In addition to what you said about the wrong idea of piling up funds in fiat to an extent before buying bitcoin is that in your bank account, the value of your currency will be depreciate due to inflation overtime, so why not buy bitcoin immediately with the little amount that you have to keep value of your funds and also to increase the amount of bitcoin in your portfolio gradually by putting your DCA ongoing, persistent and consistent for a very long time.
I could remember when I was very young, my siblings and I had one saving box each and whenever we are given money by family friends, visitors and relatives. We put the money in the box and we continue doing this for two years, when the time came for me to break my own saving box for the funds in it, I was shocked at how much I realized. It was big amount that some adults might will not be able to save on their own and you will not believe that the money will get to such amount.
Imagine if you are now buying bitcoin with your discretionary income whenever you receive your pay for 4-10 years above, how much will your bitcoin size be since bitcoin is an asset that the value increases overtime not like fiat that is stable.
Yep.. .a kind of doubling of the power of both stocking away value and also the possibility (even though not guaranteed) that some other kind of upside change in value might also end up playing out.. surely not bad odds of such possibility of upside value growth, even though not guaranteed and we might also not know by how much or how long it will last and various other factors that sometimes have ended up in BTC holders becoming overly nervous in regards to how to deal with such outcomes when they had ended up occurring... Hopefully members in this thread have some ideas about what they are planning to do rather than having no idea.
The informations I've gathered about Bitcoin, is that it has got to different heights in different circles since it launch, and that's why it's best for long-term, giving all class an opportunity to profit overtime, for those who are not very wealthy the dca method is the best approach to bitcoin investment.
investors don't have to wait until they've gathered enough fiat before investing on bitcoin, one thing I love about that asset is that there's no fixed price for investment and both the rich and low class have an opportunity to benefit from it, so far they've got steady income to constantly give them an investing power to keep stocking.
I think you misunderstood something about the DCA method and the fact that DCA method is a gradual process of accumulating Bitcoin doesn't mean that it's mainly for investor with little Capital even rich investors do use the DCA method so don't complicate issues and don't give people wrong impression about it. Maybe you are thinking that DCA is just a process of using small capital to accumulate every week, month etc but no even rich investors uses big capital to accumulate too. In as much as an investor doesn't have to wait to gather enough fiat before they invest but they should take it easy I mean investing is something one shouldn't rush into because if you do you will definitely rush yourself out fact, in other words make sure you are stable before venturing into Bitcoin investment.
You are much more in the right track, DCA method is not only for people that doesn't have much money to acquire this asset in a lump sum, it is also for the rich, why many people prefer this method is because it allows an investor to invest continuously instead of buying in lump sum, a rich investor can decide to take it a bit by bit continuously not minding what the market price says at any given time, it doesn't mean that he or she do not have the financial abilty to buy in large amount during the dip but he chooses to buy at anything because he understands that the dip is not the only time to buy so he decided to use the DCA method that allows every interested investor to buy as much as they can at any given time, it is a personal decision that we dont have to question, what matter is the actual amount an investor will be able to accumulate at the long run.
I don't agree to the terms that we must be stable before we can invest in Bitcoin, what everyone needs actually need to actualize his or her goals in Bitcoin investment is plan, you can devide your earnings into three then use one part to continue investing because when it come stability there are things you need to think about, not all salary earners are financially stable and if you wait until you are financially stable, you will not invest in Bitcoin, all we need is plan and a d how to actualize it, don't invest with your all just go slow and steady and also continue looking for means to earn more as you keep doing the needful, Bitcoin investment involves sacrifice hence it is for the future, sitting back is lapses but holding the bull by its horn is the mindset, lets not entertain any form of discouragement to avoid regret.