Quote from: promise444c5 on Today at 07:41:05 AM

Quote from: Publictalk792 on Today at 04:33:57 AM

But the thing is that if anyone is DCAing with time to time so this strategy will recover the mistakes which he/s made at the time of FOMO. If anyone invested on the top when Bitcoin was at $69000. And still DCAing so I am sure that he has recovered almost 80% to 90% loss and if he will hold and continue the strategy so he/s will be in profit when Bitcoin will cross ATH again.

Alright I think I get your point here,you mean if anyone trys to DCA when the Bitcoin reaches $69k he/she could recover profits when the next ATH comes.

If you are ONLY buying BTC after buying at the ATH, then it is guaranteed that you will be in profits when the next ATH comes (if it comes).

Quote from: promise444c5 on Today at 07:41:05 AM

Well I guess if I'm not mistaken Bitcoin is still volatile and predicting it just like that mightnot work

It is not guaranteed that a person will ONLY buy and it is not guaranteed that an ATH will come again... yeah, if someone screws around with buying and selling or otherwise engaging in gambling or leverage then he could well end up raising his costs per BTC rather than lowering them. Lower costs per BTC is guaranteed to happen as long as you are buying below your average costs per BTC, yet at the same time, sometimes people are sloppy in their ways of keeping track of these kinds of matters including keeping track of the costs and quantities of their buys, and if they end up trading then they can really end up screwing up their accounting - especially if they might already be engaging in sloppy accounting practices.

Quote from: promise444c5 on Today at 07:41:05 AM

as we could be expecting something else by then but Bitcoin is not just any type of coin and not too volatile,there's still a chance for DCA maybe but the future will determine.Thus, you wanna consider DCA then start now

That sounds correct in regards to the best time to get involved in bitcoin was yesterday, and since you cannot go back in time, then the second best time would be to get involved today. In other words, gets started as soon as possible and make some kind of a plan and start to follow the plan and then tweak the plan along the way as you are learning more about your own financial/psychological circumstances (including accounting for the 9 factors that I mentioned in this post) in order to employ a personally tailored approach.

Quote from: Miles2006 on Today at 10:28:24 AM

Quote from: Publictalk792 on Today at 04:33:57 AM

[edited out]

The fear of missing out has cause a lot of investors to regret, I will say this act is commonly done by new comers who doesn't know anything about the market but due to the hype alot of them decide to buy with huge sum and end up with high expectations from the market, concerning the hype what will make a newbie to follow the hype they have heard something about bitcoin before they made such decision, the hype about bitcoin is just too much and anyone who can't control their emotions they should just stay out from investing.
Investors who find themself in this circumstances some can't even wait for 2_3 years before the next ATH that's why they choose to follow the hype, when it comes to FOMO this kind investment choice is never right not only bitcoin investment other investment too, for example a newbie who doesn't know how the market works how can that person make a proper investment. I will go with the opinion to continue using the DCA strategy not minding the hype cause during this season a lot of investors take high risk spending more.

Ways to control your emotions is by establishing techniques that deal with moderating and managing position size. I don't see any reason that anyone should stay out of bitcoin, and in fact everyone should get into bitcoin by at least getting off zero, so even if that is only a 1% allocation or something modest. So getting out and staying out, does not seem to be the solution for most people, and of course, if a person does not have any discretionary income, then he is not able to invest into bitcoin or anything else, so there are needs to sort out a persons discretionary income in order to make sure that he is able to invest and that he is not going to need the money.. which again brings us back to moderating emotions by moderating and managing position size, which is not necessarily zero..and actually probably should not be considered to be zero..