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.
Yu kw, if you have $10k in pure discretionary income and no pressure elsewhere, going in heavy during a dip might not be a bad move.. But here is the thing, that approach assumes this dip is the bottom, and no one really knows that.
This is why i would say DCA is still the best approach over all. It removes the guesswork. You don’t even have to stress about whether now is the perfect time. You just stay consistent, and over time, your average cost balances out. That kind of peace of mind is underrated...
yu kw, you don’t have to pick one side. but would advise you consider DCA, bcus If I were in your shoes with $10k right now, I wound probably put in like around $3k–$5k if I feel the market is offering a solid discount, but i would still hold back some to DCA over the next few months. With that, if the price drops more, I will not be stuck watching from the sidelines.
So no, DCA is not just for people with little money, it is for anyone who wants to avoid emotional mistakes. Whether investing $100 or $10,000, having a plan that lets you stay calm matters more than anything.