there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!
Some of you ideas are good but DCA is smart plan. I think It's hard to time the market. It's more complex.
My personal opinion is learn first. Without learning, anyone may lose money so learn first then think about trade.
And If you want to hold bitcoin, I believe use DCA is a smart choice but spend all the money at once is risky.
Market don't move in the straight line so Watch the market will be wise. No one can't guess future prices by looking at past ones.You're making a good point but I think I'll need clarity on what you mean by learn first then think about trade, do you mean people should learn about Bitcoin then they should think of considering trading or that they should learn then think of buying, i really don't understand what you mean but trading is a choice and buying and holding Bitcoin is one of the best choice anyone could take when it comes to Cryptocurrency investment, I'll never advice anyone concerning trading due to the high risk it has but if they feel they're comfortable losing money then it's on them I'll only give the best advice I can and allow them make their own choices. However someone who invest in Bitcoin just to spend all their money once is not a very serious investor, the best approach concerning that is taking some portions when it's and continues investing since Bitcoin has the tendency to go higher in future.