Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.
Bitcoin is suitable for every person, if one can buy Bitcoin properly and knows the strategy, then he will definitely play a suitable role in holding Bitcoin. If one invests in Bitcoin according to the DCA strategy, then his Bitcoin will definitely be successful, whether rich or poor, both people can participate in Bitcoin investment. You should keep investing in Bitcoin until you have one Bitcoin, 10 Bitcoin, 100 Bitcoin, 1 lakh Bitcoin according to your ability after investing in Bitcoin according to the DCA method.
According to the DCA method, Bitcoin plays the biggest role in keeping it for a long time, and by depositing a small amount of money, it is converted into one Bitcoin, in this way a poor investor can be successful. So every Bitcoin investor should definitely know this DCA strategy.
DCA can indeed be quite an effective strategy when it comes to investing in Bitcoin, regardless of the individual's financial situation or condition. Individuals can be able to potentially reduce the impact of the market's temporary fluctuations by investing a fixed amount of money regularly, it could be weekly or monthly, depending on the individual's personal cashflow, rather than attempting to predict or time the market.
DCA strategy is particularly beneficial for long term investors, because it enables them to potentially ride out short-term market volatility as they engage in consistent accumulation, and the best part is that anyone can adopt this strategy, regardless of their financial status, whether their rich, poor or middle class as long as they stick to a consistent DCA.