full image - Repost: Is Anyone Still DCA'ing? (from Reddit.com, Is Anyone Still DCA'ing?)
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I have not really touched my recurring investments since I started them and with the current market condition, I am wondering if I should increase them to get a little ahead when the bull cycle comes back around.Have you increased/decreased/kept the same in your recurring investments?This is a question that we've all asked ourselves silently....I figured I am in a position right now where I can increase them if I want but I would like to know the thoughts you might have. Obviously, BTC/ETH is my main but I also have some altcoins as well like Telos.I have no reason to sell because my fiat cash flow is still intact.We've been in a bearish market for months now, and have heard a lot from various experts about why the market crashed, etc.But then it still boils down to our personal decision, it's hard to make money from either buying or selling the market now because of the indecisive ranging movements.Some feel it's better to do the DCA strategy and bag more because the bulls will return.While others prefer to stake their assets, especially stables, to earn more stables so they can have more funds on the ground ahead of the bull market.On the other hand, some people are just dormant waiting for the market to stabilize before they decide what to do.So which of these categories do you belong to?Personally, I'd rather DCA if the project I believe keeps on building despite the bearish market sentiment. It's hard to find a decent project that does that but I've been looking at the listed coins on KuCoin and found a project named Telos with a ticker symbol TLOS.It seems like it found its floor price and now ranging so I've been bagging a lot recently with every significant dip and now I have positive PNL. Consider checking Telos and its Telos EVMThe Telos EVM is the most powerful and scalable Ethereum Smart Contract platform built to power Web 3.0. Telos features a robust, third-generation, ESG-compliant evolutionary blockchain governance system, including smart contracts, advanced voting features, and flexible and user-friendly fee models. In addition, Telos supports the blockchain ecosystem by serving as an incubator and accelerator for decentralized applications through development grants.Develop and Commit to a Strong DCA (Dollar-Cost Average) StrategySuppose you have a total of $500usd to invest in $TLOS. Rather than investing all your capital at once, you could invest one-fifth ($100) and commit to further investments if the price decreases or increases by a difference of 20%. If the price decreases due to a market drawdown, you’ll have the opportunity to acquire more tokens at a 20% discount. If market volatility increases, you can adjust your DCA strategy so that your next purchases occur after greater price reductions.Ultimately this approach should be applied when you are confident in the asset you’ve analyzed and have a strict set of rules that you will adhere to.Stay Focused and PositiveIt’s easy to lose hope when things appear as bleak as they are. Still, market cycles are not a new occurrence. As the global economy bounces back from crippling economic conditions and the Russia-Ukraine war, so will financial markets — including crypto. In the meantime, stay focused on projects and networks that build relentlessly during the bear market to offer developers and users a more optimal ecosystem to participate in the blockchain world.These are the entities investing time and capital to ensure crypto thrives regardless of market conditions, and ones that will provide you with the best opportunities. Cheers!
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