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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.
Whether or not you fail in Bitcoin investment depends on your risk tolerance level because Bitcoin prices are very variable and unpredictable, which can result in losses if the price continues to fall. It is highly recommended for Beginner Investors to start the DCA strategy when they are financially ready to make long-term investments, they also need to control their emotions in decision making when small corrections occur so as not to damage the initial goal.
Yes, DCA strategy is more effective and reliable because the risk level is lower than the direct buying strategy. When investors use the DCA strategy, they have indirectly spread the risk because when making a purchase, no one can ever guess for sure whether the price will go up or down. When making periodic purchases, investors can obtain Bitcoin at a low price or when the price is high, and when accumulated, they will eventually obtain the average price of Bitcoin.