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.
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.
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