However, at this time of the market, wise investors are riding on with their accumulation of Bitcoin through the DCA strategy. They are not relenting from it because that serves as the key to successful profits of Bitcoin
The last laugh will be those who made 20% profit at the end of the day, even if they buy from the highest position. And those who were laughing at him said that after buying his position went down another 6% luckily I didn't buy I would buy if it went down further. And his eternal wait never ends, Bitcoin goes up while he waits.
Ask those who didn't buy Bitcoin at 15k in the last bear market, they might have said that Bitcoin was a scam.
And those who took the bear market as an opportunity and bought even $40k position and hodl it they are the winner of this cycle. This type of cycle will eventually come and go the matter is are you ready to grab and willing give your all to hodl.
Everything depends on you phycology. Don't go for all , what you invested just hodl forget it and buy more in step by step. Time will rewards you eventually.
After investing, we usually always expect that the market will only go up after our investment, but those who invest in the DCA investment method are actually often waiting for an opportunity when they can buy bitcoins with a large amount of money. There are some investors who take the negative aspects of the market well because they can invest several times the amount they invested at high prices when the market goes down.
That is, I am clearing this matter here, suppose an investor invests 100 dollars every week and the market did not change much in those few weeks that he invested consistently but after a few days the market dumped a lot and at that time that investor bought more bitcoins with more money during the market low but he will have a good chance of more profit in the future.
We need to invest consistently rather than waiting for an opportunity and keep some money aside so that when the opportunity arises we can put that money to good use.