This method is especially useful for those who cannot afford to buy a large amount of bitcoins at once but are willing to invest in bitcoins. Only they can invest in this method and buy bitcoins in small amounts and hold it according to their specific goals.
I cannot completely agree with you. Because, as far as I know DCA method works for everyone and all types of people can invest in this method. DCA method is considered as ideal investment method for small scale or large scale investment. DCA approach reduces the risk of loss in the long run.
I agree with your sentiment here, the DCA accumulating strategy works mostly for someone that has the intention of holding for a very long period of time, because since you are buying in different price interval, you wouldn't reap the full dividend of it,, if you aren't a long term holder, so as we are still in the early days of Bitcoin, any buying price now will be very much ok, but in the future, when Bitcoin has already skyrocket to one million dollar, the DCA accumulating approach wouldn't be that idea again, so I urge all Bitcoineer to seize the opportunity now and utilitize the DCA accumulating strategy now that it's still effective.
I doubt that DCA is what will guarantee your success in Bitcoin investment in the long run. Most people DCA and later tamper their investment, some could not resist the hunger to sell when they see some price increment. Dollar-cost average is a strategy to buy and accumulate but what will determine our success in the investment in the long run is if we adhere to the rules of not selling, and no tampering till the maturity date or the day for sustainable withdrawal.
so as we are still in the early days of Bitcoin, any buying price now will be very much ok, but in the future, when Bitcoin has already skyrocket to one million dollar, the DCA accumulating approach wouldn't be that idea again, so I urge all Bitcoineer to seize the opportunity now and utilitize the DCA accumulating strategy now that it's still effective.
Depending on what you are referring to as early days.. The fact that you are believing that Bitcoin would go so high to such extent is quite realistic, because when it was below $10 dollars no one then expected it to reach $60k. In essence, it is an assurance that would help new and old investors to continuing investing in Bitcoin no matter the price it is now or would be in the coming days. Meanwhile, i have really thought about the DCA approach reaching a point where it becomes null for investors to use. Although it would be dependent if Bitcoin volatility ends completely which I do not see happening anytime seen. Since DCA does not care about the highs or the lows then it would be sustainable in a long time.