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?
Anybody wey truly intends to invest in Bitcoin through a dollar cost averaging method will always stick to his/her plan, not minding the economic challenges faced by a country at the time of investing. Because the truth of the fact is that the economy of a country or neither the exchange rate of one's fiat currency to dollar will never be stable, but rather always fluctuate up and down, which does not in any way stop anybody who may have intended to invest a certain amount into Bitcoin either weekly or monthly not continue his investment process. For example, like an Individual who intends to invest $10 into Bitcoin weekly, as either the value of fiat or Bitcoin increase or fall, the value of $10 in fiat will always be the same in BTC.