Buying on a dip is definitely a good idea but an investor cannot get advance information about when a dip will occur. And if he can't buy from the dip, his bitcoin portfolio won't grow. This means that this strategy will never be profitable for those who only want to increase their Bitcoin holdings by buying from the dip. If those investors do only DCA then they will have the opportunity to buy on the dip and continue their holdings even if the price of Bitcoin goes up slightly. This will increase their Bitcoin amount. A holder's main objective should be to increase the amount of Bitcoins so that he can build permanent assets in the long term.
I couldn't agree more with you! Combining the DCA with a long time perspective, investors can effectively navigate market fluctuations And steadily grow their holdings. DCA can also help reduce the impact of emotional decision making which is a major pitfall for investors.
I just have one question please, what is it spelt as HODL instead of HOLD?
HODL is just an acroynm which means, hold on for dear life. Each letters represent a word of it's own. Irrespective of what is happening in the bitcoin market Hodlers are not concerned or bothered by it. People who Hodl are long term investors that doesn't care about what happens with bitcoin prices. they are not just motivated to path ways with it. Hodlers are investors who see what ordinary investors are not seeing. That's why it is spelt differently from Hold. Anybody can hold bitcoin, but not everyone can hold on for dear life.