A lot of bagholders here that invested into ATHs for projects like Algo, One etc... seem to still think DCA is way to go and that if they keep averaging down, they're bound to get return on their investment. Even if your Algo could get x5 from now on, it's still better to probably invest into a project that has more promising future that you can maybe x10+ from this point on during the highest highs of next bullrun.
People have been saying same stuff for projects when they were down just 30%, then 45%, then 65%, and now they're like 95% down and keep DCA-ing. At some point, it's a sunk cost fallacy, you're just burning your own money for no reason, and you're investing disposable money that you could rather invest into more promising projects with more promising and active ecosystem for next bull-run
I personally learnt my lesson in stock market. 1 company that I invested into during highs in its 2021 and kept DCA-ing a bit, just filled for bankruptcy a month ago. Same thing happens with crypto, some projects are just getting more and more dead, and there is no point investing into sinking ship anymore. It's important to know when to cut your losses and turn to other projects. No need to sell that small stash that is now worth 95% less than bought, but DCA-ing into it instead of investing that disposable money into more promising projects is certainly not the most advisable or smarter thing to do IMO.
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