It seems to me that some of us do not understand the words we use and even the DCA we keep talking about. Please @Gost ms, What’s the difference between market downturn and decline, advising it’s good to be aggressive at one and not the other when both mean the same thing. I don’t get you.
Aggressive buying has to do with one’s financial capacity, if an investor already doing DCA starts buying aggressively it means he has increased his purchasing/accumulation power, it’s either he’s buying more rapidly or more volume that is if he was buying $100 monthly he’s now buying $200-300 monthly or buying at weekly intervals, all these depends on the amount of discretionary income at his disposal. Or he has decided to reduce some expenses to increase his discretionary income in order to increase or meet his accumulation target. Most investors buy aggressively when there’s a dip or when they feel the price is about to pump.
Between wanting to be aggressively in bitcoin accumulation and be able to do it in reality, there is big difference. You only can do your accumulation aggressively if you already prepared your investment capital well and it's always available for purchase anytime you want.
I think that user meant about being more aggressively in purchase when market is in a crash rather than a gradual downward fall in a bear market. You can do it or don't do it, and the bottom line is DCA with time. If you can DCA over a long time, you will have very good average entry price and one or two aggressive purchases won't change your average entry price too much.
Buying aggressively only because you think it is great opportunity with very good price is dangerous. Price might fall deeper and you will end up with no available money for purchasing bitcoin at lower prices. That's why DCA strategy exists for helping us.
Dollar Cost Averaging with costavg.com include exchange feeI think that by now most old members in this forum should have understood that Aggressively accumulating bitcoin sometimes done at the detriment of your individual responsibility and/or emergency funds. This leads a person into possible chances of loosing assets in loss due to unforeseen circumstances.
If a person buys aggressively because he thinks the bitcoin has dipped and he acquires aggressively while expecting bitcoin to turn back up, bitcoin could still dip further because it is self determinant. When this happens, such investors gets discouraged anday sometimes sell at loss.
The best practice is maintaining your DCA approach with time. on the events of strict adherence to DCA, you have many chances to also buy the dips when your DCA timing eventually falls on dip which would possibly happen more often than you could imagine. Even though it doesn't fall on dips, it allows to hold for long knowing fully well you are not out for a trade which would make you sell on every slight market shift.