Bitcoin From A Third World Perspective

Everyday I see people give advice to just DCA Bitcoin over time to mitigate the fluctuations in price and not to stress the price on a day-to-day basis. And I do agree if you live in a country where you're sure your local currency won't immediately lose 5% of its value overnight, it makes sense to always have a bunch of cash to DCA and soften up the possible dips and peaks over time instead of trying to "time the market" and failing miserably.

That being said, currently, my local currency is crashing hard and even with BTC's volatility, I feel so much safer holding it than holding my currency.

I planned for the rest of my investements not in BTC to be slowly liquidated to DCA BTC over years but now that they too could crash at anytime (you have to keep it mind that if I wanted to switch from my local investments to European or American stocks, funds, etc I'd still have to use a local exchange to buy that), I am so tempted to just start going all in for all the money that I don't immediately need.

I mean, put yourselves in my shoes: All of your net worth, which is very little when converted to US Dollars, which you have diversified into various stocks, mutual funds, bonds, etc, can go tits up overnight and suddenly you won't even have any meaningful amount to DCA anymore. Some sats in a cold wallet right now seems so volatile yet so stable in comparison with the knowledge that it will always bounce back.

Just wanted to share a different mentality/perspective on BTC investment for people not from the US. For some of us, DCAing may not even be viable anymore in the upcoming months, or even weeks because of how terrible the exchange rate will be.