Waiting for the cheapest price to buy is not DCA, that is buying the dip. This is not also advisable for new investors because they are going to be starting their investment with trading mindset by timing the market and such a mindset might develop to attempting to sell high when the price increases which is trading since they would now be gambling of bitcoin price rather than investing with consistency and going for long-term holding.

In DCA, consistency is prioritized over waiting for a favorable price before buying, the focus is on consistently buying and adding to your portfolio regardless of the price so you can build out a descent portfolio for yourself on the long-run. Investors using DCA do not need to wait for cheap prices, but keep buying as long as they've discretionary income available. Those timing the market might be waiting for a low price that ends up not happening and as a result miss out on good buying opportunities.

Customizing your periodic buys is more of  choosing the buying intervals  that works best for you with respect to your cashflow and not about choosing the low price you would want to make your perfect entry point.

You have a point here but I still think those automated can still be reset if necessary so it is not something one should bother or worry because since we are the one that instructed it with that command to be accumulating automatically we can also ulter it when there is a change. However, I don't really fancy this robot machine that accumulate Bitcoin because there will be a time when it will run out of efficiency and accuracy then you will be hovering for maintenance so I think manually is the best like you said.

What are you guys even talking about? You both don't know what you are saying, whether the price of bitcoin is low or not the DCA method will always be proper for accumulating bitcoin, why even consider waiting for the price of bitcoin to drop for you to just start using the DCA for it, so you waited for a DIP because you wanted to DCA? I thought it was only people waiting to buy the DIP who wait for the dip (as misguided as this might be for some people) but not you are pushing for people to wait for a price dip for them to buy with the DCA, I don't know where you are getting your information from but it's wrong, you can use the DCA at anytime, you don need to wait for a DIP before you can start buying bitcoin using the DCA method, all you need is your discretionary income.

DCA strategy is very good and effective for every person. Many big companies are currently following the DCA method and are continuously buying. However, it is completely their personal decision which method to adopt. Personally, I love the DCA method a lot and think that DCA method is better than all other investment methods. It helps in buying at average purchase price, helps in reducing risk, etc. It is a complete misconception that the DCA method is only for low-income people.

Investing through an automated pattern is more like investing first before taking care of expenses which is a very wrong practice. The practice could look feasible on paper but not in real life, it can sometimes be inconvenient because in real life situations change is constant so we can't always have the same expenses.

DCA strategy is undoubtedly the best among all accumulation strategies but a person has the right to choose whichever strategy they prefer or which they feel works best for them. DCA doesn't limit the amount to invest with so it's not only for low income earners. You can always increase your investment amount if your discretionary income allows it so that way anyone can invest using DCA.

All the strategies do have there advantage and disadvantages and using any of the strategy depends entirely on ones financial situation. However, the DCA strategy is considered to be the most suitable strategy for all investors because of so many reasons such as removing the stress of always trying to time the market.with the DCA strategy we can buy bitcoin at any price and at any time. This strategies can still be combined depending on the investor financial situation. If there is extra cash to do lump sum , it is still possible while still using DCA strategy.

It largely depends on the country you are from, but there are places where you can put in place the ideal set-and-forget setup. As far as I know that is mostly in the US though. Swan Bitcoin and River offer setups where you can opt for recurring buys, money is automatically pulled from the bank account and then even better, you can set automatic withdrawals to your hardware wallet or any self-custodial address.

I like the possibility to set it up this way for people who really want to have a set-and-forget setup because I would not recommend accumulating a large amount of BTC and leaving it on an exchange. I think too many people with recurring buys in place think that they are all set, but getting it off the exchange is as important if the amount relative to the fees makes DCA purchases followed by instant withdrawals feasible.

But it is still a US thing and some countries in Europe offer it.

One thing to keep in mind is if withdrawals from exchanges are automated to a hardware wallet, you should either define one static address or provide the service with the xPub. Downside of handing out the xPub is that the service knows the whole wallet structure, but the on-chain data is much cleaner as there will be a new address for every automated withdrawal. Imo it makes the accounting cleaner and has advantages later down the road, like proving FIFO or LIFO operations when, for example, it comes to taxation. Having separated spendable UTXOs in different addresses are usually better to begin with once you want to move your coins.

Currently, many have acknowledged that DCA is one of the strategies that is very popular with all parties for the reason that it is probably very easy to understand by everyone who wants to use it when accumulating Bitcoin both for people who have more finances than their capacity and also for those who are classified as having less income so that this shows that this strategy is one of the strategies that can be used by anyone in making long-term investments with a consistent attitude that must be possessed by the person so that they will not feel disappointed when making long-term investments because this strategy is more often used by people who want to make long-term investments, that's why the DCA strategy is very popular now which makes it easier for someone to invest in bitcoin.

I agree to your opinion Sir Jay, DCA doesn’t have to be automated, if probably DCA is automated, that’s means, there should be a certain percentage your exchange or whichever platform folk use to accumulate Bitcoin that’ll be set aside for weekly  or monthly DCAing.

Managing one’s DCA manually from my perspective is more preferable, because there are weeks or month ones expenses might exceed their budget, thereby reducing the amount of discretionary funds folk will be able to sort out for that week or month prior to his previous discretionary allocation, assuming folk are using an automated DCAing platform, it means they have to cut off few of their basic need that might be important and moving it to the next month or week so they’ll be able to allocate the automated/fix amount for the week or month which isn’t a good one.
Folk DCAing should be flexible as per the amount of discretionary funds they’re able to sort for the week or month.

With automated DCA the amount you will be able to DCA with will be fixed but you discretionary income isn't fixed so unless you plan on having to adjust how much you DCA with whenever you are DCAing which effectively means you are not using automated DCA since you are still the one doing it yourself and if you don't adjust for changes in your discretionary income then you risk over investing if you discretionary income at a particular time is not up to how much you DCA with using automated DCA so while it might have it's merits the manual seem better to use.