The governments are being foolish.  El Salvador has the right idea. Both Germany and the US will spend the proceeds from selling in hours and then will have lost the chance to own at a reasonable price.

It's always to approach anything with caution, but remember that we are talking here about Bitcoin as a retirement bet. It's not about getting-rich-quickly scheme, rather it's about what are you going to get from your investment in Bitcoin in the long run. We can look at history of Bitcoin and see that so far it was a good decision to invest in BTC. Very good, I would say. And considering that most people in the world are still don't engage with Bitcoin much, we can conclude that in the future, when they realize that BTC is a valuable thing, it's price will rise.

By the way, does anyone know why are we 95 blocks behind?

By the way, I expect that fees will go further down because being 95 blocks behind means at some point many blocks will be mined in a row and many transactions will soon get confirmed.

Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?

It seems that you have not described the difference between DCA and lump sum correctly.

Of course, if you have a lump sum of money available then you can choose how to invest it within the three categories of lump sum, DCA and buying on dips. 

If you choose to lump sum, you run the risk of the price moving against you in a short period of time, so yeah you have described DCA as potentially offsetting that risk, but it does not completely offset the overall risk of the investment, just the risk of a short term investment that might end up being wrong and ONLY if the BTC price subsequently moves agains you.  On the other hand, you also run the risk that the price might move in your favor. which would not be a risk, it would be considered a benefit of lump summing... so maybe DCA offsets volatility risk even though it does not completely remove portfolio risk and it even disadvantages you if the BTC price goes up.

In other words, DCA does not stop the risk, except perhaps just the short term trade off between investing the whole amount right away or spreading it out.. and it is not always advantageous to spread out the investments, which maybe is part of the justification to figure out some kind of balance between buying BTC right away or waiting for a dip or waiting for various time periods to pass so that you can manage your cashflow better if you BTC buys are spread through the month rather than happening all at once each month.

Now, if you have $100 per week coming in that is available for investing into bitcoin, then you could invest it all right away. and that is frequently called DCA, but it may well be semantics in some sense to not call that lump summing, especially if you buy right away.. 

If you receive a $3k bonus three times per year that could be available for investing into BTC, then that could also be considered DCA if you use it all right away to buy BTC as soon as you get it, even if you are choosing to invest it all at once each time it comes in and your are calling your practice lump sum... but you might also consider dividing that same $3k into three and investing $1k right away, spread $1k for buying on dips and spread the other $1k over a period of time such as $200 every two weeks for five installments.


Yes.. it does not seem so reasonable to divide $100 into three parts, and even less reasonable to divide $10 into 3 parts even though it is possible to do so... but the fees sometimes will make it even less feasible to divide smaller amounts into several parts.
 

This is all true, and many of the times you can take the money from a lump sum that is available or you could take the money from cashflow that is coming in, so you might measure what is the difference between the amount that you have coming in and your expenses (which would be your disposable/discretionary income), and if you try to use high portions of your DCA for buying BTC or any other investment, then you may well get yourself into trouble... so if you were to end up engaging in some kind of automatic DCA, then you would want to make sure that the amount is reasonable and not going to lead you into trouble... yet at the ame time, I am personally a little bothered by some of the automatic DCA systems since they may well not permit you to choose the exact time of your purchase, so anyone using automatic DCA might want to consider if they are doing the DCA buys at a certain time of the day or are they allowing you to customize your automated DCA buy time.