Dollar cost avraging or buy bitcoin in one lump sum? Which is better? Most investor that are new to bitcoin and investing aren't familiar with the term dollar cost average. In this video, Haas McCook breaks down why he believes the dollar-cost averaging strategy is the most effective way to acquire bitcoin. 

Currently, the price has been trading sideways between $30k to $40k for the last three months. During this time you've heard moon boys calling for $100k by "the end of each and every month" and the bearish of bears calling for sub $25k. 

So who is right?

The answer is nobody REALLY knows. 

This makes it extremely difficult to time your purchases in bitcoin. 

Dollar-cost averaging is taking a lump sum of money and dividing it up over a set period of time.

DCA is an effective way to acquire bitcoin while taking the emotion out of it and is one of the reasons Haas McCook is so passionate about it. 

Haas has run the numbers and if 70 million bitcoiners were to purchase $10 of bitcoin a day we would quickly see an $800,000 bitcon. Fast forward to the next halvning cycle in 2024 when the daily supply is cut from 900 bitcoin to 450 bitcoin. This would put the price of bitcoin at $1,600,000 per bitcoin. 

To hit these numbers a strong price floor needs to be established and dollar cost averaging is the best way to do it.. 


⏰ Time Stamps

00:00 Introduction
00: 45 Dollar Cost Averaging 
03:20 Lump Sum vs DCA
06:00 Buy $10 of BTC Daily
08:45 $1.6 MM per bitcoin
13:15 Haas' DCA Journey
19:15 Matthew's DCA Strategy
21:30 Stacking Stackers
25:00 Starting In Bitcoin
30:00 Withdrawing Bitcoin
33:00 Storing Bitcoin
39:10 First Bitcoin TouchPoint
43:00 Developing Conviction
45:20 On Chain Analysis 
48:30 Next 5 Years of Bitcoin

#DCA #bitcoin 

▶︎  Start Your Dollar Cost Averaging Strategy with Swan Bitcoin. Sign Up Today and Get $10 of Bitcoin for Free:  https://bit.ly/3ChkKdT

▶︎ Hass McCooks DCA article: https://bit.ly/3rWGOFX

▶︎ Hass McCook's Twitter: https://bit.ly/3rXkFqU


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DISCLAIMER:

Everything expressed here is my opinion and not official investment advice - please do your own research before risking your own money. Matthew Baltzell is not providing you individually tailored investment advice. Nor is Matthew Baltzell registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Matthew Baltzell is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.  

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