The so-called 'wait until it drops to deep bear market before DCA into $CRCL' is no different from saying: 'I should have bought $BTC in 2009.' It's all hindsight. All I know is that $CRCL at a $10-20 billion valuation is already cheap. But I don’t know if it will drop below $10 billion. Prices are set by the market, not by me. I can only calculate the price that makes sense for me to buy in, where it’s positive EV. Once it hits that price, I’ll start DCA-ing. As for whether I can buy at the absolute bottom, I’ve never had that expectation. I’ve already predicted the $10-20 billion valuation range a long time ago. Even though that article got censored, the internet remembers. Buying at a $10 billion market cap doesn’t make you smarter. You’re just taking on the risk of missing out if you don’t buy. Returns are simply compensation for the risks you take. You took on the risk of missing out and got the reward of buying at a lower price. I took on the risk of buying earlier, accepting the possibility of price drops, and enjoyed the benefit of not missing out. That’s all there is to it.