The idea of the DCA is very vital to every bitcoin traders as they can easily have full access to their money. Like for instance if an investor makes $2000 then he now invest like like $1200 to purchase bitcoin at the end of day he's still gonna have some amount of money left with him to sort out other needs that he might require so that it will not affect the amount they invested to purchase bitcoins
Bitcoin traders will end up making less or no profit, or run at loss. This is the reason why hodli is better than trading and while you are hodli, you should continue to increase your bitcoin portfolio using DCA strategy. Out od $2000, using $1200 for regular DCA is too much and it is a very aggressive way of DCA. It is better that you use an amount that wouldn't be a problem got you to use regularly, because if you DCA funds is bigger than your emergency funds and your basic needs funds, you might end up selling your bitcoin at the time that is not of your will due to some challenges that comes your way that must be taken care of. This will make you lose focus on accumulating more bitcoin to your portfolio and increasing your portfolio. This is why you need to set out plans on how much and how long you will need to DCA regularly that wouldn't affect you in the long run. Although our responsibilities are differ, and likewide out income but i think that your amount for DCA might end up landing you in some troubles along the line.
@Jay you have really impacted a lot of knowledge on me which has been helping me on my Bitcoin journey I could remember when I came here with a less knowledge about strategies of accumulation using DCA, with this tread I was able understand and add the knowledge I have gathered from here to my existing ones which has been very helpful.
Referring back to your comments, of course is very unwise to uses the money that's meant for other expenses to invest because he is likely going to get into trouble later on because when the need will arise he will be left with no option but to sell off the investment. Perhaps this could be referred as an ignorant investor whom sees a possibility of getting into trouble if taking a certain decision but still went ahead.
I don't think that there is any investor, who plan on holding for a very long maybe maybe from 4-10 years and above that will go ahead to take decisions that he knows will get him into trouble and will addect hos plan to continue with his bitcoin accumulation through DCAing, because he has a target and believes to increase his bitcoin portfolio. It is only traders that can take such decisions because they love gambling with their bitcoin to see if they can outsmart the market and they end up in regretting their actions, because they wanted to play smart.
2: is the short-term market speculation approach, this mostly has to do with the use of the DCA tool to take advantage of the Bitcoin market conditions and the many advantages of the volatility innthe Bitcoin market.
I don't think that I understood what you are saying, but one thing that I know is that someone using DCA to accumulate to increase his bitcoin portfolio will don't need to bother himself on short-term speculations approach but to continue with his DCAing strategy, to avoid distractions. The fact is that DCA is the only way out for people like us with low income and believe in bitcoin that it will safeguard our funds in 10yrs time.