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Patrick Karim: Bitcoin advocates criticized for encouraging relentless dollar cost averaging
Patrick Karim, technical analyst at Technical Traders Ltd, critiques Bitcoin advocates who appear to never mention selling as an option, instead urging continuous dollar cost averaging.
Karim questions whether this strategy was necessary, implying that followers may have been led into buying without proper caution or alternative perspectives.
Karim has offered cautious perspectives on other markets in recent commentary. He noted that copper is not yet outperforming stocks, suggesting that a bull era for copper has not begun. In gold, Karim argued that movement toward $14,000 would require a key market resolution and advised patience.
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