I do agree that DCA is the best way to gather Bitcoin. There is no doubt that its adopted by many people for accumulating Bitcoin over a period of time. Gathering Bitcoin at one price is not the best way to accumulate Bitcoin.
I will go back and see my mistake in inferring DCA. Thanks for correcting me.
It seems to me that DCA is the best in terms of practicality - especially since a considerably large number of folks (perhaps even an overwhelming majority) don't even have any kind of lump sum investment funds available to them to even have that option, and even if they did, they might be better off to figure out some kind of strategy to spread out their investment rather than putting it in all at once.
Investment is an ongoing process specially for people who have monthly income. They buy shares from stock market from time to time and in case of Bitcoin they investment on weekly, monthly basis. Also since we dont have idea that Bitcoin will go up or down from current price its best to buy in chuncks rather investing all your money at one price.
Its not necessary that at the time you stop accumulating in DCA manner you are getting good profit on your total investment. In that case one may stop further accumulation and wait for price to go up. There is no way we can guarantee that what Bitcoin price will be about 6 months after. So we must keep all options open if you are investing in Bitcoin.
I frequently tell people that it would be good to think of their BTC investment in terms of 4-10 years or longer, so in that regard, if someone starts a DCA strategy that s/he is intending to invest $100 per week (which would be $5,200 per year) for the next 4-10 years, then they are still building their investment with each time that they buy some more BTC... so there might be some point in which they either say that they invested enough or that they might start to think that the could increase their investment to $200 per week or reduce it to $50 per week.
And if they get a bonus payment from their work of another $5k, they might consider whether and how they are going to invest that into BTC, and their decision might well depend upon where they are at in their BTC accumulation journey.
If someone is investing 200$ per week then it will also be a good idea to reduce the money when price goes up and increase the investment funds when one think price is high. This is something one has to work around himself there is no standard guideline for that. And yes DCA works best when you plan to invest for 4 to 5 years. If there is bull run (like the last one of 67k$) then one can get good profit and to me its better to cash out when you are getting adequate profit.
So its better to go for DCA since its reliable or less risky compared to other available strategies. You are right that it will take considerable time to read charts or follow other things. Time is most precious thing and we must spend it in most enjoyable way.
Spend time on things that give you good return. Its useless to run after things that take too much of our time.
Hopefully, it is ultimately a balance, and some people really enjoy certain kinds of activities, even nerdy ones, so it is not like it would necessarily be an all or nothing approach, yet at the same time, when someone is brand new to bitcoin, it may well be a lot better for them to attempt to employ a system that does not take up a lot of time.. because they likely would have already spent some time just figuring out their bitcoin sourcing... maybe setting up accounts to buy bitcoin... and maybe they have one or two jobs that take a lot of their time and a family and maybe some other stuff that they either like or feel obligated to do... so then at some point they might be weighing how much time they are able to spend to study certain aspects or to try to determine if the BTC price is dipping, why it is dipping and if it is going to continue to dip.. which after they do the whole assessment, then they might still end up being wrong. .so then there could be some value to just being a lot more modest in their approach and so then something like DCA could end up building up a decent amount of BTC over 4-10 years without even giving too much thought to it.. and maybe just reading about some BIGGER areas, or listening to podcasts, but not really getting into particulars of trying to predict if the BTC price is going up or down in the short-term.. which surely can be time consuming and even adding some unnecessary stresses.
Those who are new to Bitcoin have to spend some time initially to understand what it is and how it works. Those who spend some time early in there journey wont find it hard for the future. You might be an expert Bitcoiner now but initially you also have spend time in knowing this system. Even one need time to understand how DCA works in case of Bitcoin although there is lot of literature available that can tell how effective DCA is.
There is no shortcut to success, one has to put his time and effort to get success. You cant get success in crypto or other trading market only by listening to podcast or by reading tutorials. To get success one has to think from his own mind that what works best for him.
The more you sweat, the more you shine