Vanessa Williams pfp
Vanessa Williams
@fridgebuzz.eth
So Bitcoin is going up and up and up and I don’t know whether I should buy now or wait for a dip. Because maybe there won’t be a dip? Or maybe there’s *always* a dip? I meant to do dollar cost averaging and just buy a little each month but start now or wait? (I already own a tiny amount.)
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tim/vortac pfp
tim/vortac
@vortac
Normally there’s no “wait” for a good entry point in a DCA strategy, you just start asap. You need a long timeframe for the positive effects to mitigate exactly the questions you raised. No financial advice, I’m not an analyst or anything.
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Vanessa Williams pfp
Vanessa Williams
@fridgebuzz.eth
You’re right. I should just pull the trigger. Start today and hope I earn a little extra spending money for my retirement.
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tim/vortac pfp
tim/vortac
@vortac
What Rick said is important though. If you do many small invests, fees add up and eat into your margins. So be sure to do some comparison for good offers.
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tim/vortac pfp
tim/vortac
@vortac
Personally I think 200-250K for Bitcoin and 10K-15K for ETH is absolutely possible for both assets in the next 2-5 years. You will have a race to new heights and def a massive crash again and then it will slowly build up again to a new medium level, we now had for a longer time. But this is all just speculation.
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