Bitcoin Forum

Hello all,

I currently have 0.08 BTC at an average price of $19000 and just wondering what everyone does when we have pumps like we are currently seeing.

I feel I have a great average currently but now that it has shot up to $24,600 buying now will increase my average price quite a lot.

I usually DCA weekly but thinking I may miss this week and buy more once we have another pullback.

Just wondering what everyone else does, do you buy the same amount each time or less as its more expensive?

I usually skip doing DCA when I saw solid green candle and wait for a couple of days for a minor correction. Since you already have a good position with average buy price of 19K, Wait a bit for correction is the right thing to do because your initial investment is already on profit and there’s no need to chase for more profit by buying on a pumped price.

But of course this depends on your terms of investment. If you are looking for a long term investment such as a year or more, The price doesn’t matter whether it’s currently pumped or dumped because this price movement is only short term while you can average your buy a lot more on the following months coming.

Some people can wait for bullback which is possible. During investing, it is good to be patient.

Some people have a target, it can be $25000 or $30000 before they will no more start to invest. People that want to invest for long term can use this kind of strategy because they believe bitcoin will reach all-time-high again and they are going to gain.

Some people can just take part of the money weekly and later invest the remaining if the price of bitcoin decrease.

Some people will continue to DCA as they know that bitcoin price is still not high enough.

I DCA daily, first thing in the morning, before I even get out of bed.

DCA-ing depending on the price could be more profitable, but there is no guarantee.
For example you could DCA with a higher f**t amount when it's below some MA or when the RSI is low, and a lower amount otherwise.

It may be worth running some simulations on historical data, but my guess is you wouldn't find any patterns that would work over a different period.

Bitcoin is the one part of my portfolio I plan to hold till 2030 at least , most of my altcoins I will sell next bull run.

I will wait a few days and hopefully Bitcoin drops back down to $23k again which i will set as my next buy.

So this is a super long term investment indeed. I suggest to make your buy schedule bi-weekly to make sure you can average your buy evenly and for a less hassle of buying frequently.

Yeah, There’s no harm on halting to buy for and wait for another good entry since you have a lot of time to DCA. Buy as low as possible without rushing things. Keep it up!

DCA's function is primarily to pay less attention to price due to the uncertainty of where the market will go next, therefore you do it regularly.

So the question is, what if the decline will be at a higher price range? That's the advantage of DCA. Buying on the next decline (if at the same price range) will decrease the average price back if you take a chance.

You can DCA in uptrend or in downtrend because DCA is applied for investment. If you believe Bitcoin will be upward in future, today price will be bottom in future next 5 or 10 years, you can continue DCA in this mini run.

Sometimes it will be pulled back and you win with your waiting. Sometimes, it skyrockets and you fail with your waiting then end with buying at higher price than like $24,600 today.

By predicting price, peak and bottom, you are breaking core idea of DCA that is to eliminate emotion and psychological effects.

It's always good to keep your eyes open while doing DCA. So I wouldn't suggest you to invest same amount in all market conditions. Rather, invest more when the price is less than your average buying price and invest less when it is higher. That's the wisest route to take.

Because if you keep investing same amount when the price is higher, you will risk increasing your average price. So play slow when the market is higher than your average buy price.

Important for OP to consider where the market is now. Is it in a bull market or in a bear market? If OP thinks it is a in a bear market (I agree with), it is good to continue DCA.

In addition, if OP believes that in future, just with a next bull run, after a next halving in 2024, Bitcoin will at least reclaim its all time high nearly $70,000 or better make a new all time high above $70,000, price around $25,000 is a dream for many people just next one more year.

If OP agrees with me on these two points, why stop DCA with price under $25,000?

For example if I buy $100 worth of Bitcoin consistently every week then if the price jumps up double, then I still will buy $100 worth of Bitcoin but of course the amount of Bitcoin I receive is less than before. I set the fixed amount of my affordable money for DCA everytime I could unless there are some unfortunate events happened, but it's so far really comfortable for me.

OP never said to stop though.

We are still in a bear market, bull market will start next year.

I think we will see a lot of pumps to around $30,000 this year.

