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.
Exactly agree everything what you said there, since its really hard to say that DCA is the only strategy we can use to invest with bitcoin since there are other strategy which has been used by other people.
Its just DCA method just posses low risk that's why this is recommendable to use by all long term investor since aside this is easy to apply they provably won't worry about the prices since they can use this strategy at any figure what bitcoin reached.
Tried to use these 3 strategy but I can say that so far DCA is working so well for me.
A safe investment is not only based on one approach of investment, take a closer observation when the whole available strategies are assembled perfectly to maximize how well the accumulation process is being done. The DIP is an inevitable aspect of the market which makes it a must that every investor has a space left to buy during such DIP, this does not happen very often and taking that opportunity aside from ones primary approach (precisely DCA) is considered appropriate towards investing.
The whole goal of applying different strategy is to conclude on making quite the profits, enough to match in what was invested during the whole period while money was spent on purchasing Bitcoin. Primarily it's best to consider DCA strategy then combined other approaches when needed and well constructed to avoid unpleasant ending.