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.
Both strategy are all good not minding the most common used strategy, the idea of buying bitcoin generally depends entirely on our discretionary income. If an investor can do without a huge amount for a long period of time they’re good to go meaning they can decide to lump sum with the idea of a long term plan as mentioned not to panic whenever the market is unstable, the reason why dca is commonly use basically you can buy bitcoin bit by bit according to your discretionary fund and allows an investors to make plans before buying. I make use of the dca not because this strategy is so common and preferable by others instead as a monthly earner you don’t have an option
torather you buy whenever the money is available although sometimes an investor might be expecting a huge amount of money then decides to buy using the lump sum that’s totally fine but, till then the dca can always keep your investment going till whenever also after buying using the lump sum you
can decide to buycontinue buying using
the dca, what’s more important is consistency.