First of all it depends on what source of income you have, if it is steady one like wages or salary then the best thing or the most convenient way is to set aside nothing more than 20 to 25% from this income, this can at least be considered a losable amount than anything higher. The DCA strategy should be either weekly, bi-weekly or monthly depending on when you usually receive payments. Continually do this without looking the price movement of bitcoin because waiting for just dip or bearish period isn’t a proper DCA strategy.
You can simulate your DCA strategy using this tool and to see how your strategy will work out
Topic: percentage of your income you dollar cost average in bitcoin - page 5. (Read 904 times)
what portion of your overall income do you keep aside for the purpose of dollar cost averaging in bitcoin, and what methodologies or criteria do you employ to establish this allocation, thereby guaranteeing a well rounded strategy that aligns beautifully with your individual financial objectives and your level of comfort in dealing with financial risk?
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