DCA strategy ( Dollar Cost Averaging): this is an investment strategy where you buy Bitcoin at a regular interval, not minding the price. One can just set a particular amount which he or she will be using to buy Bitcoin it could be weekly or monthly. I'm using the strategy and it has been a wonderful experience so far.
Buying during the Dip: this is also an accumulation strategy it involves waiting for Bitcoin to dip before accumulating or buying.
Lump Sum: Some people decide to buy their bitcoin all at once at a price they feel is good for them. This strategy is referred to as Lump sum. one can just be saving till when he feels he has enough money he can just purchase Bitcoin using all the savings or one can use an inherited money to purchase all at once.
The main advantage of buying and holding is that it is simple and straightforward.
Everyone knows what they think is best for them, this they know after carefully evaluating themselves and the level of risks they can manage. For someone who intends to invest in bitcoins for the first time, I will recommend the Dollar Cost Averaging (DCA) method of investing in bitcoins. This is because, new investors might not be able to accurately analyse the market to know when exactly to buy or not to buy. Therefore, instead of buying at a price you are not sure of with a huge sum of money, it is better to buy in bits at intervals so as to reduce your risks. This method is not limited to beginners only, anyone who does not trust his ability to analyse the market accurately and buy at a fair price should adopt the DCA method.
Buying large bitcoins at once has the potential of generating lots of returns but only experts who are good at analysing the market should adopt this method because huge losses may arise if the investor fails to make his analysis well .