142 upvotes, 3 direct replies (showing 3)
View submission: Don't invest recklessly
Avoid panic buys and panic sells. Dollar-cost-averaging over a long period of time is often a good strategy.
This shit is extremely underrated.
Comment by awc1985 at 30/11/2017 at 07:52 UTC
29 upvotes, 2 direct replies
So should I still buy at 10k?
Comment by RedditTooAddictive at 30/11/2017 at 06:57 UTC
13 upvotes, 0 direct replies
Absolutely, if I were more patient my average cost could have been lowered by at least 20%
Comment by evolutionape at 08/12/2017 at 11:19 UTC*
2 upvotes, 0 direct replies
I’d have more BTC in my portfolio if I did dollar cost averaging. Instead, I’ve kept giving into thoughts like...”Well...it’s a bit high now. I should wait until it drops a bit before buying.”
The result?
I put off buying and end up watching the price continue to rise.
DCA really is the way to go for long-term growth. And the “buy low, sell high” mindset can get in the way of that if one isn’t careful.
This is a good reminder.