Technically this might not be a good advice for a newbie, making an investment decisions based on the current market trend is not actually a good one,
It is not really good to make investment decisions based on current market trends, your comment may be confusing for new investors. One of the first few things that a new investor should know before starting to invest is buying bitcoins immediately. Many of the biggest investors in the world and most of the members of this thread have repeatedly said that Bitcoin can be bought all the time, there is no special moment or best time to buy Bitcoin.
There is no specific time to buy bitcoins but that doesn’t mean you should invest due to FOMO because that is the major mistake most new investors make especially at times like this when the market trend is going up. Most will want to come in and invest with the intention of making quick profit in a short period. Buying at anytime is not the issue because bitcoin will even surpass it’s current value but new investors should have in mind that the plan is to buy and hold for a long term not buy and expect quick profit to sell in a short time.
You are contradicting yourself, You are forgetting something that DCA is buying bitcoin every week or month with consistency and persistently overtime without a break. Someone who is not financially stable will not be able to carry out DCA practice in his bitcoin accumulation journey. Don't forget that a stable source of income is needed for anyone that want to start his bitcoin investment, because you are only to be buying and building regularly for 4-10 years and above.
Not really. Even with the DCA method of investing in bitcoin, you can still take a break. Just because you are using the DCA method to invest in bitcoin doesn’t mean you must be investing all the time. DCA is just a method of investing in bitcoin.
The DCA method did not have any rules, and you must be investing nonstop. The truth is that you can still take a break when you feel that you don’t have enough money to invest at the moment, and they continue when you are balanced.
If you've planned your investment strategy, stick to it. Taking breaks can hurt your investment plan. Since you've chosen a weekly or monthly investment schedule, trust yourself to follow through. Discipline is key to successful investing.
With DCA, you've committed to investing a fixed percentage of your income. Stay disciplined and avoid breaks to achieve your long-term investment goals. you're in control of your investment amount, so there's no need to feel pressured or take a break.