Yes you most definitely should here's why and how to do it.
, or Dollar cost averaging is buying smaller amounts of an asset at regular intervals regardless of the price is a popular and well-tested trading strategy that works best when done over longer periods of time. instead of investing the entire amount at any one time. This strategy helps you take the emotion out of the trades and can result in a lower average cost because markets don't often move higher without pullbacks dollar cost averaging in bitcoin has historically been a very profitable strategy that lowers drawdown risk but don't think it's just for bitcoin or crypto for that matter you can DCA into any investment.
Example: John has $10,000 he wants to invest in bitcoin. Instead of spending the full amount in one go, he decides to use the DCA strategy and divide his $10,000 amount into 20 lots of $500. He then chooses a particular day of the week and time to buy bitcoin let’s say Monday at 12:00pm. Over the next 20 weeks, John systematically buys $500 worth of bitcoin every Monday at midday until he has invested his entire $10,000 amount. Buying at regular intervals like this over a long period of time helps to reduce the impact of market volatility and means, on average, John will likely get more bitcoin for his money than if he had spent all his money at once.
Another reason why dollar cost averaging is such a good crypto trading method for beginners is that the whole process can be fully automated via a number of different trading bot services such as Binance, Kucoin, Cryptohopper this means all you need to do is deposit funds, tell the trading bot what you want to trade and when to trade it, and let it do all the hard work for you. However, If you do the DCA manually you can improve your overall results by adding one simple rule: only buy the crypto asset at the set intervals when prices are in the red. This means that the price of an crypto asset is lower than it was 24 hours ago. If you're interested in checking out DCA investing here are some of my link's for the exchange's I recommend.
https://www.kucoin.com/r/rf/rJ21677
https://accounts.binance.com/en/register?ref=195971230
