DCA tends to be a good strategy for someone building a position and if they are not sure what to do or how to get exposure to BTC, and they might not even be sure how long they are going to keep investing into BTC or to continue to hold their position.
Even though DCA tends to be amongst the best BTC accumulation strategy for an overwhelming majority of people, anyone can adapt their BTC accumulation approach based on spending time to learn more about ways to employ other strategies, but if they are somewhat new to building a BTC position, and maybe even if they do not have money that they can transfer to bitcoin from other places, they may well be better off to employ strict forms of DCA or mild variations of DCA that is largely just adapting to their cashflow situation.
If someone builds up his bitcoin position fast by either lump summing into bitcoin or maybe just drawing a high percentage of their salary to buy bitcoin, they might put themselves into a position in which they might want to combine DCA with buying on dips or maybe even convert into buying on dips, and it can be difficult to know when someone might be better off to convert to some other strategy, because if someone ONLY invests into bitcoin, there may be some needs to diversify into other investments, especially once their bitcoin investment starts to reach a year or even several years of their annual salary, and there could likely be circumstances in which it makes sense to start to diversify into other investments even before having had accumulated a whole years salary into bitcoin.
Exactly... (Dollar Cost Averaging) DCA is a good strategy for people who are unsure about how to invest in BTC. It works well for all people.
But I also think its important for people to keep learning about different strategies for investing in BTC. While DCA is good for beginners or those who have limited money but it is good to find other strategies too.
Quickly investing a lot of money or taking a big chunk out of the salary. In those cases... combining DCA with buy when the price is low be a good idea. It is important to think about the situation and decide when its a good time to change strategies.
It is important also to think about diversifying your investments in others strategy with the passage of time as your BTC investment will grow.
I think this is also important to change the strategy with time and should continue to learn about more strategies which will really help in future.
If we will continue learning and not stuck ourselves in one strategy so I think this is also a good strategy.
And for Bitcoin every strategy will work if this strategy ends at HODL.
It totally depends on the holder to invest in Bitcoin. Because DCA method is the best method to invest I have not found a better method yet. Usually based on the income of those who work, he will invest with extra money based on household expenses.
But it depends on how long a holder invests. Usually those who invest in Bitcoin are investing for the long term. But one thing we can advise everyone is that you can invest in Bitcoin for at least 5 to 10 years, and even more. The longer the investment in Bitcoin, the more Bitcoin you can hold for the future.
I have invested in Bitcoin DCA method and I like this strategy very much. Because firstly I started investing in Bitcoin following DCA method with small amount of assets but now (13 months of my Bitcoin investment age) the portfolio has grown enormously during this period. I've put it away for the long term future. I will grow my portfolio. I hope to own more assets from here on out, and this is the best way for me to grow.