Balancing Financial security and Bitcoin Accumulation

[Frankolala]

So what if the individual just wants to invest at once in Bitcoin and doesn't want to follow the gradual dollar cost averaging method, Will you discourage her or him? Because to me, there is absolutely nothing wrong with investing a million dollars in Bitcoin, despite the fact that people do always emphasize that you invest an amount you can always afford to lose. And moreover, it's not that the bitcoin will get lost, but just that its price value can always rise and fall less than the actual capital. And in a nutshell, it clearly shows that both lump sum and dollar cost averaging methods are both recommended ways of accumulating bitcoin. And you are free to use whichever is at your disposal. Because it's very possible that you might have that $1m now and if you don't use it immediately, it will alway stile get exhualted
n

You need to use a realistic figure and not $1 million that's hard to get. One thing why I don't like lump sum is that if you go all at once, and the price dips, you will regret it which can mess up with your emotions. This is why I prefer to use DCA method to purchase regularly because you will get use to the market and stay discipline in order to keep your bitcoin ongoing. Plebs like use with little income needs to buy with DCA regularly every week to keep your bitcoin accumulation ongoing till you reach your bitcoin target. It doesn't make any sense to be piling up money to lump sum.

If you have a lump sum amount on ground already before you want to start your bitcoin investment. You can share it into three equal parts and use the first part to lump sum, the second part to DCA and the last part for your emergency funds building. A brand new investor isn't free to use any method but only DCA especially, if his discretionary income is regular because anyone DCAing overtime will definitely outsmart an investor that bought with lump sum. Though, that depends on the amount that he lump sum. Buying bitcoin just once, doesn't help to build your portfolio faster.

[Tongley]

You need to use a realistic figure and not $1 million that's hard to get. One thing why I don't like lump sum is that if you go all at once, and the price dips, you will regret it which can mess up with your emotions. This is why I prefer to use DCA method to purchase regularly because you will get use to the market and stay discipline in order to keep your bitcoin ongoing. Plebs like use with little income needs to buy with DCA regularly every week to keep your bitcoin accumulation ongoing till you reach your bitcoin target. It doesn't make any sense to be piling up money to lump sum.

If you have a lump sum amount on ground already before you want to start your bitcoin investment. You can share it into three equal parts and use the first part to lump sum, the second part to DCA and the last part for your emergency funds building. A brand new investor isn't free to use any method but only DCA especially, if his discretionary income is regular because anyone DCAing overtime will definitely outsmart an investor that bought with lump sum. Though, that depends on the amount that he lump sum. Buying bitcoin just once, doesn't help to build your portfolio faster.

A person who already has a lot of money to invest. If he keeps money aside for later purchase along with DCA, then it will not be the right decision for him. That person can choose any one of the methods, for example, if he is willing to buy at an average price, then he can use the DCA method, if he wants to buy at a lump sum, then he can do the same. If he has money and if he invests some amount and keeps some amount for later purchase, then it will not be the right decision for him at all. Waiting for a fall is waiting for an unknown future which will happen someday or not, there is no exact time or certainty.

If a person has a lot of money, then he needs to buy immediately and if he is willing to buy through the DCA method, then he can do so, but dividing and waiting in this way will not be the right decision for him at all.

Each person has his own preference as to which investment method he will use. It is not a given that an investor will necessarily use the DCA method or that it is right for them to use the DCA method. Many people choose the lump sum purchase method due to their financial situation. Each person can choose the investment method according to their convenience.

[Frankolala]

Each person has his own preference as to which investment method he will use. It is not a given that an investor will necessarily use the DCA method or that it is right for them to use the DCA method. Many people choose the lump sum purchase method due to their financial situation. Each person can choose the investment method according to their convenience.

Majority of plebs like us cannot afford to buy with lump sum because we cannot be saving and piling up the money before investing. We earn weekly/monthly which from our income we still have discretionary income left after meeting up with our monthly expenses and basic needs. This is why it's more realistic to invest with DCA than lump sum because DCA keeps you in the market and lump sum doesn't.

There's no problem if you have a huge amount of money and lump sum with it but I wouldn't invest like that because I want to take advantage of the market through DCA. However, we have our own decisions to make since, it's our money but let's not make wrong decision that will land us into regret in future.

