The most powerful aspect of the dollar-cost averaging system is never during the uptrend cycle, but during the downtrend cycle.
What truly causes despair is not the price drop itself, but the panic sentiment from continuous declines without any buying pressure, which ultimately leads to a fatal stampede! This is when the dollar-cost averaging system steps in, greatly boosting the confidence of all retail investors in the market and community, stabilizing the market, and gradually bringing in buying pressure. This gives the asset time and space to develop further.
Therefore, the dollar-cost averaging system is essentially a confidence system; confidence is more important than anything else. Where there is confidence, everything exists!
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