Does the DCA strategy inspire newbies to invest?

[Ashawowo(OS)]

This is wrong! The emergency fund is built to protect your bitcoin investment and not the reserve fund, that is why it is seen as the most important backup fund which has one specific purpose of acting as the last line of defense preventing you from tapping into your portfolio for survival or to solve unforeseen financial challenges. It is important to build your emergency fund alongside your accumulating bitcoin until it is at least 3 months worth of your expenses budget.

While you DCA into your bitcoin portfolio, you also put money into building your emergency fund and in that way, you're adequately preparing funds to tackle any emergency, while your bitcoin portfolio remains protected.

The reserve funds can also be used to take care of real life emergency before tapping from your emergency funds if your reserve funds isn't enough to tackle the problem. Reserve funds is very flexible and can be used for different purposes which are buying during the dip, use to solve a real life emergency before touching your emergency funds, you can also use it to go and eat in an expensive restaurant and your reserve funds can also be used to buy a bicycle for your child on his birthday if you are short of funds.

You've made some real sense actually, but it shouldn't be a reason reserve funds would be prioritized against emergency funds while investing in Bitcoin. The person I was referring to presented it in the form of invalidating the emergency fund while stating explicitly that the reserve fund is used to protect his portfolio. That was what I was debunking, so that newbies don't read that and think it's outrightly correct. The reserve funds is very flexible and can stand in for whatever the situation calls for, whether emergency, needs or even to consume.

[Gost ms]

This is wrong! The emergency fund is built to protect your bitcoin investment and not the reserve fund, that is why it is seen as the most important backup fund which has one specific purpose of acting as the last line of defense preventing you from tapping into your portfolio for survival or to solve unforeseen financial challenges. It is important to build your emergency fund alongside your accumulating bitcoin until it is at least 3 months worth of your expenses budget.

While you DCA into your bitcoin portfolio, you also put money into building your emergency fund and in that way, you're adequately preparing funds to tackle any emergency, while your bitcoin portfolio remains protected.

The reserve funds can also be used to take care of real life emergency before tapping from your emergency funds if your reserve funds isn't enough to tackle the problem. Reserve funds is very flexible and can be used for different purposes which are buying during the dip, use to solve a real life emergency before touching your emergency funds, you can also use it to go and eat in an expensive restaurant and your reserve funds can also be used to buy a bicycle for your child on his birthday if you are short of funds.

You've made some real sense actually, but it shouldn't be a reason reserve funds would be prioritized against emergency funds while investing in Bitcoin. The person I was referring to presented it in the form of invalidating the emergency fund while stating explicitly that the reserve fund is used to protect his portfolio. That was what I was debunking, so that newbies don't read that and think it's outrightly correct. The reserve funds is very flexible and can stand in for whatever the situation calls for, whether emergency, needs or even to consume.

Backup fund is a common name that refers to both emergency fund and reserve fund. We have to decide which fund to use where. For example, we can use one of our emergency fund or reserve fund to deal with all our financial crises etc. and we can use the other fund to buy something for our small crises or for other things. We have to decide ourselves which fund we will use where.

In most cases, everyone says emergency fund because the name emergency fund is similar to our crisis for which everyone says emergency fund. However, although the names of the two funds are different, the work is the same

[Abbatty]

This is wrong! The emergency fund is built to protect your bitcoin investment and not the reserve fund, that is why it is seen as the most important backup fund which has one specific purpose of acting as the last line of defense preventing you from tapping into your portfolio for survival or to solve unforeseen financial challenges. It is important to build your emergency fund alongside your accumulating bitcoin until it is at least 3 months worth of your expenses budget.

While you DCA into your bitcoin portfolio, you also put money into building your emergency fund and in that way, you're adequately preparing funds to tackle any emergency, while your bitcoin portfolio remains protected.

The reserve funds can also be used to take care of real life emergency before tapping from your emergency funds if your reserve funds isn't enough to tackle the problem. Reserve funds is very flexible and can be used for different purposes which are buying during the dip, use to solve a real life emergency before touching your emergency funds, you can also use it to go and eat in an expensive restaurant and your reserve funds can also be used to buy a bicycle for your child on his birthday if you are short of funds.

