Hello! I'd like to seize this moment to offer my insights on the Dollar-Cost Averaging (DCA) strategy, aiming to clarify its concept and its intended purpose for those who may still find it unclear.
However, it's important to note that DCA may not always work in your favor. In some situations, it could increase your average cost, especially during a bull run. Nevertheless, the purpose of DCA is to spread your investments incrementally, which can be advantageous in the long run. It provides a balanced approach to accumulating assets, ensuring you still acquire your desired cryptocurrency. I hope this explanation sheds light on the essence of DCA.
hmm, what if I'm in the same situation what would I do? I would choose to do my investment using the DCA'ing technique as you also this is the best approach where we can have the best way to get more profit and when we look at our portfolio or calculate our "PNL" it probably shows us the profit.
DCA'ing is not always about just buying at dips somehow we wish to buy in the dip but this approach doesn't represent buying only dips at all. well, what would I say about DCA'ing I would say if the person has his cash flow he should accumulate BTC using the DCA technique like S/he must invest 10$ to100$ each week according to his/her money he/she has.
Many people might not agree with my opinion which is, that we should not do DCA in a bull run instead the best time is the one when the accumulation phase starts. And accumulation phase starts after the bull run. In that phase, we should do DCA as much as we can and also buy on dips and keep in mind that we should keep some funds in emergency too. I prefer not to do DCA in Bull Run because in Bull Run I prefer to book the profit that I have made while the accumulation of it. I hope you will understand my point.
Hmm I agree, accumulation of BTC is not always about buying just dips most probably when are doing DCA. What do I think the person who has the best potential for his cash flow s/he is earning the best amount weekly. S/he need not to worry about his emergency funds. In case, S/he needs some money they would not withdraw their BTC as emergency funds because they have the potential of cash flow from which they will be able to fulfill their desire So, At the end of the day they would be able to register their planned goal of having a good profit and their way to accumulation of BTC will stay as it is.