Procrastination is the thief of time and also a thief of opportunities. Many newbies are always too scared to invest partly because they first learn to watch the charts than learn to invest in bitcoin. Referring back to yesterday is the worst mistake anyone can make in bitcoin investment. Dwelling on yesterday would make you dwell on today by tomorrow. The cheat code is simple; Have a source of income, Device your DCA strength and keep to it, strengthen your back up funds and emergency funds and also moderate your investments to your Discretionary income.
Yes, DCA is the best method for investment. Because you can invest some of the money you are currently earning, which is left over from your basic expenses and emergency fund. For example, if in May, he had $500 left over from his earnings except for basic needs and emergency fund, he invested $500 in Bitcoin this month. Again, in June, he has no money left over from his earnings except for basic needs and emergency fund, in this case, he does not need to invest in Bitcoin this month. When he has the remaining money, he can invest it in Bitcoin instead of fiat currency.
People often see their earned money and sometimes deposit their fiat currency in DPS (Deposit Pension Scheme). Although they earn profit from there, due to inflation, the amount of profit is not that much.
Therefore, investing in Bitcoin is the safest for financial security and to maintain the value of your earned money.