Yeah, but if you did not have any BTC, then how are you going to know to wait before you buy?
Even if you started buying
$100 per week of BTC on December 19, 2017, by now you would have had invested $32,700 and you would have accumulated 2.66 BTC (currently worth about $186k), so you would be right around 5.7x in profits... so there is no reason to be greedy or to be trying to second guess these kinds of matters. The main thing is to get the fuck started and to establish a position, and surely a guy with 2.66 BTC is in a good place right now, but he still might feel that he does not quite have enough and he might feel that he needs to continue to invest at $100 per week or maybe even to be more aggressive in his weekly DCA amount.
I just have a small point that today bitcoin price is around $70k and if we are comparing last 7 years DCA till today then it looks good. But few months back price of Bitcoin was under $20k and at that spot thing might not look as ideal as they are today.
The statement "Things might not look as ideal as today" is a little bit confusing because things should have look so ideal then compeard to now. I think DCA by then would have been better because whoever that invest in btc few months ago maybe $20 each week through DCA strategy would have yield alot of profit even if we know it will be saved for 10 to 20 years. you would have made alot of money. I think you are trying to make a point but your Grammer turns to mean another thing.
There is consent that some investment is better then zero investment. If I talk about myself then if I have been investing into bitcoin since 2017 then I might be in some good position. But since I started investment quite late so I have to wait for a while to see my portfolio in good position.
You don't really need to see your portfolio look pretty much nice before accumulation. Accumulation should not be done aggressively but be done I a manner that would not affect us. You can invest as low or small as $10per week and you may not feel that you are investing. You may know the power of investment after an interval of 10 to 15 years.
I agree with you on this idea of not looking at your portfolio before buying more bitcoin because as long as you are using DCA method to accumulate regularly, there is no need. What I do is that, I write down how many Satoshi I acquire everyday week and at the end of the month, I sum it up. This is how I do every month so that I don't start thinking that I have accumulated enough, or when the price pumps, I don't start thinking of the profit in my bitcoin investment.
Sometimes over looking at your portfolio, can give you false hope that you have accumulated some good quantity that you might be tempted to take a little profit, if you are not disciplined at stay focus on your bitcoin goal. As long as I am DCAing regularly, I know that my bitcoin portfolio is increasing weekly, and that is the joy of buying regularly.