Yes, that's right, DCA is the most appropriate strategy for my current investment strategy. for me the DCA method is indeed the coolest for long term investment, and the capital is only patient. while waiting for the right moment to take advantage.
Most of us probably said it already, but the level of difficulty will vary. DCA is just one strategy that you can apply both in the short and long term, but if you believe now is the right time to buy everything then what's wrong with doing it.
After all, it's not mandatory to do DCA all the time if in fact you have seen the bearish cycle is over where the bullish cycle has started. I don't care how much DCA I have done, but if the market has been looking bullish then I think I just need to spend all my capital in one buy
''lump sum". But for now, you can still consider DCA considering that the market is still in a bearish state, at least it's safe to spend 50% of your capital on every dip.
Of course, there is no problem with front loading your buys into bitcoin based on the speculation that BTC price has bottomed, so buying on dips and lump sum investing include those kinds of calculations.
It also makes a difference if you have already gotten a decent sized bitcoin stash (in accordance with your own circumstances) or if you are still pretty new to bitcoin and you are establishing your initial bitcoin investment stash.
Let's take an example of a person who might have something like a $50k total investment portfolio, and s/he has an income of $40k per year, so maybe this hypothetical person has been investing several years already, and at this time, she has $6k in cash, and $6k in extra income that will be coming in over that next 6 months to be invested. S/he can decide to invest all of the $6k and s/he can even invest the cashflow before it comes in, and so in that regard, there are always going to be degrees in which anyone might want to front run their investment into bitcoin or if s/he we wants to divide into the three categories of lump sum investing (buying right away) or buying on dips and DCA over the next 6 months or whatever target period of time that might be considered.
Another consideration might be what is the allocation that is wanted to be made towards bitcoin? would it be somewhere between 1% ($500) and 25% ($12,500) or would it be some other amount? Has such hypothetical person already achieved his/her target allocation into bitcoin or does s/he want to work towards reaching such target allocation over the next several months or even stretching out the goal of reaching the target allocation over the coming year or two. Maybe such person can project that s/he has $6k in cash, expects $6k investment cash over the next 12 months.. but then maybe there could be similar amounts of new cash that is expected over the whole year, or there might be some uncertainties regarding cashflow and won't really know until after the cashflow comes in but the extra cashflow is likely to between $500 to $2k per month.. and so in that sense, s/he might have to project with the more conservative amount of $500 extra cashflow per month, and if more cash comes in, then at that point, that money could be invested into bitcoin or at least plugged into the cash available for investing into bitcoin.
So, by the end of the year, the investment portfolio could be projected as ending up being anywhere between $62k ($50k + $12k) and $74k ($50k + $24k) - and then of course, portions of the investment portfolio can increase or decrease in size depending on price performance of the various asset allocations within the investment portfolio.
It seems to me that expectation of price performance of bitcoin or any other asset class that is held or is being considered for investment is ONLY a part of the considerations