Quote from: cxtreenal on Today at 06:24:41 AM

Quote from: Ricardo11 on Today at 05:11:08 AM

Quote from: Salahmu on April 27, 2024, 06:57:00 AM

In as much as investing 100% could be risk or over investing but with this method you have explained I think it will be very difficult to get into trouble during the accumulation process because you have already eliminated any possible risk that could arise along the line, actually this method has been very helpful for so many investors today and funny enough I have make use of this method sometimes, especially when I'm very close to receiving my monthly salary and by then I have cleared all possible needs that would arise so I will then putting 100% percent of my available funds at that moment while waiting for the salary to come so that I could balance the equation and from their continues my DCA.

Actually I only use that method whenever I feel I'm free from any needs and my monthly salary is very close, however it takes a proper understanding for an investor not to make a mistake on this method because like you have explained that investing 100% is only good before the pay period so that they will not ran into trouble but funny enough most investors will still be aggressive trying to be greedy.

Investing 100% of your income is extremely risky. You may need money at any time. You must keep some amount of cash with you to face any danger. Moreover, if you do not invest in Bitcoin for a long time, the chances of earning from it are very low. So you must invest 20 to 30% of your income so that you do not have to use money from Bitcoin if you need anything in your daily life and do not withdraw money from Bitcoin to face any danger. Your goal should be not to keep and sell bitcoins, to invest using the DCA method until you get the expected amount of money and hold it for a long time, later you will see that you are able to make more money than you expected.

No one invests 100% against income.Most of the money you have to spend to meeting your family expenses is in the inflation market so at most 15%-20% you can realistically think of investing. It is better to give you a factual opinion. Besides, you must keep an emergency fund of 3-6 months of cash flow for your emergency measures. By taking practical steps in investing in bitcoin you can reap the benefits. Most of the investors are forced to withdraw their investments midway because they do not invest according to their income. Because they are very indifferent about emergency fund. Long-term management is a fundamental element for you when it comes to bitcoin investing. Many discussion this a lot because of one of the fundamental elements of emergency funds for bitcoin holding. It is important to maintain the trend of continuing DCA method and long-term bitcoins for the real realization of your investment.

Yes it is correct that you should not invest your entire income or 100% of your income. If we are involved in any company or business the money we get from it must be used in full but not for our family expenses. Apart from family expenses we have some amount of money so if we invest in Bitcoin to accumulate that money it can be a good venture for us. We don't have to use our entire income to invest if we like bitcoins except for our household expenses.

And if one adopts the DCA approach to their Bitcoin investment they must have a source of income.Suppose you resort to DCA and even continue to invest well for a few months, if you sell the investment midway when you need to meet your family expenses, your DCA investment will be worthless. So before investing in DCA method we have to plan properly and then invest we also have to keep in mind that for any reason we don't have to sell our investment in the middle.