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.
You are correct when you say that having too many methods might really confuse beginners when it comes to making investments. They may try to overallocate without proper preparation, attempting to apply every strategy, or they may even become bogged down in deciding which is the best for them. Because of this, it's recommended that beginners begin with the DCA method. This is not only because it's simple to use, but also because it allows us to gain more knowledge quickly because it doesn't require chart monitoring and is very flexible, allowing you to customize your DCA purchases to suit your needs and your income for our own comfort.
In order to make better decisions, young investors should also prioritize learning and seeking out new information. While it may not always be clear to us why we are investing in bitcoin until we reach a particular point or perhaps even earlier, I am aware that knowing why we are doing so is a great motivator and will keep you motivated to keep holding since the time has come.
Even though it's still in its early stages, Bitcoin still has a lot of potential because nobody can predict what the next few years will bring. However, in order to be safe, once we have a certain amount of bitcoin holdings, we should try to diversify our portfolio by adding other more tangible investments, such as real estate, stocks, or bonds, or even starting a business. We would also try to balance our portfolio to avoid risking our income.