But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.
If you are adopting DCA in investment then why mention dip season. The Dollar Cost Averaging method is where you purchase bitcoins for investment purposes on a weekly, monthly or quarterly basis. My only point of mentioning this is that since you are buying bitcoins for investment with a certain amount of money over a period of time then why should you wait for the dip season.
He is waiting for the dip season, and for this, he is more reasonable. The DCA strategy might have been overhyped by many of you, but it also has its downside, and if waiting for the market to dip before he applies it to maximise his profits, why not?
A clear explanation goes for those who were overbearing by Bitcoin as far back as 2021, they bought the coin at $68,000 in the name of having believed in Bitcoin and DCA strategy is supreme, can they still be in profits after over 3 years (in 2024) judging by the current price of Bitcoin? The answer is a capital NO.
Why are you sounding as if you don't know what DCA means and you are setting example of someone who bought bitcoin at $68k when you know that he didn't just lump sum on $68k price and remained like that till now. Since you said it is DCA, after buying at $68k he didn't stop but continue buying even when bitcoin was at the bottom line of the bear the investor also bought at $16k+ at December 2022 and so on.
It is when you buy once without keeping your DCA ongoing from then till now that the investor might be at loss but if his DCA in still ongoing, the investor should be in profit because he bought more when the price of bitcoin was down compared to when it was up. The reason why I said this is because since when the bear market started till this current price time-line is longer than how many times he bought at $68k.
So when giving an example, you should not only take the side that will favor your point and leave the facts behind. It is clear and many forum member here knows that DCA buying is effective and efficient for a long term hodli, also majority of people here knows that bitcoin long investment and hodli is more profitable but some people will never have the patience to be long-term hodler due to little profits from bitcoin price fluctuation.
Iit is now I understand that you don't know what the effect of compounding value of bitcoin can bring in the long run.