Quote from: taufik123 on December 12, 2022, 03:40:45 AM

Quote from: Sayeds56 on December 11, 2022, 12:48:38 AM

-snip- but it is equally important to make buying only on major dips (I think 20% dip is good opportunity) because if we continue buying on every small dip, then obviously we will run out of funds quickly and miss out big buying opportunities. Hence, DCA strategy should be used wisely and with patience in bear market because we never know where the bottom is.

Buying on large dips is also recommended, but that also requires analysis to determine how deep the price will fall. If DCA is combined with good analysis, it will result in the right buy on any dips. But if a beginner doesn't really understand analysis, buying continuously for a certain time is also not wrong.

The most important thing is the main target price to be achieved, hold and stick to the main goal, and it will be more profitable.

Probably the biggest problem newbies have with DCA is that it is a strategy that requires a long term commitment before you see any profits, and patience is not something that is cultivated and promoted on the young people anymore, since everyone wants everything now and if they do not get it they get mad about it, however for the few which can execute the DCA strategy then the profits will be huge once the bull market comes, and the best part is that as you practice this strategy and the months pass then the easier it becomes, so if you can maintain this for years and we pair this with the natural growth of bitcoin over the years the results you will get will be far better than any profits you can get in other markets.