Sometimes too much in strategy will make beginners confused in carrying out their investments. I believe beginners need a basic foundation to carry out their strategic planning better and achieve the targets they want. The big difference may be in terms of knowledge about Bitcoin, which means beginners may need an approach to see the big cycles that Bitcoin has gone through. Yes, basically beginners can start with the DCA Strategy if they are not able to think about the distribution of funds for several other strategy practices.
Even though investment success is triggered by individual self-confidence, in Bitcoin investment you must be able to know more about Bitcoin and why you are interested in buying and holding it. Sometimes people out there are still quite unfamiliar with Bitcoin and they don't understand enough and this is where an approach is needed for those who are really beginners in investing in Bitcoin.
In essence, we are in the modern era and Bitcoin has the advantage of being a very promising investment for old age. Apart from that, the price of Bitcoin is very fluctuating and use it cold money that is ready to lose. I mean you don't have to worry if the price drops very deeply because you really don't need the money you invest in Bitcoin for other purposes in your life.
Even though many large companies continue to buy Bitcoin, I think there are still many people who don't understand Bitcoin. Maybe because they miss out on information because they live in remote areas or have difficulty accessing the internet. Yes, for those of us who have bought on dips, keep the Bitcoin we have for the long term.
DCA investment strategy is one of the best known names in long term investment. There are many who invest in DCA method but do not know that they are investing in DCA method. For example an investor starts investing and at the time of starting he invests as much bitcoin as he can and after some time after investing he invests again it is DCA method of investment. Although this investor is investing in DCA method without having any plan to invest, but through that he is investing in DCA method. But the value of Bitcoin is never fixed so if an investor first invests when Bitcoin is worth $40,000 and invests again a month later, the Bitcoin will no longer be worth $40,000. Rather, at that time, the price of Bitcoin will either be slightly higher or slightly lower, if the price is slightly lower at that time, then if the investor invests at that time, a compromise will be made between the two investments, and if the market rises in that situation, the investor will have a profit.
When investing, we must accept that we may have temporary gains and losses after investing and must take it as normal. Since there can be profit in something then of course there can also be loss but waiting for that loss is one of the best qualities of an investor. People who invest must know about investment, if investors don't know about investment then they can't invest. Maybe some investors understand very well about investing and some investors don't understand much about investing, but if bitcoin is held in depth for investors, such investors with relatively little understanding can still invest and hold the investment. We should not change our objective after investing but we should have objective no matter how we invest so that we can work on investment retention.
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Understanding, investment objectives, strategy, correct mindset, budget sources, time frames and investment and financial management are some of the interesting points that a potential investor needs to have. You won't necessarily be able to invest safely without sufficient knowledge, and you won't get a commensurate return if you don't have a goal for what you invest.
The basic concepts certainly need to be learned regardless of whether they are beginner investors or experienced investors. However, the difference is that both of them have different experiences and knowledge for this asset whose value fluctuates. The success of an investor depends on how they have understanding, strategy, financial management, investment management and risk control, so all of this must really be learned in order to be successful in investing.
In order to invest and maintain the investment for a long period of time, it is very important for an investor to have proper investment knowledge, enough patience, proper strategy, faith in investment.
* Sufficient durability will help an investor to hold the investment for a long period of time and the investor will be able to be patient enough if ever bad conditions arise in the market.
* If the right strategy is followed by the investor, there will be no mistakes in his investment and there is a possibility that his profit will be very high at the end of the specified period.
* When the investor has confidence in the investment, no matter how much temporary instability is seen in the market, the investor will naturally hold the investment by trusting the market.