It's better to wait for price to come down a bit and then start gathering bitcoin through DCA.
We can wait for bitcoin to correct and start investing, but if we decide to accumulate bitcoin through DCA strategy and hold for long term. I think we can also start whenever we are ready for our investment journey, no need to wait because we cannot be sure whether bitcoin will go up or down.
Let's say in the next 10 years. Realistically, can Bitcoin be $500k in the next 10 years? I don't buy that, but let's say it gets to that level and you started buying at the current price of $118k. You can only make 4.2x of your capital in 10 years. The question now is, is that return good for you?
Many even believe that in the next 10-15 years, bitcoin will surpass the market capitalization of gold. They even believe it could increase x10-x100 in the future. Are you underestimating bitcoin's potential by not believing it will hit $500k in the next 10 years?
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