One major thing i took note of about your statement is that everything in life has it's benefits and disadvantages, although the DCA is the best strategy for managing risks in Bitcoin investment but it still has it's own down side which is that someone that's not commited to tasks would find it difficult to invest with it since it's something that should be done consistently according to the period the investor can regenerate their discretionary be it weekly or monthly but in general the DCA is more positive than negative when it comes to Bitcoin investment, one thing i love about the DCA is that it helps an investor to invest consistently regardless of market volatility.
You made some solid good point here. Like I used to say, there isn't any strategy that is bad to invest in Bitcoin. Both buying on dips, DCA and lump sum are all good strategies, but the choice of strategy must align with your investment goals. If it doesn't align with your goals that is where it becomes a wrong strategy that you use.
There are many people that invested using DCA and they are successful, while others used lump sum and occasionally buying on dips yet they are successful. On a normal day the strategy doesn't really matter but how you utilizes these strategies to your own advantage is what truly matter.
You’re right, I think every strategy is quite different and simple, but you have to choose which approach will suit our investment plans depending on the amount of discretionary income that we can usually have in a weekly or monthly basis, right now I understand there are people who are buying the DCA and are doing very well, and there are people who are also buying through the lump sum and are also doing very spectacular, I think people also try to buy the dip by waiting for the dip which I think from my own experience it’s not a very good strategy of buying bitcoin, but buying the dip when the opportunity presents itself and still keep buying on a regular basis which I think it’s the perfect way.
So all strategy are just magnified but it all depends on our ability to stay consistent.
The biggest strength of the DCA method is you can invest at average prices, reducing risk.. In addition, by investing the same amount of money regularly, we can buy something even when the price is high and buy more when the price is low. Finally, an average price is created which is relatively safe. Investing in the DCA method is safer than investing a large sum at a time and it reduces mental stress. The DCA method is more effective for ordinary people who have limited monthly income and limited risk-taking capacity. Here they can gradually build a significant portfolio by continuing to invest small amounts. And in this way they move forward on the path to financial freedom in the long term.