⭐ Merited by JayJuanGee (1)
DCA is best for those who don't have huge amount to invest at a particular time but can invest small amount for longer period of time. If you dont have enough funds then its best to invest in Bitcoin in DCA manner rather not investing your money anywhere anywhere.
I prefer to invest in the DCA way because it is the best moted in my version, not unwilling to go the lumpsum way but I think about how the ability I have to think about the life that must be lived with adequate finances if it is entirely to the lumpsum then it will not be strong even at a certain time.What I can afford is DCA, even though with relatively small money you can enter into bitcoin in any amount does not have to be flat every week, small size does not matter as long as it does not break every week it is the principle that I instill in DCA investment.
I opened a Coinmarketcap account that records all bitcoin purchases in a DCA manner, the average price is around $28K that I bought even though it is now $43K.
Starting more than a year, I have gotten a fairly high ROI even though it's not 100% but I will keep HODL and continue DCA.
See this picture,
There is a detailed post by @JayJuanGee where he discussed 6 Hypo's which explain results of DCA for period of 10 and 5 years. One can read that and see which method is suitable for him or in which hypo he falls. Those who are starting this year can go back to that post and get idea of why its recommended to accumulate Bitcoin in DCA manner.
What I have seen so far in discussion here is that DCA is an excellent method of accumulating bitcoin but must be done over a period of 4 to 5 years.
It's great that you figured out that DCA is suitable for you since you can invest small amount regularly in Bitcoin. The whole point of discussion is to keep investing continuously and of course there will be time's when we have surplus cash which we can put in bitcoin.
Here are results of investing 10 dollars weekly into investment. After 5 years you have ROI of over 200% and there is no bank or any other centralised institute that gives you that much profit. Of course the ROI will go big if you increase your investment capital.
