteria etc
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Lately, the line between the two seems to have blurred on here. That's what I was referring to. Seeing a lot of people conflate working an area with DCAing. I'd still argue that as far as BTC is concerned, throwing a fixed amount of money every fixed interval is not ideal.
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