[PhilosopherKing]

Everyone with their financial capacity . That amount can be the amount the individual can afford to lose, even whales do go into the market with amount larger than $1m . Is like an average individual that's doing okay risking $10k that's how $1m will also belike to that individual planning to invest $1m in the market. But still i won't encourage going all in with such amount, same with the folk going in with $10k, best approach would be breaking down that money into a certain percentages for DCA buying , in order to flow with the market volatility .

Person discretionary income do not have to be $1m  or $1k before the person would know how dumb it is to invest all of it inside bitcoin. The need of using some out of that money is so that person can be able to have some to use to save for emergency. Because it makes no sense to invest now and tomorrow you will start running up and down looking for money to use for an emergency that comes.  So i will add that even if person is ongoingly using DCA method it will still be wise for them not to use all to ongoingly invest.

Plebs like us are not the whales in the market so it will be needless for anyone to start copying their strategy. Those whales, they can invest such a plenty amount because they still have money for any emergency and to do other things that they want to do.

If you now use all your money to invest and you go broke along the way, that can give you no choice than to sell your Bitcoin to use for that emergency. That is why it will always be very dumb to invest all your money especially when you haven't save some for emergency.

[Crakryptvest]

Each person has his own preference as to which investment method he will use. It is not a given that an investor will necessarily use the DCA method or that it is right for them to use the DCA method. Many people choose the lump sum purchase method due to their financial situation. Each person can choose the investment method according to their convenience.

I agree with you that every investor has their choice in terms of the strategy that suits them to invest in Bitcoin, however, please I will be glad if you suggest the the strategy thats better than the DCA method, in terms of flexibility, efficiency and otherwise.

The lump sum strategy is very fine, but hope you know that you can't invest with that strategy all the time, it is only when the funds is available, and what if you don't have the funds, won't you invest or will you prefer being mute without trying something else that have been tested and proven to be simple and easy method, if you talk about convenience, I don't think there is any Bitcoin investment strategy that's more convenient than the DCA method, you can make your research maybe you will be convinced with your fundings.

[abaeze]

The lump sum strategy is very fine, but hope you know that you can't invest with that strategy all the time, it is only when the funds is available, and what if you don't have the funds, won't you invest or will you prefer being mute without trying something else that have been tested and proven to be simple and easy method, if you talk about convenience, I don't think there is any Bitcoin investment strategy that's more convenient than the DCA method, you can make your research maybe you will be convinced with your fundings.

Everyone can manage their investment according to their own preference or financial capacity.There is no problem with that. There is no requirement that one should do DCA or Lum Sum or invest jointly, there are many other investment strategies that can be followed to achieve good results.

However, the most effective and famous strategy to manage long-term investments with discipline and regularity is DCA, which does not mean that only a tested and proven strategy will guarantee future profits.

The big advantage of DCA is to create a habit of regular investment, reduce the impact of emotions during market fluctuations and reduce the pressure of deciding 'when to buy'. In the case of highly volatile assets like Bitcoin, I therefore give more priority to DCA. So that a certain portion of income can be invested regularly and keep a long-term perspective and manage investments in accordance with one's risk tolerance.

[Nwaswago]

Each person has his own preference as to which investment method he will use. It is not a given that an investor will necessarily use the DCA method or that it is right for them to use the DCA method. Many people choose the lump sum purchase method due to their financial situation. Each person can choose the investment method according to their convenience.

I agree with you that every investor has their choice in terms of the strategy that suits them to invest in Bitcoin, however, please I will be glad if you suggest the the strategy thats better than the DCA method, in terms of flexibility, efficiency and otherwise.

The lump sum strategy is very fine, but hope you know that you can't invest with that strategy all the time, it is only when the funds is available, and what if you don't have the funds, won't you invest or will you prefer being mute without trying something else that have been tested and proven to be simple and easy method, if you talk about convenience, I don't think there is any Bitcoin investment strategy that's more convenient than the DCA method, you can make your research maybe you will be convinced with your fundings.

no single strategy fits every investor, but I think the strength of DCA is that it doesn't require a large lump sum or perfect market timing. You invest according to a schedule and adjust the amount to what your finances can comfortably support. Lump-sum investing can work well when someone already has substantial funds available, but DCA offers something equally important, consistency and reduced pressure to predict the market. Ultimately, the best strategy is the one you understand, can sustain, and won't abandon when volatility hits.

