I agree with you, cash doesn't last us very long. As long as you have money in your wallet you only want to spend but when you don't have money in your wallet invest that money in something but you don't sell that investment and spend the money even if it's hard.
We always consider DCA method as the best investment method to invest. If the mindset of an investor is that he will only invest and keep increasing his investment amount and he will hold that investment deeply then the investment will pay him very well at the end of time.
Everyone invests with the intention of holding the investment, but not everyone can actually hold their investment for a certain period of time. Those who have invested for the long term in 2023 or investors who have invested in the DCA approach since mid-2023 can see almost double the amount of gains by early 2024.
The investor may not be happier than the profit after investing.
From the way 2024 has started, we can imagine that 2024 is going to be good for the Bitcoin market compared to 2023, so now we should pay more attention to investing instead of saving money unnecessarily or keeping cash for ourselves and spending that money. I invested regularly from now on, maybe by the end of 2024 we will see the Bitcoin market double from the current level, but the investment will be ours.
Cash can last a long time for us because it depends on how it is managed. If you can allocate cash to each position of need, you can see the remainder of all the money from your salary or income. From there, you can determine what the remaining money is for. If you already know Bitcoin, you can allocate a certain amount of funds to invest in Bitcoin and leave another amount for other things because you have also allocated a certain amount for sudden needs.
The DCA method is the best method for investing in Bitcoin. The DCA method can also be used for other investments because I invested in Bitcoin and a little gold. A true investor will hold his investment firmly, and even though conditions are not in his favour, he still holds it because he knows that his investment will provide huge profits in the future. And yes, investors who have been investing in Bitcoin for a long time, even when Bitcoin prices were still low, have taken big profits and are still holding Bitcoin in their wallets, waiting for other big profits.
For 2024, it is uncertain whether it will be better than 2023. But we see that the current Bitcoin price is above the Bitcoin price in 2023 so conditions are better. Maybe we will see a price increase after the halving occurs, which will be a long rally to reach a new ATH price for Bitcoin. So it is true that we still have to prepare an investment in Bitcoin this year so that we can continue to buy and store Bitcoin to sell at the next ATH or will still store it for the next few years.