There have been so many newbies that are buying Bitcoin without having full understanding about how Bitcoin investment works.
They may feel like if other people are making money from Bitcoin by buying and holding, they can also make money from the market when they buy and hold too. They may have forgotten that is not by buying and holding only but buying Bitcoin at the right time.
The market is big enough to swallow our Bitcoin accumulation and we have to do it in the right way that will not make us to buy at the top when real investors are waiting to buy at the dip.
There's no perfect time to buy bitcoin and you mustn't know much about bitcoin before you can start buying provided that you have your discretionary income and know where to buy your first bitcoin from, you are good to get started.
When you think that timing the dip is the best time to buy, you will remain a no coiner or a low coiner for the rest of your life because you are busy waiting at the ball park clueless of when the price of bitcoin will dip. What if the price did not dip, it means you will keep waiting missing out the opportunity that you should have used to build your bitcoin stash to a certain level.
Brand new investors should focus on building their bitcoin investment with DCA because it gives you the room to ongoingly buy bitcoin weekly and increase your bitcoin portfolio overtime. Waiting stills the opportunity that you have to increase your wealth in future. With DCA you buy both at the bear and the bull run. It's not the price that you are buying that matters but consistent and persistent on your bitcoin accumulation.