Nothing much has changed since my previous post on the dollar cost average, DCA, strategy for accumulating BTC. I've adjusted the green and yellow boxes a bit, and adjusted the Fib levels a hair.
But, my simple long term strategy (many years out) is to buy 5.00 worth BTC every day, regardless of price, when it is within the yellow box. IF price goes into the green box, I will purchase 10.00 every day, regardless of price. If it drops below the green box... well, then all bets are off, and I"m loading up!
In past comparisons, my performance and return on investment, ROI, is much better using a DCA strategy vs swing and day trading. It is a very simple strategy for me to use, doesn't take much time, and doesn't require lots of screen time. Its not sexy and requires a mature level of patience, as compared to trading.
I still trade swings, and occasionally day trade, but this is my bread and butter play. Long term I'm super bullish, and can easily imagine BTC going into the 6 figure values. Wide spread adoption of crypto appears to be happening slowly, and geo-political and economic circumstances seem poised to raise BTCUSD value, but in the end I believe it is the market makers who ultimately control price.
I hope you find this to be of some value, but please don't use this as any kind of financial advice. Happy Holidays!
But, my simple long term strategy (many years out) is to buy 5.00 worth BTC every day, regardless of price, when it is within the yellow box. IF price goes into the green box, I will purchase 10.00 every day, regardless of price. If it drops below the green box... well, then all bets are off, and I"m loading up!
In past comparisons, my performance and return on investment, ROI, is much better using a DCA strategy vs swing and day trading. It is a very simple strategy for me to use, doesn't take much time, and doesn't require lots of screen time. Its not sexy and requires a mature level of patience, as compared to trading.
I still trade swings, and occasionally day trade, but this is my bread and butter play. Long term I'm super bullish, and can easily imagine BTC going into the 6 figure values. Wide spread adoption of crypto appears to be happening slowly, and geo-political and economic circumstances seem poised to raise BTCUSD value, but in the end I believe it is the market makers who ultimately control price.
I hope you find this to be of some value, but please don't use this as any kind of financial advice. Happy Holidays!
