You have to also presume some abilities to lump sum, which may well not be options, and I already largely responded to those ideas in
this post.I just revisited my calculations and went through your
post and concluded you are right about Lump Sum.
- If somebody had Lump Sum invested 20k$ on Nov 8, 2021 when price of Bitcoin was ATH of 67k$ then he defiantly will be in loss at the moment. Even after 2 years of that Lump Sum investment.
- Even if you back to Dec 2019 when price of Bitcoin went high to 19k$ then investing 20k$ at that time would be hard to recover.
Case of DCA will be different and will produce positive results if calculated over a period of longer duration.
Just like we can't compare Apple with Oranges, so better not compare DCA with Lump Sum.