When it comes to Bitcoin investment we have to base on many factors otherwise it will never be possible to make money from Bitcoin investment. Especially when a trader buys bitcoins for investment with his own money he must follow some tips. For example, one should buy when the market is deep and mark the time when one buys so that even if the market goes down, one can buy again later. Moreover, a user must plan long-term investments so that after purchasing from the market, he can hold it for a long time if it goes down. A user must be patient enough and disciplined when buying bitcoins for long term holding. One should never lose patience to hold bitcoins but one should hold with patience but success is possible.
I don't mean to hijack your answer, but could you please explain how waiting to buy on dips relates to regular DCA? You are contradicting the different methods of investing. An investor decides which method of investment he wants to use, it may be waiting to buy the dip, regular DCA, or lump sum to mention a few. However, if he has more money when he DCA consistently he can choose to wait for the market to dip and then buy as long as he is buying below the ATH. He may also choose to lump sum which is buying aggressively to reach his goal. It doesn't affect his DCA approach that is what you should understand.
DCA must be practiced when buying bitcoins but the losses will be minimal, and when he invests using this method it must be for the long term. When you invest you have to take risks without risk you can never be successful.
It is not compulsory to adopt the DCA strategy. Every investor has the right to choose which method he wants to use in investing. Ad long as it will help him achieve his goal without any hindrance or losses. You can recommend DCA to anyone because it has less risk but it's optional to choose to lump sum or DCA. Every method has its advantages and disadvantages, if an investor chooses to manage risk and slow accumulation then DCA is the best. But if the investor has enough money and wants to accumulate bitcoin faster then he can go all in by lump sum. Don't you know i Bitcoin reaches the price i know I can afford a whole if but I would lump sum. I can't do that right now that is why I stick to my DCA. My target is to achieve 1 bitcoin.
And if you invest, you must always start with a small amount of money and if you gradually increase the amount of money, at some point the fraction of bitcoins will be very high. As we can see the price of Bitcoin is constantly increasing and when you keep investing as per amount you will get profit as per the fraction of Bitcoin at a time with higher price of Bitcoin. So always buy when the market dips and never lose patience by buying it but holding for long time is best.
It seems you like using the word
must. Let me put it his way, whether big or small amount of money you can start investing in Bitcoin. As long as it is what you can afford to lose. It also depends on the amount of your monthly income, that you will use to set up your investment method and start investing. If you dcaing the only time you may choose to increase your percentage of investment is either your monthly income increases or you have some disposable money given to you by someone.