[Saltysugar99]

So what if the individual just wants to invest at once in Bitcoin and doesn't want to follow the gradual dollar cost averaging method, Will you discourage her or him? Because to me, there is absolutely nothing wrong with investing a million dollars in Bitcoin, despite the fact that people do always emphasize that you invest an amount you can always afford to lose. And moreover, it's not that the bitcoin will get lost, but just that its price value can always rise and fall less than the actual capital. And in a nutshell, it clearly shows that both lump sum and dollar cost averaging methods are both recommended ways of accumulating bitcoin. And you are free to use whichever is at your disposal. Because it's very possible that you might have that $1m now and if you don't use it immediately, it will alway stile get exhualted
n

It is also a matter of thought how many people in our country actually have the discretionary capital to invest $1 million in Bitcoin. I will not discourage lump sum investment here. Because if someone really thinks that by investing in the lump sum method, he will be able to take the price volatility easily in the future and will not make decisions like panic selling and will be able to hold for a long time, then it is an investor's personal decision and we should not actually prevent it. But even though the matter seems so easy at the beginning of the investment, when the price of bitcoin starts changing over time, it becomes difficult to control emotions. For example, someone may deploy 50% immediately, and the rest in a few months DCA. Someone else may buy the entire amount immediately according to their conviction and circumstances. Again, for someone, spreading it over 12 months may be psychologically more comfortable. There is no single universal correct answer to this. But I personally do not like to take excessive risks myself, I do not want anyone else to suffer losses by taking excessive risks. I personally think it is easier and more convenient for everyone to do DCA with discretionary income. After that, it is their personal decision how they invest.

[Frankolala]

It is also a matter of thought how many people in our country actually have the discretionary capital to invest $1 million in Bitcoin. I will not discourage lump sum investment here. Because if someone really thinks that by investing in the lump sum method, he will be able to take the price volatility easily in the future and will not make decisions like panic selling and will be able to hold for a long time, then it is an investor's personal decision and we should not actually prevent it. But even though the matter seems so easy at the beginning of the investment, when the price of bitcoin starts changing over time, it becomes difficult to control emotions. For example, someone may deploy 50% immediately, and the rest in a few months DCA. Someone else may buy the entire amount immediately according to their conviction and circumstances. Again, for someone, spreading it over 12 months may be psychologically more comfortable. There is no single universal correct answer to this. But I personally do not like to take excessive risks myself, I do not want anyone else to suffer losses by taking excessive risks. I personally think it is easier and more convenient for everyone to do DCA with discretionary income. After that, it is their personal decision how they invest.

It's difficult for low income earners to have a significant amount of money which they can use to lump sum only and this is why the lump sum purchase wouldn't go down well with such people. This is where DCA strategy outsmart lump sum overtime because with DCA you're ongoingly accumulating bitcoin whenever, your discretionary income is available no matter the amount it is.

If you want to use only lump sum to buy and you don't have any money on ground, it pushes you to the waiting room which isn't good for a long term investor that's still a low coiner or a no coiner because before you will wait and pile up the money, you would have missed a lot of buying opportunities. DCA practice is good because it will discipline you to know how to use your discretionary income wisely for the right things without misusing it.

[L E G E N D A R Y]

It's difficult for low income earners to have a significant amount of money which they can use to lump sum only and this is why the lump sum purchase wouldn't go down well with such people. This is where DCA strategy outsmart lump sum overtime because with DCA you're ongoingly accumulating bitcoin whenever, your discretionary income is available no matter the amount it is.

If you want to use only lump sum to buy and you don't have any money on ground, it pushes you to the waiting room which isn't good for a long term investor that's still a low coiner or a no coiner because before you will wait and pile up the money, you would have missed a lot of buying opportunities. DCA practice is good because it will discipline you to know how to use your discretionary income wisely for the right things without misusing it.

The part of the DCA strategy that I believe people often overlook the most is that it removes from the picture the need to predict when exactly you will have the right amount of money. People focus so much on having a perfect entry, especially those who are still relatively new to Bitcoin, and they forget the fact that consistency matters way more than having a perfect entry. The reason why waiting for the right entry can be very risky is that, while you’re busy waiting for that entry (that may never really come) your funds are just sitting around idle and at the mercy of possible inflation or even future emergency.

[Nwaswago]

It's difficult for low income earners to have a significant amount of money which they can use to lump sum only and this is why the lump sum purchase wouldn't go down well with such people. This is where DCA strategy outsmart lump sum overtime because with DCA you're ongoingly accumulating bitcoin whenever, your discretionary income is available no matter the amount it is.

