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To me $10 is very small to be using in Bitcoin investment but it now depends on how an investor is using in accumulating Bitcoin, since $10 in very small to be used I think any investor who still wants to use it should be accumulating in every week at least to make the investment look serious because if an investor chooses to use $10 and he is accumulating monthly then his portfolio will be very poor and not encouraging, just imagine an investor having a total yearly accumulation of $120 is very poor.
The fact that an investor is doing DCA monthly with $10 does not mean the investor is restricted from employing other strategies whenever an extra cash arises so you shouldn't forget that an investor can only put his disscrettion into bitcoin. An investor can be doing his monthly DCA and still lump sum or even buy the dips and Moreover some new investors may decide to start accumulating with low amount and as times goes by increase the amount.I would not encourage any newbie to be waiting for there discretionary income to increase before they start accumulating bitcoin like the saying goes a journey of a thousands miles begins with a single step.so a no coiner should focus more on continuous accumulation of bitcoin using DCA strategy and can front load his investment whenever the discretion arises .
Pouring a lump sum of money into bitcoin is also a good plan as long as you can afford, financially stable people who have no bitcoin investment can decide to start their investment with a relatively large deposit that might not necessarily be considered discretionary as it is not an amount they can lose without feeling it but since they can afford it and are willing to risk it, they go ahead with the plan, relatively less earners who cannot push off such large sums without going into financial crisis would be more likely to use DCA, This is not to say that large income earners cannot use the DCA, because this method is for everyone.
Remember, a lot of investors have a shitty income, and they need to take care of their living expenses first before they will use their leftover money or discretionary income to accumulate bitcoin. If $10 is what remains after they have taken care of their living expenses and they decide to accumulate bitcoin with it, there's nothing wrong with their decision, and that is their level of aggressiveness at the moment, but they should work on their finances to be in a position where they can easily increase their accumulation money in the future. You don't know if the person using $10 to accumulate bitcoin has a weekly or monthly income, so telling the person to be accumulating bitcoin every week looks like you are putting pressure on him, and if he follows your advice, he is likely to invest in bitcoin in a way that he will not be able to sort out his daily expenses, which will give him no choice but to sell his bitcoin to survive.
An investor or a potential investor needs to understand that there should be an stable point between how much they earn and how much they invest, ignoring this means they are not real investors as they can be pushed to sell due to financial crisis, an actual investor with a regular inflow of funds will know how much it they can do without, and this discretionary amount is what should be used for investing either through the DCA or any other method.
^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.
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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.
The plan is to accumulate as much bitcoin as possible within your target period, if a person's plan is to get 1btc within a set period, they should be will to make the financial sacrifices necessary for it and hope the market favors them too, if a person plans on $10 a week through the DCA method, rest assured that they may spend their entire lifes without reaching 1btc but this doesn't mean they aren't accumulating, it simply means their accumulation is on the low side.
My best idea would be to use discretionary funds to buy as much as possible using DCA, while also saving up for a DIP, This way when there is is a dip, the said persons are financially ready for it and can buy as aggressively as possible in order to accumulate more bitcoin faster, this should be done with a target period of around 4-10 years or even more.