Dollar Cost Averaging (DCA) helps you deal with uncertainty, and since most people who are new to the area have uncertainty, I think it makes sense. As with bitcoin and other cryptos with the previous 10 years and a lot of doubt or uncertainty that actually doing DCA was the right choice, and we have to learn from the past and also do research or analysis with existing as well as future developments because this will helps our belief in bitcoin.
Doing DCA on bitcoins is a very smart choice and applicable to those who have limited cash issues and vice versa, especially I have limited finances and I do DCA every month in small amounts and will increase when I have more cash. And whatever the price of bitcoin, I will continue to do so until I am completely satisfied with the price, which I think is very high.
and most importantly, in the next 10 years I may be old enough that my income may be limited due to some factors, so I did a very long DCA to guarantee my and my children's old age. And I will also educate them to manage their finances well and introduce bitcoin at the right time.
Since 2019 when I began to learn about Bitcoin, I usually only thought that investing in Bitcoin was just throwing all the money you want to invest into buying the fraction you want, but I was totally wrong for about 4 years. The first place I heard the abbreviation "DCA" and understood what it really meant was in these forums. I also believe there are people like me who don't know about the DCA strategy, and I think it is good to let the people around us who are into bitcoin know about the strategy too.
This strategy has really worked for me since I became aware of it, and a few of my friends whom I told about it also appreciated the strategy.
Even the DCA strategy can make someone earn more profit.