Bitcoin DCA - always same amount or do you change depending on price?

[stompix]

I tend to agree that buying on dips is better than staying consistent on investment time and pattern.

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.

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?

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.

[1715253789]

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[Furious 7]

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.

[imamusma]

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.

[The Cryptovator]

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.

[tabas]

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.

[Ryu_Ar1]

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.

[Wind_FURY]

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.

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.

[franky1]

I tend to agree that buying on dips is better than staying consistent on investment time and pattern.

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.

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

[teosanru]

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?

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.

[Furious 7]

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.

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.

[ektotanes]

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 

[Yatsan]

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.

[Wind_FURY]

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.