DCA vs Volatility: Simple lesson from the latest range

[CageMabok]

Hi everyone,

Looking at the graphs today , this quick market variation  is untrusted for me .

Personally , I stopped trying to trade every move. I just buy a bit regularly and don't spend too much time looking at the  details and price.

Looking for your point of veiw on this! , do you guys are depanding on market indicators when  price stays flat like this for weeks, or do you just keep the exact strategy  no matter what?

It depends on your own desires and needs, because in current market conditions, many people use the same strategy when buying Bitcoin even though the price has remained flat for weeks. However, it's also okay for people to use a different strategy than before when they see market conditions that haven't increased for weeks, as they may be chasing small, short-term profits. So, everything we do is based on our own desires, because following others' methods doesn't always lead to the right path.

[Somegory]

Hi everyone,


Looking at the graphs today , this quick market variation  is untrusted for me .



Personally , I stopped trying to trade every move. I just buy a bit regularly and don't spend too much time looking at the  details and price.


Looking for your point of veiw on this! , do you guys are depanding on market indicators when  price stays flat like this for weeks, or do you just keep the exact strategy  no matter what?

Trading every move will end up putting you in more losses, you did the right thing by buying regularly with what you can afford to lose, this is the best method so far and I also like how to take your eye off the chart completely and focused on DCA.

Nothing beats DCA in this market, trading is very brutal right now, I also do trading here and there but I completely avoid it since the beginning of this bear market, I short Bitcoin from 92k down to 70k and took profit.

That's all, now things are more focusing, even charts aren't that reliable so it's better to just keep buying small Bitcoin from time to time and hold for long term.

[#CapsLOck]

Hi everyone,

Looking at the graphs today , this quick market variation  is untrusted for me .

Personally , I stopped trying to trade every move. I just buy a bit regularly and don't spend too much time looking at the  details and price.

Looking for your point of veiw on this! , do you guys are depanding on market indicators when  price stays flat like this for weeks, or do you just keep the exact strategy  no matter what?

It depends on your own desires and needs, because in current market conditions, many people use the same strategy when buying Bitcoin even though the price has remained flat for weeks. However, it's also okay for people to use a different strategy than before when they see market conditions that haven't increased for weeks, as they may be chasing small, short-term profits. So, everything we do is based on our own desires, because following others' methods doesn't always lead to the right path.

The most important thing to take away from the current price range is that sometimes the market does not move in a way that can be predicted; it goes in its own way. Some traders love trading on the short term time frame because of its volatility. However this strategy involves risk and needs experience and discipline. Most long term Bitcoin investors will find a DCA strategy a lot simpler as they are not driven by emotion and just accumulate bitcoins on a regular basis. Boring, but there's an opportunity to continue to buy in a flat market. The thing is to select a strategy that suits your objectives and adhere to it.

[Ishicryptic]

Looking for your point of veiw on this! , do you guys are depanding on market indicators when  price stays flat like this for weeks, or do you just keep the exact strategy  no matter what?

It depends on the reason why you're into cryptocurrency, if you're in it for trading then looking into the market and doing technical analysis is important for you but if you're into holding as an investment it would depend on the coin that you're putting your money into. I cannot advice anybody to DCA on some random memecoins which can dump and never recover but if you're going to DCA on Bitcoin then it's a good investment decision, it is the most trusted cryptocurrency to buy and hold for many years, since it was created it has always reached ATH. Bitcoin is a volatile asset but the fact that it continues to reach ATH makes it worth to DCA our money on and it is the same reason why it is not necessary to monitor the market while accumulating.

[The Cryptovator]

Personally , I stopped trying to trade every move. I just buy a bit regularly and don't spend too much time looking at the  details and price.

Sounds like a holder accumulating by following DCA strategy. Even you don’t want to spend much time to look at the details but you should have your own accumulation strategy. Try to buy on every dip, so average price will be more lower.

Looking for your point of veiw on this! , do you guys are depanding on market indicators when  price stays flat like this for weeks, or do you just keep the exact strategy  no matter what?

If you are not a day trader then it’s not mandatory to read indicators. But if you do it then better for accumulation. For DCA strategy it doesn’t matter what’s the price, just follow your own strategy. Each of us should have our own strategy, one strategy won’t fit for everyone.

[Faisal2202]

Of course, reducing risk by installment periodically as you have could be the most sensible action after incurring losses in the past. Leaving making decision to an ordinary mechanism assists in limiting the vice of price monitoring all the time.

Leaving digital assets in a closed wallet and forgetting it has a value is a quite clever survival strategy, as it keeps the retirement preparations stable, and not shaken by the efferies of temporary emotional panic.

That's the trick, we just have to hold them someplace we won't be looking at them again and again. We don't even have to calculate the profit or loss. just keep track of how much in dollars you have invested because at the end of the day when you want to take profit, you will like to know how much you bought and how much you made in total after deducting the capital.

DCA or installments can make it easier to buy every week or month, deposit them in your secure wallet and don't even open the wallet every week, just check the balance on the explorer and try not to spend from it if you can.

We can easily accumulate a huge amount of bitcoins without even noticing.