If in terms of money I spend to buy BTC or in terms of my fiat currency with the same value regardless of BTC price fluctuations because this is based on the presentation of spending for investment, even though the amount of BTC you get when doing DCA is sometimes a little and sometimes more because of fluctuations it is very confusing if you think deeply about buying DCA when you want a large amount of BTC to get, in this case I have additional funds to buy when it goes down to buy more BTC and treat disappointment when doing DCA at high prices in previous time.

Yes, it depends on market conditions, so it's good if you have a strategy of doing multiple DCAs for each price level (this will readjust your buying levels).
For example, at a price level of $16k to $20k, each of your purchases is $100 (DCA-1). Once the price level goes up $20k to $24k it will be $60 (DCA-2), etc. In this case, your portfolio should be separate.

By now you have accumulated quite a lot with a good buying average.

DCA is really a great strategy and timing is really the key. Just always buy if it's on a red candle on a 4H timeframe and set an alarm for the target price if it hits. I can see that the market could reach $25k in no time and another retracement before it goes up again.

That would make sense if you knew BTC was going to range between $16k - $24k.

But without the ability to predict the market it's risky. What if it never drops below $24k (or whatever level you set), you'll never buy BTC again and, unable to save the fruits of your labour, you'll end up being poor.

It's as simple as this: If within 1 week you always take the time to buy then there is a 7 day option to make a purchase. So you don't need to force yourself to buy when it's green, because within a week you can have 7 choices and will definitely be adjusted to the price when a correction occurs. DCA is a good step, but choosing a purchase at the right time also requires careful consideration.

Try to tweak your strategy.

I mean in times like this where the market is pumping, it's pretty obvious that you don't want to buy Bitcoin and wait for it to go down at least. Keep the money that you want to use for this week and use it next week or until it goes down. After all, you are doing DCA "weekly" and there are still a few days left to end the week. Maybe we might see a bit of a downward movement after this pump (which is what always happens), and that's the time where you need to buy Bitcoin.

As for what I'm doing when I'm seeing pumps, nothing :D. Maybe I'm a bit happy to see a pump but, I'm not buying when a pump happens, but at the same time, I'm not also selling when a pump happens unless, it's time for me to sell (I've have my own strategy of selling some of my Bitcoins).

Keep your money for the week if it does not go down. be patient and wait for the dump to happen. Tweak your strategy. Have some Plan B's and Plan C's.

If you define this as a long term investment and only sell bitcoin when it hits a new ATH, or $100k, then I think 24k is still not too high, you will still be profitable. I DCA monthly, or whenever I have idle money, I will switch to bitcoin, to be honest, when bitcoin reaches 20k, then 24k like now, I am not happy because I think I have run out of opportunities to buy cheap. But we have to accept the present, as long as bitcoin stays below the old ATH, it is always worth buying and holding.

I myself don't determine in terms of price I will continue to accumulate when the dollar is ready, for example, a week of $60 if the price is above $24k then I will still buy and enter DCA because this is still the lowest area in my reach so it is impossible to have to wait longer to get off because it's hard to guess.

It also depends on financial conditions, so I usually don't differentiate between going up or down, I just want to continue to accumulate without knowing the price in my principles, but if it's above $ 30k then I will consider returning in that area to make sure how big it is. must be bought in rising or falling conditions.

When it comes to DCA, I allocate the same amount weekly.  Let us say I have free funds of $40 weekly, then that is the amount I am spending to DCA.  Price of Bitcoin is irrelevant, I just buy $40 regularly regardless it is dumping or surging.

Since my goal is long term and thinking that the price today is nothing compare to the price of Bitcoin in the future, I believe the most important part is that we are adding more Bitcoin to our stash in a regular basis.

If so, things will be easier, people are expecting bitcoin to hit $100k in the next bull season in 2025. And would you try to predict what will be the ATH that bitcoin will reach in 2030? 150k or 200k or more...Set your sell target and compare it to the current buy price, you will know whether to buy now or wait for bitcoin to correct for a better price. For me, 24k and 23k don't make too much of a difference, because it's a long-term investment.

I have set the same amount of fiat money to buy bitcoins, regardless of the bitcoin price. So it doesn't matter if the bitcoin price is now $24k or even more because I didn't increase the fiat money to buy bitcoins. Maybe the amount of satoshi I will receive is smaller if the bitcoin price goes up but that's okay because I have to adjust to the money I have. Also, with this increase, there will be a correction moment for the bitcoin price and it is then that maybe my number of satoshis will increase.

