I basically did DCA from very low amount until 2020 or so and that allowed me to drop the average from 2017. I had some from 15k+ range, and dropped that to 5k and then even increased it to 10-11k range as well by DCA but gained a lot more amount. This allowed me to be in profit even when it was 25-26k recently, and definitely a lot more in profit when it was 60k+ as well. I am not going to sell unless I absolutely need to.
Was your dollar cost average monthly buy or weekly? it turned out that when you DCA, you will end up with much in daily buy but if you have the opportunity to do that on monthly and buy more more especially when it dipped in price, you will found out that the monthly is more favorable.
I learnt that the bear market is always long, this is the perfect time to establish that buying habit but unfortunately, people fear this bear market like they do fear bed bugs, they don't know that this opportunity will never returned again, just like buyers who are waiting btc to come down to $10k.
Monthly or weekly might be outstretched considering that the price condition do actively changes most of the time which means losing chances on getting in into those cheaper price
is something that be done on a hurry and thats why its really important that you do always have back up funds for situations or conditions like this on where you could able to
accumulate if you wanted to but of course not all would be minding about this stuff since they do come after for long term aspect which means
whatever the timeframe on the time they would make out purchase wouldnt matter much.
