I don't really know if there is an alternative to the DCA method for buying Bitcoin. But I think the DCA method is the best. There is no point in wasting time wondering when the price of Bitcoin will go down or up, when we have learned from various sources about the huge potential and future of Bitcoin. Now we can invest in Bitcoin with fearlessness, confidence, and full confidence. But of course, we have to buy Bitcoin with a long-term plan. The price can sometimes go down a lot, at that time we have to be patient. My plan to hold Bitcoin is for 10 years from now. Whatever the price, the real objective should be to continuously buy Bitcoin and make our portfolio heavy. There is no loss even if it comes from $1000 to $50, as long as we don't sell. The thought of selling Bitcoin can never come to mind. When buying Bitcoin, I will use the word buy instead of the word sell for 10 years.
In fact, if the Bitcoin price drops, the DCA amount we use should be higher. For long-term Bitcoin investors, a price drop isn't a problem it's actually a good opportunity to buy more Bitcoin. So, you don't need to fear a Bitcoin price drop. As long as we invest long-term, our journey to accumulating Bitcoin doesn't need to be fixated or confused by the price. Because Bitcoin is an investment asset with a very clear cycle, there's no reason to be afraid of investing in it. Even if we roughly describe it, even though Bitcoin's price fluctuations are like erratic pencil strokes, Bitcoin will ultimately continue to experience price increases with each cycle. So, with this in mind, we don't need to be afraid of price drops or anything else when investing in Bitcoin. Essentially, we should focus on conducting DCA regularly, remembering our goals, and being more active in seeking additional income, so that our discretionary income will increase.
And one more thing, never wait for a price drop to buy Bitcoin. Because if you do that, you might regret it. So, stick to investing in bitcoin with DCA.
Yeah that's provably the best thing to do if they have extra funds to spend since somehow they can accumulate more larger volumes if it happens that there's a dip will happen.
But if they can't afford to do that and have exact money which they can afford to spend then its fine since somehow what's important is they accumulate and consistent doing long term with Bitcoin. We can't avoid those volatile actions since its normal in the market. The beauty of choosing to go long term is we don't have to worry anything on the market since we are still fine since we know that Bitcoin has good chance to show more better figures in future.