Of course, if it is possible to hold Bitcoin in the long term, then such investment strategies must be adopted. Investments are usually only profitable if they are long-term, but investing with a small amount of money can be done long-term only by following the DCA method. Many people use many types of strategies but the DCA strategy is one of the most popular strategies, where all investors have found success using the DCA strategy.
Dollar Cost Averaging DCA in this investment strategy if an investor can make his investment consistently then he can succeed in this strategy with low risk. We who are real investors, before thinking whether we will make a profit, think about whether we are investing in the right strategy and how much our money is safe or at risk after investing.
I invested 1000 dollars together and at one stage of bitcoin market I took that investment if the market dumps then there will be additional loss but the investment remains the highest risk but it is different with DCA investment strategy.
In the DCA investment strategy we will invest that $1000 in several stages and we will maintain the consistency of the investment so that we can buy bitcoins from each stage when the price changes.
By doing this it will be seen that we are investing reducing the risk in our investment.
If an investor has $1000 to invest then I would say that is enough to start with. If the investor wants to start investing initially with this 1000 dollars then he has to divide this 1000 dollars into several parts. For example, I divided 1000 dollars into 10 parts at $100 and after dividing into 10 parts, we have to invest this 1000 dollars in 10 steps. For example, if I invest today with $100 and again after a certain time I invest with $100 and in this way I maintain my investment consistency then it will be seen that we are investing in the right way.
A mistake that we new investors make is not setting our target. Determining the target is very important, in a word, the investment target can be considered as the structure or design of a building before it is constructed. Just as a building without a design is not possible precisely because of it, it is impossible to sustain an investment without a specific goal in a long-term investment plan.
I hope every investor will adopt the DCA investment strategy for his own investment as well as extend the investment period.
DCA is not necessarily the best strategy for someone who already has a lump sum available. DCA is generally considered to be a good strategy for someone who does not have a lump sum and they hare investing into BTC on a regular basis in accordance with their income (their disposable income which is what income is left after expenses). Of course, if someone has a lump sum then they have options to invest it right away or to employ either DCA and/or buying on dip strategies, and so they should account for their own situations, which includes considering if they already have BTC or if they might supplement their lump sum (if they were to buy right away) with a DCA and/or buying on dip strategy.
Many times in this thread we discussed that DCAing tends to be better for beginners to establish a bitcoin position from their income, and surely the more bitcoin that the newbie bitcoin investor accumulates, the more options that they might have to employ techniques that are not buying right away, even though each person has to figure out those kinds of matters for themselves, and it seems with bitcoin beginners might need to spend 4-10 years or longer just accumulating, and at some point in that accumulation journey there might be choices that may or may not end up being correct ones (but hopefully they are individually tailored) to move away from DCA strategies and employ other BTC accumulation and/or BTC portfolio management or maintenance techniques.
If they can buy in bulk then maybe its good for them but if they do DCA maybe they should start as early as they can since this is I think more better decision to do compare of waiting for unnecessary dumps.
You could do both.
¯\_(ツ)_/¯
After all of these years talking about this buy the dip topic, you should realize and appreciate by now that there are always tradeoffs for anyone who decides to hold back value in order to wait for dips that may or may not end up coming.
Purposefully holding off for dips seems to be way more logically justifiable after a BTC accumulator had already accumulated a decent amount of BTC, and even then, they may mis-assess how much is a decent amount of BTC, so likely it remains way better for a BTC accumulator to largely focus on regular DCA buying through a whole BTC cycle before starting to try to strategize buying dips, unless they have abilities to front load their BTC investment, which would have had put them into a different position from someone who is ONLY able to invest 10-15% or less of his disposable income into bitcoin.