Invest on what you can afford to lose as always as yet this is the primary rule when it comes to investment which specifically means that its not ideal on spending up the funds which are intended to pay up your monthly bull. Investing is really that reflecting out on your financial capacity on whatever means you would really be getting it but if we do speak about that sole income source then having this kind of investment set-up would really be that a huge challenge. So in the end of the day it would really be just that depending on you on how you would really be handling up yourself when it comes to investment decision
Well investing with what you can afford to lose is nice, but still to me is going to reduce the rate of one accummulation of Bitcoin. For instance the money one may agree to risk may be as small as $10 weekly as DCAing,which may take some time to turn to something nice , expecially this time around Bitcoin price is high , so that amount won't be able to coverup some nice quantities in the individual accumulating phase.
So to me the right thing is that one can start his accummulation or investment of bitcoin with what he or she can afford to lose, as time goes on after understanding more and seeing the beauty of Bitcoin he or she can increase his rate of Accumulating without any fear of losing that much aslong he or she possess some good discretionary income. Because alot of investors have use such mindset to affect their investment negatively when it comes to accumulating. Tho one should accumulate in a way that he or she won't over doing it leading them in putting their hands in their emergency funds. But still one should try to be as aggressive he or she can .
You're absolutely correct, the market can be very interestingly complex and dynamic. There's every possibility of losses when choose to split up your payments, making you see reasons why you should've just invested the whole $500.
Inasmuch as the. DCA strategy is quite and outstanding and effective strategy it's still doesn't necessarily guarantee savings, especially when the market price keeps rising during the time for your subsequent buys.
That's true , but still lump-summing is also a nice method of purchasing Bitcoin, expecially when one have some good cash flow . Because most time it help to give some good head start in one investment . For instance one may have $1k( $500 is for covering expenses while the remaining is for investing) and the individual have some nice cashflow. So he or she can go all in with the $500 then may decide to start using DCAing after that . With that he or she will be able to coverup more ground in his Bitcoin accummulation, so most time making use of all the strategies actually nice , but if you see you can keep up you can stick with your normal DCAing.