Is it Time to Increase Your DCA Strategy for Bitcoin?

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ben.bitHero Member
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#1Aug 11, 2020, 12:14 PM
Bitcoin has historically bounced back from certain price zones. We're hitting one of those zones again. I see this as a prime chance to increase my DCA. If you were buying Bitcoin at $5 a week, maybe now's the time to bump that to $15.
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GigaOmegaMember
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#2Aug 11, 2020, 01:58 PM
I think we might see a bottom around mid-June. After that, a short rally in July could happen. But don't forget the usual dip in Q4, it's been a trend. June is a solid month to start DCAing in, though.
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lynx1337Newbie
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#3Aug 11, 2020, 05:58 PM
Why rush? There'll always be chances to grab cheap Bitcoin. Buy what you can afford to lose. Don’t just up your DCA because you feel it’s a rare moment. The economic landscape can change everything.
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0xHodlerMember
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#4Aug 11, 2020, 09:31 PM
So if I followed your plan and bought $300 instead of my usual $100, and the price keeps dropping next week, what then? I mean money doesn’t just grow on trees. I might miss another good buying opportunity.
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#5Aug 12, 2020, 01:21 PM
Market timing is mostly luck. DCA is a safe bet for stacking Sats. But I'm holding out for $60k to buy more. I think there’s more upward pressure coming.
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whale420Senior Member
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#6Aug 12, 2020, 02:25 PM
Sounds like you’re suggesting a martingale strategy. If you double your investment when prices drop, that could work if you plan to hold long-term. You gotta know the right support levels.
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chris1337Full Member
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#7Aug 12, 2020, 06:01 PM
Wow this is crazy. I thought we’d stay above $60k for a while, but it’s looking like a drop below that could happen. If we fall to $55k, that’s a buying chance for sure.
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#8Aug 12, 2020, 08:43 PM
If we hit $49k, I won’t be shocked, and if $58k holds as support, it’s not unexpected either. We’re anticipating a dip, so let’s see how low it can go.
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maxorbitMember
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#9Aug 13, 2020, 02:23 AM
Always do your homework. Even if you’re following someone else’s analysis, it’s still guesswork. If you’re DCAing $100 a week, stick to that unless you’ve got extra cash to buy on dips.
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#10Aug 13, 2020, 06:41 AM
If Bitcoin drops below $60k tomorrow, it could fall to $50k this month, giving new chances to buy in cheap. Some folks are eyeing $30k+ now, but don’t get afraid to accumulate more.
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0xOracleFull Member
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#11Aug 15, 2020, 12:20 PM
$30k seems a stretch right now. I’ve seen Bitcoin bounce back above $60k several times. We have to see if it holds or continues to dip. I believe we won't drop below $40k this cycle.
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maxi100Newbie
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#12Aug 15, 2020, 01:41 PM
Having an emergency fund is key for Bitcoin investors. It’s not just crypto; it applies to all investments. With crypto’s volatility, need to be prepared for risks.
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defi_2021Member
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#13Aug 15, 2020, 04:03 PM
Be consistent with the figures you’re quoting. The market's already shifting, especially with the new job data out. If we stay above $60k, that’s still good for accumulation.
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#14Aug 16, 2020, 08:41 PM
I usually buy when the price dips below what I paid before. It’s a solid strategy and helps to track investments. Having more cash to buy during drops feels like a no-brainer.
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CalmMinerFull Member
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#15Aug 16, 2020, 11:26 PM
You’re right, many got swept up in the market surge back in March and April. Now it looks like we’re back to bearish sentiment. It’s unpredictable.
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#16Aug 17, 2020, 02:06 AM
I sold all my Bitcoin in September to take profits and moved into gold and stocks. Now that those are down too, I think it's time to DCA back into Bitcoin.
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the_seedFull Member
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#17Aug 17, 2020, 05:54 AM
It all depends on individual capacity. If you have extra funds, increasing your DCA is smart. But dumping everything into Bitcoin? Be careful with that.
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#18Aug 17, 2020, 07:12 AM
If you weren’t ready to double down on DCA, don’t put yourself in a bad spot financially. There will always be future opportunities. Accumulation in your own time is key.
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dave2017Newbie
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#19Aug 17, 2020, 08:49 AM
I agree with the OP. This could be a solid moment to increase your DCA. But don’t compromise your budget. Cut unnecessary expenses instead and then buy more.
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LuckyByteMember
Posts: 142 · Reputation: 58
#20Aug 18, 2020, 11:48 AM
It makes sense to buy more BTC as prices drop. Historically, BTC climbs back, so this DCA approach sounds logical. Strong hands should buy while weak hands panic.
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