If you want to use only lump sum to buy and you don't have any money on ground, it pushes you to the waiting room which isn't good for a long term investor that's still a low coiner or a no coiner because before you will wait and pile up the money, you would have missed a lot of buying opportunities. DCA practice is good because it will discipline you to know how to use your discretionary income wisely for the right things without misusing it.

The part of the DCA strategy that I believe people often overlook the most is that it removes from the picture the need to predict when exactly you will have the right amount of money. People focus so much on having a perfect entry, especially those who are still relatively new to Bitcoin, and they forget the fact that consistency matters way more than having a perfect entry. The reason why waiting for the right entry can be very risky is that, while you’re busy waiting for that entry (that may never really come) your funds are just sitting around idle and at the mercy of possible inflation or even future emergency.

I wouldn’t say DCA automatically outsmarts lump-sum investing, they simply suit different financial situations. Someone with regular income may benefit from DCA, while someone who already has a lump sum may prefer investing it rather than keeping it idle. What matters most is having a strategy that matches your cash flow and risk tolerance. Trying to wait for the perfect entry can easily turn into endless waiting, while a disciplined plan keeps you focused on the long term rather than short-term price movements.

[Silikiem]

It's difficult for low income earners to have a significant amount of money which they can use to lump sum only and this is why the lump sum purchase wouldn't go down well with such people. This is where DCA strategy outsmart lump sum overtime because with DCA you're ongoingly accumulating bitcoin whenever, your discretionary income is available no matter the amount it is.

If you want to use only lump sum to buy and you don't have any money on ground, it pushes you to the waiting room which isn't good for a long term investor that's still a low coiner or a no coiner because before you will wait and pile up the money, you would have missed a lot of buying opportunities. DCA practice is good because it will discipline you to know how to use your discretionary income wisely for the right things without misusing it.

The part of the DCA strategy that I believe people often overlook the most is that it removes from the picture the need to predict when exactly you will have the right amount of money. People focus so much on having a perfect entry, especially those who are still relatively new to Bitcoin, and they forget the fact that consistency matters way more than having a perfect entry. The reason why waiting for the right entry can be very risky is that, while you’re busy waiting for that entry (that may never really come) your funds are just sitting around idle and at the mercy of possible inflation or even future emergency.

I wouldn’t say DCA automatically outsmarts lump-sum investing, they simply suit different financial situations. Someone with regular income may benefit from DCA, while someone who already has a lump sum may prefer investing it rather than keeping it idle. What matters most is having a strategy that matches your cash flow and risk tolerance. Trying to wait for the perfect entry can easily turn into endless waiting, while a disciplined plan keeps you focused on the long term rather than short-term price movements.

Not only those with regular income can benefit from DCA strategy, even those without a regular income can also benefit from the DCA plan. The DCA suits all and sundry no matter your financial position you can use the DCA to accumulate bitcoin and hold. The DCA allows investors to buy bitcoin whenever they have a discretionary income and also if along the line while they’re ongoingly buying bitcoin with the DCA and an extra or additional money comes to them either as bonuses from work or they won a lottery, which ever source the additional income comes they can still decide to lump sum buy with it.

[L E G E N D A R Y]

I wouldn’t say DCA automatically outsmarts lump-sum investing, they simply suit different financial situations. Someone with regular income may benefit from DCA, while someone who already has a lump sum may prefer investing it rather than keeping it idle. What matters most is having a strategy that matches your cash flow and risk tolerance. Trying to wait for the perfect entry can easily turn into endless waiting, while a disciplined plan keeps you focused on the long term rather than short-term price movements.

Who said anything about DCA outsmarting lump sum? DCA is DCA and lump sum is lump sum, each strategy is unique in their own case and what should determine which one an investor should choose or employ would be the person’s income flow and other individual factors, and not because one strategy is better than the other. Just because a strategy works for one person doesn’t automatically mean it’ll work the same way for the next, and following blindly without first making the necessary considerations might end up affecting you negatively.

[Olatundespo]

It's difficult for low income earners to have a significant amount of money which they can use to lump sum only and this is why the lump sum purchase wouldn't go down well with such people. This is where DCA strategy outsmart lump sum overtime because with DCA you're ongoingly accumulating bitcoin whenever, your discretionary income is available no matter the amount it is.

