Dollar Cost Averaging (DCA) is an investment strategy where an individual consistently invests a fixed amount of money at regular intervals, regardless of the asset’s price. This approach is particularly useful for those who want to reduce the effects of market volatility.In practice, if you decide to invest $100 every month in a cryptocurrency, you would purchase $100 worth each month, no matter if the price goes up or down. Over time, this can help smooth out the impact of price fluctuations, as you end up buying more coins when prices are low and fewer when prices are high.Using DCA can reduce the emotional stress associated with investing, as it encourages a disciplined approach rather than reacting to market hype or fear. This strategy is considered less risky for beginner investors or those with a long-term outlook, as it creates the potential for better average purchase prices over time.