DCA works well for Bitcoin, but this strategy can be approached in different ways, there are those who buy constantly regardless of the price and the market situation (as Sailor does), but there is another approach, when they buy, for example, only on corrections, or only on a bear market (which lasts for several years). I am one of those who do not buy on a bull run, you see, recently the price was 109k and now Bitcoin has corrected by 82k, this is a big difference, and this is one of the reasons why I do not buy on highs.
It can be confusing for many investors to determine when a Bitcoin bear market is in place. The advantage of buying regardless of market price is that you have no room for confusion when holding Bitcoin and the discretionary income is accumulated evenly. Yes, the correction price range from $109k is much higher at $82k. At this point, the DCA method can be effective for accumulating Bitcoin, which increases the value of UP during bullish periods. What Michael J. Saylor does is hold Bitcoin in a corporate form and the long-term strategy that he has in place can provide him with high profits, even though he is still looking for a decent holding of Bitcoin.
Confusing for the fact that we don't know or can speculate about on when those dips would came.
To many confusing things will happen if we aim to look at that situation before we accumulate. That's why DCA is good strategy to use for this matter because we actually don't need to wait before we accumulate. These strategy works well with long term investors and price history would tell everything about it
What Michael Saylor do is notable example that people should do since they are not looking at the dips but rather buy when they are ready and also they have available funds to spend.