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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Depends on how much research you've done and what your long term opinion on it is I think the issue here is more around people not knowing what they are doing and putting all their eggs in one basket, rather than the effectiveness of investing a portion of money each month!
Absolutely agree. I think it boils down to ones ability to keep the "investor" part and the "trader" part of themselves separate. Otherwise, if they begin to overlap, the dynamics and psychology of DCAing will trickle over to ones trading habits, which can prove disastrous.
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Oh absolutely. I think a lot of people struggle to trade crypto whilst owning some because it automatically skews the bias
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