Quote from: Patrol69 on Today at 06:16:59 AM

Quote from: Popkon6 on January 08, 2024, 08:02:15 AM

Bitcoin is the best because those who are smart investors must invest in Bitcoin. And investors who are ready to invest for a short period of time and are prepared to lose money will prefer unique coins. But the risk is very less when investing in Bitcoin, that's why people are more inclined towards Bitcoin investment. Because investing in Bitcoin must be a long-term investment because only Bitcoin can help economically in the future.

Both profit and loss are investments. As we invest with the intention of making a profit, there is a possibility of loss in the investment along with the profit. One of the most effective ways to invest in Bitcoin is to invest in the DCA method to reduce the risk of excess losses. Investing in DCA method is very easy and safe investment method. Investing in DCA method will give the investor an opportunity to invest according to market movements. An investor can invest in DCA method on hourly, daily, weekly or monthly basis. Hourly method means that the investor can invest a certain amount of money every few hours. In this case, if the investor takes the help of the auto investment feature, then he has to keep enough money in his wallet. For example someone is planning to start his investment with 1000 dollars in this case he can take help of auto investment if he wants. With the help of auto investment, the investor can set a certain amount of money on an hourly or daily basis, so that at the end of a certain period, a certain amount of money will be invested in Bitcoin from the spot account of the investor. I think it is a very effective method for investors.

Now suppose an investor invests 5 dollars and after an hour again he invests 5 dollars but there is some difference between investing 5 dollars in two steps. The price of investing in both ways will not be the same. In one case, the investor may invest at a relatively low price and at another stage may invest in bitcoins at a relatively high price. There is a lot less risk when price compromises are made and if this can be done over a long period of time then the potential for profit in this investment is very high. If a person thinks that it is not possible for him to invest 5 dollars per hour then he can invest 5 dollars every day or he can invest 20 to 30 dollars weekly it will make investment much easier for that person and he can continue investing in this way for a long time.

As much as novice investors find investing difficult, I think I have been able to simplify their investment concepts. By following this way it is much easier for everyone to invest and relatively less

Yes this methods is very effective and it has been proven over time that it is the best approach as many investors has testified about it. But doing it on an hourly basis looks some how as most times the price of Bitcoin are almost in same range for hours. Low funds investors can do it on weekly basis so that they won't be losing much money on trading fees. What matters is that you keep adding to your portfolio.