Im definitely cool with dca cause from your examples I think dca is the best strategy for a newbie like me then I can learn more about buying dips and all that, and judging from my capital, how much would I be keeping out for dips, I just think its not enough, so I'll dca first, then I can add other plans later. Although I had already invested 10$ into bitcoin last week, I going now i can move a bit slowly, while getting more capital to fund other strategies.
Of course, past performance does not guarantee future results, so you just do your best.. and sometimes it can be o.k. to build up a separate fund that you would be able to use for buying on dips, even if you might ONLY be setting aside a few dollars every week for such potential purposes, and frequently I think that $10 per week is very small, yet I know that some members in some parts of the world feel that they can ONLY do $10 per month, and so doing $10 per week, you are investing 4 times more than they are.. and sometimes there could be some ways to both invest into bitcoin regularly and to build up a side fund that you would use for buying on dips.. and really my example 8 is stemming from the hypothetical income and expenses that I described to exist in example 1 .
Example 1: This person has not accumulated any bitcoin, and has an income that is between $300 and $2k per month and most months his income is around $1,200, and monthly expenses of between $600 and $1,000 per month and most months $800. This person has a debt of $1,400 that he services at $50 per month with a 6% interest rate that he services at $50 month with an expected payoff in 30 months (2.5 years), and he has an emergency fund of about one month's expenses $1k.
So in my hypothetical there is already some income and expenses presumptions that even seem to give quite a bit of a cushion for possible investing into BTC, and there is debt described and a pretty much inadequate emergency fund, so sometimes there can be enough income to be able to accomplish several things at once, but at the same time, there can be struggles in which a person might not have much if any cash left over to be able to invest into bitcoin, and so there would likely need to be some setting of priorities and if they actually have emergency expenses that end up occurring in any particular month, they can end up putting themselves into a pickle if they don't have enough in their emergency funds to cover their expenses during that period, and they feel that they have to dip into their BTC at a time that is not of their own complete and voluntary choosing.
A lot of poor people (or not so rich people who have tight cashflows) will fail in their investments (including their BTC investment) because they have not structured their investment properly and they are ONLY preparing for UP and/or they are not creating, building and maintaining an adequate/sufficiently sized emergency fund.. which should be 3-6 months of their expenses in cash (or the currency in which they are paying their expenses).
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And that the reason I think setting up a business that could support my investment would be good, cause if I'm investing just 10$ weekly, how long do would it take to accumulate up to 1 bitcoin for me, and the market would either favor me in this case by decrease which I can't bet on, or increasing which would most likely happen. So i think to avoid a poor accumulation result I must have a plan that should help accelerate the process by giving more capital to strategies and invest properly. Even with a monthly earning that could go up to 300$ just assuming, alone would not give me a good time frame for accumulation since I might have some short comings that would make me dip my hand back in my investment and even my expense must be managed properly to for me to hive a higher chance to save up some emergency funds. For now I think I would start with dca with my little allowance and then use my monthly income to set up a system that can generate a substantial amount for investment. Cause if poor income and management could be a deficiency in accumulation where I might have to dip my hand back in my portfolio then I guess my first real move here should be to fix that and get my finance in order. What do you think about this.