DCA is the best way for low income earners to acquire more Bitcoin.
I don't know if anyone else has different opinion about it?
- There's a classic saying in investing: "If you don't take profits, someone else will take profits for you." This highlights the significance of having a clear exit strategy to lock in gains.
If you understand what investment in Bitcoin is all about you won't be talking about failing to take profit during favorable market condition and on the other hand you sound like a trader, because accumulating and taking profit in short interval because of bullish market is same thing as trading. As far as Bitcoin investment is concerned I doubt if there's anything like best buying price and somehow I think the DCA method was brought because there's no best buying price, so as to enable one invest regardless of the price and hold for a period of time and the reason one should hold for a period is that since they are not buying at a particular price I mean since it is a continuous buying process sometimes you can't be sure if you have made profit because of buying at different price and this makes me feel DCA is mostly for future use. The funny thing about DCAING is that while some investors are waiting for the Dip to invest one is busy accumulating with the DCA and I will say that is an advantage and one of the amazing thing about DCA method.
Every entry point is a good time to buy. At 1$, 10$, 1000$, 10,000 or 100,000$. One thing is certain the price will continue to increase as years pass by.