Quote from: Z-tight on July 06, 2024, 02:05:38 PM

Quote from: yhiaali3 on July 05, 2024, 05:23:05 PM

I have experience with this. I was following the DCA strategy for a few months and I accumulated a good amount, but in the end I was forced to sell a large portion of this amount due to some difficult financial circumstances. It is true that I made some profits in the sale, but I sold much less than my target.

Don't you think the problem is that you invested most of your money into a long term asset, if you do it this way, you'd frequently be forced to sell when you do not want to, that's why i have said in this thread already, that i recommend keeping part of your funds in liquid assets that you can easily convert to cash.

Take note as well that BTC isn't the only thing you can invest in for the long term, there are other assets you can diversify into. Finally, even if fiat is inflationary, you should also have some money in your bank account for quick spending.

Exactly, you cannot invest all of your assets because he will undoubtedly effect you in an emergency, and you will undoubtedly sell your bitcoin since you will have no other option and your investment will no longer progress ahead. Many people prefer to invest in bitcoin for long-term profits and price increases. While there are other investments that can yield profits without investing in bitcoin, many prefer to invest in crypto due to its volatility. People who usually sell their bitcoin is because of an emergency, and they did not keep any money in their bank for spending. They all invested it, which is not advisable, which is why some are having difficulty. You should have enough money to spend without depleting your long-term investment.so that you can understand the value of your long-term asset