@jjg..well, $19,798 is pretty much 20K in my book (according to rounding rules), but it is a minor point....that you seem to be awfully sensitive about.
BTW, the average price of btc between Dec 2017 and today is also quite surprising (not!) $20.3K...how does this reflect on DCA vs bulk purchase debate?
Basically, you could have DCAed weekly since 5 years ago (or 260 weeks) and your average would have been more than btc price just a month ago (only 4wk or 1.5% of the putative DCA time).
This shows, in my opinion, that better strategy in bitcoin is to have a large stash of cash and to wait for more than 60-70% decline from the recent ATH, then pounce at once or in a few big "gulps".
That's a terrible strategy for the average joe!!...Especially when most will shy away from assets that have fallen 60%-70%.
I got a friend, who is my most accurate indicator for the ATH cycle. Perfect 2 from 2 so far! 2017 bought 2 weeks out from the ATH. Tried to convince him to invest throughout 2018/19. Didn't speak about it again, because i sense he was angry at me for letting him buy at the peak of the market. Fast forward to October 2021, he asked me to help, i got him a significant amount (asked him why he didn't listen, price was going down, too scared etc etc), we all know how this played out! now we are back to square one! maybe negative square one (his wife told him not too....)!
Just re-enforces the fact that the average person will buy on the way up, or closer to the top and not down, let alone the bottom!
DCA with extra cash to #BTFD is the best strategy to accumulate Bitcoin!