Buying bitcoin as an investment and then doing DCA once its falls, is a good tactic but good investments are those which are done at suitable times. We had 2 years of pure bear market and it was the best time to accumulate between 15 to 50K. Those who have invested money in bitcoin once it was below 50K, those people must be in good gains these days and still holding.
Now i would not ask anyone to accumulate bitcoin near the all time highs (specially those who do not have extra money) and in times where we know the cycle may end in a few months. For fresh investments, maybe one can wait for a year or so and then he can get better prices to get into bitcoin. For those holding bitcoin, they should keep holding and shouldn't sell early there is still chance that bitcoin may 1.2x to 1.5x from the current prices.
If ideally, those who didn't buy in the past now have great regrets, they shouldn't stay there they have to move forward, and the best way to move forward is by buying with the DCA method because the train hasn't passed yet and there's plenty of opportunity to catch it again.
Most advice is based on
comparisonsnot buying when the
peaks aren't reachedprice is high, but if we're just starting out with an investment, we should start with something, even if it's just buying a little
bit and taking advantage of each correction if there's enough money.
There are many analysts saying that the bullish cycle is ending and a distribution phase is coming. We must keep that in mind to take advantage of buying
. So so there's still a very good opportunity to get into
BitcoinBTC.