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DCA defeats any strategy of dip chasing. Normal people would not even have time to consider something such as dip chasing. Find a way to make DCA automated, set it up and forget it. Come back in a decade or two and see where you stand. One of the best ways to do it. As long as you don't look frequently, you will never have temptation to sell.
The beauty of DCA strategy is that it removes thee stress of chasing the dip or perfectly timing the market. Imagine someone decides to invest $10 into Bitcoin every week without worrying about the pricee movement.......That’s equivalent to $40 a month and about $480 in a year. Now if we stretch the guy's 1 year investment over 5 to 10 years. That's around $2,400 to $4,800 invested little by little, and if Bitcoin keeps on growing over the long term, as it has done in the past, that ur steady habit can build up massive wealth for you. And the best part of it all is that one do not need to worry about checking the the charts or the short term price movement.
There is a difference scenario here, you can still find out that at this stage in time, you could be accumulating at that point, at some point you will understand that you’re not satisfied with your level of accumulation and buying bitcoin, you might still want to work on your cash flow and other finances to try and increase your discretionary income, even if you try to accumulate at that amount you will understand that you might not accumulate enough bitcoin into your discretionary income, but the most important thing is to get started and accumulate as little as it is into our bitcoin portfolio.
If someone wants to start investing, then first of all, he has to determine the amount of his investment. Before starting investing, we have to allocate our own financial plan and budget. In this case, we should invest such an amount that if lost, our normal life will not be affected. If the question of investment strategy comes, then of course I will talk about the DCA method. If someone wants, they can start investing with a very small amount from their earned money, such as $ 10. In addition, they do not have to worry about price fluctuations. However, only the DCA strategy is not enough, financial planning and mental preparation are also important. Without proper budget management, there is no financial security. If there is no financial security, then it is natural to panic about market fluctuations and make wrong decisions. Therefore, proper budget management of the earned money must be maintained and an emergency fund must be established. Because if there is no emergency fund system, unexpected situations may arise in life where we are forced to withdraw from investment. So for long-term prosperity, establish an emergency fund, be patient and invest consistently according to the DCA method.