Quote from: cryptoWODL on Today at 09:58:15 AM

Quote from: Felicity_Tide on Today at 09:38:44 AM

I think you need to understand that a strategy must be a strategy. It doesn't matter if your buying time comes when there is a dip or not. Buying the dip for those who uses DCA should be done if there is a spare change or additional funds that has nothing to do with your investment funds, except the dip falls within your strategic time of buying. Though, there is never a perfect time to buying Bitcoin, but if my DCA strategy agrees with buying Bitcoin every first Monday of the month, then it should be so, no matter the market value or price. I would be of course, delighted to buy any dip, if I have any additional funds lying around.

There is no need to wait for the right time to invest in the DCA method. If you invest in bitcoins using the dollar cost averaging method, you don't have to worry about bitcoin prices falling. You can start investing any amount at any time by adopting this balanced approach. People invest by adopting this method so that they can keep investing i.e. keep their investment moving whether it is small amount or big amount.

DCA is an investment strategy where an individual invests using this method by purchasing a fixed amount of Bitcoins at regular intervals. It could be $30, $50 even $100 or more. When the price of Bitcoin falls, investors can use this method to purchase more Bitcoins, which gives them an additional benefit.

Well there are certain advantages that comes with the DCA strategy which of course many investor have used and is effective. The DCA strategy offers the leverage for the investor to have a specific goal and also work towards that goal without the fear of always checking of there is a Dip in the market price value of Bitcoin although to some extent it's even good to know the market dips because that's when you actually stake up big time Bitcoin number since the price is low but even if you can't afford to get the Dip the constant buying of Bitcoin will just keep the investment moving smoothly but of course there are also certain things you must have put in place like the emergency funds, an actual good pay job, reserve funds and also the float funds to make your journey and effective and smooth one.