When coming into Bitcoin investment there are somethings that are always confusing and it was to me too but I no better now which are.
1. How can I buy something that one of it is $60k plus and you are saying I should accumulate enough of it.
This was one thing that got me thinking but I was told that Bitcoin is divided into smaller unit and one can buy any amount of Bitcoin one wants just as your money can carry and that I can buy little by little till I get 1 BTC or even more so after that explanation I understood.
So I think some newbies also think the same way and that is why they don't believe in DCA strategy and some even lost interest because of this and that is why is good to ask questions when you don't understand something it helps you to grow.
There are more investors that can invest up to 1 BTC for a start, the thing is just how much you deposited for a start and how long are you planning on holding/accumulating your Bitcoin portfolio if you have decided to invest in Bitcoin. Actually Bitcoin investment isn't by force, to me it's just by choice, if one thinks that Bitcoin is worth investing on, then the person should invest the amount that he/she can afford.
However, there are more investments outside the Bitcoin space that worth more than $64,000 in each category, and in those investments there are more categories their investors partake on and to be truthful, most of those investments are Ponzi schemes but those that think that those investments are legit end up investing on them and still lose their capital.
Lastly, this is also the same reasons that many investors that were supposed to invest in Bitcoin ended up investing on some shitcoins and they have lost their money because those projects are fake.
Although most of the reasons why some shitcoins collapse is probably because of bad managements or let's say low liquidity, or no market support.
2. The believe that one won't accumulate enough using DCA strategy.
A lot of people feels DCA strategy is a waste of time and one can't accumulate anything reasonable, I know a lot of people who has used this DCA strategy and has accumulated enough Bitcoin it only takes some years, for me the reason why people see DCA strategy as a waste of time is because they see Bitcoin as there only source of income which is very wrong, when you have a good source of income Bitcoin investment becomes more better for you and you won't have to panic of anything and before you know it you have accumulated enough.
If you don't have a source of income all your mind will be in your Bitcoin investment thinking about how it will increasing in price and since that is what is in your mind you will get tired of holding easily but with a source of income you won't be bothered and you won't get tired of holding.
The believe that ine can't accumulate enough BTC is probably because the investor have doubts and he believes that he can not accumulate any BTC while he uses DCA method. But the truth is if you are not stricted about your investment you can't use DCA method to invest in Bitcoin because it's either you can not limit your weekly or monthly expenses.
However, I keep believing that the more capital an investor uses to DCA on Bitcoin gives his investment more advantages to increase when BTC price goes up.
Well, those that puts in mind that BTC is a get rich quick scheme project might not invest much on Bitcoin because when BTC price starts depreciating in few hours they keep panicking because they aren't making any profits at the moment. And those are investors that don't invest for long term.
Another thing is that ones you don't have a source of income you can not DCA on Bitcoin because there might not be method you can use to get the money you will invest in Bitcoin with.