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.
Anyone who invested his or her whole fund in Bitcoin without making a provision for an emergency fund will not only reduce his or her bitcoin holding because he or she sold a fraction of his bitcoin to settle his financial needs but will completely miss out on holding a bitcoin because he or she will continue to sell his bitcoin holding to survive since there was no provision for an emergency fund. If you are investing in bitcoin, use 10% of your salary to accumulate your bitcoin weekly or monthly with the DCA strategy so that you can make provisions for an emergency fund that will take care of your financial needs, so that you will not depend on your bitcoin investment to sort your financial needs out.