It is at least clear that DCA is not an emotion control machine, that is, if an investor uses DCA and immediately starts thinking that his emotions will be automatically controlled, then this is a completely wrong idea. It is very important to create a realistic framework by understanding his limitations. Initially, some investors have the idea that if they invest following the DCA strategy, they will not make any mistakes, rather, what they will do is right, but in reality this is not right because if an investor does not consider his income, expenses, remaining money, possible urgent needs, form an emergency fund, or decide not to sell the investment due to the possible price changes, then he can sell his investment at any time. That is why discipline and management are more important than strategy. There are many investors who invest relatively large amounts of money and still they can hold their investment for years, while there are some investors who invest little by little and cannot hold it for long and suddenly they have to sell it, the only reason for which is lack of proper management. DCA is certainly an effective strategy for all types of investors, but only through proper management and long-term investment planning.
Figuring out your discretionary income and how much you can use to buy bitcoin without bothering you financially from your discretionary with the basic knowledge is enough for a new investor to use the DCA method to accumulate bitcoin overtime provided that he has a long-term investment mindset and is determined to achieve his bitcoin goal.
In life everything needs to be practiced before it can become part of you. Anyone that's interested to grow his bitcoin portfolio overtime will try and discipline himself to make sure that he buys with the right amount of discretionary income at the right time and before you know it, it will become a habit to him. Practice makes one perfect.
Emergency funds is very important for anyone that wants to be able to hodli his bitcoin investment for long term and come out successful because it's a backup fund to your bitcoin investment.
