Faith in Bitcoin is very very important, no doubt. But I think our faith in bitcoin will be more powerful when paired with understanding. Consistent buying works perfectly well, especially if they you are to use DCA. But personally, i will advice we rather accumulate smartly at levels that make sense fundamentally or technically, I’m not trying to time the exact bottom, but I want to avoid buying the top blindly.
My question is. If you understand DCA, you will not care whether you buy at a low or high price, and if you say consistent, you will make the same purchase consistently at a low or high price because what you do is keep buying every week or every month using your discretionary income to keep accumulating until you reach your goal in the long term process regardless of whether the price is low or high when you want to buy it. And you have to remember Bitcoin price is unpredictable and there is no highest price because when we say highest price it does not mean the last price of Bitcoin and the highest price of Bitcoin has no set price limit and this is what makes DCA method by making periodic purchases consistently until you reach your target regardless of the price when you want to buy it because the highest price of Bitcoin will continue to continue endlessly which will eventually multiply your profits which will result in huge profits in the long run. And if you stop buying at the peak price, then you are not consistent with your DCA. Because, if you assume that it is the peak price and if it continues to go up, you will still not buy or you are expecting a drop. That is just a waste of time and that is the same as being inconsistent. Use your logic well with your thinking intelligence if you really understand Bitcoin well.