Is Dollar Cost Averaging $3.50 Per Day of BTC a good strategy?

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Is Dollar Cost Averaging $3.50 Per Day of BTC a good strategy?

Using Robinhood, I set up a Dollar-Cost Averaging (DCA) strategy. I invest around $100 per month, or $105.

Every day it buys $3.50 worth of Bitcoin.

I'm trying to get to 0.1 BTC at least. I of course also invest $100 here and there.

Thoughts on this?

I really don't have anymore information I can add.

I know some people think DCA with small amounts is not always a good idea but I Think using Robinhood (an exchange) negates this? Although I might be wrong.

Still fairly new to all this so any advice would be appreciated.

BTC isn't the only crypto I'm invested in but it's certainly the one with the most invested in.

Thanks for any advice!

submitted by /u/TitanToke
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