My country people I greet una wel wel most of our newbies investor for wey cryptocurrency space still dey find am very comfortable to still dey accumulate for inside the dip season which no make sense to me.
So I just say make I pull up with some addition throughout of mine consigned the DCA benefit.
- Reduce timing risk management for example if you want to invest $500 in bitcoin instead of investing the entire amount at once you fit make your decisions to use DCA and then they remove $50 every week or month it depends on your income sah maybe for 10 month. And then if the market decline shortly after your mindset investment your losses fit limits to $40 or $30 invested in that same month.
- Avoiding emotional like this fear and greed fit help spoil anything and fit lead to impulsive decisions making e fit cause you to invest to much or little or even stop investing altogether, most time I no say e dey paths of human nature say we still get little bit panic inside us which is okay but make we no to allow am take the best side of us market fit fluctuations and can fit to evoke strong emotions, but that why DCA help you to navigate all these fluctuations by accumulation consistently.
- Invest consistently and discipline Firstly when we talk about consistency we need to understand the word consistency in a lay man language e means holding on to something firmly to a standard following a regular pattern, which means investing in a fixed amount weather small or bigger amount regardless of the market downturn, investing consistently and discipline can lead to improved long term returns as you be investing in both high and low market.
Following the DCA strategy and maintaining a disciplined approach investor can navigate the volatility of the cryptocurrency markets and works towards thier long term strategy.
Sorry to say this dude, your thread for really make sense if to say you state your points them well because ah dey find am difficult to read and understand waiting your points they all about if not because of say ah don already know little about Bitcoin investment and DCA ah for no even get anything from this your thread. However, DCA method they very important because whether small or big, whether rich or poor can invest in Bitcoin using the DCA method because you fit buy with any amount regardless of the price of Bitcoin at any given instance but the truth of the matter be say if you no package yourself well you go still lose guard even if na the simplest way to buy and store Bitcoin.