• explodicle
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    7 months ago

    I recognize that most of the time, the market isn’t soaring like this. The average user, most of the time, has lost money. The tried-and-true method of becoming a winner with this instability is to “Dollar Cost Average” over long time periods. Nobody who has DCA’ed for more than a few years has lost out; it’s trying to time the market that tempts and screws beginners.

    As one dev put it - Bitcoin isn’t a “get rich quick” scheme, it’s a “don’t get poor slowly” scheme.