How does DCA investment strategy work for cryptocurrencies?

economictimes.indiatimes.com:

The real money comes not in the buying or the selling, but in the waiting — Charlie Munger Munger may not have been talking about the crypto market, but the underlying philosophy holds true for the asset class. Crypto markets are made up of two types of investors — traders and HODLers. To many, the difference may not be evident, but their behaviour and approach to investments cannot be more disparate. To a HODLer, short-term price fluctuations are insignificant, while traders have defined levels of risk.

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To a trader the ideal advice would be — if you’re losing money then end the trade at your defined stop-loss range, while for an investor the ideal advice would be to buy every dip and HODL. Traders hold assets until they reach short-term success while HODLers follow the buy-and-hold principle. HODLers invest their crypto for some years, decades, or even longer. For most crypto traders, volatility is a fact of the market they’ve accepted and try to take advantage of. To counter the effects of volatility most investors look at dollar-cost averaging (DCA) as a viable buying strategy.What this meansRather than investing in a particular asset once, at a single buy price, with dollar-cost averaging one can spread the amount of money to invest and buy small quantities over a period of time at regular intervals. What this does is decrease the risk that one may face if the market prices drop. With multiple buys and when the investment amount is divided across, one can maximize the odds of paying a