Any investor prefers this DCA method strategy, the most reliable key to success with DCA method. I started doing the DCA method. But I'm willing to hold this bitcoin for a long time if I don't face any danger. I will try my best to hold it for a long time.
That's not true at all. While DCA strategy could be the most popular one due to its simplicity and being "newbie-friendly" (i.e. no knowledge of markets is necessary), most seasoned investors would prefer more active strategies, like "buying the dip", as they tend to yield higher returns (on average that is).
There are quite a few videos or articles on this subject already, here's one of them with a quick summary of DCA Vs. Buying the dip:
https://www.vectorvest.com/blog/swing-trading/dollar-cost-averaging-vs-buying-the-dip/- If you are willing to sacrifice your potential returns and subject your portfolio to unnecessary downside for the sake of saving time and stress, dollar cost averaging is probably the right choice. It’s a simple “set it and forget it” strategy for those investing for retirement.
- If you want to maximize returns, protect your portfolio from losses during unfavorable periods, and be more active in choosing your investments/position sizes, buying the dip is the obvious choice. Sure, it takes more time and can be stressful/complex – but it’s worth it in the end. And, you can simplify the strategy, save time, and stress less with the right approach (more on that in a moment).