Thank you sir for taking your time to educate me on this matter. You know I have only limited myself to the practice of the dca method. I haven't had the privilege to apply the theory three practice. Hopefully in the future when I get lump sum, I'll divide it into three parts and practicalise the three practice so I will be informed and gather knowledge. For now since I only depend on my monthly income, I will continue with my differ technique (DCA) since I like buying weekly.
The technique you've been using so far is also fine for anyone, as the goal is to buy Bitcoin within your own means and with a method you can implement comfortably without any interruptions or other sacrifices. However, I'd like to remind you that you must be more consistent in implementing this method as long as you're not yet able to buy large amounts of Bitcoin at once. This is because it can only be done by people with a substantial weekly income and by business owners who consistently generate profits through their own work.
I think the best way to invest in Bitcoin is just having that methods that we feel is comfortable and sustainable to us and focusing on it, depending on the amount of discretionary income that we have available at our disposal, if we think that a strategy is good for us to keep buying and accumulating bitcoin then we could have a better chance of having a successful Bitcoin portfolio, and also trying to implement other financial strategies that could also support us have more discretionary income in our disposal to be able to stack up more bitcoin, I think we might not necessarily have a weekly income to be able to get started, and having a discretionary income could be enough for us to go that far in our bitcoin investment, we might possibly have a weekly income and don’t have a discretionary, then we can’t start, so it’s better to get started little by little with availability of discretionary income.
Am not disregarding other strategies but for a newbie it best to start with the DCA then along the way, for those newbies who are low income earners it would be more "comfortable and sustainable" for them cause it would help them start gradually till they have more income to expand their discretionary.
Yes there might be plenty of strategies out there that can work in their own way, but I will advise when someone is just coming in fresh, it makes more sense to keep things simple and less stressful with DCA... DCA kind of forces discipline without putting too much weight on the person pocket, and that will help any newbie at his early stage... TBH, What a neebie needs at first is just something that allows them to build the habit of stacking little by little without the fear of, did I buy at the wrong time? Stuff like that..
Other methods will likely come with pressure and risks that can shake someone who is still learning…
And honestly, if you have already started with DCA, it is like using salt in your food, once you have tasted how easy and natural it feels, you would not even want to stop… You will just keep adding a little more each time, and before you know it, you have built something massive without even realizing how consistent you have been.. That is why i would say, for any newbie, start there first, then experiment with other approaches later if you want… But won’t advise…