Watch John Bogle’s advice in how to invest in stocks and equities,
https://www.youtube.com/watch?v=doKsy4itiREJohn Bogle was a HODLer-type, and was the founder of The Vanguard Group.
It’s obviously very applicable in Bitcoin’s HODL-style investing, and he also addressed and encourged a dollar-cost-averaging strategy. BUT, he also said that an investor should “get in right in the first place”. Is the current market the right time to enter? I believe it’s an opportunity, but leave yourself more capital to average down because no one gets it in right unless you’re very lucky.
Of course, there is a lot of luck in investing in anything, but persistent investing creates some of the luck in terms of if the investment ends up going up in the long run. So, in some sense, if you do not have a lot of money to start with it is going to either take a long time or a lot of BTC price appreciation for you to either feel the effect or to become rich off of it, yet at the same time, you should be attempting to work with what you got rather than engaging in overly leveraging kinds of behaviors - and in that regard, bitcoin seems to continue to be one of the best investments out there in terms of considering both downside and upside risk and both downside and upside potential.
So a convincing definition of luck is where preparation meets opportunity.. so yeah, the idea of DCA investing is good, with a wee bit of front loading of the investment (if you can) combined with some levels of preparations to be able to buy on the dip, if the BTC price dips from here or if it ends up dipping at latter dates (presuming that it already went up and then dips at that point).