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 .
Well I guess if I'm not mistaken Bitcoin is still volatile and predicting it just like that
mightnot work 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 nowThat is if the person can continue to hold the bitcoin even though the price is still below the purchase price. Most people will panic and sell their bitcoins quickly, even if they bear the loss. Not many people can continue to hold their bitcoin in a loss condition.
By using the DCA method, you can increase the number of bitcoins at many prices so that it will reduce your average buying price. And your purchase price is no longer at $69k but could be even lower so if he can continue investing in bitcoin at the low price, that would benefit him.