Sorry if it disturbs your discussion, lately I often hear how almost every time I meet my friends talk about investing in Bitcoin in the DCA way, I am curious and finally know the general description of DCA, which is to allocate a certain amount of money to invest regularly as you said. Does DCA here have to be supported by stable finances? for example, having a steady income from work which can later be used to invest more regularly.
I say that because my friend's discussion with his financial condition was clearly inappropriate. I mean, their income is unstable but investing the DCA way.
What do you think the ideal DCA looks like? I really need advice because I have been studying Bitcoin for a long time, my income is quite stable for now. It would be very profitable if this financial allocation was invested in Bitcoin. As long as I know the risks, I believe Bitcoin will be useful in the future and institutional adoption is also currently increasing. As someone who is interested in investment strategies, you definitely need the right method.
Its interesting you ask for advice. During the previous bull cycle I was kicking myself for being too conservative DCAing and not just trusting my instincts about Bitcoin. Now, during this bear cycle, I'm thankful I was prudent and didn't go balls deep buying Bitcoin, so I still have plenty of water in the tub to DCA at these lower prices.
So basically, in my experience no matter what you do you'll have some regrets after the fact with the benefit of hindsight, but I think the safer more conservative route probably results in less extreme regret... So I'd say steady, sustainable DCA is the way to go.