To think about Bitcoin investment we must first know about the strategies to invest it. Because the DCA method is the only way to invest in Bitcoin, this DCA method offers a lot of savings in the purchase price of Bitcoins, and some people only buy Bitcoins in the deep market.
This is misleading and it is not true. The DCA strategy is not the only way to invest in bitcoin. If you say that the DCA strategy is the most widely used method I will agree with you. But saying that the DCA strategy is the only way to invest in bitcoin is a lie. In case you have forgotten we have other methods of investing in bitcoin which are;
- Lump sum Investment method
- Buying the Dip method
- Dollar cost averaging method (DCA)
Investors can use any of these methods to invest in bitcoin or combine the three methods when investing bitcoin.
Yeah that's true they are various methods of accumulating bitcoin and they are listed below, but let me make it clear for some folks to avoid any form of misleading, when you hear buying the Dip method doesn't mean you would have to wait until there's a dip before accumulating. Most time the method is more beneficial to those who have already gotten far in their bitcoin accummulation, so they can use buy the dip method to top up their Bitcoin stashes whenever they felt like because they have already reach the point of having enough Bitcoin stashes or have already hitting their goals .
But for those that don't have much Bitcoin they can focus on DCAing alone to start purchasing at different price interval, and also buying the dip in the process (when DCAing ) . But some can even go to the extent of having some reserve funds for the dip so that their DCAing accumulating won't be disturbed, so whenever there's a dip they can use that same reserves funds to purchase it , inorder to give themselves some nice boost in their accumulation.