"be like JJG just DCA"
He doesn't have to do DCA until he does not understand what he is doing and what Bitcoin is.
He should learn more about Bitcoin before he invests. Otherwise, he will blame his friend for even short-term loss.
Ok. since my name has been used in vain here.. I will bite.
My first impression message in terms of the newbie learning about bitcoin and considering what to do would be get the fuck started as soon as possible... .. ok sure the very basics would mean that any random normie newbie person into bitcoin would have to come to an overall conclusion that in a 4-10 year or longer timeframe that it is likely that bitcoin prices are going to be higher than current prices - in other words, concluding that bitcoin fundamentals are relatively and sufficiently strong in the longer term of 4-10 years or more.
Picking a bunch of random normies off of the street, the vast majority of them are going to have some basic overall knowledge of the most important things in terms of their overall finances and their psychology in order to start investing in bitcoin right away which is generally that they are going to overall know their finances in terms of how much cash they have coming in on a monthly basis, what kinds of things and investments that they own versus their overall monthly expenses and debts that they have and they are also going to overall know a variety of aspects of their psychology. such as what kind of person they are..
So overall random peeps on the street already know enough to get started in bitcoin.. whether that is to buy $10 worth right now or $100, or $500 and whether they have such money in their bank account to cover such purchase, yet they might not really know specifics or details regarding how aggressive that they are going to be able to be if we string out the investment and in terms of what their target amount of BTC accumulation should be in light of their overall situation and the size of their overall investment portfolio, including how to play that over the coming 4-10 years or longer - perhaps even going into a kind of 15 to 30 year investment timeline, depending on their age, where they are at currently and where they are expecting (hoping) to go within their investment timeline, and they might well not know some particulars about the various ways that they are wasting money currently or what differentiates bitcoin as an investment from a variety of other assets, including being able differentiate bitcoin from shitcoins... but they can still work out the particulars about how much to invest and the method of their investment into bitcoin, which means learning as they go ... .. while getting the fuck started right away.
So let's try to outline a potential hypothetical normie in the west.. perhaps this person is a late 20s working person who is earning about $4k per month ($48k per year), and maybe has already saved up close to $50k in an investment portfolio...... .. yes, of course, results are going to vary in terms of how much an investment portfolio any random person off of the street might have been able to accumulate by the time s/he has gotten into his/her late 20s... so sure, it could be that I am painting too rosy of a picture to suggest that any average normie in the west in his/her late 20s may well have created an investment portfolio that is $50k-ish or even that his/her networth is reaching those kinds of levels in terms of measuring all assets versus debt and that such networth would be in the positive by $50k or more... but hey, don't we have to go with something in terms of our hypothetical person in his/her late 20s? Have they established an investment portfolio or not, and how BIG is such investment portfolio by the time they reach late 20s?
If the numbers do not work exactly, they can be tweaked... even like a college student might be in debt.. and then maybe only getting out of debt in his/her 30s, perhaps? and surely outside of the west, incomes are way smaller, so those circumstances could still be adjusted, even if there might be some presumption of working with the circumstances of a hypothetical person in his/her late 20s in the west.
So this hypothetical person that we randomly run into off of the street should be able to go into bitcoin right away without hesitation, and maybe s/he could go in at $100 per week just to start out, and then figure out the details later. Do we need to work out the details? Maybe off-the-cuff, such hypothetical person might determine that s/he can start out more whimpily with his/her investment into bitcoin at $10 per week or that s/he could be more aggressive and start out at $500 per week - but still getting the fuck started sooner rather than later is likely a good thing because it will likely take a few weeks just to figure out bitcoin sourcing or set up some bitcoin related accounts, maybe at swan bitcoin?
...and then as s/he learns more and more about bitcoin, about his/her particulars (level of whimpiness or perhaps fixing the dire status of his/her finances), then the ideas might develop in regards to target levels of accumulation that goes beyond mere DCA strategies from the start. After a year, if s/he had been investing $100 per week, then s/he would have invested $5,200.. and sure maybe at that point the total invested into bitcoin might be starting to get to around 10% of the size of the overall investment portfolio.. and then maybe working out a lot of the particulars would be good, which is overall getting into particulars of cashflow, how much bitcoin you have already accumulated, your other investments, your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.
There would be some presumptions that most normies already know several aspects of their individual circumstances, but they are going to be able to be more aggressive in their bitcoin investment if they try to figure out their circumstances with more precision and perhaps as they are building their investment portfolio. They can learn as they go, and get started with their investment in bitcoin right away and without delay, whether that is $100 per week or some other variation that allows them to study as they go and perhaps 6 to 12 months they will have figured out whether they are going to shoot for a whimpy bitcoin allocation of 1% into their investment portfolio or a more aggressive allocation of 25%.
Poll
