The DCA is Not the first step to buy, it's the best strategy to buy for most people because it will save you from stress unlike the DIP and HODL.
Firstly, we can not generalize that the dca strategy is the first step or the best but yes it a good strategy that has numerous benefits to buy and hodl Bitcoin
At this point, no need of beating about the bush with grammar, we have to face reality. A lot of us in this thread are not whales, we buy with little amounts so the DCA method still remain the best method. The DCA method allow us the discipline to buy in a well defined fashion and that is good for retail investors like us. I am thinking that if we focus on working with the the DCA method, many of us will make outstanding progress in our Bitcoin investing rather than confusing ourselves with other complex methods. If someone start investing in Bitcoin today using the DCA method, in few years to come his collection would have surpass his expectations if he is able to work it in a way that he will not be pressured to sell. This is one thing that make the DCA method to stand out among other methods. What more does a newbie investor need than this organized and systematic method?
every investor must make that inform decision on the choice of strategy or strategies that will suits him or her in terms of psychology/ financial situation plus investment goals and objectives, reason being that there are investors that doesn't care much about market volatility with a higher risk tolerance level such that they may even make there first buy a lump sum buy on receiving a huge amount of money and buy right away,
Actually there are people in this category but they are in minority with respect to this discussion because majority of the participants seems to love the DCA method more as it is easier to implement and look more like a process with added advantage of not having a serious burden on our finances.
undoubtedly there are those that has acquire the basic and fundamental knowledge in Bitcoin and has built lots of confidence and conviction in what Bitcoin has to offer but are very limited in terms of finance may be even struggling to meet up with there basic expenses let alone making any form of investment
This set should not be thinking about investment but how to fix their finances first. Investment is safe when basic needs have been met and not the other way round. If basic needs are not met, then the invest is at the risk of being liquidated anytime and that is not right.