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DOLLAR COST AVERAGING ON STEROIDS . . . Plus a revolutionary way of looking at charts!
Sorry about the poor quality live stream YouTube video . . . but at least we did one. . . and things should get nothing but better.
I am regularly asked “Is now the time to dollar cost average?” or “Should I wait until the market breaks below $3,000?” or “Would it be better to use a weekly time frame rather than a monthly time frame?”
Look, it is fine to be an analyst . . . but don’t be an anal list!
The regularly published dollar cost averaging chart deliberately assumes the very worst timing! So so long as you started anytime after December 2017 you are outperforming the guide!
I regularly recommend an initial purchase of 5% of net worth with a follow up dollar cost averaging program up to 15% of net worth.
Another way to look at it is like this. . . . if you are new to bitcoin and just entering the market . . . the initial purchase should be the amount from the last peak in December 2017. . . . so that means if you enter the market today . . . you make an initial purchase of $8,000 or 1.6 bitcoin . . . and then start a $500.00 per month purchase plan.
By entering the market in this way you have improved the results of the published guide. By an initial lump some…
