I've written countless blog posts on the topic of Dollar-Cost Averaging (DCA) and how I believe it to be one of the most valuable tools in the toolkit of any investor.
Being able to effectively DCA comes down to discipline.
You need to have the discipline to evaluate an asset. Consider it for a long period of time.
Buffett famously said "if you wouldn't hold it for 10 years, then don't hold it for 10 minutes" (paraphrasing).
Bitcoin is something I would gladly hold for 10 years and beyond.
Knowing this, I deployed a long-term Dollar-Cost Averaging strategy. This strategy has allowed me to accumulate a large quantity of Bitcoin.
While most people sat on the sidelines and waited for the Bear Market to end, I was actively working hard to increase my stake in an asset that I believed to have immense upward potential.
The Future is Now
We all waited for this bear market to end. It seems that Bitcoin cracking $30k is a moment that will spark the next bull run. Do we hit $100k on this cycle?
Some people are quite confident that we will. I hope we do. I feel that Bitcoin is so much more mature with every subsequent cycle.
What has happened is a great tightening.
A great capitulation in the holders of Bitcoin. We saw most people with weak hands get dumped out and now we're seeing them wiping their tears away.
How to Play The Market Today
Mr. Market always wins in the end. That doesn't mean we can't find a way to play the game.
I believe this to still be a good time to accumulate Bitcoin. Yes, the price has doubled since the $15k bottom. Does that change our conviction that BTC will be worth more than $30k 10 years from now?
In fact - if you had to guess what BTC would be worth 10 years from now, what would your guess be?
For me, I would say $100k is a given. I could see it surpassing the market cap of gold in 10 years. That puts us around $600k per BTC.
$600k Per Bitcoin
$600k per Bitcoin is one helluva pay day. If I'm right and we see that happen in the next 10 years, you would make a 20x return if you buy today.
BUT
Bitcoin can easily go down?
Yes, it can easily go down. That is why the name of the game is DCA.
If you DCA today and the price goes down in 3 weeks, then you keep DCA'ing.
When you find a long-term conviction asset, that is the simplest and most effective way to build stake.
Stay stronk out there frens. Things are heating up.
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