If you want to use only lump sum to buy and you don't have any money on ground, it pushes you to the waiting room which isn't good for a long term investor that's still a low coiner or a no coiner because before you will wait and pile up the money, you would have missed a lot of buying opportunities. DCA practice is good because it will discipline you to know how to use your discretionary income wisely for the right things without misusing it.

The part of the DCA strategy that I believe people often overlook the most is that it removes from the picture the need to predict when exactly you will have the right amount of money. People focus so much on having a perfect entry, especially those who are still relatively new to Bitcoin, and they forget the fact that consistency matters way more than having a perfect entry. The reason why waiting for the right entry can be very risky is that, while you’re busy waiting for that entry (that may never really come) your funds are just sitting around idle and at the mercy of possible inflation or even future emergency.

New investors can take a variety of approaches to accumulating Bitcoin. It would be a mistake to assume that they simply wait for the perfect entry point. Many investors accumulate Bitcoin consistently, regardless of price. While it can be difficult to find a perfectly consistent investor from the very beginning, new investors often try to maintain a regular routine. Discipline is a very important ingredient for long term investing something that new investors may need time to fully grasp. I believe that new investors are less likely to overlook the DCA strategy because it is so much simpler than other methods. Since it is impossible to predict the future price of Bitcoin with certainty, accumulating Bitcoin through DCA and setting a long-term goal is a superior strategy for new investors compared to other methods.

[Tongley]

It is also a matter of thought how many people in our country actually have the discretionary capital to invest $1 million in Bitcoin. I will not discourage lump sum investment here. Because if someone really thinks that by investing in the lump sum method, he will be able to take the price volatility easily in the future and will not make decisions like panic selling and will be able to hold for a long time, then it is an investor's personal decision and we should not actually prevent it. But even though the matter seems so easy at the beginning of the investment, when the price of bitcoin starts changing over time, it becomes difficult to control emotions. For example, someone may deploy 50% immediately, and the rest in a few months DCA. Someone else may buy the entire amount immediately according to their conviction and circumstances. Again, for someone, spreading it over 12 months may be psychologically more comfortable. There is no single universal correct answer to this. But I personally do not like to take excessive risks myself, I do not want anyone else to suffer losses by taking excessive risks. I personally think it is easier and more convenient for everyone to do DCA with discretionary income. After that, it is their personal decision how they invest.

The investment method you are adopting may not work the same for another person. The right decision for each person is to choose the investment method according to their financial situation and their risk tolerance. Because each person's source of income is different, for example, Person A's source of income is stable and he is able to find a source of discretionary income consistently and continue to invest consistently. If this person adopts the DCA method of investment, then the DCA method will definitely be the best investment method for him.

Person B's source of income is not stable and he is not able to find a source of discretionary income consistently, if this person adopts the DCA method, then he can definitely invest the required amount of money many times and as a result he is putting himself in the middle of risk, such a person should adopt a lump sum investment method, it will be better for them. Therefore, each person should analyze their own financial situation and risk tolerance etc. before choosing an investment method.

[icebar]

Person B's source of income is not stable and he is not able to find a source of discretionary income consistently, if this person adopts the DCA method, then he can definitely invest the required amount of money many times and as a result he is putting himself in the middle of risk, such a person should adopt a lump sum investment method, it will be better for them.

I think that for those whose income is not stable, lump sum investments can be riskier. Because liquidity may be needed in an emergency situation. Income stability and investment method are two different things. If someone's income is not stable and if he cannot generate regular discretionary income, then the problem is not in the strategy. Rather, I think he may need to be clear about his financial situation and available funds first. Because for a person whose income is not stable, lump sum investments are not always a good solution. If he has an unexpected expense in the future and he does not have sufficient cash reserves, then he may have to face the pressure of selling his Bitcoin investment.

DCA is not only used to buy small amounts of Bitcoin, but also to continue long-term savings in line with our own cash flow. Therefore, someone who does not generate regular discretionary income can invest within their own limits when they receive discretionary income. This does not defeat the main purpose of DCA, but rather, by investing within their means, they will not be forced to sell during a price drop.

[PremiumcryptoHub]

I wouldn’t say DCA automatically outsmarts lump-sum investing, they simply suit different financial situations. Someone with regular income may benefit from DCA, while someone who already has a lump sum may prefer investing it rather than keeping it idle. What matters most is having a strategy that matches your cash flow and risk tolerance. Trying to wait for the perfect entry can easily turn into endless waiting, while a disciplined plan keeps you focused on the long term rather than short-term price movements.

