2021 was probably an anomaly since the fall of FTX and other scams put a dent in the bull market rise. I believe you. Idk what BCA means but I will likely be pausing my DCA when the price is >$200k. Maybe I’ll make a few purchases with my stack as well.
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DCA = Dollar Cost Average (Out of Dollars)
BCA = Bitcoin Cost Average (Out of Bitcoin)
If what we want is a stable unit of account to facilitate true global adoption, then we need to work to reduce the highs and raise the lows of each cycle as those cause fear and suffering. I believe the cost to mine is the anchor on the market price so helping move the market price closer to the mining cost, most effective when it significantly deviates during the cycles, is my goal to achieve that stability.
I do not consider this trading Bitcoin even though it might be seen that way. To me it helping accelerate adoption of the best money ever created, while helping to accelerate the downfall of the FIAT system.
Also, FTX was a contributor but I believe the China ban on mining is what took the steam out of the market mid cycle. This is what caused the double peak and the much lower than expected top.
The mining cost being the anchor on the price, with mining hashrate nearly cutting in half the support for greater than $100k within the cycle was lost.

