Since I know that I am accumulating bitcoin for the long term, I am not primarily concerned about buying the bitcoin dip so that I will not be carried away by it and mess up my bitcoin accumulation journey. Based on the money I used to accumulate bitcoin monthly, I still have a long time before I accumulate the quantity of bitcoin I want to hold. So I stick with accumulating bitcoin monthly when my money is readily available for me to use. This discipline has helped me to accumulate bitcoin without going through any difficulties, and it also allows me to accumulate bitcoin when bitcoin is increasing or decreasing. This is how I accumulate bitcoin with the DCA strategy.
Continuing to consistently do what you have started, of course, this will be very profitable for you when the Bitcoin price reaches a new ATH later and this will not be possible for those who do not understand well how to invest in Bitcoin, it is true that if we choose to combining the purchasing method is decreasing and using the DCA method could cause us to be disturbed when purchasing using the DCA method. It could be that the funds we use to purchase the DCA method we use when purchasing are decreasing so we have to buy in small quantities when purchasing using the DCA method, I think it would be better for us to just use the DCA method as you have done, of course this will be very profitable for us.
Even though I am anticipating bitcoin to reach the $100k price, I am not accumulating bitcoin to sell it when it reaches $100k. The $100k price will increase the adoption of bitcoin because so many people still have doubts about it, but if the bitcoin price gets to $100k this year or next year, it will change their impressions about bitcoin. Every investor accumulates bitcoin based on their discretionary fund. If your discretionary fund allows you to accumulate bitcoin with the DCA strategy and also buy the dip, go on with the plan because it will help you to be fast on your accumulation journey.
Bitcoin has risen dramatically since its inception and till today, using it as a store of value is just concerned by a few number of individuals. Bitcoin has a consensus it has been following and I believe it will continue to follow that path for years to come from now. If you wish to use it as a store of value, it just makes a lot of sense because in its initial purpose, it should serve for that. But due to large number of people using it for investment purpose and some other factors attached, its volatility nature will continue to prevail and makes it unlikely to remain at a particular price and be regarded as a store of value for a long time. The concept of the store of value will make more sense without the volatile nature of it, but since it is not, you’ll only get to be profitable when the price is on high value.
So even if Bitcoin hits 100k today it will still grow bigger tomorrow so they mindset should always be to accumulate more and more the only time we should think about selling is when we are now retired or we could even pass it to our children as inheritance.