Can you share your thoughts and experiences with dollar cost averaging?

I’ve been playing around with different scenarios.

For example, we buy a stock at $100. At the bottom it’s down to $50 – 50% decline – from the initial purchase price.

If we dollar cost average on the way down then we’re still down 25-35% from the overall cost basis. This assumes buying a 1/3 position initially.

I guess being down 25-35% is better than 50% 🤷‍️