I think Abaeze is misunderstanding the entire strategy of investment. I was expecting you to explain the various Bitcoin strategy because many folks believe DCA is the only successful and effective strategy. It seems they do not know why many practice that strategy. There is buying on dips, lump sum, dca and so many others. But its preferable to use DCA as a pleb so you can manage your investment and other part of you life without getting hooked. On the other hand, people who are rich use lump sum to buy. Which I will prefer if I have that kind of money.
The DCA is talked about mostly so newbies won't be mislead into starting their accumulation journey with buying during the dip and Lump sum moreover when you're doing the DCA you'll still get opportunity to buy the dip since you'll encounter several dips while on it along the way, well it's not a bad idea like you said to explain other strategies as well so newbies would understand what they're all about and which to prioritise more on. One good thing about the DCA is that it's for everyone not only specifically for a particular class of investors and remember that not all newbies are rich enough to do the lump sum some were even waiting till they had more money that's why they didn't start earlier.
That's right, though anyone can choose the type of strategy they love or better still the one that makes them feel comfortable doing. There are disciplined buy the dip accumulators who continually buys the dip once in a month or as it suits them. But one of the reason I prefer DCA over buy the dip is, the fact that with DCA you can actually buy at any price range and sometimes the price most people consider too high to buy bitcoin could in turn become one of the dip prices in the next few month. Since we can't always tell we're the proce is headed especially on small time frames, then we just have to buy not considering price.
What is important is that you’re able to buy and invest in bitcoin and hodl for the long term goal without panicking to sell whenever you notice a little downturn in the market. Bitcoin investment is a long term investment and for you to be able to attain some level of success you must approach it with a long term vision of consistently accumulation of bitcoin and hodl and that’s why some people prefers using the DCA strategy in accumulating bitcoin so it’s easier for them to accumulate and hodl whenever they are able to figure out a discretionary income.