The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly
Absolutely
adultcrypto, the market has been full of opportunities for accumulating Bitcoin with all the market movements happening. It has been rewarding both DCA'ing and those buying the dips. But some folks refused to view it on this manner they prefer to complain or some people focus on the negative thoughts during dips instead of seeing the opportunities presented in the market for investors DCA'ing and those buying the dips. Trying to predict the market is very stressful, that's why Sticking to a DCA strategy especially when the market behavior is very unpredictable. Buying and HODLing bitcoin is the best way to go, it allows the market display and unfold different circumstances why you stay focused in accumulating and increasing your holdings believing in the potential growth.
There are many Bitcoin investment strategy and the reason DCA strategy is preferable for be is because is the best for those who are working and receiving salary monthly, this strategy won't be the best for a contractor who gets contract once in a while.
I don't think that the DCA strategy is not suitable for contractors. DCA is for everyone be it a salary earner, business man or contractor. Do you know that some contractors do make huge profits that can last them for one year than monthly salary earners. A contractor can have contract twice in a year and still DCA monthly without any problem. Since his funds comes in once in a while what he needs to do is a proper plan on how much he can use to DCA because he will have enough discretionary income after taking care of his bills for 6 months.
If he receives his payment, he can keep aside the amount of money that he will use to DCA regularly till another payment comes in. If for instance his discretionary income that he plans to use in buying bitcoin is $2400, he can choose to DCA weekly, biweekly, monthly or even quarterly. The contractor can use $400 to DCA every month or $1200 to frontload for 3 months and the other $1200 for the other 3 months. Or still if he wants to buy every week it means that he will be buying at $92 approximately every week.
What matters is proper planning because the contractor will just keep the $2400 without using it for any purpose but to invest in bitcoin according to the time he chooses to buy.