Personally I struggled a lot to DCA when I started investing. I would still try to time the market and end up losing out on gains, or just regretting my decisions
Since about a year now I DCA extremely consistent and it made me look at it from a different perspective. It took away a lot of the stress and anxiety I had trying to time the market every time. And it opened up a lot more time to spend with family and friends.
Now, I like to look at my wallet as a savings account, im not even thinking about selling and I know that when there will be a dump, or a pump, I won’t be scared or anxious about it.
Why you should DCA?
You don’t have to be a millionaire to start DCAing. Start with small amounts and maybe up it when you feel a little more comfortable.
You won’t have to stress that much about market movements. DCA is like cruise control for your investments. You buy a little bit consistently, whether the market is up, down, or sideways.
There won’t be that much risk involved. By spreading your investments over time, you reduce the impact of market volatility.
DCA should help you to develop a smart investment habit. Yes there are some people that will be able to time the market, but we’re not all trading geniuses.
The process can be automated on lots of exchanges. You won’t even have to think about it. (Don’t forget to move it to a cold wallet once a week/month.
I probably missed some solid reasons why you should DCA but I know you guys are great at putting those in the comments.
(Remeber, even when DCAing you should never invest money you cannot afford to lose, and stick to blue chip coins like BTC and ETH! Noting is guaranteed.)
(DCA= Dollar Cost Average, Investing small amounts consistently)
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