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 get what you are trying to say. Yes analyzing different strategies without actually taking action to buy is bad, and it doesn't profit any one. However for those that analyze strategies and still take action on buying, they are making use of the best strategy that's available. Everything in life have a technique of doing it. And if you neglect those procedures or methods it might come back hitting at you. When you talk about the average guys out there succeeding without following rules you are wrong there. All you see is their success and not behind scenes. The efforts they have made and the procedures and techniques they followed. There many success stories here about people who followed the methods that have been taught here and succeeded in their accumulations. If you happen to come across those average guys that have succeeded, ask them if they actually followed any methods and if they are truthful enough to tell you their stories you will find out they are either following one of the methods that has been thought here regularly.