It is fashionable in bitcoin circles these days to join the DCA army: to dollar-cost average your savings into bitcoin. If you put away a little bit at a time, even trifling amounts like $1, $5, or $10 a day, you can grow your stash into very impressive fortunes. It makes for a smoother journey, and it overcomes the psychological barrier of buying at (what until two minutes ago seemed like) very high prices.

DCAing is an investment strategy that bitcoiners inherited from the world of traditional finance – and it’s completely wrong.



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