Quote from: Ruttoshi on Today at 05:00:41 PM

Quote from: Litzki1990 on Today at 03:54:21 AM

If an investor invests the entire wealth that he has accumulated over a few months or years, he must think whether he is investing his hard-earned money in the right place.

Investing all your entire wealth on bitcoin is a bad investment strategy, because for you to be successful in your bitcoin journey. you don't need to invest all your wealth on bitcoin without having an emerfency funds to back you up when an emergency arise and it will make you to go and sell your bitcoin to take care of your emergency, which has terminated the purpose of increasing your investment, and long term hodli, due to lack of preparation and understanding how to be successful in your bitcoin journey.

For an investor to be able to survive in his long term investment journey, he must consider three things, which are his monthly expenses, emergency funds that will last for 3-6 months,and the money that he will use to invest that wouldn't be stressful and mount pressure on him that will make him think of selling to sort out one or two emergencies that will arise. This is because there are some unforeseen circimstances that will play out during out investment journey.

Another thing is that instead of investing all your entire wealth on bitcoin, after you must have kept your emergency funds and your monthly expenses aside, you can divide the rest into three parts, you use the fisty part to limp sum, use the seconf part for yout regulat DCA weekly or monthly and you keep the third on for buying at the dip, instead of going using all to lump sum.

In my opinion, it depends on the person's current state after accumulating money or wealth while working. If he no longer has an income or job, then he must think about his needs while he does not have a job or income, if he is still working and earning an income. He can do DCA and also have to divide some of his assets into savings, because the goal is for emergency funds without using funds for DCA.
And if you no longer work or have an income, my advice is to use the money or wealth from your work to start a business that you are good at. That way, you will have a steady income from your business that can meet your needs.
And if you still have money or wealth after creating the business, you can use it to invest in Bitcoin and still do DCA. And with this you can meet your needs, save emergency funds and also invest using the DCA method, all of which will make you calm now and in the future.