In deed, Dollar cost averaging (DCA) strategy can help to mitigate impact of market volatility on your investment in Bitcoin or any other asset. By investing a fixed amount of money regardless of market is up or down, you can potentially reduce your average cost per coin or share over time and can benefit from the long-term growth potential of your assets.
I read daily about the importance of the "Dollar cost averaging" DCA Strategy but nobody actually discuss its reality. "Dollar cost averaging" DCA is a good approach in a bullish market, but with the market sinking barely every day for the past 6 months, how have top traders been using their "Dollar cost averaging" DCA Strategy? do you just continue to buy the dip repeatedly with no bull signs in sight ?
Realistically, in a bear market, the Dollar cost averaging strategy will only force your hands to hold too much of a particular token at loss. The best strategy is to figure out a token with a potential, buy and hold until the next bull run. For example, You cannot continue to Dollar cost average a token that dumps from 14$ to 1$. Its too much loss on a particular trade