Anything that takes Bitcoin below $20k again will make a lot of people, including me, buy aggressively. That will be a major giveaway because any positive news will lead to immediate profits even before the much anticipated bull market.
I don't see that happening though but then, we always keep open mind as either way is good for me... the beauty of DCA.
I am not sure what to make about these theories about backing up the truck - since a lot of bitcoin believers will already be buying BTC all the way down from $30k, so there can be questions about how much money many of the true bitcoin believers are going to have left if the BTC price were to drop below $20k again.
Actually, I am not left behind in Bitcoin accumulation since I started applying DCA. I might not be buying with large capital but at least I am building without minding the price. I got a decent proportion of my orders filled around $25,600 and I still orders lower. Remember in one of my comment, I told
made some gains applying DCA instead of my former pattern of buying at market price whenever I have fund available for buying.
So even in your case Odohu, are you holding back? You have money in reserves in which you are going to back up the truck and start buying BTC like a mad man at certain price points? Take a mortgage out on your house, your wife and kids? There is ONLY so much money that anyone can get access to, especially if the price were to fall fast and then how would you be getting liquitity so quickly from other assets when BTC may well be the most liquid thing that you are holding.
If Bitcoin ever go below $20k, I will adjust my orders and be more aggressive. Also, I will immediately suspend other personal needs and use the funds to secure more Bitcoin. I know this might not be the pattern a lot of people will employ but there is nothing wrong with making some sacrifices for the greater good.
Not that I have money in reserve but under certain conditions, one will go the extra mile to achieve a target. I did not start building my portfolio early and I am not happy I did not have a reasonable stash of Bitcoin now. So, I will not want to miss any opportunity the market offer me to gain more Bitcoin. The decision may be aggressive and rash but it is worth taking. This may not sit well with those who already have a system and pattern of buying. This does not also mean I am not following my current DCA too. I can just call it plan B. Hope this make sense a little?