In as much as I am a strong fan of the DCA methods and I also strongly believe that apart from the monetary profit that would be gained over time, the DCA method also builds character and habits of discipline and consistency which are fundamental in wealth building. However, I also love to look at things from a 360 degree point of view. looking at the good and also considering the bad, the merits and demerits and from my keen observation I would present the following points that maybe contrary to what you have written(although I am a strong fan of the DCA METHOD)
Firstly an investor who is able to accumulate his money with the hope that the DIP comes and he buys a lot of Bitcoin at lesser price has also displayed patience which is also one of the traits of a good investor and also happens to fall under some of the fundamental habits for creating wealth. Instead of spreading funds in bits you can save up and utilize it to its maximum during the DIP. It is capital efficient
Historically, those who have been able to wait and buy more bitcoin during the DIP have always outperformed those who use DCA method(I am still a fan of DCA, Please don't forget that!!). The capital is made to perform at peak efficiency by utilizing the virtue of patience. More is bought with lower amount during the bear market and sold at high prices during the bull market. An investor who uses DCA doesn't get to say this because they actually got some percentage of their Bitcoin during the Bull market.
The psychological advantage of buying during DIP cannot be overemphasized. Investors who buy during the dip get to have the greater feeling of reward and this feeling alone can make the investor who feels he achieved more last longer in Bitcoin market than an investor who just gets to have minimal profit after months of consistency and discipline. Although I am a fan of the DCA method, there are still somethings to be considered when buying during the DIP
You have made some really valid points showcasing the advantages that comes with buying the DIP as opposed to DCAing and at the end of the day I actually agree that you have a choice to your own opinion in matters related to bitcoin investment and how individuals should go about it but at the end of the day I will argue that it's disadvantages scale up higher than it advantages, you are right buying during dips looks more efficient but only in in theory, the reality is if far from that theory, dips are much easier to see in hindsight when they have already passed than to act upon in real time, even experienced investors struggle to consistently identify when the “real” dip happens and waiting too long can result in missed opportunities which is actually what happens to most people who decide to wait for the DIP, while a disciplined saver may eventually hit a big dip, missing just one DIP can completely destabilize all the supposed capital efficiency that comes with the theoretical approach to buying the DIP. On the other hand DCA doesn’t rely on prediction, it promotes steady accumulation regardless of timing, ensuring exposure to both price dips and price elevations. You are also right to say that buying DIPs also offers a strong psychological reward, but the reverse can also be the case waiting for and buying the DIP can introduce the risk of fear and what I want to call investment paralysis, what if an investor buys what looks like a dip, only for the market to dip even more? Many investors give up at that point, but the DCA eliminates this emotional drama, instead of requiring an investor to have nerves of steel in order to time market perfectly which isn't even a good characteristic of a good investor the DCA method builds the habits of discipline and emotional detachment where you don't even have to worry about price shifts and market fluctuations, these traits scale much better across market cycles than the adrenaline rush of dip buying.