~Snip
Now those who continue to apply the DCA strategy and do Buy the DIP, and HODL have felt the benefits quite clearly because Bitcoin has exceeded the price of $45K even though it has now returned to $42K with slow movement. But I am also quite sure that the price movement to $45K is still quite open for Bitcoin because this year is still a pretty good year for Bitcoin and its holders.
If I invest for the long term I will never care about the price of Bitcoin. That's why don't worry I am investing by following DCA method regularly, since it will be a long term investment so it will not depend on where the market will go. Only I will make sure that I continue my investment in DCA method. If I think about the benefits then surely greed will work inside me, and because of greed I may decide to sell my bitcoins, but the decision to sell bitcoins will be wrong. So I will never accept such a plan.
I will invest my bitcoin for long term and that is in DCA method.
I agree with you, friend. A bitcoin investor who truly invests in the long term and uses the DCA technique in his purchases, does not need to think about the current market price of bitcoin. Because if you think deeper, when bitcoin investors do DCA, it seems as if they are continuing towards a predetermined goal. Therefore, to achieve this goal successfully, it means that bitcoin investors (who carry out DCA) must not stop or be influenced by anything in the process of their journey. Because if a bitcoin investor stops or is affected by it, he will definitely fail and have to start again from zero on his journey (DCA).
And the influence I mean here is the bitcoin market price which is currently experiencing an increase.
But to be honest, fighting this influence is not easy. Because I have the assumption that most bitcoin investors basically have the goal of seeking profits as quickly as possible. Meaning, "when there is an opportunity to make a profit, why delay or pass it up?" Therefore, when the bullish market ends/subsides, usually the price of bitcoin always experiences a significant price decline. Well, this is bound to happen because many Bitcoin investors are selling their assets. That's why the price of bitcoin has decreased.
Therefore, I assume many bitcoin investors tend to take profits when the opportunity arises.
However, bitcoin investors who carry out DCA with the correct essence. I am sure, they will not be affected by the market value of bitcoin (up or down). Because they already had a strong goal from the start. So that when they are carrying out the DCA process, they will not be deterred. And maybe you are one example, friend.