Quote from: Litzki1990 on Today at 06:20:23 PM

Quote from: jcojci on Today at 04:30:43 PM

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 .

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 now

That 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.

Not all investors sell their investments at a loss, but those who have a pre-planned investment hold their investments even in bad times. When the Bitcoin market moved above $60,000 and those who bought Bitcoin at that time and who have held onto that investment until now are real patient investors. Patience is a very necessary aspect of a human being. He who has no patience loses everything. I got real proof of how important patience is for a man.

It means that those people who bought above $60k price bought because they were ready to invest in bitcoin as that was the right time for them. They also have the mindset to hodli for long and they didn't buy because they are after short term profit. This is the reason why they are still hodli their investment till now and some of them are even increasing their bitcoin portfolio because they understand the that the long term goal is superior.

I also see people that are new into bitcoin who have only little in their bitcoin portfolio, that feels because the price of bitcoin is pumping and for that reason they are over investing aggressively because they want to have enough bitcoin during the bull run as investors that plans to sell in a short-term which is why they are acting that way and if bitcoin price didn't turn out as they expected, they will be disappointed. It is better since you just got started to focus on buying regular with your DCA amount that would be at ease to you since you are on a long term bitcoin accumulation journey because slow and steady will help you plan different strategies which you will be able to use to buy at different market level and there will be funds available at all time to continue increasing your bitcoin portfolio. The longer you invest, the best. Short term investment will only rip off your future profit.