So as we all know, we are currently in a bear market. I just bought some bitcoin a month ago. I made the decision to do a monthly DCA. At first, I would do what others had said and only invest in what I could comfortably afford losing.
I made the decision to gather as much as I could because of the current market correction and crash. I bought several dips throughout the month. I have already invested a lot more than I had expected.
So my question is, do you think it’s the right time to DCA more aggressively now that BTC price is lingering along $20-21k? What was your plan when the price of Bitcoin dropped every day or every week, for those of you who have been around since 2017?
Did you stop buying? Did you keep DCAing each week or month? Did you ever sell Bitcoin when the price was falling? Or do you just wait it out and stare at your big losses?
What are your thoughts?