Quote from: Ruttoshi on Today at 09:48:17 AM

Quote from: Andrija Branislav on Today at 09:02:56 AM

Quote from: Benedictare on November 16, 2023, 09:16:10 PM

Before starting Bitcoin investment you must have prepared yourself for period of time financially because you know what it will take a and how long for that investment to mature either long term for 6-10 years or short term for monthly /weekly, and so your source of income should be enormous on other to meet up your other demands and need .
Having a fixed amount set aside from your monthly income is not a bad idea ,so that it will not affect your DCA strategy used in investing.

Let's take for instance in building a house ,you just don't stand up one day and say you want to build without planning for it and knowing how much to set aside for the project, is either you have been saving for it or have already gotten the resources for the building and how long it will take for the completion that will make your target and budget easier for you to pursue and it will be easily achieved and you will build it according to your capacity . The same way goes in investing Bitcoin you do invest above what you can afford .
But remember investing what you can afford is the best either 5-10% or 30% and more.

Indeed, this is a real example if we look at the life of building an average house, which we rarely see unless it is someone who has enough funds and is an established entrepreneur.

Well, inspired by that too. Maybe when it comes to investing in BTC, people are rarely able to buy at once, for example 1 BTC. Well, with the DCA method this is another way to get there. although little by little and the times are also supportive for now it is still cheap because BTC is still on its way to a new ATH. Possible.

I don't see buying bitcoin as the same thing with building a house. This is because when you want to build a house, you must have a huge amount of money to start with, but bitcoin doesn't need that just a small percentage from your income will get you started as long as it doesn't affect other budgets for the monthly. With some amount, you can use it to continue buying over a long period of time to increase your bitcoin portfolio.

Perhaps you seem to misunderstood his points because he was not actually comparing buying Bitcoin with the same as buying a house, perhaps from my little understanding from the point he is trying to make is that in everything we do has a process to undergo before starting or getting to the destination, and that even if in times of building a house is difficult to start and completing it immediately on less is someone that has other means of income.

And referring it to Bitcoin investment it will be very difficult for someone to buy one full Bitcoin at a time on less is someone that's very wealthy but however others could gradually achieve it with a normal DCA strategy by buying a bit by bit maybe with the target of 10 years it could be achieved.