I agree with some opinions about DCA where there is nothing you need to think about other than your focus on buying Bitcoin on an ongoing basis where you buy BTC regularly every week. No need to do it aggressively but just adjust it to the same budget as you did for your first purchase. With DCA, you don't need to worry about the price going down because while you are still in the accumulation stage, the price drop is a big enough opportunity to continue buying Bitcoin.
You can focus on investment targets every year because I have implemented this where the first year goes quite smoothly and that way we can focus on the following year. Bitcoin can change your life if you are smart in investing in Bitcoin. The meaning of being smart is holding it for the long term without being burdened by thoughts that haunt you.
Actually, this DAC has been an effective method for most of the communities in the field we live in, and it has been proven by most of them. All that is needed is that we have a plan for why we will do it. And that plan will motivate us to persevere in saving for the future.
Even rich people are doing this because they see that DCA is really proven and tested. If Bitcoin or cryptocurrency has not yet been created, we are already doing this to people all over the world, if we call it future savings, right?
DCA method is mainly for rich and poor and
all types of people who will mainly participate in trading need this method. If you invest in this method, the investment is successful, because I help myself. I have been using this method for a long time of 1 year and 3 months. I have moved towards a successful journey. So this method is a good method for all investors, because those who learn to invest using this method, will not hire Arabic using any other method. You too invest using this method and you will see that the future journey will be successful and you will be able to complete the investment yourself. Usually in Bitcoin investing using the DCA method plays a major role in controlling the average price.
I disagree with you on that bolded statement of yours. How would a trader use DCA method to buy and sell in no time, that sounds weird. DCA strategy is a method in which investors that are ready to hodli their bitcoin investment for a long time uses to make sure that they buy regularly in order to build up their bitcoin portfolio. The DCA strategy is best for no coiner or low coiner, because it will give them the advantage to grow and build their bitcoin investment to achieve their bitcoin target over time.
As stated by JJG, that it is better to stay focus and increase your bitcoin investment portfolio strictly with DCA method if you are a beginner or you ha e just started your bitcoin journey, as it is more effective and easy to practice, all you need to do is to be persistent and consistent with DCAing, as long as you ha e put everything in place that would not make you stop or sell some part of your bitcoin due to unforseen circumstances. However, if along the line of your DCA, and you have the opportunity to lump sum or buy at the dip because you are prepared for it, the better for you. Traders don't need DCA because they are gamblers and would don't care about long term investment.