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And another thing that can be done if you do long-term investment here is that if you have extra money, you can also do the DCA (Dollar Cost Averaging) style method, this is investing in crypto every week every two weeks depending on you because the purpose is only This means that your cryptocurrency investment should be consistent so that you can increase your holdings of crypto and at the same time you can avoid the volatility of the market. Many well-known investors do this.
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To do DCA requires sufficient capital strength, so financial management is needed. within the specified time, buy the crypto regularly that you want to invest. Whatever the price, I will continue to buy regularly. In general, it's like saving and investing in crypto. As long as finances are still safe, DCA will continue to be implemented until the main price target is achieved. Bitcoin is a recommended investment for the long term using the DCA strategy.
- You are right mate, the real beauty of DCA is that you have extra money that you don't need, just use it to buy bitcoin, as if there is no difference in saving money little by little, the only difference is that with Bitcoin the chances are high n that the value has increased and can also decrease.
It can also be used in another cryptocurrency that you are sure has the potential to provide good income in the future such as Ethereum, Bnb, and others like it.