is anybody so kind and explain or send me the link to the DCA strategy please?
BTW, we should start something where the WO terms are explained to Newbies like me.
![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
Heh, not for you, Gysur, but for actual newbs? DCA Made Easy.
Dollar Cost Averaging: Buy some reasonable fixed amount, regularly. Be fearless.
0. Never buy/sell Big Chunks of BTC/$$$
1. Choose some vice/habit/expenditure, that you can quit or reduce. Calculate the cost on an interval of a month or less.
2. Choose an amount you could invest/buy on said interval.
3. Don't sell.
4. {Non-DCA overall good advice} Pick some small % drop that means "I could buy a little more, on the dip".
5. Examine your life. Sell some things (attic mining, @Searing). Buy a few satoshis.
6. Don't borrow money, overextend yourself, or buy BTC on credit.
7. Keep abreast of news/developments, but don't get emotional. Stand tall. We are the champions (of the world).
8. (eventually) have a goal to get off. Not sell out, but a small % reward.
9. What is your goal with your life? Be it lambo/hookers/blow, or travel, freedom from work, or a private island, we all need goals.
10. If you can't sleep, worrying about it? Reduce your position, but never sell all.
Step 1 is important, especially if your vice/habit/expenditure is unhealthy. Look where to conserve in small ways. Pick a 'red beans and rice' night every week. If you go out to see a lot of movies, pick a night to sit outside and watch the stars and listen to music (weather permitting). If possible, go to bed early one night a week, and walk to work, or wherever you are going. Limit your intake of trendy chemical amusement products.
For my own darn self, I quit smoking cigarettes, and spend that money on BTC. If it all goes to zero? I pride myself in still making my life better.
Re-reading this, it seems more philosophical than I am. I just got back from two funeral visitations from two friends that did not take care of themselves. You can't take it with you, live better.