I guess that I can excuse their lack of proper knowledge.about the best option for crypto investment
Don't you think you will still get them more confused by using the word Crypto as a newbie they might go astray by investing into the wrong coin thinking it is Bitcoin it could have been proper you say Bitcoin investment rather than crypto investment.
And I dont think it is much necessary to get all proper knowledge about the best option for Bitcoin investment before investing into Bitcoin and I don't think there is any best option as your options might not be some else options every investor has option that works for them.
Some people succeed in there Bitcoin investment and some didn't and those that didn't succeed there are people inside that failed because of wrong approach.
As long as bitcoin investment is concerned, there is no wrong strategy for accumulating bitcoin for long-term profit. Even though you use the lump sum strategy, the DCA strategy, and buying the dip strategy, you will not fail in your bitcoin investment. The main reason why we always advise newbies to make use of the DCA strategy is that not every investor has enough money to lump sum, and buying the dip strategy will delay newbies accumulation journey because they are not certain if a dip will happen today or tomorrow, but with the DCA strategy they are open to consistently accumulate bitcoin either on a monthly or weekly basis even if bitcoin is increasing or decreasing, which will be more effective to them than buying the dip. The thing that can make you fail in your bitcoin investment is when you invest all your money in bitcoin and fail to make provisions for your emergency funds with the idea of getting rich soon.
well, if you want to be intentional about your Bitcoin investment, it's best you make use of a good strategy that has proven to have worked overtime and is still currently in use by investors that have the capacity of accumilating far more Bitcoin than you can ever accumulate.
Even though choosing to make use of any investment strategy can still work for you, it's good we know that doing critical analysis of the rest of the other strategy other than the DCA method gives an impression that you're trying to time the market before investing. Iether you're doing lump sum or you're attempting to buy the DIP or even selling to buy back, one thing is always certain, you're going to attempt buying at the best price so you can make more profit which is same as timing the market and we already know the effect of that in slowing down your investment plan.
DCA helps you experience all the different market condition and even if you're to invest for ten years, it helps you achieve such feet while doing other project because your DCA amount allows you to live your normal life while still investing. In terms of possibility of experiencing failure while attempting to use all the investment strategy, the one that helps you experience less potential loss still remains the DCA method.