I do not expect anyone to start their investment perfectly. As humans we are not limited to making mistakes in different aspect of our life.
Franky speaking bitcoin investment is not a smooth ride it is like a roller coaster it goes and goes down at regular interval.
Remember, never be discouraged, those who survive in the waves of the sea are the real sailors. It is natural that the price of Bitcoin will go up and down, the more you try and the more research you do, the more patient you are, the stronger you will become in the Bitcoin market and your investment will last for a long time. And if you want to follow the DCA method in Bitcoin investment and sustain it for a long time, then you must be patient, the more you can buy Bitcoin at a lower price, the more likely you will be to achieve success later.
Therefore, you should never take a break from buying in the Bitcoin market, because once you enter Bitcoin investment, you will definitely express the most interest in buying Bitcoin later. That is why it is most important for the investor to follow the DCA method, which will enable him to sustain his investment for a long time.
The DCA strategy alone cant enable you sustain your Bitcoin investment for a longer time what you need is your discretionary income this this what will enable you to still be accumulating Bitcoin and keep your bitcoin portfolio growing, DCA strategy is just one of the method which we can use to accumulate Bitcoin, the DCA strategy is highly recommended because it keeps you going in your bitcoin bitcoin either every weeks or every months irrespective of the price of Bitcoin and hodl for 4-10.
If you have insufficient discretionary income you can't accumulate Bitcoin and your bitcoin portfolio will stop growing.
I disagree with you complete because the DCA method is not lacking anything. If you religiously apply the DCA method, you can achieve your Bitcoin objective. To be honest, the DCA method is the best method anyone can use to buy Bitcoin because it is organized, and well structured to suit all level of income class. It eliminates fear and FOMO because with it you will have to wait for the time to come and you click buy without bothering what the price will be.
As I learnt the DCA method, I became more motivated to buy and hold for long because I am not buying without fear and not thinking of selling my Bitcoin because I have worked out how to buy with amount that will not disturb me one bit. As I receive my salary, I simply push the part I want to invest into Bitcoin there and continue to meet my needs as though I did not remove any money from my side.
The DCA is an amazing strategy, but its still only a strategy, it won't grow your bitcoin portfolio for you, your discretionary fund will so while using the DCA to invest I great, its rather pointless if your don't have the money to invest with so I agree with Zackz5000, the DCA alone can not sustain your bitcoin investment, like any other investment strategy, it need money to be in use and you need your discretionary fund to make this happen.
I think it's too early to buy when the markets are this bad and the same blood has spread to Bitcoin, I'm not sure we haven't seen the bottom yet.
I have some cash set aside for bad days like this, maybe I'll buy it gradually or wait to see the bottom.
Why would you even think that??? Buying bitcoin cheaper is a great thing, but its never too early or late to buy bitcoin, even if you are waiting for the price to go lower, you should still be accumulating at a steady rate until you target price happens for you to buy the DIP, so let's say you don't buy at all because you are still waiting and then that price doesn't happen?? How do you justify the time wasted during your wait.
Even in the current economic situation, I think Bitcoin has remained quite solid, isn't it clear from the current situation that it will get much better results in the future, if I can buy Bitcoin cheaper, I will automatically perceive it as a great thing.
the current dip in Bitcoin price is a part of the cycle, it will go higher again, bitcoin is solid, over the years, it has been able to climb this high even with all the negative criticism it received form bullshit analyst who claim to know what they are doing when they obviously don't and even with this slight decrease, people are already claiming that they predicted it and that this is the start of the downfall of bitcoin, it just laughable really. Bitcoin has experienced downtrends before and it always goes back to the top most of the times hitting a new ATH, I believe this time won't be an exception.