Your emergency funds is strictly for unforeseen circumstances that plays out during your accumulation stage and it's not flexible. It's good to set up both your emergency funds and reserve funds as you are building your bitcoin stash in preparation for the future obstacles that wants to prevent you from succeeding in your bitcoin investment.

You are right, the emergency funds represent it name, which is to take care of emergency circumstances, but reserve funds on the other is multi purpose, it can be used to strengthen the emergency funds when the need arises, it can also be used to improve your discretionary income too when in need and also can be used for aggressive buying of bitcoin if there is need for that too.

So we should know that our emergency funds can’t be touch unless it for an emergency purpose but reserve funds is a different case. It is very flexible and adjustable. That what it said the reserve funds is also very important in every investment, especially for a long time investment.

[Primark]

This is wrong! The emergency fund is built to protect your bitcoin investment and not the reserve fund, that is why it is seen as the most important backup fund which has one specific purpose of acting as the last line of defense preventing you from tapping into your portfolio for survival or to solve unforeseen financial challenges. It is important to build your emergency fund alongside your accumulating bitcoin until it is at least 3 months worth of your expenses budget.

While you DCA into your bitcoin portfolio, you also put money into building your emergency fund and in that way, you're adequately preparing funds to tackle any emergency, while your bitcoin portfolio remains protected.

The reserve funds can also be used to take care of real life emergency before tapping from your emergency funds if your reserve funds isn't enough to tackle the problem. Reserve funds is very flexible and can be used for different purposes which are buying during the dip, use to solve a real life emergency before touching your emergency funds, you can also use it to go and eat in an expensive restaurant and your reserve funds can also be used to buy a bicycle for your child on his birthday if you are short of funds.

You've made some real sense actually, but it shouldn't be a reason reserve funds would be prioritized against emergency funds while investing in Bitcoin. The person I was referring to presented it in the form of invalidating the emergency fund while stating explicitly that the reserve fund is used to protect his portfolio. That was what I was debunking, so that newbies don't read that and think it's outrightly correct. The reserve funds is very flexible and can stand in for whatever the situation calls for, whether emergency, needs or even to consume.

Backup fund is a common name that refers to both emergency fund and reserve fund. We have to decide which fund to use where. For example, we can use one of our emergency fund or reserve fund to deal with all our financial crises etc. and we can use the other fund to buy something for our small crises or for other things. We have to decide ourselves which fund we will use where.

In most cases, everyone says emergency fund because the name emergency fund is similar to our crisis for which everyone says emergency fund. However, although the names of the two funds are different, the work is the same

If we assume that emergency funds and reserve funds are the same thing, it can create problems in regular purchase plans. You are right that the nature of the work is more important than the name. But emergency funds increase our ability to hold on to our Bitcoin investments. If the market goes down, if income decreases, or if we suddenly have a large expense, we need an emergency fund to protect us from selling Bitcoin. If this money starts buying at a price drop, it is no longer an emergency fund.

If there is a reserve fund, its role may be different. If someone wants to keep some part of their discretionary income for buying at a price drop after continuing to buy regularly, they can. But it should not be an alternative to regular purchases. Therefore, emergency funds and reserve funds cannot be the same.

[PhilosopherKing]

A reserve fund is important not only because it gives you available funds to live on if an investment turns out to be a long term one. Reserve capital is also needed so that you can buy more of an asset if you choose a less than optimal entry point. Therefore, besides an emergency fund, you should also have additional reserve capital that you can use flexibly for investing.

A "reserve fund" in the context that you are using emphasizes buying the dip rather than DCA, and this thread is about DCA which is also superior to buying the dip.  You seem to be wanting to suggest that buying the dip is better than DCA, which it is not.

Do you want to argue about your claim? or to make your claim more directly rather than proclaiming that buying the dip as if there is actual value in maintaining a reserve fund that would be used for buying dips that may or may not end up happening rather than just using some or all of that money (that you would otherwise put into your reserve fund) to buy bitcoin regularly, persistently, consistently, ongoingly and perhaps even aggressively (in a DCA kind of style that is largely agnostic to dips and/or prices)?

