However, like you said, we have the right to choose whatever strategy that suits us but you should also know that as a newbie, when you chose the wrong strategy like waiting and buying at the dip, you have ruined your bitcoin investment goal because you will end up having little or no bitcoin due to your wrong decisions and plans. This is because buying at the dip is something no one can target. You might even be at the bottom line of the dip, and you will still be looking for more dip, and you will miss out. The three are good strategy but there it depends on the level that your bitcoin portfolio is that you can use them. DCA is superior either when you have reached your bitcoin target or not because of the regular buying at different price. Consistency is the best.
I agree with you on this as someone who is new to Bitcoin investment should only focus on buying, firstly with lump sum and DCA. Waiting for dip is like not knowing what you are doing and I will see such newbie as someone who is not ready for Bitcoin investment. Waiting for dip without defining the level of dip you expect to see before buying is
Just a waste of time, because no matter the level of dip you see you won't be satisfied as your mind will keep telling you that there is still more dip coming that you have to wait and while waiting you might end up no buying again and still such investor won't have Bitcoin when he/she should have had it.
I agree with you, cash doesn't last us very long. As long as you have money in your wallet you only want to spend but when you don't have money in your wallet invest that money in something but you don't sell that investment and spend the money even if it's hard.
We always consider DCA method as the best investment method to invest. If the mindset of an investor is that he will only invest and keep increasing his investment amount and he will hold that investment deeply then the investment will pay him very well at the end of time.
Everyone invests with the intention of holding the investment, but not everyone can actually hold their investment for a certain period of time. Those who have invested for the long term in 2023 or investors who have invested in the DCA approach since mid-2023 can see almost double the amount of gains by early 2024.
The investor may not be happier than the profit after investing.
From the way 2024 has started, we can imagine that 2024 is going to be good for the Bitcoin market compared to 2023, so now we should pay more attention to investing instead of saving money unnecessarily or keeping cash for ourselves and spending that money. I invested regularly from now on, maybe by the end of 2024 we will see the Bitcoin market double from the current level, but the investment will be ours.