Yeah you have a point, for those who have enough funds that cannot be affected if using a bigger amount to buy Bitcoin can actually buy a higher amount of Bitcoin at a time and however DCA method may not be use for these kind of investment because the investor may already have more than enough money that could buy a whole lot of Bitcoin and still have many reserve funds waiting.
Lump sum buying is more of advantage when bitcoin price is at the bottom line of the dip, at this time, all you need to do is to buy once and just sit down and watch how the price starts going up again and your investment will also start increasing with the timeline.
The challenge with seeking the bottom is that there is no technique that is accurate in predicting what the bottom is. If you remember, just few months ago Bitcoin price was stuck around $29k which made many people assumed that was the bottom. Many bottom seekers went long in line with what you have said. Little did they know that price will dip lower to even below $25k thereby proving once again how difficult it is to determine the bottom.
I was actually tempted to go all in that period before I learnt DCA and setting limit orders following conversation in this thread and WO. I have to spread my position to lower prices and when the dip finally happened, most of those positions triggered at lower prices thereby giving me more Bitcoin than I would have gotten.
Now I apply the DCA completely and I hardly pay attention to the price, the dips, news or whatever... I just buy the amount set aside for Bitcoin. This truly brought a whole different feeling and peace.
Lucky for you, you did not fall for the temptation that arises during that period. It was nice to know that you were fast enough to learn about DCA when you came across it, only a few would have adopted it. Your experience so far is exactly why advisors typically have people DCA. Statistically they would say you can't speculate the price of Bitcoin so put it all in. However, there is usually some uncertainty in the market that would make the investor to be concerned about this, so if you decide to DCA and you either buy into a decline market or an appreciating market you will kind of feel good either way. DCA aims to assist investors in overcoming the emotional hurdle of making a huge investment and then witnessing its decline.
Statistically speaking to avoid wrong timing of the market if I see a lump sum like that I wont buy immediately because of the dip, I will still do it the DCA way but this time huge amount because i see no harm in spreading it out over several weeks or month.
What you just said would it still be considered as a form of DCA'ing if you invested a lump sum at consistent intervals over a longer period of about 10 weeks like you said?
Does that still qualify it as DCA'ing?