You are right Sir and your explanation is clear and very helpful. I want to add that Cryptmuster may be referring to hybrid method  which involves using the DCA method nonstop and also adding spot acquisition at some points especially when the market is at lower prices. Comparing the DCA with buying the dip, the DCA method is superior just like you rightly explained which is why instead of abandoning it, an investor can decided to combine it with buying the dip to achieve a set objectives. To avoid confusion, the investor can set aside separate funds for the dip purchases, this fund will be different from that being used for the DCA method. Nevertheless, if this will be a problem to anyone, using only the DCA method is perfect. 

Guys can do whatever the fuck they wanna do and keep fund for whatever purposes they want to. But get this, dip may or may not happen and no body have a clue on how long they will have to wait before they can get the price that they want. So when you tryna act smart by mixing DCA with buying the dip, you will just be stagnating the growth of your bitcoin, which isn't a smart thing for a investor.to be doing. A piece of advise is for you to just to fuck hybridizing anything and just dca already.

Since reserve funds is the fund than person can use flexibly for whatever they want, I think any investor would be so better off using a big part of that money to ongoingly invest and then building up their stash instead of waiting for dips that they do not even know when it will come. If they do it in that way, they don't now have to bother about timing the market or wasting time delaying before buying.

[Sammysmart001]

If we assume that emergency funds and reserve funds are the same thing, it can create problems in regular purchase plans.

The name of the fund it not really the important part, but what the person has decided on what the  money is meant for. Reserve and emergency funds can have a different purposes but also their names can be used differently by different people.
Example of if this person keeps a certain amount of an unexpected expenses and during a dip, uses that money but bitcoin. This can leave that person exposed when real emergency comes up. Also a separately reserved can be keep, fot opportunities while still continuing your normal DCA. So a separation of the money that is genuinely available for an extra buying and the one meant emergency will be a very important thing to do.

[Obulis]

The essence of keeping a reserve fund is to protect your bitcoin investments and to buy the dip when the opportunity present itself.

This is wrong! The emergency fund is built to protect your bitcoin investment and not the reserve fund, that is why it is seen as the most important backup fund which has one specific purpose of acting as the last line of defense preventing you from tapping into your portfolio for survival or to solve unforeseen financial challenges. It is important to build your emergency fund alongside your accumulating bitcoin until it is at least 3 months worth of your expenses budget.

While you DCA into your bitcoin portfolio, you also put money into building your emergency fund and in that way, you're adequately preparing funds to tackle any emergency, while your bitcoin portfolio remains protected.

Oo yes very wrong, an investor getting carried away with keeping of reserve fund might even be doing the opposite to themselves, they will be delaying the growth of their portfolio. Emergency funds is obviously enough to protect your Bitcoin from unnecessary tapping into your hodling not reserve fund that will be hampering your portfolio from growing. Keeping emergency funds and at the same time keeping reserve is actually a setback to your portfolio.

So saying that reserve fund protect your Bitcoin asset is totally an understatement. An investor DCAing who's with the hope of buying the dip perfectly explains their reasons for keeping reserve fund which is not really a good idea because of portfolio growth slowdown.

[HelliumZ]

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

Of course, DCA can be an important strategy for new traders, especially if they start investing before they understand the market and suddenly invest everything, then new traders and investors may face losses. For this, if you invest in the market at different prices at different times, you will get an average price and you will be able to control yourself from the amount of loss to some extent. Therefore, in addition to giving new investors time in the market, if they do DCA, they will learn about the market over time and will have diversification in their investments.

[cocadalcan]

The problem is that once you start seeing it as a requirement, you end up thinking you need to get everything right before you begin. Then start looking for perfect entry, and a beginner doesn’t need all that.  Once you’re able to figure out your discretionary income, how much goes into bitcoin and building back up funds and other necessities. You have no excuse not starting.

And this is where the whole idea of being unrealistic will emanate from, once someone start thinking of nice and good entry in their bitcoin investment before starting the idea of quick profit will start coming in and in the next minute they are distracted from what they wanted to do and be thinking on becoming rich if they buy now and bitcoin move to a higher price, not knowing things does not work that way and this is how unnecessary pressure starts when one can actually start their bitcoin investment without any thought of timing and good entry.

You don't have to wait long to find a definite entry point for Bitcoin investment. You can start as soon as you have some extra available funds. In the reality of price fluctuations, you will not be able to determine which one is actually a dip. In October last year, the price of Bitcoin touched ATH of $126k and is currently around $86k. A few months ago the price of Bitcoin fell further to $58k. Some expected the price to fall further but it gradually started to rise and reached its current position.

