. . . and how many of you think that they are really using it? Do we using it on the regular basis. The DCA is not even practiced on regular basis and only considered by the experienced. I mean what would I do as general average trader while using bitcoin and transactions to the dollar? Why would I go on research on the same if Im just able to convert coins quickly whenever I need them. I dont even bother at looking the dollar conversion to my local currency because if I need the money then surely I need it, I wont be stopping for the prices to move to good terms right?
Unfortunately while DCA being one of the most effective strategies for non market pros, it's probably the most boring method hence why most people don't want to do it. People get really addicted to the adrenaline rush of getting in and out of positions, not knowing that most of them are just basically gambling because they're doing things blindly.
https://dcabtc.com/Couldn't agree more. But it's also a fact that DCA is for position traders (those who prefer long positions). Definitely not for scalpers, day traders, and swing traders. But ultimately, it's not the technique that would cause you to lose more but taking risks you can't manage and spending more than you can afford.
Yeah, that explains. For traders.
As far as bitcoin is considered most of the users fall under general transactors whose using the bitcoin to trnasfer money here and there. Play games, gamble it, store it etc.