We have frequently talked about consistency, and surely I like the idea of buying bitcoin every week, especially for newbies, since buying every week will help to reinforce the commitment towards bitcoin accumulation, even though surely anyone who has irregular and/or erratic income and expenses might have to plan a bit better than another person who might get paid more regularly and a person who might have more regular expense levels.
That's a good idea for the newbies to accumulate by buying every week, but just in addition on this JayJuanGee, newbies have to consider some factors in other for them to be able to achieve this same target to buy and accumulate on a weekly basis.
1. Understand the way the use of DCA purchasing pattern works perfectly.
2. Afford to take the risk on any investment they made and also give enough time for it to mature after investment.
3. Study and understand the market seasons, entry points, how to hold and the ways to speculate and read on the market price and the price chart.
for me, who is a beginner, I am implementing point one, I am using the DCA strategy and am accumulating my bitcoins gradually, for the long term that I am targeting. and point two I already understand it, and behind every profit that I target, there is a risk that I have to take, and that is normal because in every investment there is a risk.
however for the third point it would be very complicated for me to study market prices, I can't just guess and wait for the price to go down, no I can't do that for the third point. the third point will slow down the investment that I run.
and if the price goes down it is a bonus for me to buy more, but if the price goes up I will keep buying and accumulating my bitcoins. Long term goals are my targets