I may reach my Bitcoin goal very soon all thanks to majorly the Dollar Cost Averaging strategy. I have been investing some specific amount into Bitcoin every month since the past couple of years. I have been at least 80% consistent in doing that through the dips and the funds and the bears and the pumps. The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?
Congratulations on reaching one of your goals in investing in Bitcoin. However, I am not yet in a position to reach my goal with Bitcoin because I have set long-term goals. Maybe many people can set a small goal in investing in Bitcoin but depending on the situation, the goal must be met.
There is no better strategy than DCA to protect against the risk of high volatility in Bitcoin investing. It essentially reduces an investor's risk as well as plays an important role in his long-term holdings. Naturally without DCA a Bitcoin investor cannot easily reach his goals.