One of the best successful strategies in the cryptocurrency market and financial markets in general is DCA.
🔥 But for many, it has turned into a real nightmare due to poor management and blindly following analysts:
✅️ The market corrects 5%, they jump in to buy, and keep doing this until their portfolio is eroded and they end up with an 80% loss.
🔥 The word "accumulate" has become a magic word for some; with every dip, they tell their followers: Accumulate, until the majority say there's no cash left.
✅️ To benefit from DCA, you need to have a clear entry plan. It doesn't make sense to have $100, buy with $80, and then add $20 after a 10% drop.
⛔️ Buying at the top and then accumulating afterward = gradually going to zero.
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One of the best successful strategies in the cryptocurrency market and financial markets in general is DCA.
🔥 But for many, it has turned into a real nightmare due to poor management and blindly following analysts:
✅️ The market corrects 5%, they jump in to buy, and keep doing this until their portfolio is eroded and they end up with an 80% loss.
🔥 The word "accumulate" has become a magic word for some; with every dip, they tell their followers: Accumulate, until the majority say there's no cash left.
✅️ To benefit from DCA, you need to have a clear entry plan. It doesn't make sense to have $100, buy with $80, and then add $20 after a 10% drop.
⛔️ Buying at the top and then accumulating afterward = gradually going to zero.