I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.
You are basically talking like a fool, and like poor holders talking like that. You can usually reach the roots of others by using DCA techniques.
Those who have started using Bitcoin once are basically always updated, and ready to buy more and more. You notice that the current holders are basically invested in Bitcoin for the long term. Long term investment is the only useful one.
Actually what he said is a good method for scalp trading. I’m using same method except from shorting the market if I have an extra fund I allocate for trading.
The only thing that makes this comment is a fool method just like what you said is because he suggest this method on a thread dedicated for holding not for scalping so people here will surely don’t appreciate his comment.
We have different risk appetite, some people can still DCA even if the price is near ATH but others wait for a certain correction before they start to DCA. I personally do both, I have a holdings dedicated for long term investment and for trading purposes dedicated for buying and selling on every price action of Bitcoin.