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.
Your words are very valuable, but I want to say that you should follow the DCA method regularly. But I think it is very difficult for all investors to add $ 10,000, although it is possible for you, this is the biggest goal for you. But if you follow the DCA method in both Bitcoin ups and downs, then it is the modern and good Bitcoin DCA strategy for you. To sustain Bitcoin investment, you must have the highest strategy and hard work and intelligence, you should keep adding money to the emergency fund again and again.
And if you follow the DCA method regularly, you will definitely be able to fight in a better position