That's it. Waiting to gather much more or better capital before investing in Bitcoin can be termed as "procrastination in investment', and it's actually detrimental. We all know the price of Bitcoin is not promised and assured. It's always on the move, either upwards or opposite. If a low income earner keeps waiting to acquire something tangible before starting his Bitcoin accumulation process, am afraid such a person will or may never start. Using the DCA as opined is always the best. Invest bit by bit, watch it grow. Keep gathering, keep investing with the little you have. In years, you would have accumulated something tangible that you wouldn't have been able to keep before you started your investment journey.. slow and steady they say, wins the race
Yeah, that’s just the truth about the Bitcoin investment; it’s not advisable for anyone who has interest in investing in the Bitcoins or accumulated Bitcoin to keep waiting until he/she has much capital. Because the price of Bitcoin is not waiting for anyone, the higher the demand, the more the price also increases every blessed day, so in the case of a person who said that he will wait until he has gathered enough capital, I don’t think he will be able to afford to invest in Bitcoin anymore in the future.
The disadvantage of a person who has discretionary income present and deceiving themselves that they are gathering funds to accumulate bitcoin is not only that if the price of bitcoin goes higher in the future, they would keep procrastinating, but they are ignorant that they do not need to buy a whole bitcoin at once, there is DCA for them and they can buy in bits with no pressure and spend more time in the market instead of speculating outside it. Additionally, gathering and hedging fiat is like fetching water with a container that has a hole underneath, no matter the amount you fetch, it always reduces in value due to the action of inflation and currency depreciation on fiat. As long as you can identify that you have discretionary income available, there is no reason to wait, so it is best to to jump right in and start buying bitcoin with available discretionary income to avoid loosing time due to procrastination and worse loose value for your fiat due to inflation.