I don't know if anyone has talked about this before in this forum if anyone has done it before please pardon me I'm ignorant.
Good application of DCA depends on knowledge and understanding of the market. If used correctly, this strategy can reduce the risks of losses while increasing profit potential along the way. It’s worth remembering that the successful application of DCA depends on numerous factors. For this reason, it’s best to make your own calculations based on your investing goals before getting started. It is the best approach for individuals who are not professional investors. It can save an investor a lot of effort trying to time the market in order to get the best prices. It is a tool for investing slowly and consistently and it aims to protect against the human tendency of greed.
Actually the best key of DCA is the is by having a enough knowledge and also comprehend everything about the market, and once you have knows all this you will not have too much losing anymore, but some people didn’t not the secret of the investment they will just go and start the investments without knows the keys points of the investment that is why some easily lose when they come to invest.
investment.
Before using this strategy make sure you have a source of income and also try your best to have an emergency fund in other to help you cover up any emergency issues without dipping hands into your Bitcoin investment.
Anyone who want to become successful person in bitcoins investment most have to get another success of income, so that it can invest in long periods of time, but if a person didn’t have any others success of income it will never enjoy the Bitcoin investment, because not all your plans can go according how you want it they might be a emergency issues that will across at you any moment.