Are you a purist or opportunist when it comes to BTC DCA?
Bitcoin has been good to us this week, crabbing at $22-23k. Firm believers of Bitcoin might have been oblivious to its price increase, but for others whose resolute is not as strong, you might have heaved a sigh of relief that your faith in Bitcoin is warranted.
Nevertheless, there seems to be a consensus that this pump is short-lived and most likely won’t last. Reasons range from the upcoming FED meeting on February 1st to Bitcoin’s recovery from FTX, but one thing’s for sure. What we are experiencing now is a bull trap.
Given that a dump seems to be inevitable, are you making any adjustments to your DCA plan? Purists will choose to DCA as per usual as they have automated their payments and mental headspace. They just faithfully Don’t Care Anymore into BTC and don’t want to cloud their minds with market developments. Opportunists may, however, choose to build up a war chest so that they can buy more sats more frequently when the dip happens. Some may even shift their DCA dates so as to benefit from a lower than their usual price.
What are your plans going forward? Are you a purist or opportunist?
originally posted on r/cryptocurrency
