"be like JJG just DCA"
He doesn't have to do DCA until he does not understand what he is doing and what Bitcoin is.
He should learn more about Bitcoin before he invests. Otherwise, he will blame his friend for even short-term loss.
so he has to not understand what he is doing in order to do DCA.
which is exactly why you should do DCA. Understanding the why of it is not necessary at all.
If he can commit to 66 better yet 99 weekly fiat dca buys of Btc that he can afford to lose he need not understand the why of it.
Now most investors cant do the simplest thing there is to do DCA weekly for a year or two or three or four.
It is how wealth is formed.
Most investors pick too much to use for DCA and do not stick to it come hell or high water.
I can frankly tell you I am guilty of an inability of proper DCA of btc.
But for the last ten fridays I did x dollars at coinbase so I made 10 straight DCA buys.
I would love to see just how many I can do.
I picked a very reasonable weekly fiat number that I should be able to do for all of 2023 and all of 2024.
DCA investing is a basic plan that everyone in the world that does any investing should try to do one good long DCA. Maybe four years is a good goal.
I did one long dca move with one item in my life (doge) I simply saved every doge I mined from 2018 to 2021. That is not the dca move. I matched what I mined during that time.
My return was really good. yeah is was a different coin but had I done the same with btc for 2012 to 2015 I would be exceedingly rich.
I learned the hard way DCA is the way to go. You do not need to understand this at all.
Just Believe in JJG and DCA what you can afford to lose.