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. 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. 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.
Yet many are glad they got into crypto because investing in Bitcoin was a turning point for them financially, one of the best decisions they ever made. Bitcoin investing must have a strategy, if you don't have a strategy and randomly start investing in the Bitcoin market, you will face losses in the future. If you are waiting for the market to go down a lot, invest when the market is going down, you can't really tell when the opportunity will come. If you plan to invest DCA in Bitcoin long term you need to have an additional source of income. If you don't have an additional source of income then at some point you can leave the investment. DCA investing is where you spread your purchases over time rather than making one big investment. It will help you in timing the market and the risk of the market getting high. If you consistently buy bitcoins at different prices you can recoup your investment costs. Buy more when the market goes down and invest less when the market goes up and continue for the long term with patience. Hold your Bitcoin tight and profit from it in the future.
DCAing don't really matter if the market is high or low, so you don't have to wait for the market value goes down before investing. I agree with you about having an additional income or having a major source of income if you want to apply the DCA method, however making one big investment too is another strategy which is mostly the long sum method, which for me I believe is for people that have the purchasing powers to do so, however the whole idea is to best use a strategy that suits your income.