Personally, I suggest that beginners to bitcoin can come in with 5% to 25% of their income into bitcoin, yet they surely have to figure out if even my own recommended range works (and is appropriate) for their personal circumstances, and in the end each person is responsible for his own choices of both whether to invest in bitcoin and how much, and surely many of us suggest to get off zero and to get into some kind of a beginning range (such as 5% to 25%), yet there still is an overwhelming majority of normies who are still stuck at either zero or very low levels of allocations to bitcoin.
You've made a valid point, and this leads to my question. Do you think some of these normies don't have that financial capability to allocate from the little they have, or they just don't know how to make plans and allocations?By definition, a person who does not have much or any discretionary income should not be investing, so I am not referring to people who actually do not have discretionary income.
Now, my reason for asking this is that, in most cases, we come across people who finds it difficult to invest from what they have,
Of course, investing is difficult, and a person needs discretionary income before he can invest.. otherwise he is trading or gambling. I don't recommend trading and/or gambling, even though people do it and people can do what they like, whether I recommend it or not.
because it is considered very little.
Well. Either you have discretionary income or you don't. If you are not sure, then you might need to hold the cash aside until you are sure that you have enough to cover your various expenses before buying bitcoin.
Another thing with bitcoin is that your investment timeline should be 4-10 years or longer. Sure a poor person could go into bitcoin with a plan to invest 4-10 years or longer, yet emergencies could end up happening, and hopefully they have an emergency fund to take care of such emergencies if they were to happen, but yeah, I understand that many people barely are able to gather up enough income just to eat, remain sheltered and to take care of their other life-necessary costs, such as transportation other kind of basic needs, so those people would not necessarily have enough income or reserves in order to be able to invest in bitcoin.
And even though these set of people are opportune to get more income (maybe through salary increase, as a result of promotion), or other means, they still find it difficult to pull out a certain amount for investment, probably because they feel that an increase in income, also means an increase in expenses, which IMO, is a bad behavior to managing finance.
An increase in income does not automatically mean an increase in expenses. Of course, if a person gets a job down the road, then maybe they have to pay for transportation and some other expenses, yet hopefully they are making more from having the job (the extra income) than the extra expenses that they may well have to incur to perform the job.
Frequently if a person is having troubles figuring out if they have enough income to buy bitcoin or not, then they might have to spend more time figuring out their financial situation, and probably it would be better to error on the side of not investing into bitcoin, since if they invest into bitcoin, they have to consider that money to be removed from their ability to use it for 4-10 years or longer, so if they cannot figure that part out, then they might not be in a position to invest into bitcoin...
And yeah, there could be ways that a person is able to increase their income and/or cut their expenses in order to be able to invest into bitcoin yet it may surely not be obvious how to accomplish such, and each person is ultimately responsible to figure it out and if they screw up their finances and/or psychology based on their having had invested into bitcoin (or having not invested when they should have), then they have no one to blame but themselves, and surely there are also people who are not able to do basic math, so they might not be a good candidate to own bitcoin, yet I am not going to presume people to not know basic math even though there are such people who probably should learn basic math prior to investing into bitcoin or anything else.
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Before doing steps like that and DCA or buy in lumps, a person should consider all the risks, analyze a big chunk of info needed, and keep acting toward the goals in his mind.
Of course, DCA demands consistency and focus, but I don't think the whole analysis thing is very important, besides there is no risk in investing for long, as long as your accumulation is intact and safe, because security matters alot for a long term journey.Before doing steps like that and DCA or buy in lumps, a person should consider all the risks, analyze a big chunk of info needed, and keep acting toward the goals in his mind.
And, yeah, I agree with sotelorene in regards to your last point..... Investing long term into bitcoin does not remove the risk, since there is always a risk that your investment could go to zero, and that risk does not go away merely because you are investing longer rather than shorter. Self-custody is probably helpful to protect a long term investment, yet even self-custody does not remove the risk of some folks messing up their own self-custody, and it is likely that many folks lose their bitcoin based on faults in their own self-custody situations.
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See, this is the classic example of what I have been saying, although I just started to accumulate later that you obviously. 
. It's really the hard grind every week that you need to budget. So it's all on the mindset guys, as long as you will focus and wanted to reach your goals, it can be done no matter what we are going to face. That's why for those who have doubts, just test yourself and see how it goes. After the bull run of 2017, and entering bear market in like March of 2018, I still didn't start to accumulate after 6 months of that bear market. Perhaps it was due to the fact that it was my first time to see a bear market and I really don't know what to do. But by reading about DCA and what other "seniors" member here are suggesting, my goal is only 10th weeks in the start, and it goes to 20th weeks, then have few ups and downs as I have to withdraw some and start all over again until I pretty much stack up some in my wallet. However, my mistakes is that I sold everything in the next bull run which I think I shouldn't or at least left some and do the same strategy, rinse and repeat. So in this bull run cycle, lets say we top at December 2025, maybe I will sell some but not everything as we all know that in the next 2-3 cycles, almost all Bitcoin will be mine or at least 99% of it. And with how the government and big entities are buying, the price will really go up in the future, but it's going to be very hard to acquire for a average investor. As early as today we should be preparing for that massive price and not sell everything this bull run, or even not sell at all if I don't feel like selling. But let's see, depends on my situation on the peak of the bull run.Of course, you can do whatever you like, yet from your description of your plan and your previous mistakes, I can see that you plan to try to hang onto more of your BTC than you had done in previous cycles, yet I have a hard recognizing and appreciating that you have learned any lessons from your past mistakes and what seems your lack of focus in terms of your seeming to want to trade the tops rather than staying focused on accumulating bitcoin until you get to a point in which you can manage your bitcoin holdings without having to worry about whether bitcoin prices are up down or sideways.
Bitcoin is likely amongst the best (if not the best) investment asset widely available to mankind in which wealth is being transferred from no coiners to coiners and you seem to be having trouble figuring out which side you want to be on during such ongoing wealth transferring process. Hopefully, guys can stay focused on BTC accumulation rather than fucking around trying to trade BTC or speculating that they might be able to buy back more BTC at lower prices.
I have frequently asserted that I don't sell any BTC with expectations of buying back cheaper, so any BTC that I sell I do not expect to ever buy back cheaper, and so therefore I sell very little and since 2015, my BTC has continued to compound upon itself... something like 8 or 9 compoundings, so far... and allowing those compoundings is way better than extracting short-term profits and gambling upon whether the BTC price is going to drop or not.
Long term holding proves your interest in preserving the value of bitcoin also. Have you thought about what will happen if everyone decides to sell off their bitcoin stash without buying back.
At the listing of most new coins, most people that don't put hope in them sell of their assets within minutes after listing with little or no much buy backs.
Being able to buy more than you think about selling is what can help preserve the credibility of the coins.
Selling a part to buy back is also risky, you may buy at higher price of risk loosing your bitcoin balance if you still don't wish to buy at higher prices.