Investment is one economic way of sustainably developing our funds and surely we can't do that successfully in a short term duration. For short term period bitcoin investment there's the tendency that the investor may be less profitable or not profitable at all within the short duration, that's what makes a long term duration the best investment plan for bitcoin because you can always adjust your time further based on the market performance if price takes a downside direction and sits there for some period of time the investor doesn't grow anxiety since from the initial the plan was for a long duration.
Investing of course DCA method is best to invest in Bitcoin and not anywhere else. Because if you invest anywhere other than Bitcoin then your entire money will be at risk. So you should also have a plan how to make your investment long-term, and planning is most important to save long-term investment.
DCA method is the easiest method for any investor to multiply his money here. If the person wants he can deposit his money continuously weekly or monthly like when I enter this thread I immediately start doing Bitcoin DCA method after few days. I'm almost two years past investment age and the most self-sufficient I've been since 2023.
Of course, the best time to invest is during the dip.
There's no specific time or period to invest in bitcoin. If anyone is interested in investing in bitcoin, and if that person has already kept the funds somewhere to start his bitcoin investment, the person can start right away to accumulate bitcoin with the DCA strategy. Trying to invest in bitcoin only during the dips is not a good strategy to adopt; it will delay your accumulation process, and you might miss out on holding bitcoin if the bitcoin price fails to dip to the price you want to buy. For the sake of those who are new to bitcoin or who are just starting their bitcoin investment, your comment is misleading because they will believe the best time to invest in bitcoin is during the dip.
Experienced and knowledgeable people will never wait for dip season to invest. Because they will buy regularly instead of waiting for dip season and adopt DCA method to increase their investment. Moreover, if an investor uses the dollar cost averaging method in his investments, he may not have to wait for a bearish market because he will spend the same amount of money on a weekly or monthly basis to buy Bitcoins. If the market goes up, he has a little disadvantage because he can buy less bitcoins at that price, and if the market goes down, he has the advantage that he can buy a little more bitcoins at that price. However, even if the market is going up or down, the average cost of his investment will remain the same.
Waiting for the dip only to buy Bitcoin comes with a lot of obvious disadvantages. For example, you may be targeting tho but the dip only and miss out actually buying Bitcoin if the level of dip you're expecting doesn't occur because you can't predict the extent of the volatility of the price of Bitcoin. You also subject yourself to unnecessary emotional stress while constantly checking for the dip or if your buy orders have executed.
You can also never predict the perfect dip as prices may continue to dip even after your dip has reached and you have purchased Bitcoin giving you significant loses as compared to the person who uses DCA strategy.
Also focusing on short term price fluctuations may give you short sight and deprive you of focusing on bitcoins long-term growth and development potential.
Many have commented that the dip is the best time to invest in Bitcoin, such comments are simply foolish. There is no fixed time limit for Bitcoin investment. I think you have enough funds to invest you invest and try to increase it gradually take steps to hold even longer as per your ability.
While buying the dip is also a good accumulation strategy, employing only it is what I term foolish because a lot of opportunities can be missed and we all know that money comes and goes, it can even go into things of less importance if not used correctly, worse still if kept in the bank, it continues to depreciate, so why would you just keep the funds stagnant, gambling with the dip when you can put it into proper use by purchasing periodically as the discretionary funds presents itself.
It's also evident that when you've much money in your account, you tend to be lazier to hustling for more, but when you're aware that the funds have gone into something meaningful like DCA in Bitcoin and it's not coming out anytime soon, it gives you this motivation to hustle move to get more funds available for you to maintain your level of living.
Finally, DCA helps reduce the impact of volatility as you purchase regularly at fixed intervals over time, this helps also to relieve the investor the pressure of losing lots of money at the same time.