And this is the function of running a DCA strategy because the price of Bitcoin is not easy to predict in the near future, but in the long term the price of Bitcoin will rise even if there is a decline.
We may be able to speculate the price of it but if it's about predicting it properly and accurately, one thing we can say is that it's always been unpredictable.
From what I've seen over the past few years, the people who guessed correctly were pretty much right. Although it is not possible to accurately predict the price of Bitcoin, some estimates are fairly reliable.
Bitcoin investors gain confidence in investing around speculation. Speculations might be right or wrong, and what people say about bitcoin price should not be taken serious. Speculations on bitcoin price has mislead some people in the sense that, they start waiting for the dip to buy at a bottom price of their own target, and most times it ends up up playing out and the will miss out, still sitting on the fence believing that the price will certain come true due to what they hear.
Speculations can also give false hope to newbies, that will make them think that bitcoin is a get rich quick scheme, and they will use the money for an important aspect of their lives to buy bitcoin believing in what people told them or what they hear on T.V, and if bitcoin price did not play out that way as speculated, they will get disappointed, and sell of in loss. I am not saying that to speculate is bad, but we shouldn't put that in mind when investing, rather we should see bitcoin as a sound investment that will safe our money from inflation in the long run and also give us good profit in return as a benefit of hodli for long.
If you are under 50. Buying btc monthly for 10 years and hodl it for 5 more.
Then at 65 it should help a lot for your retirement.
You cn have a 5x monthly dip buy. Ie if you save 400 a month dca. and BTC does a 20% dip buy 2000 in btc.
you likely will save 120 x 400 usd with the dca and catch a few dip buys.
so maybe
120 x 400 = 48,000 usd in dca
10 x 2000 = 20,000 usd in dip buys
grand total of 68,000 usd invested in a 10 year period then hodl 5 years this is a 15 year plan for people under 50
this is not advice.
Sir I love your plan but I am not only holding for retirement, I'm quite young just under 20 and still earning not quite a lot, my plan is to hold for 20 years and get up to as much as 7 bitcoin in my stash, I know its quite small but as my income increases I'll increase my target, but why I see myself still beign on track, who knows the price bitcoin would be 20 years from now, 8 bitcoin could be a whole fortune, I'm still I my early stages of accumulation by the way and right now my emergency funds and reserves are quite the priority, luck me I don't have much expense on me, my parents still take care of quite a lot, so I use this opportunity to give myself a future in bitcoin.