Recently went through a major reset financially. Got laid off and had to make a choice, decided to sell my home which was in a place I was sick of, which needed repairs. Started paying down debts faster. Also started saving up for a down payment for a modest home later on. So I am being very cautious and trying to prioritize the right things.
But for now I have been keeping up with my DCA as well with extra cash I have on hand from work, or selling items I no longer need. I am currently somewhat in BTC and alts, but am awaiting a better entry for BTC. For a while I thought I was too late for BTC. In 2018 I lost a bunch on the ICO craze because of lack of research. I decided I would try one more time with crypto, specifically BTC and a bit of alts.
I'm not looking to go too crazy into BTC right off the bat. My primary lump sum entry might be around .1 - but what I'm wondering is, would it be a crazy plan to just do this, continue DCA and lump sum or DCA back out during peak years? I figured I can keep a rolling BTC fund in BTC/cash and keep up with the cycles. Though many say the cycles are done for.
My idea was to basically treat BTC as upside through this method and keep this up until perhaps I can retire early, through following the TA on where we are in the cycles, perhaps for the next ten years or so. I have a fairly modest income and I don't spend on frivolous things. Only necessities, improving my credit and investing.
If I get into another home, I don't want to be like a lot of people are in the sense of treating their home as their retirement nest egg. I would like to get a home I can afford easily and pay off faster than normal. As well as grow actual investments not based on a utility such as housing. I see BTC as part of a diversified portfolio that I think I should have instead of putting everything into a home. That way I don't have to work until I am 60, 70, 80.
But, I am a single person without kids so it's possible my priorities are a bit unique. I would like to hear ideas or feedback :-) thank you
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