Quote from: Charles-Tim on October 09, 2023, 10:20:24 AM

Some investors may speculate and some can think that the price of bitcoin may still decrease, they can because of that not invest at once but start to DCA in a way that if their analysis or speculation is favoured, they will be able to buy more at a lower prices. Some investors will even buy more when the price of bitcoin becomes lower and some investors will invest all at once after many weeks of DCA when the price get to a lower targeted price.

With Dollar Cost Averaging DCA, if people apply it properly, they will not need to speculate the market. DCA helps them to purchase on a regular time frame as they plan ahead of their investment.

By avoiding speculation on the market trend, they will reduce risk of being either panic or FOMO and don't need to find perfect prices for their entries.

Quote from: Wiwo on Today at 03:05:30 PM

Very well said Charles, I have used such formula in my bitcoin buying process sometimes a d it do work for me, in the sense that I try not to put everything down in the market at once, and once I notice that if I bought bitcoin, I always give at least a week interval before I visit to the exchange again to know if the price decrease further so that I can buy more.

With DCA, you only need to plan your investment and purchases on daily, weekly, monthly or longer time frames or just use your available investment capital for purchase anytime you have it.

Websites for Dollar Cost Averaging DCA