Gud evening everyone. My little take on the above topic, it all about buying of bitcoin in dca, simply mean buying bit by bit as much as your pocket can buy and holding it for a long period of time. Or buying by lump sum: buying by this method is mostly best for people that has much funds, because you target to buy when the prize drop and in large portion of it (bitcoin),and hold for long periods of time.
With what you wrote down here, it shows that you are not just new here but you are learning gradually, but I just want to throw more light on what it entails to be a successful Bitcoin investor.
To be a successful Bitcoin investor, as a newbie investors, you have to start accumulating Bitcoin either through the DCA accumulating strategy, a situation where you buy Bitcoin bit by bit either weekly or monthly depending on how much you can afford from you discretionary income or you accumulate it through the lumps sum strategy, a situation whereby you mostly buy when their is a dip in price of Bitcoin, but take note that as you are buying, you are aiming to hold for a very long period of time like 10 to 20 years time from now.
Then another thing that is required as a Bitcoin investor is an
emergency fund so that you won't have to fall back to your Bitcoin investment when being faced with serious financial needs, so emergency funds is very important in your ability to hold and not selling prematurely.
Then when all this is in place, you have to pay deff ear to the speculations and outside noise about Bitcoin, so that you wouldn't sell in panic when their is a strong dip in price of Bitcoin.