Quote: (12-13-2017 12:33 AM)randomA Wrote:
Is there any sense to start DACing and enter the game now?
Part of the rationale behind Dollar cost average investing is that you are not trying to guess the short term price of the asset (btc in this case); however, you assume that in the long run (whether that is 1 year, 5 years or 10 years) that the asset that you are investing in is going to be worth more, and that by dollar cost averaging into it, even if the price goes down in the short term, your continued dollar cost averaging into it is going to bring down your average price per bitcoin, and therefore when the price finally does go back up (assuming that it will and assuming that in the long term it is a good investment), then you are more likely to be in the black at that point, and potentially with decent profits because you are investing small amounts over a longer period of time, and building up your accumulated amount of BTC without attempting to predict short term price movements.
So in other words, "go for it", like sam said.