It actually depends on your preference, your situation in life, your age, your marital status, and other things that may or may not make you more comfortable in a particular strategy.
There's also the timing, luck, and which part of the cycle Bitcoin is currently in. I admit that I merely got lucky with the timing in 2019. I had the savings, and I had NO responsibilities/distractions.
Though it's quite cool if you can get Bitcoin at a cheaper rate, but timing the market before making a purchase is what am not a big fan of, because the possibilities are high that you might just be wasting your time in your accumulation journey.
Additionally, you might encounter a very good price to buy, which might be a dip, but greed of wanting more might set in, am you may not buy them, hoping that it's going to drop even further, which might makes you miss that buying opportunity, so it's because of these i just don't feel ok timing the market because that's what traders do, not investors like us
It is impossible to determine the price of Bitcoin, whether the price of Bitcoin will be good for you at the present time or not depends on you. If you have full confidence in Bitcoin and believe that the future of Bitcoin is bright, then you will be interested in investing in Bitcoin. If you consider the history of Bitcoin, you will understand that Bitcoin has increased in value more than we feared. If you wait for a fall to invest in Bitcoin, then this is a bad habit and you will continue to increase this bad habit, so get out of the bad habit. However, for you, investing in the DCA method will allow you to continue investing for a long time. On the other hand, you can invest without paying attention to the market because then your goal will be to invest in Bitcoin and do it for the long term.
Bitcoin price is hard to predict, I would say it depends on personal belief in its future. Bitcoin historical growth has shown potential in it, and its volatility has rewarded so many long term holders with its value surging from cents to tens of thousands over decades. Although profits are not guaranteed in bitcoin even when hold for long term. So we should always invest what we can afford to lose, then staying staying disciplined with DCA strategy rather than chasing the dip will align with holding for long term and help us avoid the trap of speculative trading habits.
Oyes Bitcoin’s price is volatile, and belief in its long-term value matters so much.
History has demonstrated extreme volatility and tremendous growth. While that's the case, long-term holders have often been rewarded and
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I'm thinking and believing that there are guarantees for future rewards..
since Bitcoin is the only currency that has pulled the weight of all country currencies as it is acquired globally making Bitcoin an asset that any one in the world today can and should have.
It is prudent to invest money based on personal need assessment before deciding which methods to be used in acquiring Bitcoin asset. Meanwhile, holding to a disciplined DCA strategy instead of trying to time the market reduces pressure, risk, as well supports a long-term mindset, preventing emotional and speculative trading.
Yes, you’re right that long term holders have been rewarded, but yet it’s still not a guarantee that long term rewards will continue to happen in future. So, profits are not guaranteed in Bitcoin even though we know that bitcoin is among the best, if not the best. Therefore, investing with you can afford to lose, will give you edge to stand the volatility of Bitcoin and That’s the more reason why it’s advisable to invest with your discretionary
incomefunds.
Again, apart from your Bitcoin investment, one also need to devise other means of of generating income even now and in the future