Bitcoin is pushing toward new highs, and the energy in the market is picking up again. But I am wondering is dollar cost averaging (DCA) still the best approach now?
The question you asked is really a nice one. For me I still believe that DCA strategy is the best strategy despite the market price. So if not really easy to time and speculate the market correctly and many people do venture with FOMO. So with DCA strategy the stress of timing the market isn't there and it gives the opportunity of buying bitcoin at different prices. However if we have built a better portfolio, we can always adjust. The fact that one dcaing doesn't mean they are limited to only one strategy.
Those that the dca might not really matter to are the investors who has accumulated a good size of Bitcoin and may not consider the DCA that effective for them and can only be buying Bitcoin regularly maybe they only be buying the dip opportunities but for a no or low coiner every market conditions counts for their purchase of Bitcoin without putting an eye in whatever stages of the cycle or market price circumstances, what matters to them is the availability of their investment money as not to miss any buying opportunities because they still have a long way to go.