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If you bought in July, you've doubled your money since then. If you bought in April, you only broke even in the past couple of days. It's very much about timi
by jstx1 5y ago
If you bought in July, you've doubled your money since then.
If you bought in April, you only broke even in the past couple of days.
It's very much about timing the market.
- capableweb 5y agoSure, if you're out after minor short-term gains, then timing the market is important. But most people don't have time for day-trading and jstx specifically mentioned the last time they were looking at the price was multiple months ago, so they are probably looking for long-term investments, not to be glued in front of a screen all day watching the price.
- pskiba 5y agoYes and no, unless you have a magic ball its best to DCA. Maybe at best, you could do a modified DCA so that you're not buying Bitcoin when its at all time highs.
- missinfo 5y agoTime in the market beats timing the market.
- ur-whale 5y ago> It's very much about timing the market. I disagree with you there: a) it's *always* about timing the market, whatever the investment may be: because in the end, you die. b) on a wide enough moving average window (i.e. if your investment horizon is long term enough), and if you only look at the technical analysis pov (like many are wont to do) and ignore the politics/value conversations, BTCUSD feels like quite a reasonable bet to take. c) had you DCA'd Bitcoin - say $50 / month - since - say - 2013, you'd be sitting *very* pretty right now.