Perhaps the only way to learn is to ask questions, I would prefer you ask questions where seems confusing to you than for you to create some level of assumptions that seems very lame and unrealistic. looking at the context of the thread there are few other threads where you can learn basic things about bitcoin investment and smarter ways to buy and hold for a longer term if you indicate interest in them or such thread I will be glad to refer you to some of JayJuanGee's thread which he discussed the basics on each entry that you could make. this threads are even suggested outside the forum which shows the level of original and how true it is, now I would love you to ask or request for links if you're interested but if not you can stick with this thread and ask questions instead of confusing others with your own perspectives.
Okay, thank you in advance.
In this thread I read a lot about DCA, and after I found out that this strategy I think everyone can use it because it doesn't seem to need a lot of money to do it, you just have to be consistent in doing it.
But is DCA the best strategy to use?
It depends on the size of your bitcoin portfolio that will determine the strategy an investor will use to accumulate bitcoin.
For new investors who just want to start accumulating bitcoin or investors who have little bitcoin in the or portfolio DCA method is the best for these set of investors because DCA method will help new investors to keep on buying bitcoin with an amount from their discretionary income every week or month constantly and continously for 4-10 years and above so that your bitcoin investment will be growing slow and steady with it affecting your financial responsibilities.
The DCA method makes it easy for you to invest and hodli for a long time without touching your bitcoin, because this method will discipline you and help you manage your discretionary income properly because for you to be able to hodli your bitcoin investment for long, you will need to set up an emergency funds from your discretionary income for 3-6 months to be a back up for your bitcoin investment along side as you are growing your bitcoin investment. A reserve funds will also be set up from your discretionary income to be a back up to your emergency funds.
However, if a new investor during is ongoing DCA buying gets and unexpected funds that he can do without, he can use that money to lump sum immediately to increase his bitcoin size faster. Waiting for the dip is for bitcoin investors who their bitcoin portfolio have reached a certain level, and for that reason even if they wait for the dip it will be of advantage to them because they will buy a good fraction of bitcoin at a low price to add to their bitcoin portfolio for a significant increase.
A new investor does not need to wait buy just to keep on buying overtime to cover up the wasted time that he was unable to invest in bitcoin.