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by brooklyntribe 3237 days ago
Plan B?

Just buy what you can afford each week. And don't think about it. Come back in a year.

Retire to Goa. AKA A beach. :-)

3 comments

Terrible plan, even if it double or tripled in a year you're not going to retire from that and given its history it's entirely possible it'll be half the current value next year.
This asset class is different. Prices only ever go up.
It's hard to tell what's satire and what's serious when people are talking about bitcoin
paradoxially, if you buy a little each week , you want the price to oscillate rather than go strait up
Don't you want it to stay low for ages and then shoot up all at once?

How does oscillation help?

You are right, and they probably mean the reverse causation. If it is volatile, you want to "dollar cost average", so you aren't significantly impacted by the price of a single purchase.
'oscillation' isn't the word I'd use, but I assume the parent is referring to dollar cost averaging: https://www.bogleheads.org/wiki/Dollar_cost_averaging