and your profit will keep on generating more profit with timeline.
In as much as one believes in the existence of Bitcoin and as a coin worth investing prioritizing profits maximization over time without considering that things could go side ways can also be bad, irrespective of the fact that every business or investment is built on profits maximization, there can be loss too, tomorrow they said is pregnant and filled with uncertainty being ready to accept that there can be loss too and even considering what the worst situation could be not just looking at the profit side of it. This will give you the emotional rest as you are growing your investment and don't forget the saying that don't invest more than what you can afford to loss.
Losses in bitcoin can always be recovered provided you don't sell off your position when there is a dump and bitcoin price is on a decline. This is one special quality that makes bitcoin very unique from other investments Yes it could be that there is a down trend and your capital invested is below what you invested, all you just need is patient and removing your attention off the market for the time being and never be tempted to sell off, as many weaker hands do. 0.5 BTC will always give you the same amount in dollars when the price get back to the range you bought it from. So when the price dump from where you bought from to another price level below it, you will only lose if you sell it. but if you hold it until the price get back to that level again where you bought from, you will get your capital intact and your continual holding will guarantee profit. Bitcoin was trading below $45k earlier this week and those who bought in this region before the dump to $39k and are still holding till now that bitcoin is trading above $46k as at when writing this post have recovered their capital and are in profit. This is just to say that you never loss in bitcoin investment provided you keep holding your position.
People who often see's the dump as a big deal are those who buy in lump sum at a particular price fast forward to seeing the price go downside from their entry point. Seeing this, will only raise too much thought and pressure, this is one of the ways where the DCA strategy has an upper hand because there is no reason to bother about the price DIP, if the price of Bitcoin decides to skyrocket or do the opposite, it becomes quite a huge favor seeing the price depreciating in value, as it will help accumulate more Bitcoin.
As we move into the future, the demand for Bitcoin is increasing along with the basic needs. I think if a person invests properly by following the DCA method, he can definitely prove himself as an ideal investor. It is better to invest from present time, like me (I have kept my investment alive for 14 months) I also want to make my investment for long term. I got to see my portfolio and it made me want to invest more. So 10% of my income I invest here for long term following DCA method. This is a proper journey that I learned from JJG text.
Bitcoin is getting more adopted globally, so many restrictions has been lifted, countries and individuals are now finding the importance of Bitcoin. Interesting facts about Bitcoin is allowing both the average earners and the wealthy to both pertake in becoming Bitcoin owners, where the average earners will apply the DCA technique to maximize profit and deem it comfortable during the whole process of investing.