Not all cryptocurrencies are worth investing in and not all of them are doing better than other forms of investment. I keep telling people that if you must invest in a digital asset it must be Bitcoin. Anything other than Bitcoin you are on your own as your investment is not guaranteed. For me, it is either Bitcoin or nothing else.
We know for investment we chose Bitcoin because it provides us with a good return but this wait is needed because Bitcoin does not go up and down rapidly.
I disagree with this statement. We did not invest in bitcoin because it gives us great returns from our investments, we invest in bitcoin because it gives us total control over our money, no third party will decide how and when we will do our transactions in bitcoin, it helps to overcome inflation, and our bitcoin investment is safer because bitcoin is not a pump and dump coin.
I think that it can be and maybe should be both.
Bitcoin is both number go up technology and it also possesses various financial sovereignty attributes that are beneficial to holders and even beneficial to system-wide aspect of the unfairness of the current money system that privileges insiders (and various persons closer to the money).
By the way, bitcoin also benefits various persons closer to the money in the sense that those who get in first are likely benefitted quite more than those who get in later... even though some of the unfairnesses of the status quo system can still be transferred into bitcoin, since status quo rich persons, institutions and governments will advantage more than status quo poor persons, institutions and governments, yet those of the same class who get in first are likely to benefit more than those who get in later.. Bitcoin does not resolve all unfairness problems in the world, but it does seem to bring a lot of correcting mechanisms into the mix to take out quite a few of the middleman rent seekers who are in the current problematic systems that are in place.
DCA is indeed the right way, I have been doing it all the time until now, I don't see the price going up / down and keep buying regardless of anything, see what is shown I previously had an average purchase of $28K because DCA is already profitable of course but I will continue DCA.
You surely must have started late with your DCA strategy, because if I look at your registration date, if you had been strictly and consistently DCA'ing since March 2017, you should have had an
average cost per BTC of right around $8,700.