It will really work, you can have to find the grind to do it every week or even every month. But for those who doesn't have that patience, they might as well implore the strategy of buying in just one lump sum, and just leave it in their wallet, forget about it and just comeback when we are in the bull run. So it really depends on each individual. But relatively, I will also used the DCA method, I mean I have been using ever since and it has work perfectly, at least in my case and most likely those old timers here (as opposed to JayJuanGee term of normies).
Buying once is also a very good method but the strategy is bias in the sense that it only favours those that are rich and have big capital to invest into bitcoin at a go. This method has a lot of advantages and a few disadvantages which are negligible. In its advantage; you’ll get to buy bitcoin as much as you can with that much capital you wish to invest into it, if the price goes up soon in the future and doesn’t come down again till bull run, you have accumulated a lot and the person using DCA won’t have such amount as you’ve earned with the same amount you invested in it initially. Unless they continue their DCA method to beat your total number of bitcoin held in the portfolio which will cost them more.
And the only disadvantage of it is that, when the price goes down and a person using DCA was able to accumulate more at that price, they would be able to buy more bitcoin than you in the long run since they’ll still continue employing the DCA strategy until they reach their target. They would spend lesser than you to get the amount of bitcoin you hold or even more than the one you hold in your portfolio. Buying once and the DCA method are all good but you just have to employ the one that works for you more, without having to touch the savings because 1BTC will still remain 1BTC until you take out of it.
The accumulation journey in Bitcoin can face many ups and downs here, the efficiency depends on the accumulator and how he executes his strategy throughout the journey. DCA is a most recognized and effective accumulation strategy, moreover, you can say that this is one of the most discussed topics here in this thread and particularly all over the forum. Buying the Dips can be another effective strategy but it requires some analysis skills and proper risk management. At the same time with respect to market volatility strong holding power is required which is rare.
Rightfully said, buying the DIP and holding is another effective strategy most persons apply to accumulate there Bitcoin. But no skills can be 100 percent accurate in predicting the price, so why not buy at specific intervals at that price instead of just hoping on the dip alone
This is a very wrong mindset to have when you want to invest in bitcoin. No one can predict the market structure, so it’s not advisable to keep hoping for a particular price before you can start your investment in bitcoin. While waiting for that price, you might have missed the opportunity to buy at the lowest price you’ll get it. This was why the DCA method was introduced and it has been a good way to accumulate a lot of bitcoin for investors in the market. If you check this strategy, it works for all class of people and not limitless to people that can use it. So, instead of waiting for the DIP, take the first step and start your investment now.