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Well, we know that holding for the long term is really what matters, so it is not always clear how much management would be necessary at the core, but some of the problems (and maybe challenges) come from having a cashflow that is coming in and the fact that we did not necessarily have a lump sum (or credit that we want to use on bitcoin) that was available to us at earlier dates, so as the money is coming in, we have to decide how are we going to spend it... including that maybe we have $100 to $800 per month that is extra that we can spend on bitcoin, and maybe it largely ends up being less than $100 per week, but at the same time, every once in a while, maybe once or twice per year, we get some kind of an extra lump sum payment of several thousand dollars that maybe we can consider towards investing all of it into bitcoin as a lump sum, or we might want to strategize with it... even though financially it might not be exactly clear if we might be better off just lump summing right way...
and the same is likely true with maintaining our BTC portfolio once we might have reached our accumulation goals, and then we are largely maintaining, but at the same times we are teetering between wanting to accumulate more and wanting to cash some out.
I cannot completely deny or even avoid that well-planned things sometimes fail due to unexpected obstacles. Management is certainly necessary regardless of how much it is needed in the long term, I would also like to call it complex because management is not only about budget but also about risk management and psychological management.
The different financial strengths of one investor and another can differentiate their way and approach to investing. If I had $100 this month, then maybe I'd like a lump sum instead of DCA. But if I have $600 - $1000 then of course DCA is a good approach for me. It all depends on each person's finances, that will differentiate each other.
Both buying strategy is good to use on accumulating bitcoin. Personally,i feel that the DCA method give one more opportunity to accumulate more than buying at lump. Although,this also depends on the cash inflow and how consistence it is. I am someone that i have a regular income on a fixed amount and with this,i have the opportunity to always DCA the moment i get paid,because i have strategise how to use the funds. I have an investment that do pay me annually and what i do at that time is to use 80% of the funds to buy bitcoin at lump,since i can survive without that funds because it is like an extra cash to me. When i haven't known about bitcoin,i use the cash for loan so that i can get an interest from it,when the time dues. After i got to know bitcoin,i decided not to borrow the money out for 10% interest,but rather i invested it on bitcoin,so that i can get my profit from bitcoin instead in fiat. I intend not to sell off till i have reach my bitcoin target,which when i did my calculation will be in 6yrs time,if there isn't any unforseen obstacle in my bitcoin journey. I have also put into consideration that should incase i face some challenges along the line of my accumulating period,i will just hodli,till i overcome it. This means that i will take me more than 6-7yrs for me to reach my target bitcoin investment portfolio. If i could look into the future and know when bitcoin price will dip,i would love to keep such funds and buy at a lower price so that i can get more bitcoin but i might end up missing out,if the price didnt dip. With DCA method,you secured and dont need to panic because your investment portfolio is growing. Management is important for a hodler because it will enable him to be flexible with the cash inflow,when to buy and lump and when to DCA and when just to hodli and wait.