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.
Well, no doubt the dca is the most talked about investing strategy here and outside this space, is this hype about the dca worth it? Personally this strategy is worth the hype mostly newbies who choose to invest using the dca at first but that doesn’t mean there’s no other strategy like for other strategies listed above have their due time but that of the dca can be done at any time, what I meant by due time is buying the dip while the lump sum can be done with a reserved amount but it’s not so compulsory till whenever a person is ready.