Quote from: promise444c5 on Today at 04:44:53 PM

Quote from: Out of mind on Today at 02:47:24 PM

A person who focuses on BTC is definitely best off thinking about everything else, investing in Bitcoin would be the best sign for him. At the current price of Bitcoin if you buy from here and plan to hold it for a long time then I think your plan will be right. The BTC market may rise even more in the coming days, so it is wise to buy and hold Bitcoins before the halving. The year 2024 is very close so we think that after the bitcoin halving the market is likely to go higher and the market will see the green candlelight. So invest bitcoin with no thought and wait till bull market, and help will be good advice for you.

i don't think buying at once for an entry level point or low income is a good one considering the current market value, rather a DCA or NCA could be better as there won't be any worries about all funds in stake but pays in little by little with a rest of mind.

On this contrary, no method of buying is considered bad irrespective of your income level. The method you chose to adopt depends entirely on what you are comfortable with because there are many factors that can make you chose how to buy. There are people who do not have regular cash flow rather they have lump sum that comes in a way they cannot predict. Some of such people may not know how to work out a DCA schedule and even when some do, they may not have the discipline to implement it without tampering with the money before the due date for investment via the DCA method. In a situation like this, instant purchase can be a favourable option when some part of the funds have been set aside for basic needs.

The DCa method is good and highly recommended for low income people and it is easier for people that have regular cashflow like those earning salary. It will just be a matter of deciding what portion of your salary you will set aside monthly for Bitcoin investment.

Once again, let us understand that as our personalities differs, so does our preferences and for Bitcoin investment, our choice of purchase pattern may vary but what should be constant is that we should buy and hdl