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.
The DCA strategy is a powerful packaged strategy which shouldn't only be prioritized it usage or talked about in terms of those that do not have sufficient money, but it is a strategy that is being used by any kind of investor irrespective of financial capacity because of it's tremendous benefits. However, just as we have always be saying that every investor must tailor down his or her choice of strategy or strategies to suit his or her, psychology, risk assessment level, financial capacity, investment goals and objectives, yeah one can have so much money and can decide to come into Bitcoin investment with the DCA strategy because that might be what suits him or her in terms of psychology or risk assessment level which differs from one another while the money can is there. Moreso, am not completely of the opinion that the DCA amount must be a fixed or the same amount, one can increase or decrease the DCA amount based on how much of your disposable income considering the fact that expenses can varies in weeks or months, but if you have it all figured out on how your DCA amount can be fixed without affecting your other living expenses negatively it can as well be good.