Should I buy 50k worth of Bitcoin now or DCA
Title said it. if I have 50k right now as part of my savings, should I just buy 50k worth of bitcoin right now and start DCAing and hold for the next say 5 or 10 years should I start to DCA now and wait for the moment Bitcoin drops below 100k to buy a large chunk? Either way I am planning to hold for 5 to 10 years. Right now I have 0 bitcoin What are your thoughts and can you give me your reasoning to back it up? Thanks! submitted by /u/Dry-Ad1288 [link] [comments]
Title said it. if I have 50k right now as part of my savings, should I just buy 50k worth of bitcoin right now and start DCAing and hold for the next say 5 or 10 years should I start to DCA now and wait for the moment Bitcoin drops below 100k to buy a large chunk? Either way I am planning to hold for 5 to 10 years. Right now I have 0 bitcoin
What are your thoughts and can you give me your reasoning to back it up? Thanks!
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