This means that buying at the time when the price is on the increase is not wisdom
I disagree with you and if I may ask when do you think the price of Bitcoin will increase? Doesn't it mean that if Bitcoin should surge or skyrocket to $500k investing in it will be lack of wisdom?. An investor doesn't care if the price of Bitcoin is increasing or not because the DCA method is there for them to accumulate Bitcoin whether increase or decrease and i want to believe this statement is for people that trade Bitcoin and not for investor because investor doesn't have any problem with Bitcoin increasing rather it is only traders that does because they only focus on entering at the low price and hoping to sell when it appreciate.
I agree with you, an investor doesn't care about the price of the bitcoin before they invest because there is a method that can be used without feeling any pressure about when the price increase or decrease, anyone thinking about the price of bitcoin before investing will find it difficult to buy bitcoin because they will always want the price to drop before investing, and that will affect them because no one knows when the price will drop, the price of bitcoin is unpredictable, the price can drop at any time or rise at any time.
The DCA method has shown to be the ideal way for investors to accumulate bitcoin without having to wait for the perfect time to buy bitcoin, only those who don’t understand bitcoin will choose to wait for the right moment before buying bitcoin.
Yeah bro, a lot of people keep delaying because they are always waiting for that so called perfect dip, but truth is, Bitcoin doesn’t move according to anyone timing. If you keep waiting, you will most likely end up with nothing, because by the time you think the price will drop, it might actually pump even higher.
That is where DCA really makes sense, it takes away the pressure of trying to predict every move, and it helps you keep stacking bit by bit without stressing about timing. it’s not about buying at the absolute lowest price, it is about actually being in the market and holding long enough to enjoy the bigger growth..
truth of the matter is if we are planing on holding for long term then buying the dip shouldn't be a major concern or thee reasson we are still holding back because with bitcoin's volatility we never know what the next few weeks holds but if we look from a wider time frame probably from years ago and the current price we cab clearly see that bitcoin is still mounting stong but then there are still some short term dips and retraceements.
those who have issues with timing the market for dips can adopt the DCA strategy if other strategy makes then miss out, with DCA you can actually buy at all price level and still remain comfortable with the result provided your intentons are long term hold. though one can still employ the use of mixing two or more strategies like combining DCA and buying the dip, by contantly using DCA to accumulate and increase the buying power probably when there is a retracement, but the most important thing is, we keep an accumulation plan.