someone who wants to invest in bitcoin but has limited capital can try the DCA method where they can invest consistently and don't need to think about trading strategies or other complicated things. with as little as 2-3 dollars a week or 10 dollars a month, which is quite small money, it can be a very large investment if consistently over the next years. and i have applied this method for the past few months and i think it is quite worth it because i only need to reduce my allowance and allocate it to bitcoin investments consistently and plan to hold it for the next few years.
2-3 dollars per week is a very small investment but you can definitely get a good return according to your investment if you do it regularly. If we keep investing $10 every week in bitcoins we will be able to make our portfolio healthy in 2-3 years. You can turn your asset into a wealth after holding within two or three years.
There is always a sacrifice that must be made when doing something, especially what we are doing here is for our more secure future. I think it is something that is worth sacrificing when we leave the fun for today by diverting it to invest and do DCA every week.
What I feel when we are already happy and used to doing this is thinking how to continue doing DCA and increase the amount, one of the things I am doing now is looking for extra money, and I do anything as long as it does not harm others and the money I get from the right way.
An investor should first know his financial situation well. He will invest in Bitcoin which is definitely good but he needs to take necessary steps to maintain the basics needs and after that you can decide to invest in Bitcoin. You use money for bitcoin and convert that money into fiat again which will hamper your holding and you will be sufferer. Since DCA is a good strategy for investing in Bitcoin which can definitely give you a good return in the long run. Although it does not give certainty but after researching in various ways there is a good response and it is very much effective all over the world.
Everyone certainly thinks about their future, so they will of course invest in their future. I agree with you that if we currently hold fiat money, we certainly cannot guarantee that inflation will occur, so it would be better for us to choose to invest in Bitcoin. Using the DCA strategy in collecting Bitcoin can indeed help those of us who have a small income so that we can set aside some of the income we have to invest in Bitcoin consistently and I am sure we can make a profit with the strategy we use.
I think investing in bitcoins will not be profitable for those who want to hold bitcoins for more income in short term. The purpose of using DCA here is to invest money in a way that I can grow my Bitcoin portfolio in the long term. Here the investor must keep aside the issue of temporary gains.