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?
Maybe waiting for further declines is the right choice when we are in a bear market like now and we do not rule out the possibility that the market will continue to fall due to the panic and fear that the market experiences during the bearish season, waiting for the market to recover I think we need a little longer and maybe we will see that happen when the next bitcoin halving occurs because at the time of the bitcoin halving usually the market will experience a significant price increase and will make all the coins on the market experience a higher price increase.
The market is in a bear situation which means we don't know the bottom of the current situation, DCA will be better if we are uncertain when the bottom is but don't ever DCA without any research. For example, there are a lot of hacked platforms lately and in some cases that make few projects in a dire situation, if there's still a lot of FUD out there use a little money to DCA, and when the situation got better use more money to DCA.