Doing DCA every week is good to continue. But you must have a target for when to stop investing in bitcoin, whether it's a target for how many years or at what price you will stop investing in bitcoin and just wait for moments of high increases or even prolonged rallies later.

If you are already convinced that the price will be $23k or lower again, why don't you sell your 0.08 BTC at a price that is currently around $25k and then buy at a lower price? To be clear, this is no financial advice, but DCA doesn't make much sense if you calculate the way you do it.

What if the price goes towards $30k and stays there for the next few months, and then rises again? Your average price simply has to increase because the price of BTC is increasing, or rather it is recovering to the levels where it was before it was affected by various scammers who shook the entire crypto market with their actions.

I just take a simple strategy, then continue the DCA-2 formation or set the DCA-3 with a smaller buy level, eg $ 50 per buy. The DCA strategy must be as flexible as possible according to the portion of the funds. There is always an opportunity to take profits at every momentum, there are also no rules against doing DCA at a certain price level.

Umm, I think you are exaggerating, the average person thinks DCA is the most effective in the long term investments.

When I am uncertain whether to buy or not, I just don't buy if I feel that it's quite high already. I'll wait for a couple of days to see if this increase will or won't decrease anymore.

By that time that I'm able to confirm that it's going to continue moving up then, I'll decide to just continue my DCAing again. That's usually the routine that I does.

But if you just want to be consistently accumulating then, whatever the price is, you'll buy.

The best time to buy is when the price is low so definitely, increase your DCA if there is more opportunity for a big buy. But when the price starts to rise again, just keep on DCAing but maybe control your expenses as it’s never a good time to buy when the price is quite high. As long as you spend the amount that you can afford to lose, that will be good enough.

I don't usually do this due to the risk of the price not going back down again but may do when we next pump as it has now gone back down to $23600.

Hopefully we fall back below $23000 again which is when I will next buy some more.

Are you actually doing DCA if you are buying more when price is "low" and buying less when price "high"?

Point of DCA is to buy with the same amount at the regular intervals without worrying about current price as you are buying with the intention to hold for longer period of time. Its supposed to be hassle free and what you suggested him to do is everything but that.

There is always a risk, especially if you want to make a profit in the short term, or in the specific case to increase the number of your coins by selling at a higher price and then waiting for a dip to buy them back. That is why the DCA method is much safer and makes sense in the long term regardless of the fact that your average price will become higher over time.

However, every strategy can be adapted and you have not committed to anyone that you will use it in a certain period. In any case, it seems that you are going in the right direction, and the only question is how quickly the amount of your BTC will increase.

Sticking to a a plan and strategy is what DCA is all about. Making the decision to change the amount you DCA depending on price is an inconsistent behavior that should not be accepted when you make the decision to DCA. One aim of dollar cost averaging is to assist you in developing the habit of being disciplined to commit to investing an amount. It does not mean that someone cannot decide to increase the money they allocate to Dollar cost averaging after a while, but what I am saying is, stick to an amount in a certain period, do not depend on the price in the market to decide how much you will DCA, choose an amount comfortable for you and stick with it until you feel like you can invest more or you should reduce your investment.

OP, buy more during the DIP, especially the DIP of a bear market. Why? Because it's giving us plebs another Golden Opportunity to buy Bitcoin with a > 50% discount from the last ATH. When the bullish cycle returns, for front-running, you'll be told that you "just got lucky". Got lucky for buying the DIP, to HODL, that no one wanted to buy?

Luckily I only started investing in Bitcoin when it crashed to $17000 in June last year and looks like I bought a nice chunk at the bottom too.

Like a lot of us I am sure I didn't expect it to pump this much over the last month but hopefully we have at least one more crash back to around $19000 again before the bull run starts so we can all buy more.

During the real lows in November/December I was more focused on altcoins but have seen quite a few pump at least so I am putting most of my profits into Bitcoin now.

I usually don't increase the money I use to buy bitcoins, especially if market conditions are in sideways mode. But if the market is down and the drop turns out to be deep, I usually add up the amount because I can earn even more bitcoins. And it is by using the DCA strategy that I can earn more bitcoins in every downturn that comes to the market. It depends on the strategy you use, and if you have read many recommendations from other members, you need to make your own choice, and all you need to remember is only to use the money you can afford.

