The crypto market experienced a pump. Ethereum, Polygon and many others went up a good amount over the past few days. I can already see that the sentiment is changing. People wished that they bought in a few weeks ago. Don't let this fool you, we are not close to a bull run. Already, the price is dropping again. Now you quickly lose that Fomo.
It is not when it's going down and you are DCAing that you are in trouble, where you buy an extra amount after a sizeable dip. What really gets you is when it goes up, because that's when some buy the most. Then they have the psychological game of setting price targets that get higher and higher, until the price drops because remember; they already bought close to the top. So what I am saying is not to stop buying, but don't use all of your buying power at the slightest green. We may just have a bigger dip. Though, a steady DCA at this price couldn't hurt.
Remember:
Time in the market beats (unsuccessfully) timing the market; maybe you don't get the best price, but in the long run, it's pretty good nonetheless.
Losing a certain amount of money is more bad than gaining that amount is good:
It's better to miss out on a pump than to lose money Fomoing in. You will probably know a good deal when you see one (at an extremely undervalued price), though they might come less than you'd want or take a while from here.
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