Quote from: Mayor of ogba on Today at 04:46:27 PM

Quote from: promise444c5 on May 13, 2024, 08:41:22 PM

Quote from: I_Anime on May 13, 2024, 06:06:24 PM

Imo if someone is experiencing any financial situation or problem, is better to reduce their amount for accumulating for a while than stopping totally.

The word Reduce isn't a bad I deal actually but could go a long way in determining the rate at which the investment plan is being reduced not actually against it but it might bring about getting to give up on investment maybe.... instead increasing the time intervals in one investment should be a better idea just saying..... with this there shouldn't be any decrease in one's investment plan but increase at the time between which the investing will be done without having to stress it the hard way

If you are having financial difficulties in the process of accumulating bitcoin with the DCA strategy, there is a need for you to reduce your DCA accumulation amount so that you can adjust your expenses to the new funds you are receiving at the end of each month. It is only if you stick with your old DCA accumulation amount that you will want to give up on accumulating bitcoin because you will be using most of your money to accumulate bitcoin. The money you will have left will not be enough to take care of living expenses, and you will get tired of accumulating bitcoin because you are struggling to meet your living expenses. Secondly, what will also make you give up on your investment is when you stop accumulating bitcoin. Imagine accumulating bitcoin worth $50, and in the process of accumulation, you start having a financial problem and decide to stop accumulating bitcoin. You will wake up one morning and sell your bitcoin investment because you aren't accumulating bitcoin again, and the amount of money you invested in bitcoin before you stopped accumulating it is small. Reducing your bitcoin accumulation amount will not make you give up on your bitcoin accumulation plan, but it will help you to accumulate bitcoin and also solve your living expenses easily.

That is just the simple truth, that's why we keep on discussing that one should not over invest because if you over invest where you find it deficult it will still require cutting down, the best is to start small when you accelerate to certain financial standard where you have seen that increasing your accumulation won't worry one can increase because over investing makes you too worried if good reserve is not there to sustain your daily responsibilities.