With the broader cryptocurrency market recently sliding sharply, well-known market commentator Coach JV (코치 JV) drew attention after disclosing he bought more XRP.

On Feb. 6 local time, The Crypto Basic reported Coach JV said on X, formerly Twitter, that he increased positions in several assets including XRP amid broad selling. The comments came as XRP fell to about $1.11 and market sentiment tilted toward extreme fear. While many traders stayed on the sidelines after a steep drop from recent highs, Coach JV's disclosed purchases drew attention.

Coach JV said he is applying a dollar-cost averaging (DCA) strategy as the downturn continues. DCA is an investment approach in which a fixed amount is invested at regular intervals regardless of asset price fluctuations. He described the market as a period of "bleeding red" and stressed that conviction and regular buying matter most during fearful times.

According to the post, Coach JV made his first purchase when XRP was trading at about $1.38. As the price kept falling, he also made a second additional purchase later the same day. He reiterated his long-held view that "wealth is built in times of fear" and said he prefers long-term positioning through staggered buying rather than trying to time the market.

Community reaction was mixed. Some users questioned the relatively small size of the purchase even though Coach JV is often described as a "millionaire investor". One user suggested he may be factoring in the possibility of further declines and viewing the current market as a "dark winter".

Coach JV countered that a strategy of deploying funds all at once in a falling market is not rational. He cited bitcoin as an example, referring to experiences in which he was able to buy more after prices fell further following an initial purchase. He said applying a DCA strategy when prices fall and when they rise can reduce regret and improve long-term investment efficiency.

With uncertainty still hanging over the broader cryptocurrency market, the public "buy-the-dip" moves by influential commentators such as Coach JV are seen as an example showing that some investors are choosing gradual accumulation strategies rather than trying to call the exact bottom.

Bought more XRP/BTC/WLFI! Markets bleeding RED! Dollar cost averaging on the way down. Wealth is built when there is blood in the streets. If you don’t believe in what your investing in you should not be investing. Just being transparent on what i am doing. Do you!