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?
You are a beginner in investment. You shouldn't worry about what others are doing. Do the best you can but the best way is to maintain consistency and dont focus on the market price at each point in time if not you would not be able to start your investment. There are several strategies for Bitcoin investment but DCA is one method that has been adopted by both new and old investors. With time you will know what strategy would best fit your risk tolerance, financial strength and accumulate goals. If you have enough funds you an choose to lump sum so that you have a good amount of Bitcoin in your portfolio.
The only strategy i have been against is people timing the market. When an investor do that they are more prone to miss out in opportunities they fully wait for. Every point is a good time to buy Bitcoin whether we are lump suming or dcaing.
Lump sum method of investment is good but I feel its too wild for a beginner especially the one that hasn't really understood the market that well and the reason why I say this is because that new investor can easily be affected whenever he sees the price dip and especially when he used large sum of money to buy because he will be scared of the funds dropping so my advice for any new investor should be DCA method so atleast you will just have to do with continuity and with time get to understand although both methods are still effective but I guess it depends on the investor himself to fully understand how the Bitcoin market works.
And again you thinking about other people investment shows that you clearly need to do some study about investment on a general note, before ever starting an investment your own goal is what you should focus on and for Bitcoin investment what you need to do is just learn the basics and ofcourse have the general patience that Bitcoin investment won't make you rich overnight as it's a gradual process and patience and commitment is the key.