Just make sure that when you DCA, you're not spending the money that you're going to use for your food or utilities.
That's the reason why it is important to consider as well on what kind of money you'll use as you DCA. But some investors goes to the tough path and they're spending money that's allotted into something important but they are sacrificing that expenses to buy Bitcoin.
But don't do that, it's why we're all advising everyone to have some other source of income and only invest what you can afford to lose.
exactly, anyone that's doing such is just executing poor planning. The best way to Investing is not having good cashflow alone , but how you plan and handle things. By using the DCA strategy to accumulate according to your cashflow, set aside an emergency funds for covering expenses. And also have a reserved funds to use whenever one have the opportunity to buy using this other accumulating strategy to purchase. There's another important things , which is how consistent you are with your DCAing and to keep on learning more things on how to secure a good investment.
You really have to set and plan out your DCA if you're going to do that because if you don't, big tendency of you dumping the Bitcoin that you've just bought is high.
And that's no common sense for you when you do that as you're just going to throw up your money again to it. Why it should be important for you to plan it?
To avoid scenarios like this that you have no option but to sell the purchased Bitcoin of yours. But if you have done it and you have spare money in doing it, you'll not be forced to sell it when you are in need.
If so then you can definitely divide your money into two to three parts. And can you keep some of your money as an emergency fund, so that you don't have to sell your investment in case of any danger? That's why there should be enough knowledge so that we can use the emergency fund anytime, DCA investment is so important that you only realize when you start saving money. Note that you should never consider selling a hold if you have future financial benefits from the amount you invest.