As a newbie or someone that is new to bitcoin investment, your attention should be more focused on accumulating bitcoin with the DCA strategy because it will help you to accumulate bitcoin consistently at any given price and also help to control your emotions since you are not yet used to the volatile part of bitcoin. Since bitcoin is a long-term investment, both investors who are using a lump sum, buying the dip, and the DCA strategy to accumulate bitcoin need to do that with their discretionary income so that they will comfortably sort out their daily expenses, which will allow them to hold their bitcoin investment for a long term since they didn't use the money that is allocated to solve their daily expenses to invest in bitcoin.
It needs to be underlined that regular purchases are important, with dca or others but can we do it consistently. Many of them fail for many reasons, they no longer have money so they stop accumulating bitcoins.
HOLD requires a method.
Does buying bitcoin require a method, Yes it is very much needed in other words a strategy, but here I prefer DCA so DCA is the best.
This is a long-term investment, so I have highlighted these things the most, or you can follow another method, which is an emergency fund.
Hope you know that that Emergency fund(s) is not a method of buying bitcoin? Rather it is just a fund you keep aside to help you successfully hold your bitcoin for the desirable number of years.
If you have an emergency fund, you can meet your unique needs in the future, then you don't have to worry about investing in Bitcoin. Some people fail in the Bitcoin DC method only because they are lazy in using their strategies.
The emergency funds is not meant for meeting your needs as an investor. The emergency funds are strictly there for any emergency purposes (unforeseen circumstances that may arise in the future). Mind you not everything that are classified under emergency.Your unique needs as you may call it such as feeding, shelter and clothings are not part of emergencies, therefore you don't classify them as emergency. And since they ain't part of emergencies, you don't use your emergency funds to solve them. As an investor you don't depend on your emergency funds to solve your unique needs, because your unique or basic needs doesn't fall under emergency situation.
Severe accidents, the roof of your house falling off by winds or part of your house being damaged by earthquake, fire burning down your house, chronic health challenge, floods etc. These and many for more are what are classified under emergencies. Things you don't have control over, but it happens. When things of this nature happens, only then can you make use of your emergency funds.