This means that buying at the time when the price is on the increase is not wisdom
I disagree with you and if I may ask when do you think the price of Bitcoin will increase? Doesn't it mean that if Bitcoin should surge or skyrocket to $500k investing in it will be lack of wisdom?. An investor doesn't care if the price of Bitcoin is increasing or not because the DCA method is there for them to accumulate Bitcoin whether increase or decrease and i want to believe this statement is for people that trade Bitcoin and not for investor because investor doesn't have any problem with Bitcoin increasing rather it is only traders that does because they only focus on entering at the low price and hoping to sell when it appreciate.
I think that the point is that if a person is either brand new to bitcoin or considers himself to not have enough bitcoin, then he has to buy bitcoin in order to be prepared for UP, since he does not know if the BTC price is going to go up or down.
If he does not buy, then he is taking a chance to want to buy bitcoin at lower prices than the current prices, yet those lower prices might not happen. If they happen, then is that when the buying starts?
Sure, any newbie or even a person who perceives himself to not have enough bitcoin, would prefer to buy at a lower price than today's price, yet how is such guy going to know if the price is going down or to develop a strategy for buying when the BTC price goes down, especially where there are decently good chances that the bitcoin price could do some kind of a stair step upwards and then never ever return to these prices, then such no coiner or low coiner will be in an even worse position than he would have had been if he had just bought coins.
We don't buy bitcoin regularly and all the time as beginners because we want to buy at a higher price, but instead we buy in order to get more bitcoin, since we are better off to ongoingly buy as soon as possible rather than to wait and get stuck with the chances of not having had sufficiently built our stash and then the prices end up going up rather than down as we had hoped.
You just need to make sure that you are accumulation Bitcoin cycles correctly. Don't slow down your Bitcoin accumulation until discretionary income is maintained because if you can't assess the timing correctly, buying at the wrong time will increase the average value of your portfolio.
Can you please educate us when you think is the wrong time for investing in Bitcoin, if actually there is something like that. Being scared of your average cost of your portfolio increasing will make you skip buying bitcoin even with DCA method? I don't agree with you on this as I don't think there is a wrong time for an investor to buy bitcoin. I find this your teaching misleading. Your teaching is also encouraging timing the market before buying bitcoin which is also against the ethics of investors and the principles of this thread.
There is nothing like wrong time for investing in Bitcoin because Bitcoin can be accumulated anytime if your discretionary income is available and ready so there is nothing wrong and I think what the dude was trying to say is buying when the price of Bitcoin has surge which is wrong because as an investor you don't care if the price of Bitcoin is high or not because the dollar cost averaging (DCA) method is already there to help an investor accumulate or buy at any given price.
Nowadays, it's popular to invest whenever there are funds available, and many individuals are doing just that. This is because times have changed and
people no longer want to invest when prices are low. When the capital is accessible, you don't need to worry about the state of the market, which is what many people constantly check. However, they don't need to look at the price; instead, they should concentrate on getting the capital before moving on to the next step, which is to make a purchase.
I think that everyone would prefer to buy BTC when the prices are lower, yet the main problem is not being able to know when the prices are going to be lower, and it tends to be much better to just buy regularly, persistently, ongoingly, consistently and perhaps even aggressively in order to just get as many bitcoin as soon as possible (within the scope of a guy's budget), rather than being whimpy about it and/or taking chances in order to try to get BTC for lower prices that might not end up happening. Sure, if lower prices happen, then they happen, but there is no way to really count on them happening.
The DCA initiative has helped many investors achieve their goals, and now that things are looking different, we shouldn't undervalue what DCA can do because it will go a long way. Depending on how consistent the investor is which is all that matters you will be able to accumulate as much as you want. We need to take all of this more seriously because we've seen countless videos telling people to buy Bitcoin and keep it. If you imagined buying Bitcoin when they were saying it, you wouldn't want to miss this opportunity. And one way or the other it is just not late to invest.
Even though people try to act as if bitcoin is some kind of a mature asset, it is not, and we are still pretty early. . yet at the same time, it tends to take a decently long time to build up a bitcoin portfolio... so better to start sooner rather than later, and spend time buying bitcoin ongoingly for at least 4 years and then perhaps reassess from time to time and to learn about bitcoin and learn about our own finances and our psychology along the way while we are building our bitcoin investment and strengthening our cashflow management systems and practices.
This seems a bit counterintuitive to me, as not everyone will want to buy Bitcoin even if the price is low, because buying or investing in Bitcoin is a personal decision and there are various factors involved. Such as personal risk tolerance, financial goals, and market volatility. If everyone liked to buy Bitcoin at a low price, then maybe in the past when Bitcoin was under a dollar, many people would have jumped in and filled their bags with Bitcoin, Likewise, no matter what the current price of Bitcoin is, those who lack accurate information and awareness about Bitcoin will not purchase Bitcoin at a low price. Moreover, Bitcoin investment may not have to be enhanced because there is no way to expect when the dip will occur in the Bitcoin market.