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But now by investing bitcoins in DCA method I am able to consolidate the funds and convert it into bitcoins, from here my future will go far and I will be self-sufficient. I invest between 5 and 9 dollars a week. My goal is that I try to keep my investment alive for several years.
I am glad that you are shooting towards buying BTC every week, and since your purchase amounts are so low, I hope that you have some kind of a system to make sure that your investment does not get eaten by transaction fees.
If you think about it, even after a year, your investment is ONLY going to be between about $260 to $520, yet I am not really poo-pooing the quantity in terms of you can ONLY do what you are able to do.. so you do the best that you can do.
If you are able, I think that you should continue to strive to invest every week without skipping as long as your finances allow for it, and at the same time you should try to figure out if there might be some ways that you might be able to increase your disposable income by either increasing your income or decreasing your expenses.. and yeah, if you were ever able to get your investment amount to higher amounts then that will likely make a BIG difference, again making sure that you are not getting eaten up by fees.
Of course, I assume that you have various forms of back up funds such as an emergency fund, reserves and float, because if you are not doing that, then you might find yourself in a situation where you have to cash out some or all of your bitcoin at a time that is not completely of your own choosing...and many times, I have mentioned that I don't mind the idea of building back up funds and bitcoin investment at the same time, yet you also know that you run the risk of running out of emergency funds and again having to sell some or all of your bitcoin at a time that is not completely of your own choosing.
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So the DCA strategy is for those who receives small salary and those who receives big salary, one can decide to invest $5k weekly or $100 monthly it all depends on your Discretionary income.
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The problem is that low-income people often struggle to make ends meet, as any unforeseen expenses can push them over their budget when they no longer have spare cash to invest and their DCA purchases become inconsistent.
Knowledge of investing is always a good thing, but investing itself is not a universal, fit-all solution. People with low income should be primarily focused on increasing their earning potential (aka investing in themselves) rather than investing small amounts in assets like crypto or other markets.
When you don't have much to invest, even hitting great returns won't earn you life-changing money. It often creates a false sense of "having something going on" for you and makes you content with your current situation, whereas spending even a few years on getting real-life skills and increasing your earnings would elevate you to a higher level much faster.
You may well have a decently good point.
A poor person who is only investing 5-10 per week into bitcoin might never get anywhere as compared to some potentially more long lasting avenues that involve seeking better income and better employment skiills.. and sometimes going out and getting some experiences in order to potentially get placed in a higher earning potential.. .. ..and let's say that he earns around $100 to $200 per week or maybe some larger amount, but yeah if he were to get his income up to $400 to $500 per week, then he may well end up way better off than investing into bitcoin, and surely I hate to say it.. since we are in a bitcoin thread and bitcoin is a great investment, yet we have to consider that really low disposable incomes may well have troubles building wealth...
Including that sometimes we might consider "why not both," yet in some circumstances there are not enough resources to carry out both in such a way that they would both be meaningful.. so sometimes priorities have to be focused on and in the right kinds of ways that are more likely to result in actual material payouts that may well result in life-changing outcomes..
I hate to talk anyone away from bitcoin, but yeah sometimes bitcoin might not be so feasible for folks without any discretionary income or hardly any discretionary income when they might be able to increase their discretionary income in ways that potentially conflict with investing into bitcoin.