You have answered all your questions in your question itself. :)
I think buying at very high will shift your BEP towards higher peak target. Imagine having your BEP 30k (futuristic) and suddenly bitcoin drops all the way to 15k! What would you do at that time and how will you tackle the average price at that time. It will take lot of efforts for you to shift it down again.

Be cautious you might just get stuck into infinity loop and get fluctuated with your decisions as well. Better to decide where you want to reach in terms of profits? You can easily set the limits by then.

calculate a "value:premium" window of expectation that a spot market will wiggle WITHIN

EG most efficient method to acquire bitcoin is the most efficient mining on the planet
no one wants to sell at a loss below the most efficient bitcoin cost on the planet
set that as your bottom line value number

EG most in-efficient method to acquire bitcoin is the least efficient mining on the planet
on one wants to buy at a excess above  other methods to get bitcoin on the planet
set that as your top line premium number

in 2021 it was (my opinion of my math)
$10k-$75k value premium window   where the market was wiggling in the $30k-$69k

in 2022 it was (my opinion of my math)
$15k-$90k value premium window  where the market was wiggling in the $50k-$16k

so lets use say 2022

if the window is 15-90  you would want to buy more the closer it is to 15 and would have set a mid point at ~47k where you decide if you want to stop buying and maybe selling

this first quarter of 2023 is setting itself up as a $17-$110 window . which means dont expect 150k this quarter not anything really above 100k as being a expectation of a ATH this quarter

so while prices are below $25k its still low in the price and in the realms of good value so
buy more.
 0      16.5                   55                    110k
  ||||||||||||||||||||||||||||||||||||||||||||
            ^
          22.5

where by in my opinion i would want to buy less as the number start getting into the orange and red zones

or atleast split your investment up into amount you want to see returns in X years(under 4)
and amount you want to see returns in Y years(over 4). and only risk the Y year return on the orange, red zone. knowing its going to take that amount longer to get returns after corrections and next cycles

If I see green daily candle or pump over the week then I always wait for some correction…because it is necessary for Bitcoin to take some correction after a pump as the intraday traders have to book their profits …once they start booking their profits ,Bitcoin take some correction and I enters the market for some dca as the price is gonna be somehow down from its high of week….
As in today ..I’m not going to enter market and do dca …I gonna wait 2-3 days and will perform dca after some correction until and unless Bitcoin close its daily candle above 25,500 $

Buy regularly at any price because the bitcoin price is not so relevant so when there is free money every week then just buy it is in accordance with what we do with DCA every week, make sure that the current price is still quite low even though some say this is bullish.

Pretty sure the future goal will be more than today so keep piling on as many bitcoins as possible from DCA every week I do that because I believe the long term will be better than now.

DCA is a good choice to improve our portfolio balance so definitely, if the price is a perfect buy because of its very low price, then its best  to buy more bitcoin and hold. However, if the price is still a good buy and yet it’s quite higher than the previous price, then it’s best to lessen our DCAing not only because the risk is high, but also there will only be small profits when you buy at already high price and then hold.

I tend to agree that buying on dips is better than staying consistent on investment time and pattern. Buy in dip has been said to be a great accumulation strategy for any asset including bitcoin, and it feels like there are a lot of people adopting this strategy to make profits on trades regardless of the trading time frame.

You can buy at any price if you have pattern or habit that you have been doing. For example you can do it every weekend before the closing price, or maybe at certain hour consistently. If the goal is for the long term, buying expensive is not a problem.

First thing is that you don't know if it's a dip or a knife falling down, some believed the 40k and then the 30k was a dip, what would have happened if you would have gone greedy and bought ten times more at that price, believing you've made the trade of your life?
DCA is exactly the opposite of daily speculations, if you want to keep acquiring coins at an average you do it on fixed intervals with fixed money, the moment you try to buy more on some days and less on others, the moment you buy consecutively for 3 days and then take a month break that's no longer DCA is more gambling than both investing or trading.


I know a guy that has continuously bought every single dip based on emotions, if I remember correctly he's some sort of president somewhere, he has nailed every single dip so nicely with his laser eyes that his average buy was around 40k in December. A clear indicator that it's better to DCA rather than chase the dip and ran out of money when the real one occurs.

