A good strategy is to buy when it's cheap and sell when it's expensive...It sounds so simple but why but why are 80% of investors in the red?
This seems so easy but lots of investors still fail for some reasons. Some of them buy while the price is still high because of the fear of missing out. They believe that the coin would continue to strike high and they could still take a huge profit from it while others sell when the price drops because of the fear of losing everything they have. Crypto investment is too challenging and the volatility of the market will test you so you better have strong hands to face all your fears.
FOMO is always there of the unpredictable in the market, low for days and high all suddenly. Many instances like this only reinforce newbies into more FOMO. That's why you DCA no matter what. Whether you're a newbie or not, DCA is the only way to make sure if you made a wrong call, your loss should be minimum. Help you from missing out on the real chance to high too.