If you’re not sure what dollar-cost averaging (DCA) is, it’s basically a technique for buying an asset, like Bitcoin, over a period of time. By buying a little bit at a time, you smooth out the price and minimize the risk of buying when the price is high.

DCA is pretty simple: You just decide how much money you want to invest in an asset and then break that amount up into equal parts. For example, let’s say you want to buy $1,000 worth of Bitcoin.

You could do that by buying $100 worth of Bitcoin every week for 10 weeks.

The key with DCA is to be patient and not try to time the market. You should also be prepared to hold on to your investment for the long haul, since it may take years for the price to go up enough to make a profit.

If you’re thinking about using DCA to buy Bitcoin, here’s how it works on Coinbase:

1. Sign up for a Coinbase account and link your bank account or credit card.

2. Decide how much money you want to invest in Bitcoin.

Remember, you can always buy more later if you want to.

3. Break that amount into smaller pieces and set up a recurring buy for that amount on Coinbase.

For example, if you want to invest $1,000, you could set up a recurring buy for $100 worth of Bitcoin every week.

4. Sit back and wait! The beauty of DCA is that you don’t have to worry about timing the market or trying to guess when the price will go up or down.

Just let your buys happen automatically and over time you’ll start accumulating Bitcoin.

5. When you’re ready to sell, just sign into your Coinbase account and place your sell order. Again, there’s no need to try and time the market – just sell when you’re ready and cash out your profits!

DCA is a great way to slowly build up a position in an asset like Bitcoin without having to worry about timing the market perfectly. Just remember that it takes patience and discipline to stick with your plan – but it will pay off in the end!.