This DCA is the main tool for us to accumulate bitcoin and other top cryptos in the market. And these methods are used by all investors, whether they are rich, poor, or middle-class investors, as they are called. In shot, Dca is a proven and tested tool for holders, right?
Until now, many investors or holders are using it, and I am included, and the number of communities that will use this DCA will increase in the coming
days or time.
Dollar Cost Averaging is not the main tool for bitcoin accumulations if you say it's the main tool then you're getting it wrong, it's just one of the methods which is used frequently to buy bitcoin for a long term purpose.
Perhaps bitcoin is the only cryptocurrency that the dollar cost averaging has been proven to be the best method to acquire with because other cryptocurrencies are not as expensive as bitcoin only Ethereum is second to bitcoin in price hence acquire other cryptocurrencies might not need to be DCAed as it's cheap one can buy them at any given time.
One of the major reasons why dollar cost averaging has made it way to prominence over all other method which includes lump sum, but the dip etc is the fact that it allows investors/buyers to purchase at any circumstances, it reduces the stress of waiting till you have up to the current price of bitcoin before you can buy. At some point it helps as a discount especially when the price is low.
For now their is no other method or purchasing strategy that is above DCA hence it remains the best in the main time.