FOMP
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Posted Nov 11, 2021, 7:34 AM UTC
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Posted Nov 11, 2021, 7:34 AM UTC
I feel like I should put more, but currently I don’t have any fiat to spare
That's why most of us DCA in - a handy DCA calculator.
Will that amount be a life changing in the future?
We don't see the future but you can always check the past - CoinGecko. Imagine you put $5k into Bitcoin X years ago and find how many coins you would have.
Unfortunately, the only way to see the future, is to wait. To past that time, learning about Bitcoin might be pretty productive. And awesome book for the starters - The Bitcoin Standard.
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Lets say you invested $5k. If BTC goes 10x then you have $50k. That's 650k a coin. The market cap will be over 10 Trillion and might take a few cycles. The market cap of gold atm is 11 Trillion. I'll assume 50k won't be life changing. You might need a lot of time for it to be life changing.
You'd need to look at altcoins. They are riskier, there are safer high cap coins to mid cap and all the way to very low cap ones. Obviously the risk gets higher.
I'm not saying invest in these coins as they've all pumped already but these are the kinds of gains you need to make: https://coinmarketcap.com/alexandria/article/top-10-highest-gainers-which-coins-have-gained-the-most
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None of us knows the perfect time to invest or can predict the price . The intelligentsia of the market is the combined knowledge of all humans and algorithms which is more than knowledge than anyone can have. Also bitcoin is so scarce that a single wealthy investor can significantly move the market in secret and unannounced. Rather than trying to time the market , let time work for you.
In a bull market it might be wise to make DCA investments with market order buys + place in limit order buys to auto pickup the dips if you don't have the capital up front , otherwise lump sum buying will typically outperform DCA.
Time in the market will tend to beat timing the market
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