Stopping my DCA during the drop was probably my dumbest move

I just want to share something for people who are new. A few years ago when I first started buying, the market was already dropping from its highs. At the beginning, I actually stuck to my plan and kept buying slowly. As the price went down, I saw it as a chance to get more BTC at lower prices.

But things changed later. As the price kept falling, I started to feel uneasy. Every drop made me wonder if it would go even lower. At some point I just stopped my DCA and decided to wait and see. I told myself I would come back in when things looked clearer. Looking back now, that was exactly the period I should have kept buying.

I have also seen a lot of similar stories. Some people kept buying from around 40k all the way down to 18k, which was the right direction. But either they did not buy enough, or they got distracted and put some money into altcoins. Some of those went up for a while, but many did not last. If that money had just stayed in BTC, the outcome would likely have been very different.

When the market started to recover, I realized the problem was not the market, it was me. I thought I was managing risk, but I was really just reacting to emotions. It is easy to make a plan, but the hard part is sticking to it when things look the worst.

Now I keep things simple. I do not try to time the market anymore. I just follow a fixed schedule and keep buying. I set up my DCA so I do not have to make decisions in the moment. Since I have been in BTC for a while, I sometimes do a bit of spot trading on BYDFi, but most of my position is still just long term holding.

This market cycle actually feels similar to back then, so I am sticking to my plan and buying every week. In the long run, I still believe adoption will keep growing.

submitted by /u/Extra-Avocado8967 to r/Bitcoin
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Quelle: bitcoin-en