The most important aspect of succeeding in your DCA method is to have a steady source of income, meaning that the method is not for jobless people. Then you have to consider your basic responsibilities whether your profit or salary can cater for it before considering DCA method to accumulate Bitcoin. If your income can not take care of your primary needs like food, rent and recurring expenses like light bills and transportation to work, then DCA method is not for you yet. If you can meet these primary needs, have a little something aside for emergency funds, then DCA can work for you. Determining how much you will use for accumulating Bitcoin either weekly or monthly depends on what remains after these basic expenses are taken care of.
Without a job or a steady source of income, investing in Bitcoin will be futile. There are no quick profits here; it requires patience and waiting. If people succeed in applying the appropriate strategy that adapts to their life requirements and needs and save part of their money in Bitcoin regularly while taking advantage of price dips,, it can be highly rewarding as the price of Bitcoin appreciates in the future.. This strategy will be effective with the accumulation of Bitcoin purchases and without looking at withdrawing and selling it before achieving the desired return goal and without selling at a loss.
Therefore, those who plan to follow this approach must accept that the funds they have placed in Bitcoin are completely dispensable and will not be needed over time as they need to focus on Capital Management, consider risk, and avoid greed. Bitcoin has exceeded the market value of silver, Aramco and Meta and received tremendous support and interest after Trump's victory, and achieved a New ATH of $93K. We must know that it is a promising investment full of profiits for those who know how to deal with it.