In collecting Bitcoin, everyone has a different strategy, there are those who buy it all at once whatever the price when they buy it and there are those who use the DCA method by collecting consistently according to the date they have set, but in both cases there are advantages and disadvantages too because if we buy At the same time, whatever the price at the time of purchase, of course we have to prepare a lot of money and we have to be able to hold it for a long period of time to be able to make a profit and if we use the DCA method, of course we have to buy it every date we have set and it will be very difficult if we don't have a fixed income.
Yes, that's right, when someone wants to invest in bitcoin, there are definitely many ways to buy it. Starting from lump sum purchases (Lumsump), to periodic purchases (DCA). So basically there is no need to be confused about this. Because the main purpose of purchasing bitcoin is of course to add to your portfolio. So whatever purchasing method you choose, the results will definitely not be much different. Moreover, if the aim of buying Bitcoin is to use it as a long-term investment, in my opinion if you want to use the Lumsump or DCA technique the results will definitely be the same.
So the most important thing is to first study the knowledge related to bitcoin. Because knowledge is a very important factor in expediting the investment process. Because if the science or knowledge about Bitcoin has been studied and understood first, then the problem of purchasing techniques will definitely not be something complicated. Because in the world of investment, purchasing techniques are stages that can determine the size of the profits that can be obtained and can also minimize risks when the worst possibility occurs, such as falling prices. But in bitcoin all of that can be rejected by investing in the long term. Because when we invest in Bitcoin for a long period of time, there will definitely be several halving cycles and bull markets that will pass. So even though this year the price of bitcoin is rising, we buy bitcoin, in the end there is a big possibility that we can still make a profit.
Indeed, if only invest in Bitcoin for one cycle (4 years), the profits will definitely not be too big. However, if invest more than one cycle, for example 3 or 4 cycles, it is likely that the profits will be very large. So in this phase, purchasing techniques when investing in Bitcoin can be said to be marginalized.