And this is the function of running a DCA strategy because the price of Bitcoin is not easy to predict in the near future, but in the long term the price of Bitcoin will rise even if there is a decline.
We may be able to speculate the price of it but if it's about predicting it properly and accurately, one thing we can say is that it's always been unpredictable.
Doing DCA doesn't require thinking about what the price of Bitcoin will be tomorrow, the day after, and so on and all it does is keep accumulating Bitcoin whatever the price. And with DCA we can minimize investment risks due to erratic market movements, and no one can predict Bitcoin prices accurately even if they are experts.
And it's just like you're free to do whatever you want. You have money? you buy. And even if you have money but you don't buy, then buy some other day or just totally don't buy at all.
That's one of the beauty of DCA.
Regarding to your quote I hope one of the key benefits of DCA is that it removes the need to accurately predict short-term price movements. Instead it focus on the long term trend of the asset. By consistently investing over time regardless of whether the price is high or low investors can potentially benefit from the overall growth of the asset over the long term.Its very essential to note that while DCA can help mitigate some risks associated with market timing it does not eliminate all investment risks. DCA can help minimize the impact of short term market volatility and reduce the risk associated with trying to time the market.