~snip~
Of course, I'm not saying it was a bad thing; I just felt that DCA would have given more value-per-$ that's all.
In future I'll probably split the lump sum into a smaller one-off + multiple DCAs. It's just a change of approach I guess; let's see what happens!
We learn every day and we learn how to do things differently as we become more acquainted and conversant with the process and the methods involved. I believe when you started your accumulation journey, if someone had told you to buy your bitcoin with DCA you wouldn't have accepted. You wouldn't have seen the difference between dca and other methods back then, but now that you have learnt it on your own and saw how DCA have the edge over others methods, you will never forget this experience. Now if you have the opportunity to advise newbies in the future who are about starting their bitcoin accumulation journey, you will explain to them with full conviction why they should start accumulation with dca method, as you have had a first hand experience yourself.
Yes you are right I agree with your comment. Those who are investing and researching along with investing which method will be good for their investment or what can be done to manage the investment better. I like those who do this along with investing. Because when a person invests if he only has basic knowledge, it will be very difficult for him to hold his holding in the long term. A person needs to start investing in the first place. After starting investing, he can learn everything. For example, how to keep himself calm during a decline, what can be done to protect the investment, how much aggressive he should be. After starting investing, a person needs to learn everything else.
If a person starts investing by acquiring only basic knowledge and then if he continues investing without acquiring any more knowledge, then he may collapse after a while. For example, due to lack of proper financial management, due to wrong decisions about investment, etc. Therefore, it is very necessary for a person to gain knowledge after investing.