It's true that the DCA method is very profitable so you can own bitcoin gradually. Even though the profits will not be too big compared to buying when the price is cheap, at least you can still make a profit if you hold Bitcoin for a very long period of time.
Yes, it is true that dollar cost averaging is a very simple investment method.We all need to have a specific goal to invest in. As long as we are able to reach that specific goal, we should continue to invest. Just like when we invest in bitcoins we need to start investing with a specific goal in mind we need to plan in advance how many years we will be able to continue our investment. Since you are talking about dollar cost averaging method of investing, you can start your investment with any amount whether it is 50 dollars or 100 dollars or 150 dollars.
Whenever we start investing in this method we need to plan for long term so that we can maintain this investment method for long time.If one starts his investment with 50 dollars initially then he may be able to increase the amount of money in his investment later if he has financial solvency.
this whole crazy complexities you all consider as strategies before buying Bitcoin seem to me as excuses that's seriously unnecessary. I know it's necessary to make plans based on the resource we have and also ensure that our plans works well for us in the long run but when you overly depend on making bunch of best plans and strategies you end up not getting the right shit in your portfolio.
You know, one of the main reason why some average guy out there is successful and the brilliant fellow that's always trying to get things all perfect before executing his plans fails is because the average guy doesn't spend all his times trying to figures things out before kick starting. He gets the basic and then boom, he goes for it. Our goal is to invest into Bitcoin and maybe if it's even necessary do so with whatever strategy that's best with us but if all you're after is the sourcing after strategies upon strategies without focusing on the real deal which is obviously buying as much as you can, then all your strategies are bunch of shit.
I sincerely don't buy this idea, knowning the strategy and buying plans or accessing the asset are mostly done by every investor, like for example, I'm new to the world of bitcoin investment, I will consisder the strategy that suits my income, if my strategy is to buy using the lump sum strategy at first and continue with the dca strategy that's okay. A lot of investors prefer to learn while accumulating, the only problem here is after an investor finish listing out those strategy and then fail to accumulate or rather waiting for the price to decrease is very wrong, the whole thing with your idea sounds like an aggressive move tho. The only problem I get is when people consider the volatility nature of bitcoin with the risk, I see no problem with the volatile nature when a long term mindset can handle such risk, fantasy about the price of bitcoin is another thing, price increasing and decreasing or being stable, although alot of investors have seen that with several experience but still I can't tell about the price, maybe as a newbie I have zero idea about the fluctuating price or I might end up telling lies.