My dollar-cost averaging experiment has entered its third phase.

Let's review the purchase records during this period:
Phase 1: Bought at 196 U
Phase 2: Bought at 142 U
Phase 3: Bought at 123 U
The average cost has been lowered to approximately 153 U

Honestly, the unrealized losses on the books are still widening, and the market's downward pressure has not eased. But it is precisely at this stage that the true meaning of dollar-cost averaging becomes apparent—it’s not about avoiding declines, but about using the downturn to accumulate more chips.

From 196 to 153, each dip has been an opportunity for me to lower my costs. This is the defensive power granted by time and discipline.

This month, I continued with my routine—investing 2000 yuan each month to buy SOL, without being tempted by the low price of 123 to "guess the bottom." I stick to the plan, remain unshaken by fear, and avoid overextending myself due to cheap prices—that is my standard of execution.

If you are also committed to dollar-cost averaging, you should understand this feeling:

The essence of dollar-cost averaging is abandoning the obsession with timing, in exchange for more rational allocation. A bear market is actually a golden period for accumulating shares. Long-termism may sound like a big word, but in practice, it means steadfast execution every month, every phase.

Cycles will turn, bull markets will arrive, and bear markets will fade. Only discipline can help us pass through each cycle smoothly.

Continuing next month.