Because the Bitcoin market is known to be very volatile, it allows investors to use the DCA method to invest in the long term by buying Bitcoin regularly. This method will not work perfectly without being accompanied by financial, mental and patience readiness. The funds used should not be used for other needs in order to be ready to withstand shocks in the market, investors must also have a mentality that is ready to withstand emotional turmoil when the value of Bitcoin continues to fall and patience in investing is needed because the situation that occurs in the market is not always smooth as imagined.
Investors certainly do not want their money to just disappear, there are always efforts to find ways to keep the invested value intact and get profit from the investment. In investing you must be able to think realistically, never get caught up in market conditions and assume prices will continue to rise. Now that Bitcoin is starting to trade at a slightly higher price, you should be patient and wait for the price to drop, when you buy at a lower price, your money is not tied up too much if the price goes lower because you can activate the DCA strategy afterwards.
Using the DCA method to invest in the long term I think is not because the price of Bitcoin continues to move quickly or the price of Bitcoin is very volatile as you said, but more on people's choices or limited money to invest so that the DCA method is quite good to do buying slowly with the existing ability without disturbing other personal finances, so investment will be safer if using money that is not used in everyday life.
It all goes back to the initial planning, if to invest in Bitcoin for the future I don't think much consideration is needed but for a plan to take advantage of a certain amount requires a lot of calculations and market alliances.
Now we are talking about investing for the future and using the DCA method to collect it, I think it won't be difficult, do it and forget it until our future will benefit.
The DCA concept is a potential medium for sustainable Bitcoin investment where a portion of disposable income is constantly accumulating. Considering the volatile prices and bullish trend it can be a much better decision by accumulating a valuable asset with household daily expenses. Here is the assurance of proper use of limited resources as well as the assurance of alternative valuable resources for future generations. If you want to generate more growth, you can decent the portfolio by increasing your buying during bearish times. Basically holding bitcoin for long periods of time.
The practical saying of investing and forgetting can mean holding for a long time regardless of value which is of course very important for Bitcoin holders. Only the growth of stashing should be taken into account at intervals of time.
