Bitcoin has made many people lazy investors since it is such that you can buy and leave and over time, it will still go back to the level regardless of whether you will hardly make a dime from it or not. Where they start having issues is when they buy at the peak and Bitcoin never returned there for so long, is that a smart investment when losing or earning little for too long? Investing is never by force, that's why we should be reasonable. I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition. If the market is either overbought or diverging towards the bearish side or already started selling, why not wait until the dip effectively happens before DCAing? That is smarter and you even make more than the person who would buy it from the peak. I don't know why that's difficult for many of you to know someone's style. All you want is a blind investment approach, I can't join you on that.
Your statement is wrong! I can't imagine Bitcoin investment making people lazy due to long-term investment. Long-term plans are like a marathon, and not a sprint. It's like planting a seed that you know you will surely reap from it in the future. Now the nurturing stage is the accumulation process, though it grows slowly it magically grows to yield a good fruit. If buying gradually with DCA and planning a long-term plan is very slow and looks lazy from your own perceptive. I don't care because I am planting a seed in the future. It's better to accumulate gradually and see your investment grow in the future than trying to be a millionaire in weeks with trading. It's all about a strategy and not sloth.
I don't know what you classify to be laziness. Do you think traders are the busy/serious ones in Bitcoin because they tend to time the market regularly? I doubt you have any good reason to say long-term holders are lazy. Because a long-term investor has a long-term plan to accumulate Bitcoin. If he has plans to hold for a decade or two. He can set goals to keep accumulating till two cycles pass. He may choose to start diversifying later on if he feels the accumulation is enough, lol but seeing your portfolio grow can make someone not get tired of investing.
I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition. If the market is either overbought or diverging towards the bearish side or already started selling, why not wait until the dip effectively happens before DCAing? That is smarter and you even make more than the person who would buy it from the peak. I don't know why that's difficult for many of you to know someone's style. All you want is a blind investment approach, I can't join you on that.
If you are DCAeing you are not trading and when you are trading it's not DCA. The difference is clear, in the context of trading, you're buying and selling frequently. But when you DCA you are buying consistently till your maturity date and not selling until sustainable withdrawal.