I just take the normal one but it has enough accuracy in this case, namely by looking at the Sentiment (Index) Fear & Greed Index so by combining them a Smart DCA strategy pattern was born.
Your comment makes little to no sense, since there is no need to look at market sentiment or other BTC price dynamics in order to engage in reasonable (or smart) DCA practices. Your DCA practices do not necessarily get better based on your trying to time the market or to figure out BTC price dynamics, and instead you may well be screwing up your BTC accumulation practices by failing/refusing to consistently, persistently, regularly, ongoingly and perhaps even aggressively buy bitcoin.
Yes, this is so true and exactly my point from my previous post., It absolutely makes no sense for an investor whose initial strategy of investing in long term with the DCA method of accumulation and holding to be emotional about the market volatility and at such you turn to the sentiment fear and greed index. It will obviously have a great effect in your level of accumulation because at that time you make such harsh decision, you’re no longer going to be consistent in your accumulation either weekly or monthly and before you know it you might end up abandoning your investment because you’re now waiting to buy in the dip which is a very wrong approach for an investor with the mindset of investing consistently for a long term goal, such mindset is conceived by traders who only want to make quick profit and it’s a very wrong decision especially as it concerns the DCA method of accumulation.
The funny thing is that the recent price is still early for long term investment, and the market literally create a lot of dip before this recent ATH . But still a lot folks didn’t grasp the opportunity to be aggressive then rather they where waiting for more dip and they end up missing out , now bitcoin around the range of $110k.
Though bitcoin will continue to do correction but there’s certain price it won’t fall back again so better you take abt opportunity you have now .
At this point, I know some people are regretting why they did not buy when the price of Bitcoin was lower than this just recently and Instead of using this opportunity to start investing, they are still listening to those who claim they can predict Bitcoin’s price by saying it will drop again.
Recently, when Bitcoin’s price was in the $80K range, I saw some set people saying the price would dip again, and they were advising others not to buy at that time. But I told some people who were willing to invest in Bitcoin for long term that it’s not about arguing whether Bitcoin will dip or not but point is that who know when the correction will happen or may the correction of bitcoin price may not go dip as they was think. And again nobody know when the bitcoin price will pump again and that is what i have happend recently just see from where bitcoin price picked to it new ATH.