I don't know how stupid this may sound, but why do we say dollar cost averaging, DCA, instead of Satoshi cost averaging, SCA or Bitcoin cost averaging, BCA?
Why DCA, instead of BCA?
This is owing to the fact that we could associate any legal currency with cost averaging as a strategy of investment for either short or long term durations.
lol... Bitcoin cost average sounds strange to my head and it doesn't fit in as the words Dollar Cost Average does. I think we use the DCA method because it's the strategy in itself that was already existing before bitcoin and it's been adopted as a safer approach that could be used while having to strategically accumulate bitcoin as an investment geared towards profit making. And I think since we measure the value of bitcoin price in dollars then the DCA is quite in the right piece to BCA.
Like how do you even Bitcoin Cost Average with bitcoin, how do we know the value of what you're averaging the cost with?