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. This is why we should rather be reasonable than be brainwashed by a certain strategy. No doubt, the DCA strategy is a very good one, still, the right applications matter depending on the market condition and not just buying and buying even as the market is clearly at an overbought region.
Any reasonable and experienced investor must consider other factors like that for him to know when is the best price to strike the market. Above all, the price you buy matters regardless of whether you DCA or not, which is what @As-Soon-As was trying to explain because you will gain more and be even safer buying the dip than buying at the peak. Who does that in the history of investing except such a person is inexperienced?
It is funny to hear that an intending investors is more reasonable in his investment plans just because he is waiting for the dip season to come before he can invest, this is the first time am hearing that and its very surprising to me, @EarnOnVictor with what you have said already it means that your advise to newbies is centered of changing thier mindset to buy during the Bitcoin dip season, if that's the case, what if the dip season doesn't come very quick, that's to say that the investor will keep waiting until the price dips, do you also know that in the course of waiting for the dip to come the person or individuals involved may tamper with the funds set aside for the said investment and that may be the end of the road for them in bitcoin investment.
The reason why many people advocate for DCA method is because it gives you opportunity to use whatever you can afford to invest constantly, slowly and steadily instead of waiting for the dip season to come, and who said someone using DCA method to accumulate Bitcoin can't benefit much too during the dip season, no one is over hyping DCA method as you said, is just that it has proven to be the most efficient and easy going method of accumulating Bitcoin by intending and existing bitcoiners.
Going by what you said about people that bought Bitcoin at 68k in 2021 with DCA method, it seems as if you ain't putting records straight, this year 2024 we all saw Bitcoin reach its ATH thats 70k and above and as an optimistic bitcoiners, we still believe that Bitcoin price is going to surpass the previous ATH, Bitcoin is not doing bad this time as it is in 60k plus which is also close to the previous ATH, I think no one is brainwashed, it is a matter of choice and something that will allow you to invest easily without pressure.
Even experience investors buy with the DCA method but buy in large sum once the price dips because the can't wait until the price dips, they understand that Bitcoin is a volatile asset thats is capable of making funny movement that they might regret not being part of, so for me I don't support your idea of buying the dip only since Bitcoin is a long-term investment buying at all time irrespective of the price check will help you to have a bulky portfolio overtime without pressure and stress of any kind.
The statement of the the DCA method being overhyped might seem surprising but it's not surprising to me cause I see it as a prove to a statement I made earlier that not everyone understands the concept of Bitcoin investment. The question I've got for EarnOnVictor is that, how is the DCA method overhyped? I wonder why he'll say a method that gives every class of investors the opportunity to invest periodically overtime is overhyped. One thing people don't understand about that method is that volatility is not a barrier to it, so far an investor is financial capable of investing for long-term, you don't really have to wait for the bearish season or dip to maximise profits but rather would've invested the little you've got and still take advantage of the bearish season as well so it's a win win situation, expect the investors is one of those who take loans or someone who doesn't have a stable income but wait for the bearish season to take advantage of the market, bit it's not very advisable and also not the concept of Bitcoin investment, Bitcoin investment are for those who think long-term and not for people who invest to take profits after an upsurge. Those who invested in 2021 at 68k with the DCA method has nothing to lose and their's chances that they even got more coin in their portfolio cause BTC still set an ATH this year and moreover they've been staking their portfolio overtime and gain back what they've lost at every upsurge, that's what EarnOnVictor should've thought about before making that statement.