The DCA concept is a potential medium for sustainable Bitcoin investment where a portion of disposable income is constantly accumulating. Considering the volatile prices and bullish trend it can be a much better decision by accumulating a valuable asset with household daily expenses. Here is the assurance of proper use of limited resources as well as the assurance of alternative valuable resources for future generations. If you want to generate more growth, you can decent the portfolio by increasing your buying during bearish times. Basically holding bitcoin for long periods of time.
The practical saying of investing and forgetting can mean holding for a long time regardless of value which is of course very important for Bitcoin holders. Only the growth of stashing should be taken into account at intervals of time.
Well said, I agree with your view concerning growth of our Bitcoin Portfolio which is about accumulating more so as to have more stash of Bitcoin. This is necessary for every Bitcoiner/investor to take into consideration especially when dealing with a valuable, limited asset like Bitcoin.
The more stash of Bitcoin an investor possesses the higher the profit to be expected likewise reaching a maturity stage which can only be achieved if one has discipline, DCAing or using any other approach to accumulate more Bitcoin.
As you said earlier, buying more Bitcoin during a drop (dip) enables Accumulation process and purchasing power to buy more since its cheaper then. I believe by now investors should understand the need for a long term approach in Bitcoin Market, avoid panicking and follow through there plans with 4-10 years of hodling.
Yes, DCA is the best and most profitable way to invest in Bitcoin. Always consider investing in DCA. If you are disciplined and invest regularly on a weekly basis, it will become more profitable for you. Make a plan for the long term, (at least 5 years). You have to decide that during these 5 years or more, you don't even think about selling your holdings, you just have to buy, no matter how much the price goes up or down, you have to buy regularly on a weekly or monthly basis, market pump? buy, market dump? Buy more and it requires you to have at least 2 sources of income, so that if one source of income is somehow lost, you can continue your investment with the other. And definitely keep some money in cash aside for emergencies. In short, regardless of the situation, you will continue investing and holding. Then you will see that after a long period of time you will get a much higher return than what you expected.
These are now common suggestions heard everywhere. DCA is definitely a good strategy.
But we can follow the market and make various predictions to understand the minimum price of Bitcoin can fall to USD so accordingly we can create many Dip positions and when the price of Bitcoin reaches that price we can buy Bitcoin according to our financial condition and ability to invest. And if we can hold them for long term then it will be very easy to make good amount of profit.
No matter what strategy you use if you can't hold bitcoin long term. In that case Bitcoin will not give you a very good return. so your main focus in investing in Bitcoins should be to hold Bitcoins for the long term