7. Start small: Start with a small investment and grow your investment over time. Do not invest all your money at once.
For a lack of knowledge while studying basic fundamentals about Bitcoin this is advisable.
DCA encourages disciplined investing and helps to reduce emotional decision-making. It removes the pressure of trying to time the market and eliminates the fear of missing out (FOMO) on potential gains and those investors who engage in DCA are less likely to make impulsive decisions based on short-term price movements.
There are too many things that you must learn before investing in crypto, I suggest educating first yourself before putting your money on crypto.
To all newcomers, studying and learning first is a must.
Investing comes with risk, and the more that you invest without knowledge and experience, the higher chances you will increase the risk of losing. That’s the reason why most beginner investors find it hard to achieve success because they miss the fact that they need to be knowledgeable by learning the basics at first before they will jump into investing. However, I understand that they are hunger with profits, but investing without knowing how to invest in the first place, and not knowing even DCA, well definitely the said investment will never end up in progress.