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Does anyone else DCA like me?

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[Edit: this is not Dollar cost average. I used the term loosely as slang as my method end up with small weekly buying of Bitcoin]

My rules:

Each week I check the balance.

Whatever the dollar high for my account is that week I add that much to bring it back to that.

E.g. Bitcoin lost 10% that week, i add in 10%

Bitcoin gained 10% that week, I put aside some cash in normal savings to buy the next dip.

Recap: Never sell bitcoin. Only buy, to top up the dollar value to its highest level. Obviously if there is a sudden 80% drop and I've got a lot in bitcoin that's going to be an issue. But generally it provides a fun game.

[Edit] Short worked examples: you buy $200 this week (and your first time) That's your float. You have $200 worth of Bitcoin.

Next week you check ... Bitcoin up... Stick $20 under a mattress. Nice one.

Next week check... Bitcoin down... The highest point that your account reached that week was $220! But it's now $190... So you add $30 this week to make it $220 again.

Repeat.

Always topping it up to its highest weekly dollar value each week.

submitted by /u/edislucky
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