Investing small amounts at a time allows one to not care where the price is at any given time as much, because those kind of investors put in small amounts at a time that they were going to spend anyway, allowing them to buy through every high and every dip, and hold long enough to see their DCA’s grow.
When I started, I started with a lump sum $100 bucks, then a weekly $50 bucks investment that I would otherwise blow on beer, weed, fast food, bar, or restaurant, etc.
I had friends at the same time go in with $10k+. Those friends all panic sold since that day over a decade ago now. Had they held, they’d be way richer than me, but because they were emotionally attached to their lump sum they put in they panicked out the second they saw any sign of a drop. Some made money, some lost money, but non held onto their initial Bitcoin amount they started with, giving my stack time to outgrow their portfolios’ dollar values.
The biggest difference I’ve seen is with dollar cost averaging small amounts over time, you stop paying attention to the dollar value of your stack, and instead start paying attention to the Bitcoin value of your stack, making it so anytime the market declines, all you think is “Sweet, now this shit fiat I’m mining will get me more Bitcoin per shitty value declining debasing dollar”.
Reading the Bitcoin Standard and the Fiat Standard helps too
[Here’s an article on the modern financial system and how it relates to Bitcoin, for anyone who wants to get their research journey started so they can comfortably walk the path of a DCA’ing HODLer](https://medium.com/coinmonks/the-modern-financial-system-is-a-debt-based-pyramid-scheme-and-an-investment-based-ponzi-scheme-e37c4154b9)