It has often been the message that dollar cost averaging is one of the best strategy to invest in Bitcoin but a challenge to dollar cost average for this our country can be the economy making individuals who are interested in investing in Bitcoin not have a stable size of income and forced to invest sizeable amount of money they get occasionally into cryptocurrency trying to cover the gaps of not investing regularly in bitcoin through dollar cost averaging.
Do you agree with me that the economy na challenge to the plan to try invest for bitcoin through DCA?
The idea that someone is forced to invest money in cryptocurrency in our country is not right. If you do not have a stable source of income, then no one will force you because you have no money left to invest.
I do not agree with you. You did not elaborate on why you find the DCA strategy challenging with the economy. Everyone finds it very easy and up-to-date for people to save Bitcoin in this strategy. You should study this method more.
I am assuming that a poor person earns $20 a week and spends $18 for his family, he will have only $2 in disposable income. But he has the desire to save Bitcoin. Bitcoin provides an opportunity for that poor person to save fractionally in the DCA method. It's a Great strategy for Bitcoin investment.
You can learn more below.
https://finimize.com/content/why-dollar-cost-averaging-wins-in-crypto-even-when-the-markets-hot