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.
You reasonably asked this excellent question, but if you have been reading my posts about this, it has always been answered here many times. Regardless, it is overhyped by many people here because they believe it will always work without considering the condition of the asset itself, how senseless is that? The asset (Bitcoin in this case) and its price are "supreme" here, and its nature/behaviour must be the number one priority/factor to consider and not the DCA strategy for it to work best.
Fine, the DCA approach is good, no one is disputing that, it averages the risks and gains but telling me to apply it blindly as JayJuanGee and many others are preaching is gross to me. Quote me anywhere, there are situations where the DCA approach will fail you for years and other investment approaches will help you out unless you wait (patience), this is why investors should not be static like many of them preach. You can wonder those who believed in the DCA approach buying Bitcoin at $68,000 in 2021 with no regard for the asset condition/chart/behaviour at that time, tell me, 3 years after, are they still in profits? No, what investment plan is that? This is practical!
All I preach against is not for people to use the DCA, but before using it, try to learn the prevailing market conditions to be careful and avoid tying your money somewhere unprofitably. These guys are only following what they read and watch online, some of them are only lucky one way or another thinking they know investing, but they don't. I wonder how someone would want to DCA with disregard to other market factors if not for their low knowledge of it or being a newbie in it. If DCA is that perfect, I wonder why big companies are contracting their investment management to brokerages and other investment firms, they should have just DCA at any price and continue to gamble away their money.