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?
The recovery of the market is far fetched for now. Bitcoin price still dwelling around $20k-$21k and if it stays that way, the bearish market will eventually continue. However, this is not a time to stay remained at your position and do nothing. While the crypto prices continue to crash, then it’s better to start doing DCA right now. The fact that we can’t predict the bottom of this season, then it’s best to always take advantage on the current low prices and buy more bitcoin and ethereum that will be our biggest assets in our portfolio.