I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.
Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.
the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.
Can you guarantee that only rich people have invested in Bitcoin i.e buying Bitcoin and that poor people have never invested in Bitcoin? Your idea is completely wrong because if a person invests using DCA strategy then whether he is rich or poor he can invest. Anyone can now invest using DCA strategy as all it takes is a small amount of money and a little knowledge to invest in this method. But whether a person is rich or poor, he must have a source of income through which he will be able to continue investing.
Investing in Bitcoin doesn't mean you have to invest a huge amount of money all at once.Those who have such a mindset think that poor people cannot invest in Bitcoin. In fact, investing in Bitcoin does not require a large amount of money at the initial stage if the person uses the dollar cost averaging strategy in investing.
Anyone that has a discretionary income can invest in bitcoin whether poor or rich. The only difference is that a rich guy will have a big discretionary income that will enable him be more aggressive in his bitcoin accumulation and have a good size of bitcoin overtime than a poor man with little discretionary income. A rich guy will have the opportunity to lump sum, buy at the dip and invest with DCA aggressively to achieve a better result in future. However, as a poor investor you are to only DCA with the amount that wil make it easy for you to keep on buying weekly without overdoing it. Because what makes is your regular increase of your bitcoin no matter how little it is. Before you know it, you will have accumulated an amount that's beyond your expectations. You might even get lucky along the road to improve your financial situation and increase your DCA amount.