One of the best successful strategies in the cryptocurrency market and in financial markets in general: DCA

๐Ÿ”ฅ However, it has turned into a real nightmare for many due to mismanagement and following analysts:

โœ…๏ธ The market corrects by 5%, they enter to buy, and so on until their portfolio is depleted and they incur an 80% loss

๐Ÿ”ฅ The word "strengthen" is a magical word for some; every drop, they tell their followers: strengthen until the majority say there is no more cash

โœ…๏ธ To benefit from DCA, you need to have a clear entry plan; it's unreasonable to have 100$ and buy at 80 and strengthen at 20 after a 10% drop

โ›”๏ธ Buying at the peak and then strengthening afterwards = gradually going to zero