Many will say DCA is their strategy. This DCA strategy of a thing is only for those who have huge capital or an amount that is sufficient for them to ignore and possibly has other sources of income in that the can choose to neglect what ever the market does and focus on their other stream of income.
DCA is for those who have spare money to use for investing.
DCA doesn't mean that you're "FORCEFULLY" invest into something. The misconception sometimes is that, the definition of DCA for some is that, you will be buying on a weekly or monthly basis and while there are some who can do it, there are some who can't. There are some who are buying once a month or 2 months. Isn't that considered as DCA as well? DCA isn't necessary for those who have huge capital, but also for those who have the funds to use to buy some cryptocurrencies.
As we all can see for the past two to three months the market has not chosen a direction, it is neither buying or selling and some persons are waiting to take profit it price rises a little. So my question is judging by the range market we currently experience is it every dip and average Bitcoin investor should buy?
Market hasn't chosen a direction? What do you mean? I mean we've seen the market going down already in that span of time. Isn't that considered a direction? If you sold of your tokens at $100,000 and then bought at near $80,000 then you could've bought around 20% of the total Bitcoins that you have when you sold it at $100,000. You're pertaining to those spot investors or at least position traders, but in reality, traders can still make profit despite the market going down.
As for your question, it will depend on some factors. Is the investor buying it for the long term? If yes, I don't recommend buying now. Is the investor buying for short term, or at least they're the type of investors that thinks that Bitcoin will go up to $100,000 again. If yes, then I recommend buying it now.
