Regular investment of small amounts turns into big savings in the future. I agree with you that consistency is more important than quantity. In this case, investing small amounts regularly through DCA maintains our long-term mindset. It is a safe, effective and proven strategy for both new and experienced investors. Consistency and patience are the keys to success, not the amount of investment.
You guys are laying too much emphasis on investing small amount per time forgetting that there are different approach to bitcoin investment. If I have $10,000 as my discretionary income to invest in bitcoin in a time like now that the market is making some corrections, why should I stress myself investing $500 regularly when all the money is meant for investment and I have good buying opportunities? So long as you have discretionary income and have set up emergency funds, you can use any method to enter the market since the goal is to hold for a long time. I will even feel comfortable buying bitcoin anytime I have the opportunity to that I will not be tempted to use the money for something else.
I'm not saying that the DCA method is bad, but when you have the opportunity to buy the dip and the money is there, an entry at discounted price is not a bad decision. You can even make such entry while still continuing your DCA method.
Wow...that's a huge discretionary income for plebs like us and like you said, we all have our different ways in which we would use that $10000 to invest into bitcoin.
Personally, I will divide the money into three parts since I already have an emergency funds available. I will use $3000 to frontload my bitcoin investment, use $2000 to keep for buying at the dip and I will use the $5000 left to spread across several weeks for DCA buying.
We don't need to be distracted exactly by the specific amount that is available, and surely if we come to bitcoin, we have to consider what funds we have available and what other funds that we have that might come available through our discretionary income.
So if we come to bitcoin and we have a lump sum amount and we already have an income, then we would attempt to account for all of that in terms of creating and following through with our short-term investment plan over the coming 3-6 months and beyond... Surely we also could be investing into bitcoin regularly, and then come across some extra money from time to time, and then when we come across the extra money we have to decide how we are going to deploy it.. such as how you mentioned.. some portion might be to buy right away, another portion set aside for buying dips and another portion added to our regular DCA.. maybe spread over a short period of tome or perhaps we might choose to spread it over a longer period of time. These are all choices that are available for each of us to make based on a variety of factors in our own personal circumstances, and each of us would likely not come to the exact same balances.
On the other hand, if we are already investing on a regular basis and then we are holding back some money in order to later buy on the dip, then that could create some of its own levels of complications, and it is not necessarily unreasonable to hold back some money for potentially buying on dips, especially for people who might have a lot of discretionary income and/or for a person who might have had already accumulated decent amounts of BTC. Holding back for dips does not seem to be a great plan for guys who either don't have a lot of discretionary income and/or for those guys who are fairly early in their bitcoin accumulation journey (and/or earlier in their building of an investment portfolio).