I don't know if anyone else has different opinion about it?
DCA is a very popular strategy for Bitcoin Investors and has proven to be very effective. The goal of the DCA strategy is to accumulate Bitcoin consistently over the long term without worrying too much about price changes in each period. This strategy is very helpful for those who do not have a large capital to start investing, they can invest at any time with the capital they currently have, the price difference that continues to move will get Bitcoin in different amounts. The DCA strategy is also an attractive option for those who do not have time to pay attention to market price fluctuations due to being busy with their daily routines.
Very good explanation, my friend. There are many advantages of this DCA strategy, especially if you are still a beginner. This strategy has also been proven and is very effective for those who intend to make long-term investments.
In addition, this DCA strategy can also be effective in having bitcoins without having to bother determining the right market time and of course this is also to minimize the risk of not investing large amounts of money at peak prices.Bitcoin is increasing every year, not everyone can buy bitcoins in large amounts or not everyone has a lot of cash ready to be disbursed to the market but with the dca strategy we can pay in installments this is the advantage of the dca strategy. Because with the dca strategy, more and more people can reduce the habit of shopping here and there and then invest it in bitcoin assets.
what do you really mean by minimizing the risk of not investing large amount of money at the peak prices? The idea of our DCA amount is not subjected to the market prices but rather it is directly proportional to our income flow subjected to the disposable income after ensuring whatever might have been considered to be basic needs has been taken care of which varies individually. Perhaps, the DCA doesn't limit other strategies hence one can as well lump sum buy even at the peak price if the plan is to hold for longer period of time.