As a new investor I can say that if you want to hold bitcoins, you should hold bitcoin in DCA method.
As a new investor I don't think it requires much knowledge.
(Though the saying goes that knowledge is king)
But once you go to the market, you can learn all kinds of things by yourself.
DCA is a good strategy for holding Bitcoin.DCA means buying and holding a fixed amount of bitcoins every week or every month. You invest 1/3 of your income over a period of time. You cannot hold on to your entire income or invest too much at once. At any one of your perils you feel like withdrawing this full amount.Which will go against your dream of holding bitcoin.
Hello mate, seems your new here, firstly DCA is not a method of holding but rather its a method of accumulating bitcoin. Let me explain what the DCA is, it is a method that involves a consistent investment of a fixed amount of money into bitcoin at a regular interval despite the price of the asset. This method is good for newbies because it reduces the impact of market volatility and fluctuations on our portfolio.
And another reason why we prefer the dca method is cause its doesn't require much investment knowledge to start, so all you have to do is to plan the amount you are willing to allocate to buying bitcoin on a weekly or monthly basis and set your buys automatically or even manually, its so easy that even someone who is uneducated can use this strategy and still accumulate bitcoin, and you would be under any tension of having to watch you portfolio all the time, so as a newbie it's good since it eliminates pressure that comes with volatility.
There is not fixed allocation you can give to bitcoin, it all depends on you and which you feel comfortable doing based on your income, let's say you are earning 300$ every week and you decide to allocate only 10% of your income into bitcoin, that means every week you would be buying 30$ worth of bitcoin, and for a whole month you would be buying 120$ worth of bitcoin, you can chose to increase you allocation if you wish, but this I the basis if what DCA strategy is all about.