I started investing in crypto February this year but due to the high price of Bitcoin did not start investing in it until mid June just after the crash.
Since then I have been DCA every week and currently own 2% of a Bitcoin at an average price of £17,900.
My goal is to hold Bitcoin until it reaches £500k - £1m, i know it will take a long time but will be worth it.
I am hoping these current prices last a lot longer so that we can all continue to DCA at low prices.
Just wondering how everyone else invests in Bitcoin? How often do you buy and how long do you plan to hold?
A holder must have a long-term plan, but he himself is well aware of the amount he can buy or hold. It will largely depend on a person's financial situation and his long-term plans. Those who want to invest for the long term want to grow their portfolio by pursuing DCA. In applying this strategy on hand there is no financial pressure on the investor and on the other hand he can be a big investor in Bitcoin. If you keep investing for long term then surely you can reach your destination. Many investors are so interested in the beginning but when the price of Bitcoin drops a little or they need money, they withdraw the money. If you want to invest for the long term, you should invest money in such a way that even if you lose money, it will not affect your everyday life.