Because it works better and brings profit for most of investors who use DCA strategy. With DCA, it's more easily to succeed and get profit, because it requires simple steps and principles to follow. You don't have to play with technical indicators for any analysis. What you need is researching about fundamentals of Bitcoin, and the rest is going with DCA strategy.
To learn fundamentals of Bitcoin, here
The bullish case for Bitcoin.This is why it's always the best to invest ones own money and the money one can avoid to lose. Although, investing in Bitcoin may guarantee good returns but this may not come in years. This make patience highly important in the space.
You mean you can afford to lose your Bitcoin portfolio? Wow you must have just put a tiny fraction of your money in Bitcoin and just so you answer a Bitcoin investor when you are not really serious with the investment. If I may ask, since you invested only what you can afford to lose into Bitcoin, where did you invest the rest of your money that you cannot afford to lose? I will love to know that investment opportunity you have so much confidence in and believe it can never fail, the reason you chose that over Bitcoin.
I don't believe in investing what I can afford to lose because I cannot afford lose the entire portfolio I spend several months building through the DCA method. Even though I put in small amount of money per time, it is something significant for me that I cannot afford to lose same, the reason I guard it jealously, using a wallet I control my keys. What I only do is to invest amount that I can hold for long without being under pressure to sell. I do this by investing after I have sorted out my basic needs and also set some funds aside for any emergency.
Maybe you are overinvested Moreno233. You have to account for the fact that you could lose everything, sure the odds might not be high, but you have no guarantee of profiting or not losing your investment, and part of the reason that there is expression to NOT invest any more than you can afford to lose, that is to make sure that people are not investing from either their disposable income or money that they absolutely need... so if you are expecting that you need some portion of your bitcoin investment, then maybe you need to diversify into some other investments so that you don't have everything in one basket?
Sure,. everyone is supposed to be choosing their investments in such ways that they feel that they are more likely to be better off by investing into their chosen asset class (in this case bitcoin) as contrasted with if they had not invested.
One thing that we know about bitcoin is that so long as you don't use leverage, then the most that you could lose by investing into it is up to 100%, yet bitcoin remains amongst the best asymmetric bets to the upside, meaning that bitcoin has a lot of upside potential. .but it still is not guaranteed.. yet people can still have very good odds of profiting stupendously even from a relatively modest investment.. yet I frequently suggest that people (in fact everyone) invest into bitcoin as aggressively as they are able to do without overdoing it, yet that still does not mean that bitcoin is guaranteed to pay off, to be profitable, not to lose value and/or not to go to zero.
So each of us has to figure out our investment size and realize that bitcoin is not guaranteed to play out better than if we had not invested into it, so that means we might have had been better to have had not invested into bitcoin... so hopefully you figure out some ways to balance these kinds of ideas in your head in such a way that you choose an investment size that is appropriate to your finances and your psychology including accounting for some possibilities that your bitcoin investment may be a loser or even go to zero.
But, hey whatever, if you want to live in a fantasy and presume that bitcoin profits are guaranteed, then that is your choice.. it just does not seem healthy to me.. but whatever, you do you.