You can never determine which one is actually a dip. The best way is to consistently accumulate Bitcoin through discretionary income and regardless of price fluctuations.

[ASloveapg]

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

Of course, DCA can be an important strategy for new traders, especially if they start investing before they understand the market and suddenly invest everything, then new traders and investors may face losses. For this, if you invest in the market at different prices at different times, you will get an average price and you will be able to control yourself from the amount of loss to some extent. Therefore, in addition to giving new investors time in the market, if they do DCA, they will learn about the market over time and will have diversification in their investments.

But I want to know what traders will do with the DCA strategy? The DCA strategy is for investors, not for traders, the goal of a trader is to make short-term profits by buying and selling using short-term fluctuations, whereas the purpose of DCA is to gradually accumulate assets over a long period of time and create a portfolio to build an asset for the future, where there is no possibility of making any profit in the short term.
However, investors need to prepare themselves to start with DCA, DCA is a very suitable investment strategy to start with, but in the first case, you should definitely start with a small amount of money and learn to control your emotions and then increase the amount and continue investing. Because at first you do not have the ability to tolerate everything, but if DCA is started with a small amount, then you can make yourself more stable and then it is possible to continue DCA with a large amount continuously.

[Primark]

The essence of keeping a reserve fund is to protect your bitcoin investments and to buy the dip when the opportunity present itself.

This is wrong! The emergency fund is built to protect your bitcoin investment and not the reserve fund, that is why it is seen as the most important backup fund which has one specific purpose of acting as the last line of defense preventing you from tapping into your portfolio for survival or to solve unforeseen financial challenges. It is important to build your emergency fund alongside your accumulating bitcoin until it is at least 3 months worth of your expenses budget.

While you DCA into your bitcoin portfolio, you also put money into building your emergency fund and in that way, you're adequately preparing funds to tackle any emergency, while your bitcoin portfolio remains protected.

Oo yes very wrong, an investor getting carried away with keeping of reserve fund might even be doing the opposite to themselves, they will be delaying the growth of their portfolio. Emergency funds is obviously enough to protect your Bitcoin from unnecessary tapping into your hodling not reserve fund that will be hampering your portfolio from growing. Keeping emergency funds and at the same time keeping reserve is actually a setback to your portfolio.

So saying that reserve fund protect your Bitcoin asset is totally an understatement. An investor DCAing who's with the hope of buying the dip perfectly explains their reasons for keeping reserve fund which is not really a good idea because of portfolio growth slowdown.

Putting aside a large sum of money in anticipation of buying at a low price can certainly slow down the pace of regular savings. But I wouldn't call the reserve fund a complete setback to portfolio growth. To me, the point is that the emergency fund, regular average purchases, and separate money kept for opportunities are not the same. The function of the emergency fund can prevent the sale of Bitcoin in unexpected situations. It is not right to buy with this money when the price drops. So if someone is continuing their regular buying process, has an emergency fund, has met the necessary expenses, and still keeps a little extra money aside to buy when the price drops, I wouldn't directly call that wrong. The mistake would be when someone stops buying regularly and just sits around waiting for the dip or turns the emergency fund into money to take opportunities. However, for beginners, it is more important to set sustainable rules at the beginning.

[Johnlomape]

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

Of course, DCA can be an important strategy for new traders, especially if they start investing before they understand the market and suddenly invest everything, then new traders and investors may face losses. For this, if you invest in the market at different prices at different times, you will get an average price and you will be able to control yourself from the amount of loss to some extent. Therefore, in addition to giving new investors time in the market, if they do DCA, they will learn about the market over time and will have diversification in their investments.

The DCA is a simple way to invest in Bitcoin and I don't think it has anything to do with trading. The price of Bitcoin can fluctuate to any direction and that can give an edge to traders and investors to take the advantage and buy Bitcoin or trade it to any direction they like to have it. The DCA has been illustrating the gradual accumulation of Bitcoin which can help an investor to buy with convenience without rushing to buy Bitcoin in bulk due to the disadvantage it can have if the price of Bitcoin continues to fall.

