Recently, many people think that they are late to buy Bitcoin, I would like to remind them that Bitcoin is the star of Kipto. No matter what price you buy in the market, if you hold it for a long time, you are more likely to succeed. If someone thinks that he is late to buy Bitcoin, then he will be one step behind his plan, otherwise how will he start buying? However, if someone's financial situation is not good, it would be better not to buy at the current market price, but if you dare to buy once, you will be more encouraged to invest in Bitcoin.
If your financial situation is not good to the point that you don't have any discretionary income to buy bitcoin, it's better that you cut down your expenses and look for a second means of income, which you can use the money from there to invest in bitcoin. However, if you have little discretionary income as low as $5 or $10, you should get started immediately, and don't wait for the dip. If you continue buying regularly every week with DCA, your bitcoin portfolio will be growing gradually, instead of waiting.
Yes, it is better than abstaining from Bitcoin investment. What is required for Bitcoin investment? Strong willpower, patience, consistency, basic knowledge, unnecessary money and discretionary income. The first 5 things must be present in an investor. If a person interested in investing does not have a source of discretionary income, then it becomes challenging for him to keep the investment for a long time, but it is not impossible. If you are very interested and you do not have a source of discretionary income, then you can run DCA with a small amount by reducing the cost. For this, you must have strong willpower and be positive about keeping the investment.
In such a situation, you need to improve your source of income as much as possible and bring it to the level of a source of discretionary income or look for alternative sources of income. The reason for this is that you need to keep backup funds ready along with the investment. You may not understand the importance of backup funds in the initial stage of investment, but when your investment amount starts increasing, you will start understanding the importance of backup funds. In the initial stages of investing, you can start investing in any way you want, but over time, you will need to focus on your income source and turn it into a source of discretionary income.