Cryptocurrency is currently collapsing. And the total crypto market cap is now less than $1 trillion.
The market is red, and every cryptocurrency is crashing. Is it better to wait for a further drop in Bitcoin and Ethereum, or would DCA be better?
What will happen next?
How long do you think the market will take to recover?
Honestly, no one knows how long this market will stay bearish and if it recovers, i do think that it's not going to happen easily. However, isn't this the perfect moment we are waiting to happen? Bitcoin and ethereum are now very cheap, including those potential altcoins that could also be profitable in the future. So never wait for further price drops, doing DCA with bitcoin will be more useful as it increases the volume of bitcoin in your portfolio. Buy some altcoins too if you wish, but prioritize on accumulating more bitcoin.