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, why is it spelt as HODL instead of HOLD?
It defeat the interest of investor to became consistent on their accumulation especially if they always look forward with the dip then accumulate. This is really wrong action to do especially if they are going to engage in long term investment with bitcoin. Since it maybe could give them fear to accumulate at highs and that could slow down their accumulation plans, so focus on current thing they do and just think about the dip is a bonus so that there's no further issues will float and they can smoothly execute their good actions done with their investment.
HODL word also explained so well here
https://www.investopedia.com/terms/h/hodl.aspThis became a famous word for people in crypto and this is always been said especially if they want people to make people encourage to hold their butts to hold their coins if there is a long dump happening or they just want to invest on bitcoin for long time.