[Odohu]

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

Of course, DCA can be an important strategy for new traders, especially if they start investing before they understand the market and suddenly invest everything, then new traders and investors may face losses. For this, if you invest in the market at different prices at different times, you will get an average price and you will be able to control yourself from the amount of loss to some extent. Therefore, in addition to giving new investors time in the market, if they do DCA, they will learn about the market over time and will have diversification in their investments.

The DCA strategy is not for traders but for investors, those are two different things. Trading is aimed at short term profits and comes with high risk, while investing is what the focus of this post is and involves buying and holding for long term. It is important to get this clarification so that you don't mistake both thereby encouraging new investors to chase trading instead of investing. The DCA strategy is mostly helpful for investor because it gives them the privilege of starting small and consolidating on the investment with time. New investors will enjoy peace of mind adopting the DCA strategy as it will make the process organized and easy to implement for them.

[Joeboy]

~snip~

Of course, DCA can be an important strategy for new traders, especially if they start investing before they understand the market and suddenly invest everything, then new traders and investors may face losses. For this, if you invest in the market at different prices at different times, you will get an average price and you will be able to control yourself from the amount of loss to some extent. Therefore, in addition to giving new investors time in the market, if they do DCA, they will learn about the market over time and will have diversification in their investments.

Your statement obviously shows that you are missing the major reason or should I say usefulness of adopting the DCA approach..DCA is employed by investors not because they want to avoid loss, it is instead used so that they could very well avoid completely the habits of delayed buying as well as timing prices in the market...Also I really don't think we should call it loss if prices dip after someone makes their buy... Truth be told, if you continue with your accumulation rather than selling at that lower price then obviously the price will still recovers later, that just volatility for you...Also don't get too confused coz DCA happens to be an investment strategy meant for investors rather than a strategy for traders...

[alankasman]

---

Of course, DCA can be an important strategy for new traders, especially if they start investing before they understand the market and suddenly invest everything, then new traders and investors may face losses. For this, if you invest in the market at different prices at different times, you will get an average price and you will be able to control yourself from the amount of loss to some extent. Therefore, in addition to giving new investors time in the market, if they do DCA, they will learn about the market over time and will have diversification in their investments.

The DCA is a simple way to invest in Bitcoin and I don't think it has anything to do with trading. The price of Bitcoin can fluctuate to any direction and that can give an edge to traders and investors to take the advantage and buy Bitcoin or trade it to any direction they like to have it. The DCA has been illustrating the gradual accumulation of Bitcoin which can help an investor to buy with convenience without rushing to buy Bitcoin in bulk due to the disadvantage it can have if the price of Bitcoin continues to fall.

Using the DCA strategy makes it easier for anyone accumulating Bitcoin, whether for the long or short term. Furthermore, the DCA strategy is very helpful for anyone starting out because it doesn't require a large amount to accumulate. This makes it easy for many people to accumulate Bitcoin as a future asset when they have discretionary funds, especially when they do so with a sense of comfort and without rushing to accumulate.

Because every action in a hurry will not be optimal in getting the results and this is our guideline in carrying out activities, especially the activities we do are sometimes part of investments and this is very clear that we cannot do it in a hurry, especially the DCA strategy which is very unsupportive for anyone who wants to start accumulation in a hurry which ends up with continuous losses experienced by those who use this strategy.

[samadam007]

Using the DCA strategy makes it easier for anyone accumulating Bitcoin, whether for the long or short term. Furthermore, the DCA strategy is very helpful for anyone starting out because it doesn't require a large amount to accumulate. This makes it easy for many people to accumulate Bitcoin as a future asset when they have discretionary funds, especially when they do so with a sense of comfort and without rushing to accumulate.

Because every action in a hurry will not be optimal in getting the results and this is our guideline in carrying out activities, especially the activities we do are sometimes part of investments and this is very clear that we cannot do it in a hurry, especially the DCA strategy which is very unsupportive for anyone who wants to start accumulation in a hurry which ends up with continuous losses experienced by those who use this strategy.

Putting “DCA” and “short term” in the same sentence is ridiculous. DCA is not a shortcut to quick profits, but a strategy meant for only those that plan to accumulate long term. The whole idea of DCA is to keep buying regularly and spreading your purchases over time instead of trying to look for perfect entry into the market. You hold through different market conditions and let time play its part.

