I don't know why some people are still waiting for the bitcoin price to drop down more before they buy their bitcoin, when they can use the benefit of the DCA method to accumulate as many bitcoins as they want at different prices. Waiting for the Bitcoin price might be a very wrong decision because the price of Bitcoin might just decide to keep moving up to start the main bull run. If it happens that way, the people who are waiting for the price drop have missed out on investing at a very low price.
If you are willing to invest in Bitcoin for a long-term investment, you can withdraw your Bitcoin at any time and still get your profit after some years
You know most people are just playing smart , waiting for the price to drop before they will start buying , which Is wrong expecially for time like this , because they may endup missing out big time , even though dip occur before the main surging , they may miss the dip or they may not be able to get themselves some good quantities of Bitcoin because it may not take time before the price will bounce back.
So is better to buy now using DCA strategies, and set some reserve funds incase of any dip occurs, so that one can accumulate more quantities smoothly without thinking of the dip or waiting for a massive drop in price before buying.
I don't really like to play into arguments that rich people are more privledged, since anyone could come into a situation in which they have lump sums available and they are willing to dedicate some or all of that lump sum to bitcoin investing. For example they could 1) win the lottery, 2) inherit money, 3) have had been investing for 10 years and building their investment portfolio little by little (so they are not exactly rich, but they have been engaging in good savings/investing practices), 4) received a bonus at work for some kind of job they carried out (expected or not expected these kinds of things sometimes can happen to even less wealthy people), 5) they recalculated their various funds (emergency, reserves and float) and unexpectedly, they come to the conclusion that they have an extra $2k that they are able to invest 6) they received a gift from friend/relative/acquaintance and/or 7) a variety of other possible reason they could come accross extra money, whether that is some extra from their DCA amount or maybe it is a more modest amount[/quote]
Exactly anyone can actually use lump-sum strategy depending on the individual condition though , and sir JJG have already given some wonderful example already , like winning a lottery, recieving a bonus at work for some kind of job they carried out etc. You can only say that the rich has more advantages when it comes to lump-sum purchasing, like most time due to having alot of cashflow, the money most rich are using may be higher than an average Man.