it is also better to choose DCA strategy, because if someone buys Bitcoin with a lump sum, then later if the price of Bitcoin decreases a little, he may regret it, so DCA strategy should be chosen to buy at an average price.
I think the idea of lump summing is basically dependent on the level of income of the individual or investor. And yes, If you have the income to lump sum I don’t think the idea is wrong to accumulate bitcoin and hodl. The DCA strategy is good, and so is lump sum. The idea is to buy and hodl for a long term goal and sometimes you feel like to buy in bulk and keep rather then buying little by little on weekly or monthly basis due to the fear that if the money gets to remain with you, you might use it for other things that are not really worth it so it’s better you use that money to lump sum and hold. Getting emotional about the market is most common among traders, weather they are DCAing or lump summing.
As a matter of fact, all bitcoin investors need to take advantage of the three accumulation strategies and use them at the right time to accumulate bitcoin. When DCAing, there is nothing bad if you choose to lump sum along the line when you have the money to buy right away provided that you didn't stop your ongoing DCA. Buying at the dip is another way to increase your bitcoin portfolio fast when you have reserve funds to buy whenever the dip comes.
Having the mentality to tweak with these three-strategies based on your own financial circumstances playing around you at that moment. Any investor that combined these three strategies will do better in the long run than any investor who is only using the DCA strategy to accumulate bitcoin. However, if you don't have the understanding on how to use them, you should stick to DCA which you know.
There is risk in the lump sum method. In the lump sum method, investors sometimes make a one-time investment. Although a one-time investment is a good method. But to me, it seems like less investment and more trading.
You are wrong. You can buy bitcoin once if that's what you discretionary income permits you to do and buy another time when you have the money. As long as you plan to hodli for a long term and don't sell the bitcoin that you bought with lump sum, you are not a trader but a long term investor.