What do you mean by DCA is “unsupportive” of anyone that wants to accumulate in a hurry? The statement is vague. DCA does not require folks to wait before starting. If the person has figured out his discretionary income, has reasonable financial cushion in place, and decide to start accumulating immediately using amount he can comfortably afford…. then why not?

[Moreno233]

The DCA is a simple way to invest in Bitcoin and I don't think it has anything to do with trading. The price of Bitcoin can fluctuate to any direction and that can give an edge to traders and investors to take the advantage and buy Bitcoin or trade it to any direction they like to have it. The DCA has been illustrating the gradual accumulation of Bitcoin which can help an investor to buy with convenience without rushing to buy Bitcoin in bulk due to the disadvantage it can have if the price of Bitcoin continues to fall.

Using the DCA strategy makes it easier for anyone accumulating Bitcoin, whether for the long or short term. Furthermore, the DCA strategy is very helpful for anyone starting out because it doesn't require a large amount to accumulate. This makes it easy for many people to accumulate Bitcoin as a future asset when they have discretionary funds, especially when they do so with a sense of comfort and without rushing to accumulate.

What is the essence of applying the DCA method in short-term investment that is just like trading? For long-term investment, you are right that the DCA strategy is a great approach but for short-term, it is pointless applying the DCA strategy since the investment will be sold off before you even get started (that is what short-term investment is about, selling at the sight of profits). Recur that the DCA strategy requires investing small amount of money per time, so it requires long-term approach if the investor is to achieve a good quantity of Bitcoin over the time. Therefore, forget the idea of applying the DCA strategy for short-term investment because it is like a waste of time and energy.

[Nheer]

Putting “DCA” and “short term” in the same sentence is ridiculous. DCA is not a shortcut to quick profits, but a strategy meant for only those that plan to accumulate long term. The whole idea of DCA is to keep buying regularly and spreading your purchases over time instead of trying to look for perfect entry into the market. You hold through different market conditions and let time play its part.

What do you mean by DCA is “unsupportive” of anyone that wants to accumulate in a hurry? The statement is vague. DCA does not require folks to wait before starting. If the person has figured out his discretionary income, has reasonable financial cushion in place, and decide to start accumulating immediately using amount he can comfortably afford…. then why not?

Not just that DCA and short term is wrong but short term Investment entirely is not ideal regardless of what strategy you invest with. Bitcoin doesn't guarantee profits so why expect or rely on short term profits when nothing is even guaranteed in the first place.

DCA strategy actually works best for long term investments because it's advantage is when you invest across different prices for long time so that way the investment has enough time to grow. Depending on DCA for quick profits is just a waste of time to me. An investor shouldn't even seek for quick gains in the first place, anyone who does is not a true investor because that's the mindset of a trader.

[Loyang]

Of course, DCA can be an important strategy for new traders, especially if they start investing before they understand the market and suddenly invest everything, then new traders and investors may face losses. For this, if you invest in the market at different prices at different times, you will get an average price and you will be able to control yourself from the amount of loss to some extent. Therefore, in addition to giving new investors time in the market, if they do DCA, they will learn about the market over time and will have diversification in their investments.

Your comment is a bit misleading. Because DCA is not an effective strategy for traders. DCA is effective for those who invest for the long term. Because a trader's goal is to buy when the market is down and sell when the price is up. An investor's goal is to keep buying until the portfolio goal is reached and hold it for the long term. When an investor buys using DCA, he can buy at the average purchase price and continue to build his portfolio without missing out on buying opportunities.

[Merit.s]

Not just that DCA and short term is wrong but short term Investment entirely is not ideal regardless of what strategy you invest with. Bitcoin doesn't guarantee profits so why expect or rely on short term profits when nothing is even guaranteed in the first place..

I call short term investment similar to trading because if you ask them what they mean by short-term majority of them wouldnt call up to four years and bitcoin investment timeline shouldn't be four years because at that time, you haven't even accumulated up to one year of your income in bitcoin since, it takes one ten years to invest his one year monthly income in bitcoin if he's investing 10% from his income.

Using DCA on short-term is like using a basket to fetch water from the stream. Alankasman is found of using short term in connection to DCA which is wrong, because DCA is for piling up overtime till you reach your bitcoin target and not to buy today and sell tomorrow.