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 nowThe price of Bitcoin has been moving forward positively in the last few months and those who have invested in Bitcoin following the DCA method in the last few months are now seeing a clear return on their investment. The market is slowly moving upwards and we are gradually buying bitcoins according to the DCA method considering the market.
I have purchased bitcoins in several steps according to my DCA method until the price of bitcoins is 40 thousand dollars and I am thinking of investing in several more steps. I don't think it would be a wrong decision for me if I invest some more money in Bitcoin according to the current market. Assuming now that I invest in Bitcoin the market has gone down a bit but if I compare this period with when I invested when Bitcoin was worth twenty thousand dollars, I will not have a loss but a profit. And this is the positive aspect of investing in DCA method.
As a bitcoin investor I believe bitcoin price will touch $50000 soon and then one hundred thousand dollars later. Even if the price of bitcoin reaches fifty thousand dollars I will invest according to DCA method at that time and if the price of bitcoin reaches the highest level then I will invest according to DCA method and this strategy of investing is right for me.
As our objective is to hold our investment for a long time, buying bitcoin in stages is a good decision for us and we will continue to do so. If you keep money in the bank, the bank will return you that amount at the end of the specified period, although they will take some additional charges from you, but if you invest in Bitcoin for a long time, that investment can return you several times more money in the future. So invest yourself without depositing unnecessary money in the bank and keep investing consistently and keep your investment for a long time.