Many people DCA during bear markets when prices are low and fear is high. But with current prices climbing and sentiment shifting toward greed, is it still wise to keep averaging in at regular intervals?
If we plan to hold for the long term and only sell when we reach our target, DCA will always be correct in every market.
Exactly, I believe that everyone has a reason for accumulating bitcoin at any level they're doing that. But one thing is coming, achieving success at last is the goal. As an investor who's still active in service, bitcoin investment is supposed to be a long-term goal and to me, even though it's not absolute; should be a retirement plan. No one would want to experience a penniless old age which is why building the stash now is advised.
When you buy by DCA using discretionary income, it tends to be stress-free and allows you to forget about withdrawal while focusing on accumulation. This is important because you also have a time to build your emergency funds alongside which cushions your bitcoin stash and keeps you away from selling off. A person who hasn't built that level of trust in bitcoin can initially plan a 4 to 10 years accumulation target and maybe by the end of such period, he has built enough trust in bitcoin which he would effortlessly switch to a retirement investment plan especially when he has been disciplined to consistently follow his DCA approach all along.