Also, the time is long, and this is the main thing, because even if we talk about the minimum period of DCA, that is, if we talk about only 4 years, then many people do not have the patience to hold it for 4 years, and this issue must first be understood by yourself. That you are actually mentally prepared to hold it for a long time. First of all, you have to be mentally prepared, after that you can start investing with financial preparation. In the case of someone who does not have a long-term plan, DCA will never give him any effective results, but may cause more losses. Therefore, it is not enough to just start DCA, but it is important to prepare yourself mentally along with creating a financial foundation to maintain that plan for years.
First thing is to develop a mindset that Bitcoin is an investment that can give good return over a period of time. Developing that mindset is very important because as you continue investing you will see time when your portfolio is very much down and you can bear that period only if you have positive mindset about Bitcoin. If we see current price of Bitcoin then it has gone down a lot and that is the point where people got panic and start selling their Bitcoins. Apart from discretionary income, another important thing is preparation of strong mind that can withstand price corrections over your tenure of Bitcoin accumulation.
