Quote from: Tmoonz on July 04, 2024, 09:02:04 AM

Quote from: uswa56 on July 04, 2024, 06:00:21 AM

Quote from: sarmrakib on July 03, 2024, 01:54:49 PM

If we have enough patient its always good to invest on btc for long term. I think it will be a good decision to choose btc as a future plan but we have need enough Knowledge where we need to take entry and exit. If we couldn’t exit in our profit we will be always on loss or less profit for long term. I think we need to invest on proportionally on it as you said not to take all investment on high price then it will take more times to fill our dream. So need to be more wise before investment on btc for long term.

Maintaining Bitcoin in the long term is certainly not something that can be done easily if we don't have a plan in carrying out the investment, but it requires patience, sufficient knowledge and we also have to be able to use funds that we can maintain for a long period of time, when looking at market conditions. is experiencing an increase. I agree with you. If we really want to enjoy the profits we have, we can take it in small amounts and keep Bitcoin in the long term to achieve the targets we have made before deciding to invest.

I could suggest that attempting to maintain certain amount of money for Bitcoin investment can be very problematic considering the fact that our investment money should be coming from our disposable income after taken care of whatever you might have considered to be a basic needs and emergency funds inclusive. However, don't be in a hurry to know that individual expenses varies in different weeks and months hence having a certain amount of money for investment can make you to use the money that is meant to be use for your other living expenses for your investment which I don't think is proper, but rather I will suggest that your investment amount can increase or decrease based on how much of your disposable income after taken care of your basic needs.

If you actually have a stable and reliable source of income then you don't have a problem if you want to maintain a certain amount of money that you invest in Bitcoin regularly and I believe that is what the DCA we do talk about mean, investing same amount of money at different and consistent periods of time. Just like if you are a CEO of a company, you allocate a certain amount of money you gonna pay your staffs as salary either weekly or monthly so at the end of the day each staffs get exactly same amount so that is how the DCA works as well, except you find a need to increase your DCA amount maybe if you have expanded your source of income such that you can have can take care of your emergency funds and reserved funds so in such a situation you can increase your DCA amount.

No matter how your expenses will be but you shouldn't go beyond your budgets and even if you do your reserved funds can take care of that without affecting the amount of your DCA so on the contrary maintaining a certain amount of money to invest in Bitcoin regularly is a good culture to owning a huge portfolio inasmuch as you are consistent and didn't allow any form of distractions because they have been taken care of through your reserved and emergency funds. There's no way you can use of any amount you plan for other things of life in your investments if you have already done a proper plan of how your income should be spent.