The market is still in an unpredictable phase, jerking up and down strongly like the indicators of greed and fear in the past. I wrote the following article to strengthen my confidence and for investors who are at the peak and still have idle capital but do not dare to buy more DCA average price for fear of further decline.

I have shared the story of my DCA averaging the price of a few coin projects when they were divided by 5, divided by 10 and had good results. Specifically, I also invested by seeing which coin decreased for many consecutive days, there were days when it decreased by 30% and created an all-time low, I decided to buy at the bottom with all my capital, a few hours later that coin recovered by 10 to 20% but I did not close because in my mind I always thought of holding for the long term and when it was X2 then I closed the original, the mistake started investing here. The next day, when yesterday's candle closed back at the price I bought, the coin continued to decrease by another 15%. I transferred my idle money to buy USDT to continue buying and the investment method was like that. When it decreased by 10 to 30%, I bought again and when I ran out of money, my coin started to divide by 3, then by 5 and a few months later when I came back, it divided by 10. I lost a lot of confidence in myself during this period.

How to correct mistakes, after a few months of not following the market, I also focused on making money in the traditional market and accumulated a little more idle capital. At that time, the market was in the accumulation phase when the price went sideways for 2 consecutive months and I also decided to buy more DCA at the average price of that coin. I only had to divide by 2, meaning that I only needed to X2 the current price to get back to shore.

Lessons learned from the coin projects I invested in before are:

1. I know how to divide capital into many parts from small to large. Because if you do not have a plan to divide capital from small to large, when you are unlucky to go all-in and hit the top, it will be very difficult to DCA the average price because the capital is too large. But if you divide capital into many parts from small to large and use the capital from small to large, it will be an extremely important factor for you to be able to DCA the average price better.

2. I have learned how to wait for the best price zones to buy. That is when the price accumulates and moves sideways for many months. When you buy all 50% of your initial capital and you are dividing by 3, your capital is 16.6% left, when 50% of your capital is divided by 10, your capital is 5%. If the time when the capital is divided by 10 matches the condition of the price accumulating sideways for many months, you buy another 50% of the remaining capital, meaning the total capital is now 55% (meaning 50% of the initial capital divided by 10 times, there is 5% left plus the remaining 50% of the capital bought into DCA at the time the price is divided by 10 times, the total is 55%). So now the coin project you are investing in is only about to divide by 2, meaning it only needs to increase by nearly X2 (~82%) at the price divided by 10, then you will break even. That's why dividing capital and patiently waiting for the best price to buy is so important in financial investments like crypto.

3. It may be lucky that from the beginning, my criteria when investing in a coin project was to meet several conditions such as a stable daily trading volume of over $1 million for a long time, the project team is still developing and updating the roadmap regularly, and trading on large exchanges and having divided from 10 to 30 times from the peak, then I would consider investing. Therefore, I advise everyone before deciding to invest in any coin project, find out as much information as possible, so that the level of trust is at the highest level. Although I know that the financial market like crypto is always risky, at least if you use knowledge to invest, your chances will be much greater than investing by inspiration, following the crowd or gambling.

Finally, I want to tell you that the above article is just a personal opinion, not investment advice and always remember that the money is yours, cherish your money, do not let others invest your money, and learn knowledge every day to give yourself your own investment path.

Theo Vuongnd