A few months back I got called an idiot for aggressively DCAing by a guy who had pulled all his money out and was waiting for the 10K leg down

At the time I tried to explain to him that neither of us could predict the price movement, but that by buying at regular intervals I was guaranteed eventual exposure to the bottom, and that by waiting on the sidelines with no capital deployed he would inevitably miss it. His certainty along with most people that we were guaranteed to see 10K felt like an assurance that we wouldn't. When we didn't go there after FTX I wasn't really sure how much bad news it was going to take for the guaranteed leg down to materialise.

He also told me that if the market turned around he'd just deploy all his capital when it became obvious a bull run was starting. I look forward to finding out if he's done that, if he has we're probably all fucking doomed. I pointed out to him that what he was describing was literally just fomo, but he wouldn't hear it.

Anyway, my fellow DCA buddies, I hope you're enjoying your 40% return on buys you made while most people were waiting for 10K, I'll continue DCAing patiently until Q4 2021 when we make it to 100K.