^Buying Bitcoin with lump sum is the best strategy but the problem is not everyone can afford to dump at once which is why DCAing is very effective for accumulating Bitcoin even for the retailers. And also I wouldn't say selling at high is wrong because that's the basic of making profits by selling an asset while we can't really draw the line which is high and which is low due to the highly volatile nature so all we can do is just go with the instinct and try to make best out of it.
You can only describe something as best if that particular thing is convenient for everyone and has more advantage than the disadvantage, so saying lump sum is the best will be wrong because it is not convenient for everyone and everyone can not afford it and so the DCA still remain the best because everyone can use it to accumulate Bitcoin whether small or big and whether rich or poor. However, selling at high is not actually wrong that if you have hold for years and your investment is very matured but it is not right for low coiner to sell the little coin they have instead of thinking on how to accumulate more and any low coiner who sells when the price is high is obvious the person is a trader not an investor.
I am just stating the facts here, if you got lump sum that you can use it to buy 1 bitcoin then it doesn't make sense to divide that money into the DCA strategy. If you followed my post you can see DCA is the effective method to accumulate bitcoin when someone is can't afford to buy bitcoin in whole can use this method to accomplish their goal.
I don't understand what you're saying.
But indeed not all Investors have a lot of money at once but that doesn't mean investors can't invest in Bitcoin because they can buy bitcoin gradually.
You misunderstood my point, I am not saying retail investors should not invest rather I am just stating the facts of the benefits that DCA gives access to them to reach their goal whether it owning 1 bitcoin or whatever the amount is.
Let's see if someone with $1K of income wanted to own 1 bitcoin which I won't say impossible but it's bit out of the reach because assume they can save 30% of their salary for bitcoin investment which is effectively $300 which means it will take them 283 months to own 1 bitcoin if the price of bitcoin just stay in the 85K until they accumulate 1 whole bitcoin.
The accumulation of 1 bitcoin is out of reach for many normal folks, and even in the last year or so, I had frequently been suggesting that even starting right away, investing $100 per week was not likely to reach 1 bitcoin even after 10 years of disciplined buying of BTC (that would be $5,200 per year and $52,000 after 10 years). I used to suggest that $200 per week might have a chance to reach 1 bitcoin in 10 years, but the weekly investment amount might have to get moved to higher amounts of investment per week if a person is wanting to achieve 1 BTC in 10 years or less, so frequently, many of us have to suggest that it is way more practical to be creating more realistically attainable goals.
I have nothing wrong with having high aspirations, yet we have to still consider what is realistically attainable within our own budgets, including being able to maintain such investment over several years..
We might have to ask ourselves about how much we can invest into bitcoin in the coming year or two, and then in the coming 4-10 years after that. There can be goals and mile markers along the way that help us to feel good about making some of our mile markers, if we might have goals that are 10 years or more into the future, but then also we might have goals that are 6 months, 1 years, 2 years, 5 years, and/or some other increments, too.
Indeed. You know I’ve also been pondering a lot lately about the possibility and also how tough it could be to actually get one’s hands on 1 BTC. Even with people who are DCAing $100 every week, when you actually do the maths, you’ll realize how unrealistic it is to think you’ll even get close to accumulating up to 1 BTC within the next 10 years-ish.
Yeah, just maybe, if one is DCAing around $200 or a little bit above that, every week, then they may actually have a shot, but this is if/when they make more their buys during a DIP or a market downturn, so critically looking at the situation, you’ll notice that it’s still not that realistic of an expectation for a lot of people.
Yeah, I’m also not saying that investors should expect less or even give up on the dream or expectation of accumulating or owning Bitcoin, but all I’m trying to say is that investors should be a lil more realistic with their expectations and also set a more realistic and achievable target and goals.
Everyone has from their discretionary income what they can realistically afford to invest on a weekly basis without breaking a sweat, for some it’s $50, for some $100 and for others it could be $200, now the idea is sticking and working with that, regardless of how little you might think it is, the idea is being consistent and maintaining a long term approach.
And after that, rather than looking at the possibility of achieving 1 whole BTC in a few or how long you feel it can take to accumulate 1 BTC, we should focus more on just how much we may be able to achieve in the next, 4 years, 6 years or even 10 years with what we have at our disposal. Even if your goal as an investor is to own 1 BTC in the future, the best approach still remains to break down the whole process into smaller goals, that way it’ll feel less overwhelming and more achievable and realistic. Additionally, when you hit those smaller targets and expectations, you’ll feel more motivated and each time you do so, you might just feel yourself closer to achieving your goal.