Yeah. Those who are waiting for the market to go down lower might end up losing out of the dip. The best way to go is to constantly DCA so you don't miss out completely.
DCA is best way to gather Bitcoin if you don't have huge capital. The strength of DCA lies in long term investment i.e. gathering for next 4 to 5 years. Infact the real benefit of investing in Bitcoin can be seen if you are planning to invest for long term.
Here is my previous post about Lump Sum investment vs DCA calculated over a period of 4 years starting from Dec 27, 2019 to Dec 27, 2023. From this data we can see both DCA and Lump Sum are good if you plan for 4 to 5 years.
I just have a small working on DCA vs LUM SUM Profit.
DCA:
If you invest 100 dollars per week into bitcoin starting from Dec 27, 2019 to Dec 27, 2023. Then your total investment is 20900$ in Bitcoin and ROI after 4 years will be +119% or your total investment goes up to 24870$
LUM SUM investment and HODL:
If you invest total 20900$ in Bitcoin on Dec 27, 2019 and HODL for 4 years then today your ROI will be +505% or investment goes up to 105690$.
https://dcacryptocalculator.com/
Likewise if you go to https://dcacryptocalculator.com/ and play with figures then you will notice that Lum sum investment also gives good result if you are willing to HODL for longer duration.
DCA:
If you invest 100 dollars per week into bitcoin starting from Dec 27, 2019 to Dec 27, 2023. Then your total investment is 20900$ in Bitcoin and ROI after 4 years will be +119% or your total investment goes up to 24870$
LUM SUM investment and HODL:
If you invest total 20900$ in Bitcoin on Dec 27, 2019 and HODL for 4 years then today your ROI will be +505% or investment goes up to 105690$.
https://dcacryptocalculator.com/
Likewise if you go to https://dcacryptocalculator.com/ and play with figures then you will notice that Lum sum investment also gives good result if you are willing to HODL for longer duration.
Yeah the lump sum approach s more profitable, but not everyone can afford to buy 1 BTC or more at a go, that's why people opt for the DCA approach. The DCA may not be as profitable as the lump sum approach, but I think it is better to crawl towards your goal than sit and wait for your goal to come to you.