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If you buy crypto manually, to what extent do you time the market?

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by COINS NEWS 147 Views

The conventional logic is to automate your DCA so that money is deducted from your pay cheque every month and used to buy Bitcoin. But I have since learnt that some of us like to DCA on a weekly or even daily basis. We think that manual purchase is more bang for our bucks than autoinvest feature from Binance. We tend to buy on Mondays - maybe because it’s the start of the work week and we want to do something empowering that will help us defeat the Monday blues.

My question for you if you choose to buy manually: to what extent do you time the market when you make your purchase? Do you look at the 15 min chart and make sure that the crab is trending on the way up before you go in for your purchase? Or do you keep it mentally simple and just buy your BTC at a specific time of the day - because life doesn’t permit you to examine the charts?

submitted by /u/cryotosensei
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