No one knows when the price will fall, stay at that price, or even rise. Using DCA means there is a schedule that we make for buying Bitcoin. There are many ways to determine this schedule, such as he can use the time to buy once a week, once every two weeks, or even once a month. The important thing is that he regularly buys Bitcoin on his schedule and saves it.
Many people spend once a month investing in Bitcoin to fit their salary. This method works well for those who work in offices because they can adjust their salaries and allocate their salaries according to their location. They can determine how much money to use to invest in Bitcoin. The important thing is to stay within the amount of money you can afford because you must still meet your daily needs.
The price this week can often be lower or higher or only slightly different from last week when we bought. And with many purchases at many prices, our average purchasing price will decrease. That is our advantage.
I think using a DCA strategy is a good way to invest in Bitcoin or other risky assets. With DCA you set a schedule to buy regularly. This helps reduce the risk of buying when prices are high and lets you buy when prices are lower.It is a more balanced and discipline way to invest instead of trying to guess the best time to buy.
And matching the investment plan with paycheck can offer a practical and easy way to put money into Bitcoin. This guarantees that people are investing an amount that they can afford and not putting their everyday financial requirements at risk.
And by continuously purchasing Bitcoin at different prices the average purchasing price will likely decrease. This will be good and the entry point will change.And keep in mind
that the past performance is not indicating of future results and we know that cryptocurrency market is highly unpredictable.