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.
I totally disagree with you here, purchasing Bitcoin through the lumsump strategy and the DCA method can never give the same results, the lumsump strategy is way more profitable because you are only buying the dip and hold, which means you can get a very large amount of Bitcoin at a very cheap rate, compared to DCA that you can even buy at an expensive rate most times. what makes the DCA method special is that as an investor that don't have much capital, you are able to buy at your own comfort bit by bit, monthly or weekly and you don't have to wait for the deep for you to buy, because most times that deep you are actually waiting for my not come again, since no body knows the lowest possible deep this time around, so it's mainly good at accumulating large amount of Bitcoin over time.
I equally disagree with you that lumpsum buying gives more profits. Have you thought about missing opportunities and FOMO that is common with lumpsum buying? You will agree with me that it is difficult if not impossible to determine the true dip, this is why most people who wait for the dip often experiences missed opportunities. Using the DCA method on the other hand, does not really require the waiting and possible missing of opportunities. I will give you some examples. Instead of arguing which gives more profit, I think we should be focused on how best we can apply that which is suitable to us, I mean our preferred method of collecting bitcoin.
There was a time bitcoin stayed around $26k for a long time. Those that buy the dip will be waiting for the dip here while those using DCA will be collecting a lot of bitcoin at this price. Bitcoin never gave any shock before price left this zone to the $29k to $30k area. Those buying the dips might either miss the opportunity or buy tiny fraction of their budget. Same scenario played out in the $36k and even when price crossed $39k.
It is therefore very clear that the DCA method can be very useful and highly profitable in most cases even when price is in a range or in downtrend. It is also important to emphasize that the method of buying is a matter of individual choice and so long as the purchase is for long term holding, it is absolutely profitable.