Quote from: HeRetiK on October 21, 2023, 07:02:02 PM

Quote from: Pablo-wood on October 21, 2023, 05:41:12 PM

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.

You tackle those situations by not investing money you can't afford to lose in the first place.

Getting a stable income first (as pointed out by Mr.right85) and then using DCA, if you can afford it, is unfortunately the only way to get started in such a situation.

One is not supposed to invest and rely on it for living. You need to land a sustainable source of income first before you decide to take risk in any investment. Note that no investments provide guaranteed profits, most of the time you lose a hundred times first before you will experience significant profits. This is just the same with bitcoin investment. You can't assure profits the moment you decide to invest. That is the reason why people decide to save first before they invest. Not literally to save to invest, but you will save enough funds to cover even a year's worth of living expenses, before you decide to put some of your hard-earned money to invest. Once you have done it, never assume quick profits since you are in a long term investment. Put a good amount of patience and trust your investment. That way, even if the price suddenly crash, you know that it will always change so you won't never worry. Once you are starting to gain profits, buy back again and do the DCA. That's the only way so you will never miss the market opportunities to invest, which will also increase and maximize your future profits.