$BTC
Understanding DCA
(Dollar Cost Averaging)
a simple analogy
Imagine you love to eat uduk rice every week, you don’t wait for the price of rice to drop significantly before buying, right? You keep buying regularly because it’s a necessity and you know it’s valuable to you.
Well, DCA is similar.
Rather than waiting for the price of Bitcoin to drop a lot (which may not necessarily happen), you buy regularly using spare money. Sometimes you get a larger portion (when the price drops), sometimes less (when the price rises), but over time you achieve a good average price.
"Investing is a marathon, not a sprint. What matters is consistency and using money that you are ready to part with."
Hope this is useful.