If you are a new investor then surely this investment strategy will work for you. You just continue to invest in this strategy consistently and at some point you will realize for yourself how positive this strategy has been for you. When you look at your total investment after a long period of time, you will be amazed at how much you have invested even with small investments.
Not only new investors but also many experienced or old investors are now increasing their investments by adopting DCA regularly.
Dollar cost averaging is a progressive and balanced investment strategy. One of our goals in investing in this way is to lower the average cost and even aim for better returns over the long term. Those who have sufficient capacity may not invest in this method, but those who do not have sufficient capacity and even if they are willing to invest, if they invest using this method, it becomes easier for them to invest. Because by adopting this method you will be able to invest even in small scale. Buy Bitcoins with the same amount of money every week or month using DCA regardless of whether the price of Bitcoin goes up or down. I read in the pages of the book that small grains of sand form continents. Similarly, if you invest in the dollar cost averaging method, your small investment will eventually turn into a large one.
You're right here! Through DCA new and old investors can approach Bitcoin investment with a less risk and proper disciplined approach which will lead them to long-term financial success. However, their motivations and approaches might differ slightly. The process is still the same but the approach and aggressiveness for a beginner would be higher than that of an old investor. For someone new to Bitcoin, DCA at first would be like a practice to help them build a strong position and avoid emotions in their investment while an old investor already has gone through this phase so it would be like adding more weight, helping them strategically accumulate more Bitcoin whenever the market goes wild.