The overwhelming majority of common men do not have lump sum amounts to invest into bitcoin or anything else. So one of the best things that any common man can do is to create his own situation in such a way that he has discretionary income - which means that he has income that is extra as compared with the level of his expenses - so that when he invest into bitcoin, then he can just continue to build the investment. He is not waiting, he is continuing to build little by little by little through the years. And, so yeah, with regular investments, he might not end up making much if any progress, even if he puts value into such regular investments.. and also with regular investments, he might not be able to invest $10 per week or some modest amount, yet with bitcoin there are ways to invest small amounts on a very regular basis and over a long period of time.
Yeah most majority of common do not have lump-sum amounts to invest in bitcoin, even when one may try to go all in at once as form of lump-summing purchasing as a common man , he may endup not being able to keep with his investment and handling his financial situation. Leading to that individual messing up with his investment by withdrawing on a regular after seeing his investment as the only means of him surviving due to poor planning.
So in such situation as a common man DCA strategy would serve as the best means of accumulating bitcoin , by allocating some certain percentage of his earning , may even start with the amount as low as $10 as his DCA fixed amount as first, aslong the individual his being consistent with it . And may be as time goes on he may tend to increase his DCA amounts Inorder to make his Bitcoin accumulation more effective.
The most likely absence of large capital is part of the advantages that bitcoin helps to achieve for the common man.. If the guy has large capital then his situation is advantages, yet with bitcoin large capital has chances of being built through years, and years and years of ongoing accumulation using relatively small amounts that build with time.. again no guarantees, yet bitcoin continues to appear to be one of he long term greater of asymmetric bets available to someone who is starting out with relatively small capital or little capital to build his capital by putting time, energy and value into bitcoin
Exactly one just need to patient when it comes to Bitcoin investing , by hodl and the same keep accummulating. Using DCAing and the other convenience methods in accumulating Bitcoin. With some good proper planning and discipline towards their investment. Just as said though is not guarantee but still Bitcoin has been proving it's self worthy to be among the best investment.
Yes.. it is too fucking bad, if you don't have any discretionary income, then you cannot invest. So yeah.. life is unfair, but what you going to do about it?
If you never can figure out a way to establish some discretionary income then you are never going to be able to save or invest into anything.
With bitcoin you have to be able to put away money and to be able to forget about that money for 4-10 years or longer, and surely the more that you can scrounge up then you as a lower class person, you may be able to pass up a middle class person who did not save and/or invest
Yeah one not being able to establish some discretionary income won't be able to save or partake in any form of investment at all. And this ain't encouraging at all , because one need to try all means to have some discretion if he or she is ready to change his. Financial status, By having different sources or cut some expenses inorder to have some discretion incomes . Because having some discretion income is already a stepping stone to become successful in an investment.
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If only the common man would have to be patient, then a guarantee of life long success can be attainable.
You treat Bitcoin like "manna from heaven" when simply Bitcoin is a decentralized transaction system developed out of Satoshi's concerns about the current system. It wasn't developed as an investment asset from the start, but somehow over time people considered it an "investment asset" rather than a digital currency. That's not wrong, but what's wrong is how someone deifies Bitcoin and assumes that one can become successful by just investing in it and being patient - and even more hilariously makes it a gateway to "life long success". No need for hyperbole, and just educate people properly, no need to exaggerate.
Yeah you are right in Bitcoin being a decentralised transaction system and being a digital currency part. But you are damn wrong one not being able to become successful just by investing or holding bitcoin. You have already scream it out that you a short sighted goal individual , Of not being able to see the beauty of holding Bitcoin. Mate tell this to those early investors that started holding Bitcoin 11 years ago holding some nice quantities till now, they are In massive profit now due to the gradual increase in value in Bitcoin over time . So there's nothing hilarious there because is just the fact that Bitcoin has changed alot of people lives for the by just being patient holding a nice quantities of bitcoin.