As a new investor I can say that if you want to hold bitcoins, you should hold bitcoin in DCA method.
As a new investor I don't think it requires much knowledge.
(Though the saying goes that knowledge is king)
But once you go to the market, you can learn all kinds of things by yourself.
In any field you want to get into for you to thrive as a newbie you have to brush yourself with as much knowledge as possible about such field before diving all in, especially in the basics of such field which bitcoin investment is not an exception. Before start you have to be knowledgeable about things like the investment strategy of your interest, risk management, market sentiments/psychology and with an investment plan (mainly a long term duration holding plan).
It is best to learn (equip yourself) before going into the market, instead of hoping to learning everything or the most important things about the market while in the market.
DCA is a good strategy for holding Bitcoin.DCA means buying and holding a fixed amount of bitcoins every week or every month. You invest 1/3 of your income over a period of time. You cannot hold on to your entire income or invest too much at once. At any one of your perils you feel like withdrawing this full amount.Which will go against your dream of holding bitcoin.
Yes, you're correct DCA is a good investment strategy for mostly to the benefit of low income earners who can't afford to big bitcoin in large quantity within a short time if they can maximize it under a well constructed plan in relation to their weekly or monthly income flow by devoting a certain percentage they are comfortable with for DCAing.
There is an expression that it likely pretty close to being true, and that is that the best time to enter bitcoin was yesterday, and the second best time to enter bitcoin is today.
i kind of like the mentality that the statement "
the best time to enter bitcoin was yesterday and the second best time to enter bitcoin is today" brings to every bitcoin holder that procrastinate ever buying Bitcoin or the person that is asking on the right time to buy the DIP. The best time to buy is never tomorrow regardless of the speculation on how low the price of bitcoin might drop in the future, if you can't buy it now, their is no certainty that you will be able to buy it tomorrow.
Some of us today that are enjoying the benefits of bitcoin today never bought it the day before yesterday but because of the knowledge we later grew about bitcoin that got us to cease from further procrastinating and started investing in
BTC without minding or considering the current price of that very time and today profits has been made from that decision of yesterday.
For it is same opportunity today as it were for those of us that bought and started investing from yesterday, and if they can stop from procrastinating further and start investing today not waiting for price to fall dipper before taking action to invest they will have themself to thank for taking action today.
What I think that makes some persons to continually procrastinate in their decision to invest in bitcoin is due to the lack of the right knowledge because just looking at the historical events of bitcoin price right from day one till date you can see from it that we're still in the right position to come into the market to invest.
You can have the knowledge but if it's not the right knowledge you can't know how and when to make the right decisions. it's as simple as that.