surely buying bitcoin everyday to me does not make sense. there are 3 investment strategy as i have understood so far, and this includes DCA, Lump sum and buying the Dip. so any form of buying bitcoin is under this different category. so if you chose to buy lump sum everyday or DCA everyday and also the dip everyday, then its a matter of personal choice. what matters is how accumulative you can be in the period of your investment
If you said buying bitcoin everyday does not make sense, how then do DCA appear to be on the table of the pattern that make sense to buy since you can choose how to budget your buying strategy under the DCA method you can choose to buy everyday week, month or even per hour depending on how you consider it convenient for you.
While doing DCA daily may be on some people's wish list, I won't disappoint them. I personally don't like daily DCA because of the additional transaction fees. In case of daily DCA, you could have done DCA for more than 1 month with the amount of money you will lose through transaction fees in 1 year. Still, if you have the funds to do daily DCA and if you are chasing your goals ignoring the transaction fees, then I support you. But I would not recommend daily DCA to an investor if every part of the star fund seems valuable. Even there is a possibility that daily DCA may have a negative impact on creating a backup fund, which is why I don't think daily DCA is suitable for every investor. It will require a lot of funds.
I agree with you on this. It's not like the transaction fees are too high to cover if one has the money; doing so will only be a waste of money that can be used to invest in Bitcoin. Imagine spending a minimum of 1$ on Bitcoin every day in a month; it's $30. It would be better if that $30 were invested into Bitcoin every month for 5 years; it would turn out to be a good investment with good returns.