What I learned from conducting DCA in a bull market: DCA near the peak is a loss. It's simply buying at the peak. If you're lucky enough to profit from a DCA at the peak, you should have sold at the peak. This is also evident in Sailor's infinite Bitcoin fraud strategy. Ultimately, you buy a lot when the price is high, the average price rises dramatically, and when the bear market begins, the market price falls below the average price, resulting in a loss of both time and money. So, when is a good time to conduct DCA? It's best to start by determining a point of decline relative to the peak. In Bitcoin terms, it's around -50% of the peak. Assuming you start DCA at around $60,000, if you break through the ATH during the next bull cycle, you can expect an expected return of around 100%. Alternatively, you can start DCA at the end of a down cycle and the beginning of a bull market. Once you reach that target return, you can either take partial or full profits, or somehow terminate the DCA near the peak. With DCA, both the start and the end are crucial. Unconditional DCA is nothing more than a sailor's unintelligent remark, like "I'm going to Cannes on a yacht." In the next cycle, you must plan and prepare to achieve a successful exit at the peak.