Who said anything about DCA outsmarting lump sum? DCA is DCA and lump sum is lump sum, each strategy is unique in their own case and what should determine which one an investor should choose or employ would be the person’s income flow and other individual factors, and not because one strategy is better than the other. Just because a strategy works for one person doesn’t automatically mean it’ll work the same way for the next, and following blindly without first making the necessary considerations might end up affecting you negatively.

DCAs and lump-sum investments are both excellent investment methods, but which one is better may depend on the mindset of our Nigerian investors and the market conditions. Regarding Bitcoin investment, I am mentioning which of these two methods is better: 1) if the market is very volatile and you want to avoid that, you should adopt the DCA strategy, 2) if someone has a regular source of income and discretionary income and wants to save little by little every month, then they should adopt the DCA method.

On the other hand, if any investor has a large fund, meaning they have a sufficient amount of Naira, and is prepared to invest in the market for a long time (5 to 10 years or even longer), then they should invest through the lump-sum strategy. The main point is that any investor who is not very concerned about the market fluctuations and wants the maximum returns on a large fund in the long term, their lump-sum investment is good, but for those who want to reduce risk and invest in a disciplined manner, DCA is a safe strategy.

[samadam007]

DCAs and lump-sum investments are both excellent investment methods, but which one is better may depend on the mindset of our Nigerian investors and the market conditions. Regarding Bitcoin investment, I am mentioning which of these two methods is better: 1) if the market is very volatile and you want to avoid that, you should adopt the DCA strategy, 2) if someone has a regular source of income and discretionary income and wants to save little by little every month, then they should adopt the DCA method.

On the other hand, if any investor has a large fund, meaning they have a sufficient amount of Naira, and is prepared to invest in the market for a long time (5 to 10 years or even longer), then they should invest through the lump-sum strategy. The main point is that any investor who is not very concerned about the market fluctuations and wants the maximum returns on a large fund in the long term, their lump-sum investment is good, but for those who want to reduce risk and invest in a disciplined manner, DCA is a safe strategy.

I don’t know how you got to conclusion that DCA helps someone to avoid volatility, Bitcoin can still drop heavily even with ur regular DCA. It only reduces the risk by spreading it as you buy consistently, so you don’t buy at one particular price.

Having huge funds does not automatically make lump sum a better choice…. One can have and still decide to spread out with DCA because he’s not comfortable putting everything at once.

And you saying lump sum gives maximum returns is vague…. So many other factors determine it like price you buy, the price you eventually sell, and Bitcoin future performance. If the price falls heavily, DCA will give a better average buying price.

[Barikui1]

I don’t know how you got to conclusion that DCA helps someone to avoid volatility, Bitcoin can still drop heavily even with ur regular DCA. It only reduces the risk by spreading it as you buy consistently, so you don’t buy at one particular price.

I guess that he doesn't really understand how volatility works, because if he actually do, he wouldn't be saying that, that's why I always say this, that if you are new in the community, and you can tell yourself the truth that you don't know much, the best thing you can do to yourself is by reading through knowledgeable users post and be learning, instead of trying to lecture those that you should be learning from, because ignorance cannot be taken away if you are not willing to learn from those that are more knowledgeable than you.

Volatility is part of the key features of Bitcoin that made it different from our fiat currency, so the way you accumulate it, wouldn't stop it from being volatile, so the earlier he understand this, the better.

[Cossyblack]

I don’t know how you got to conclusion that DCA helps someone to avoid volatility, Bitcoin can still drop heavily even with ur regular DCA. It only reduces the risk by spreading it as you buy consistently, so you don’t buy at one particular price.

Having huge funds does not automatically make lump sum a better choice…. One can have and still decide to spread out with DCA because he’s not comfortable putting everything at once.

And you saying lump sum gives maximum returns is vague…. So many other factors determine it like price you buy, the price you eventually sell, and Bitcoin future performance. If the price falls heavily, DCA will give a better average buying price.

Honestly,i don't see how using dca to buy bitcoin can remove violatility from bitcoin,it doesn't matter what strategy that you're using,the price of bitcoin will always swing up and down,nothing can remove violatility in bitcoin as it was designed to be that way..  However, the fact that you are dcaing doesn't mean that the lump sum isn't a good strategy,both  strategies are good and can be more effective than the other depending on the investors.