If Bitcoin reaches $100k, you can sell the one you bought with a lump sum if you intend to sell
Are you lump summing because you have plans to sell your bitcoin that you bought so soon, if it is so then this is a wrong investment strategy. I thought that you are lump summing to increase you bitcoin portfolio and reach your bitcoin target faster like you mentioned above. A low income earner that just want to start his bitcoin journey will not be able to lump sum and such investor should only stick to DCA in other for him to plan his investment and financial life properly. However, an investor with various means of cash inflow or has fat income can use the three strategy if he has already made plans for themThe DCA method is a wonderful approach that those who have steady income can adopt, the advantages are just so many.
Not only those with steady income alone can adopt the DCA method, but everyone. This is because there are some people that they are contractors or get paid twice or thrice a year, Such people can also use DCA because after, they must have removed their emergency funds and their up keep funds for the period that they will get paid again, also after keeping reserve cash, any amount left can be use for DCA either upfront or weekly or monthly. Only the people that can't use DCA method are people that don't have any income i.e jobless or the once that their income can even meet up with their needs. But such person can still get a second job if he is really interested to invest in bitcoin and hodli for long.I may not prefer using DCA as a strategy for buying Bitcoin, but obviously El Salvador's DCA under the policy of Nayib Bukele is starting to produce dividends. Does anyome know what the average cost of ther investment is? I believe surging to a new all time high would make that about 2.5x, no?
If Bitcoin surges more to a six digit valuation, then some of the other Latin American countries would probably start proposals to DCA Bitcoin. Bukele front-ran all of them.
Bukele understands the power in using DCA method to grow your bitcoin portfolio and that is why, he used it because it is not a burden on one's financial life. This is why newbies are adviced to use the DCA strategy to increase their bitcoin portfolio with timeline. Bukele will be happy for adopting the DCA strategy to increase his country bitcoin holdings.If Bitcoin surges more to a six digit valuation, then some of the other Latin American countries would probably start proposals to DCA Bitcoin. Bukele front-ran all of them.