What do you think of this bitcoin accumulation strategy?

When price is above 50-week average, do nothing.

When price is between 50- and 100-week averages, use a simple DCA approach buying every two weeks.

When price is between 100- and 200-week averages, aggressively accumulate and shift overall portfolio allocation to more bitcoin.

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I do this, but with Etherium

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50 week average is a little strict don't you think? What if Bitcoin doesn't fall below it aftee this year? Especially if the parabolic moves are less and less frequent

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Thats certainly some good odds, although my only caveat is diminishing returns. At 0.8T, it gets harder and harder to make Bitcoin jump 100% in the span of a few weeks. So, only reason why I said parabolic moves may become more infrequent.

But it sounds like you got a solid strategy, so keep on keepin on!

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Seems like the only thing you do is buy more

I have sold a trade once near an all time high. I made a profit and it worked out that one time. But not wanting to get into that habit of thinking I can time it with precision again. Longterm HODL is making more sense to me, and trying to put together more of an algorithmic accumulation strategy.

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What number are those averages you mentioned for Eth and Bit?

Simple average of the price for the past x number of weeks

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Quite a newbie, everyone around here seems experienced - what should I buy short term & long term to take advantage of the dip?

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Lot of fear in the market right now (understandably so). The situation in Ukraine is awful and the potential consequences are scary to think about.

There are some who want to sell in fear of their investments falling further. Do not do this. Hold and continue to buy more. Continue your 401k contributions, and add whatever you can afford after every paycheck into your brokerage. Those who sold the covid crash were often late buying back in.

This is the dip you're worried about.

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