Dollar Cost Averaging(DCA)Most people here already know this but for the sake of the newcomers I will just repeat it, this is the gradual accumulation of the things we want to accumulate the assets we want. This is an investment strategy that is not done in one fell swoop. It is like taking out insurance that we pay off gradually depending on the capacity of your source of income, it can be monthly, quarterly, mid or yearly depending on our capacity.
So we do not buy crypto at a certain price, but you buy crypto at a different price level depending on whether you have a budget to buy. For example, you have a budget of 10 000$ now every week you allocate a budget for bitcoin worth 2500$ in the 1st week you bought when the price of Btc was cheap, in the 2nd week another 2500$ again that is the same concept of DCA.
Why is DCA effective? The first reason is that you don't need to guess the perfect timing guys when buying, because this is what most people do that is not right. Because no one can predict the bottom and Top price of any crypto assets.
I have wanted to ask this question with regards to if my Dollar Cost Averaging amount changes with time according to changes in my financial situations, would it affect the results in the long term? For example, if for the past 3 years I DCA $200 of bitcoin monthly, but after 3 years , I faced a hard time and I decided to DCA $100 of bitcoin monthly instead, will this affect the results in the long term?
