I personally like the idea of buying BTC every week especially for newbies who are wanting to build up their BTC stash and then potentially trying to time the BTC buy for the dips during each week, yet for beginners, even for the first 4 years or so, it may not be that important in regards to the average cost of your BTC, even though everyone would prefer to buy on a dip if they are able to do so, yet it does not seem to be a good practice, especially for newbies, to be holding back and waiting for dips rather than just buy as frequently as they can, such as on weekly basis, and then maybe even considering buying steadily for 4 years or more before changing buying strategies, unless you are able to front load your investment into BTC which could be done through DCA, buying on dips and/or lump sum investing, yet not everyone has abilities to lump sum invest, yet it can be a very useful way to get some value into bitcoin earlier on in your investment journey.
This is one of the advices or let me say warning that i ditch out to newbies or those actually trying to accumulate more bitcoin. Waiting for a dip to me Carries same risk as at not even investing at this period of time. I tell other investors sometimes that the lowest price you can catch bitcoin again could be the current price you meet it that day, No one is certain of a dip coming through it is just speculation and some speculation are just like procrastination to me. So one need to actually find a way to DCA it could be monthly, weekly or even bi-weekly depending on one’s income the thing just don’t stop due to narrative shared that there could be an upcoming dip.
So you have to figure out what your goals might be, and surely in this thread many of us are talking about long-term investment of 4-10 years or longer, so it would be a shame if you merely had been investing into bitcoin for only a few months and you did not continue to buy every month for the last 10-ish months. A certain value comes from ongoingly buying BTC in consistent and persistent ways rather than taking breaks, especially in the earliest of years.
Just like the quoted post, if he had been DCAing continuously and hadn’t stopped he would have caught prices below $60k multiple times and could have helped in better proportion to his average, his current average from those four price is around $50k to $55k but multiple DCa since then would have also gotten him lower this price and most importantly more accumulations but it still depends on one’s income