My reasons for DCA and hodling

Instead of trying to time the market or compete with the expertise of insiders, Dollar Cost Averaging (DCA) involves consistently investing a fixed amount of money at regular intervals, regardless of the asset's price. This approach is known for reducing the impact of market volatility on your portfolio and is especially relevant in the crypto world.

These are the reasons I've adopted (near enough to) DCA and hodling crypto:

• Leveling the Playing Field: In the cryptocurrency space, insiders, developers, exchanges, and whales often possess information and resources that can give them a decisive advantage over normal investors. They can manipulate markets, control supply, and access information before it becomes public. DCA levels the playing field by not relying on market timing or insider knowledge.
• Risk Mitigation: Cryptocurrency markets are notoriously volatile, and the actions of powerful players can amplify this volatility. By consistently investing a fixed amount over time, you reduce the risk of falling victim to sudden price swings or market manipulation. You're effectively protecting yourself against the whims of the market's big players.
• Steady Accumulation: DCA encourages a disciplined approach to cryptocurrency investing. You accumulate assets over time without worrying about the ups and downs. This long-term strategy can help you build a substantial position, even when traders might be trying to create short-term turbulence.
• Time in the Market: The saying goes, "It's not about timing the market; it's about time in the market." Traders might make short-term gains, but DCA is a strategy built for the long term. You're betting on the overall growth of the cryptocurrency space over time, rather than trying to compete with those who have inside information, better information, better skills, more resources, better access, etc.
• Stress Reduction: Traders have to be constantly monitoring prices, looking for patterns, analyzing models, etc. With DCA I can go on vacation, binge watch a show, or do my job, and just make those purchases each period. In fact, with automatic scheduled DCA I wouldn't have to make the purchases--just periodically move my accumulated crypto to my wallet.
• Remove Emotion from the Equation: (EDIT - Thanks to u/Luddites_Unite for this one.) Reduce investing/divesting based on greed, fear, FOMO, etc.

[This is not financial advice. Always do your own research before making investment decisions.]

I'm interested in other suggestions for ways to build wealth in crypto that don't rely on superior skill or demand much time or resources.