With Bitcoin currently at $86k, it’s safe to say buyers are constantly buying the dip which has resulted in increased momentum in favor of the bulls. I’m excited Bitcoin is picking up again, it stayed below $80k for too long. Even though i knew it was due to market correction, i just kept wondering if it will drop further below $70k in the coming bear market. As a new investor, do you think it’s best to start DCA or to wait for the bear market before investing ? What’s your opinion on this ?
Long-term DCA can be started anytime... even now if your financial planning for the future is clear, start now... for DCA we buy prices based on time, and it's routine... so when the end of our planning is finished, we will get an average price, which will make our purchases when Bitcoin prices are expensive, become helped and cheaper with our other cheap purchases...
DCA is suitable for 3-year and above investments, or at least through the four-year cycle phase after halving... which we usually see ATH there more often...