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Use DCA: my cautionary tale

Bitcoin Reddit

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Bitcoiners, especially new ones, here is my cautionary tale to convince you to implement an emotion-less dollar cost averaging (DCA) strategy to buy your corn.

I got into bitcoin at the peak of the previous bull market in 2021. My first lumpsum buy was when BTC was at $46k and headed up.

Thereafter, I have bought many times at levels ranging from $20k to $72k. Unfortunately, I never implemented a disciplined DCA method, instead just buying whenever fits of FOMO came upon me.

As a result, my average cost basis is a high $50k per coin. If I had DCA bought every week or every month, my cost basis might have been $35k per coin or so, and my bag would have been considerably bigger.

Hence, please learn from my mistakes and implement DCA for buying, without giving in to FOMO emotions.

submitted by /u/True-Whereas6812
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