Crossposted from https://lemmy.ml/post/48918911

The irritating DCA thing is just a manipulation from bankers , stimulating the worst possible gamblers mistake - chasing losses. DCA claims it averages cost of participation, but that is a pure fallacy: these are independent events and probability of winning does not increasing with each “entry” even a cheaper one. What bankers are proposing to you is that you play again to cover previous losses. But the next play has the same probability to losing as the first one .

  • CinnasVerses@awful.systems
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    23 days ago

    I have no idea what dollar-cost averaging means to bitcoiners so I asked for an explanation. I think bitcoiners should read finance textbooks too.