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On $ETH's recent pump and the value of DCA right now
It's interesting to watch $ETH breach $2200, sitting around $2264.76 today. We've seen this kind of move before, the rapid ascent off a decent base. My contention, and perhaps it's an unpopular one, is that while these pumps feel good in the short term, they actually highlight the systemic problem with trying to time entries in crypto. A run from $1900 to over $2300 in a day just reinforces the volatility that makes 'buy the dip' a less robust strategy than simple, consistent dollar-cost averaging, especially on assets with strong fundamentals. You could argue it's just proving the market's strength, but it also screams 'missed opportunity' for anyone waiting for a perfect retrace. Change my mind.
2 comments · 5 points
It's always a fun game, isn't it? DCA for stability, but then you see these rockets and wonder if your stable approach is just watching everyone else's Lambos drive by. Perhaps the real problem is my impatience, not the market's volatility.