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. Apart from that time, the DCA method is still the most welcome strategy to use in buying bitcoin, this can also help you have plans on some other investment you want to diversify to.
you just talked about bottom line of the dip, how do you know when it gets to such point. Bitcoin price could be stable at 23k for months and there you think the bull has started unfortunately enough there will be another dip, so this is where DCA heads the system of accumulating Bitcoin
The DCA method is not for only the low income earners, it is used by everyone, but the rich and the poor to accumulate bitcoin at regular interver to increase their bitcoin investment portfolio at ease, since they have the passion to keep on accumulating. Since it is very difficult to know when the dip will come, but if you buy at lump sum when the price of bitcoin is not at the dip, you will not be happy when the price begins to dip below the price that you bought, and that is where DCA come to play because you are buying regular irrespectively of the price of bitcoin at that moment.
There is no time at which it is said to be unfavorable in buying Bitcoin, even buying bitcoin at 23k and it dips down to 19k, i should already know Bitcoin is volatile and that should have been on my A list, my 1 Bitcoin remains my 1 Bitcoin and its a must i see my profits as long it is for the long term