Quote from: salad daging on January 17, 2024, 02:23:36 PM

Therefore, before starting investment, prepare an emergency fund in advance for at least 3-6 months so that the reserve fund is safe when needed at any time, of course this will not interfere with your investment when in any emergency.

I always use this strategy because for us it is important about emergency funds, we are humans who will certainly require expenses and needs that we never expected in any case.
Never rely on parents means you don't have independence, if you are still in school then it is still the responsibility of the parents but if you have worked you yourself must be able to how to support yourself and start the investment because with the monthly salary you receive, for example, it is important to set aside on investment, especially bitcoin if you understand it.

Now when you have a problem in the sense that there must be greater expenses then the reserve fund can be relied on, your investment is safe will not be sold in the middle of the road, you can still continue investing in bitcoin when things are normal.

But when your finances are still healthy then continue your DCA to invest in bitcoin.

I think this is good, and I believe its important to properly plan yourself and know the about you can comfortably pussy with at the moment you're about to invest. That funds you can spare at that moment should be the funds you utilize to start the investment, you can follow up to your target with the DCA method.

so in practical, if you've like $1k in your savings, and you've the intention of having a bitcoin portfolio of $2k, you can start by investing $300 and having a backup of $700 for emergencies. You can continue using DCA to invest $50 monthly from your income, leaving the $700 as backup and growing your portfolio gradually to meet your target. You can still be saving little and adding to your backup. So you're both growing your investment and increasing your backup at the same time, thereby leaving a near zero chance of ever touching your bitcoin investments and this way, you're surely headed for a long term investment.

This method is a win win situation because your bitcoin investment is winning and your backup portfolio is winning too no matter how small and there's little or no chance that your investment will be uprooted to serve an emergency because your backup funds is both able and capable to satisfy your needs.