Analyst The difference in bull and bear market returns between BTC and ETH can be ignored.

BTC and ETH have similar returns in bull and bear markets.

Author: Pedro Solimano, Decrypt; Translation: Song Xue, LianGuai

The saying “market timing beats timing the market” has never been more meaningful than ever.

According to the analysis by cryptocurrency research firm Ecoinometrics, the monthly return rate difference between bulls and bears can be negligible – meaning investors are better off betting on Bitcoin and Ethereum when it suits them best.

Over the years, the price performance of Bitcoin and Ethereum has been very similar. Regardless of whether they are in an optimistic or bearish market, except for Ethereum’s first bull market after its launch in 2015.

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For Nick, the founder of econometrics, timing the market is a foolish thing to do. He pointed out, “There is too much uncertainty in financial markets to do that.” Adjusting investment strategies based on market conditions “does make sense.”

In econometrics, they refer to their investments as “tactical” investments and mention two approaches when considering buying: long-term macro cycles and market liquidity conditions.

William Cai, partner at financial services company Wilshire Phoenix, said that efforts to time the market can ultimately be reduced to time.

“Historically, timing the market has proven to be difficult for crypto assets to achieve consistent outstanding performance, especially in the long run,” Cai said. Given that crypto assets are still new, he believes that “taking a long-term view and investment horizon is appropriate.”

In other words, all you have to do is wait patiently. Cai’s viewpoint has attracted the attention of many other successful investors who criticize those who try to pick exact timing to buy and sell assets. Instead, they point out that a consistent and regular investment method called Dollar Cost Averaging (DCA) is the winner.

Oliver Veliz, a professional trader with over 37 years of trading experience, said that since 1981, he has been using the Dollar Cost Averaging method in traditional markets and has “never stopped.” For Bitcoin, this has been his preferred strategy since 2020.

He concludes that by eliminating price concerns and “establishing order in the accumulation process, and most importantly, eliminating volatility,” this strategy becomes “magical.”

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