I first purchased Bitcoin on Halloween day 2017, and DCAed for 55 straight months, before becoming swamped with other expenses in mid-2022. Within the crypto portfolio, I stayed mostly in Bitcoin over that time, currently approximately 2/3 BTC. My only other crypto holding (which is not ETH) and Bitcoin are performing similarly well in my portfolio. But dividend paying stocks have also done well, so let's compare. The average return for a DCA into a good dividend paying stock I own over the same time period yielded a 36.4% return vs. today's price including dividends plus appreciation, whereas my crypto portfolio acquired over the same time span yielded 73.1% vs. today's prices. Thus, even in the middle of the crypto winter with BTC down 73.9% from its ATH in CAD, Bitcoin has still outperformed a good dividend paying stock more than 2 to 1.
The key is not to time the market, but time in the market, as some wise investor said. DCA and patience are key, do not be swayed from your long-term thesis by a few billionaire bad actors and short-term market volatility. Measure time in years, not weeks, and the short term won't matter. Stay the course frens.
Edit: In response to a question below I thought I should clarify, I have never sold crypto back to fiat currency. So the calculated returns are based on the current portfolio value.
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