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September 5, 2024 · 1h 58m

The Best Way to Save in Bitcoin - Wicked Smart Bitcoin (Bitcoin Talk on THE Bitcoin Podcast)

“Coming out of a bear market, everyone who's been daily DCAing, everyone who's just been using Bitcoin as their savings and they save regularly, when they're all in the green, I think that that is a signal. That's a signal that the bull market's starting again .”

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1 This is the power of DCA is obviously if you buy everything at the very bottom, 2 you're going to do better, but it's really hard to time markets, especially Bitcoin markets.

3 And so for someone who's entering in and they're not really sure what to do, and they feel like 4 they don't want to buy the top, they might not be able to time the bottom.

A DCA is a sure way to 5 make sure that even if you are underwater for a little while, your cost basis will get lowered, 6 and then you'll get in the green very quickly as we're coming out of bear markets.

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This is the power of DCA is obviously if you buy everything at the very bottom,

you're going to do better, but it's really hard to time markets, especially Bitcoin markets.

And so for someone who's entering in and they're not really sure what to do, and they feel like

they don't want to buy the top, they might not be able to time the bottom. A DCA is a sure way to

make sure that even if you are underwater for a little while, your cost basis will get lowered,

and then you'll get in the green very quickly as we're coming out of bear markets. And by the way,

I think that when this happens, right at this moment, when we kind of, for the first time,

coming out of a bear market, everyone who's been daily DCA, right, everyone who's just been using

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“Coming out of a bear market, everyone who's been daily DCAing, everyone who's just been using Bitcoin as their savings and they save regularly, when they're all in the green, I think that that is a signal. That's a signal that the bull market's starting again .”

On this Bitcoin Talk episode of THE Bitcoin Podcast , Walker Wicked Smart Bitcoin Bitcoin data visualization, about HODL waves, why dollar cost averaging is the best way to save in Bitcoin, bull market signals, bitcoin mining and hashrate, bitcoin vs fiat technology, the importance of UTXO management, and a whole lot more.

Wicked's Links:

X: https://x.com/w_s_bitcoin

Nostr: https://primal.net/p/npub14uhkst639zvc2trx2nlsvk4yqkjp690zk89keytnzgmq2az0qmnq58ez89

YouTube: https://www.youtube.com/@wickedsmartbitcoin

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