Bitcoin has had several four-year halving cycles and those cycles have worked very well. So even someone who bought bitcoin in 2017 at 18k could sell that for a nice profit in 2022. But it would take a lot of nerves and four years of waiting. And if for example one day the cycle doesn't work, how many years will you have to wait to make a profit?
When we talk about Bitcoin investing no one can say that he will make certain profit from investing in Bitcoin. He must plan to hold it for several years or more. Not everyone will be successful in investing but those who follow the directions are more likely to succeed. Investors mentality of taking risks must be needed. DCA is a good strategy so that we can reduce the risk in our investment. This will help reduce my investment risk as well as grow my portfolio in the long run. DCA is an opportunity for those of us who can't invest in Bitcoin for money even if we want. Those who can properly utilize this opportunity are more likely to get good returns from Bitcoin in the long run. There is no alternative to patiently waiting for the desired moment.
Patience and consistency are key for us to take advantage in bitcoin investment. Before we invest, the first step we have to do is good planning, by making it the basis then it will bring something good too. Not only careful planning, but also we must uphold the planning. Because it is not uncommon for me to see people who doubt their own plans, even though, the plans that make them are themselves. Here is the challenge, when we see the market turning red, when we are in a difficult situation in our finances and so on. We must be able to take into account everything, from the smallest to the biggest in this bitcoin investment.