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.
I love your assertion, I don't think if there is anything wrong in buying Bitcoin everyday by DCA strategies provided it align with the investment plan of the investor. An investor can target a particular range of price and decide to spread his accumulation on daily interval.
To be fair, buying bitcoin daily is not a bad strategy but the problem is that it is not suitable for most of us as we are just retail investors with limited budgets. Daily DCA is more suitable for investors with larger budgets , imo.
Of course, if we want, we can still use the DCA strategy every day, but let's be smart investors. We should choose the strategy that suits our circumstances instead of following the strategy of whales, institutions or angel investors. In investing, the best strategy is the one that gives us the biggest return, there is no rule to judge which strategy is the best. Daily DCA can be a good strategy and bring great profits to whales, but if it doesn't bring good profits to us then it is no longer a good strategy.
If you do have the money to buy then there's no issue but since not all does have the money that you can be able to buy up everyday then its really that depending on you. So it will really be just that into your financial capacity because on the time that you will really be having that kind of considerations on trying out to buy on everyday then it isnt really that bad. It all matters whether you can take up the risks on buying on everyday or you would really be waiting up for some price decline or crash then it will really be that up to you on which one you would really be that preferring. I do agree for most people that not all will be having that unlimited funds then it will really be that common sense that you will be having that good timing when making up some buybacks. So it will really be that up to you on what timing that you would really be considering. The key on here is that you do only invest into the amount on which you can afford to lose and never ever make yourself that spending up the money that it is really that intended on other important means like savings fund or emergency ones. It will really be a total depending on you on how you do handle up such risks so it will be that up to you on how you do handle up such risks.