I think even if you have one job, you can still do DCA and buy Bitcoin through your salary but you need to budget everything to the tee so that you won't touch your investment and just continue to do it day in day out. And with that it's going to be a hard grind for us average investor. But for me, it can be done though, going to be hard but possible to accomplished to start during the bear market, accumulate up to this day thru DCA. But as others have said with this strategy, you really need to be prepared and have the patience and. As for the question of the OP with regards to the correction coming, we are still trading sideways after the halving and did dip to $57k'ish so that could be the best time to buy.
Setting aside some money to buy Bitcoin using the DCA method is very good, but we must still be smart in managing our financial conditions. If it is going to be bearish then it is better to collect money in USD first. After that, wait for the Bearish time to arrive and buy as much as possible. However, we also must not regret it when the bull run comes before the bear run occurs. Because that is one of the risks of the decisions we choose.
An investor must first set his goals. There are many who want to collect bitcoins but they take time to take decision. An investor must have a long-term plan when it comes to investing in Bitcoin. If he can profit from Bitcoin in the short term that is up to him. Every investor must keep in mind that Bitcoin is a volatile currency that can drop in value at any time after investing. Although this is a common occurrence in trading platforms, there are many who rely on price drops. Bitcoin price is currently in an upward trend which may correct at any time. Instead of panicking during this period, plan how to exploit the volatility to accumulate more assets. The price will correct and move upwards again.
When dealing up with crypto investment then you should really be setting up your own goals whether you would really be going for long term or short term on which this is something that you would really be needing up
to consider on when to get out and when to get in but if you are someone whose going for long term aspect then any entry point wont really be that an issue. People would really be always loving on hunting with that significant correction on which we know that when it comes to this scenario then its something that cant be known. Now that we recently reach up 70k price point on which no one see this coming considering that we've been playing around 62-64 but here we are now on trying ot break its previous ATH on which its something that very interesting to see on where market would really be that going.
If ever you would be having those plans on DCA then better keep on saving up some fund for that because it would really be that so impossible that you wont really be able to see those corrections coming.
On the moment that it would happen then you do already have the money or funds that you could really be that make use of for DCA. Although not everyone would really be having that confidence on making
out such option on which there would really be those people who would really be that skeptical on making out such decision just because they are really that being too positive or bullish all the time
with Bitcoin but well you cant blame them though.