I think it's about target. If you do set your target below $24k then it's already more than your target to buy and it's only natural to hold off for a while until the price drops again. But I think with that condition if you really want to do it for the long term it can actually be done because regardless of anything if our target is for long term investment then this price is nothing.
As long as you are sure and capable, then do it, but if you really want to hold back, it also returns to yourself.

DCA combined with buy on dip seems better. But I think people have their own strategies that they believe are better than others. It's about making a profit, and if you feel your strategy is profitable then you don't have to worry about it in the long term. They can be consistent with their investment strategy especially if they are making profit, but DCA is indeed a recommended choice when facing market volatility.

Each investor should have their own strategy when buying bitcoin. As the price starts to rise, I won't even attempt to enter. So, I don't have to worry about average prices or investment amounts. I only buy what I can afford to hold into these longer in case of dump when I feel this is the right time to pull back to take entry. I improved my patience. Since Bitcoin is so volatile, we can't generate money from it otherwise.

While there's a target of how much bitcoin we all want to accumulate, changes in price is an expected term in the market. The potentiality of how much you can buy every time you've got budget ready matters. What's vital is that you're doing it, you buy and you're getting any quantity of bitcoin which is the main plan of buying. If you can't attain and maintain to have that stable amount every time you buy, why does it matter? As long as you DCA and you're filling and executing the plan is the center attraction of this goal.

I still do it every week. Not without real reason because my target is still above that because indeed I always convince myself that if the bitcoin price hasn't touched $30k then I will still continue to buy with DCA every week or month. Even though sometimes I also wait for the right price and see if there will be a decline in the near future or not, the conditions are still the same for me.

I think if indeed you choose to wait it can still be done but indeed sometimes things like this are still fifty-fifty and now we are in a temporary decline so it is also still feasible to remain DCA.

No one can blame you. Gamble in shitcoins if you believe that you can profit from it, but for most of the plebs like us, it's better not to take risks because we could never out-trade the market all of the time. There's always a trader who's smarter than you, who's well capitalized, and who has an army of bots programmed to take your Bitcoins away from you. They can't do that if you're just HODLing.

gambling is just throwing money at a wall no matter where it is and hoping for a future good result

however if the price is lower than a previous. then buying more the lower it goes and less the higher it goes is smart. its the real essence of cost averaging

throwing money at "whatever" is not cost averaging or cost control. its just CRP coin random purchase or coin random price

if you are not even trying to average down your purchase price to maximise accumulation and maximise future gains. you are not doing it right

its those that want idiots to throw money at any price even the highs that want you to buy the high so they can sell to you and leave you at the high, while they buy the next low

It depends generally the amount you buy depends on the analysis you do as to how down it can go. If you are highly probable that market will fall then obviously it's advisable to keep a larger chunk for the future when price will further fall. And if you are doubtful about the price to further fall then it's obviously better to invest a better chunk right now. But yes if you are not doing any such analysis then it's better to keep equal proportions only.

Like you said, it's about strategy if you are sure enough to hold and wait for it to go down then as I said before do that because it is also very good although we still can't predict whether it will go down further or go back up .
Here, when doing anything, everything is justified, whether it's doing DCA without needing to look at the price or combining it with waiting and buying dip, everything can be done because it's really up to us, because we decide our destiny here.

I try to always DCA the same amount. It's just easier for me.

It might be more profitable to invest different amounts depending on the price tho 

If you are planning to sell eventually, then adding an amount whenever there is a pump in the market price would be a good idea but if you plan on holding it for a long period of time, wait for the pull back then and if not, just let is stay in that amount. Because instead of profit, it will just be lost trying to increase your asset halfway once a correction occurs; happens a lot and without certainty of its occurence. It is indeed good to desire a bigger profit but if it will just add risk and if it is not supporting chances of bigger profit, then it won't be worthy doing so; the bigger your asset, the bigger your partial loss could be once there's a dump with the market prices.

Plus if eventually planning to sell, but the amount is not large enough to have a positive impact in your life, then I believe OP should continue HODLing, and also continue to support the Bitcoin Movement. There definitely would be no harm in HODLing the money of the Free People in a CBDC World which is possibly coming within 10 years.

 8)