You are wrong. A strict DCA approach does not get distracted by price.. .however, if you are suggesting a less strict DCA approach or some kind of hybrid, then there is nothing wrong with that... but don't be implying that you are still following DCA when you are not.. In those kinds of cases you are purposefully deviating from DCA and suggesting that would be better, when it may or may not end up being better than just following a straight DCA approach. We cannot presume that everyone has time to be fucking around trying to figure out the price, and that is part of the reason that a strict DCA is suggested as a starting point... and sure of course, anyone is free to deviate from DCA by employing various price movement strategies, but that is no longer strict DCA and not even necessarily a good idea (even though you seem to be suggesting that moving from strict DCA is "obviously" better.. which truly is not true)..
Some times people attempt to get to be too smart for their own good, and I have no problem with making suggestions but it is not necessarily going to be a good thing for everyone to be fucking around with various strategies that may or may not end up working, even if you have a lot of confidence in such deviation.
JJG while I was reading this thread most of the time, you do support the aggressive buying & DCA and even now here Hybrid DCA what you call is not wrong at all, is what I think more suitable, No doubt with the DCA the accumulation will be more risk-free, but it will be risk-free not much effective or efficient. To make the DCA more efficient sometimes we need to lose the strictness and that is why I used to say sometimes besides DCA you need to prefer the change in strategy.
Price really doesn't matter if you are getting involved in the accumulation to achieve a particular amount of Bitcoiner's hard-lined Bit coiner but it does when it comes to more efficient accumulation.
Let me explain it with 2 sorts of Scenarios.
case 1: A person wants to accumulate 1 Bitcoin according to the cyclical movement and he knows that if the market stays in a range from this point to this point I will invest X amount per Day/week and I will reach my goal at this time.
case 2: Here's a person who has enough capital as well and wants to accumulate 1 Bitcoin but He's not sure about the bottom He stared his DCA and now he got a DIP and here changed the strategy from DCA to instant Buying of 10% of capital and again started DCA and again he bought the DIP.
Now the more efficient Buying is done by Person 2 because he already accumulated 1 BTC before person 2 and His total capital spent in USD is also lower than the person continuously following the strict DCA.
I don't think buying Bitcoin have any measure of efficiency because the various methods being discussed are based on personality, peculiarity, and preference. I will try to explain and hope you understand. First there are people/institutions that have capital at their disposal and can buy sizeable amount of Bitcoin without blinking an eye. For instance, MicroStrategy have been buying Bitcoin in large quantity through instant execution (I will call it instant execution because the quantity is not uniform even though they buy often). They really do not consider the price or the dip... they just buy and this shows that they do not adopt the DCA method.
Secondly, there are people who have been applying the DCA method to fill their Bitcoin portfolio because they find the DCA method better and more convenient for them. You cannot say they are not efficient because in both cases, they achieved their target which is accumulating certain quantity of Bitcoin at a predetermined time.
So, the concept of efficiency do not really apply so long as the purpose is achieved. Both aggressive buyers and those using DCA do that to satisfy their objectives and the method adopted depend on preference.
Here's a person who has enough capital as well and wants to accumulate 1 Bitcoin but He's not sure about the bottom He stared his DCA and now he got a DIP and here changed the strategy from DCA to instant Buying of 10% of capital and again started DCA and again he bought the DIP.
It has been abundantly stressed that DCA method does not care about the bottom or the price. That is to say that seeking for the bottom while at the same time claiming to be applying DCA is a little challenging to understand because you might be mixing up entirely different concepts. The beauty of DCA is that it even help you eliminate the worries that comes with seeking the bottom.