Most people in Africa are struggling to own bitcoin, taking risks just to own bitcoin, because if you check the living conditions of masses, you will see the main reason why there is many adoption of bitcoin especially by their young citizens is because bitcoin is hope. Bitcoin has become the shinning light they can look up to for a brighter future and better everything around them, and improve their living conditions. People living below $50 monthly salary are still buying bitcoin and hodling for dear life.
But, I think every country/region has a limit on the minimum wage paid to workers. If only a monthly salary of $50 they get this way, this is already a game by their boss.
On the other hand, if this is true, maybe that is what causes people there to be reluctant in starting BTC investment due to the limited money earned from paying their salaries after work, where they also know very well that starting to invest in BTC will be a solution that will help.
This is a frustrating but true fact. Poverty deters people from investing in Bitcoin. They think investing in Bitcoin is too difficult and expensive. They think saving in poverty will not be responsive to them. But they don't know it, the money invested weekly or monthly in Bitcoin can one day change their life. There is no need to set aside a lot of money, setting aside a little money and saving regularly can greatly improve their quality of life. In this case I will blame their lack of knowledge.
No matter how smart you are in this case scenario of $50 per month, you may not be able to accumulate bitcoin, talk less of setting aside discretion /reserved and emergency fund because $50 is way smaller in terms of btc investment. because if for instance you are receiving $50 per month, let's say you set aside $5 weekly DCA howany Dolla will you keep for emergency and reserved and also feeding for the next 3weeks ahead after you might have invested in the first week? Surely such investment will put you in a tight corner. In as much as we talk about investing as little as $5 to $10 through DCA , we should also think of a reasonable amount that will not make us to sell off our bitcmoin HODLing which is better of than not investing atol. $50 is not a reasonable amount to even feed a family for 1 month so let me realistic in our analysis.
Suppose a person earns $100, after providing for his family, if he regularly saves $10 a month in bitcoins for 10 years. After 10 years his savings is 10×12×10 = $1200. Since the value of Bitcoin is always increasing.
Actually if a person earns $100 it is manage able or otherwise more reasonable compeard to $50. So in such amount a person might decides to investing as low as $5 per week through DCA and devid the rest amount accordingly . Or better still invest $10 or $15 per month as a form of lump-sum. It is better off.
After 10 years his accumulated bitcoins will be $1200+. With that money he can easily improve his life standard and he can build a business with this money if he wants. He will be able to earn much more money than before from the business establishment. Thus a poor person can make himself self-sufficient by investing regularly in Bitcoins.
You should know that as time goes on btc price will be increasing so you should not focus only on investing $10. you should think of increasing your investment plan to be in more saver side of being advantaged of accumulating more stash.