DCA, best strategy in the bear season

Hello Everyone,

With the cryptocurrency market prices still somewhat low, it present opportunities for the next set of millionaires to emerge if only they apply the right set of strategy. It's all doing what others fail to do. With certain top investors buying the dip like microstrategy, El Salvador and several others, one may question it but it's all about taking of the current market situation.

The strategy that best fits this market condition is the dollar cost averaging has you get to buy at low prices all the way till the market eventually recovers. Dollar Cost Averaging involves the periodic purchase of an asset. Here money is split and the asset is bought at certain intervals overtime.

This strategy requires consistency and take advantage of the average price of an asset. Making use of it when the market is down tends to favor the investor has they get to buy most times when the prices are low rather than at a higher one. This strategy has shown to payoff in the long term so quick gains are not the expected to the immediate period.

With the market of favorite cryptos down like Bitcoin, Ethereum, Hive, Leo, PolyCub and Matic, the goal for me has been to accumulate those tokens overtime has their prices keep fluctuating with certain levels due to raging bear market. No one knows how long prices will be like this, instead of looking and wishing, it's best to employ this strategy if you believe in the long term of your favorite crypto assets.

For me, I regularly buy every first and last week of a new month has certain funds show up instead of allowing them sit idle in the bank account. Of course, planned expenditures for the month must have been allocated for before doing this. What cryptocurrency are you buying?

Thanks for Reading

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