Quote from: Popkon6 on August 12, 2024, 11:47:25 PM

Quote from: betswift on August 12, 2024, 05:29:18 AM

Thanks for the tips! With DCA, as I understood, the factor of the volatility of the market can be minimized a bit, and I would agree that buying each and every time on a specific timer (one a week, half a month, or a month) is beneficial to a person, rather than just waiting for a dump to happen (because it may not) because of the facts you and many others here talked about.

But it is most important that you have a plan, because without a plan you will never reach your destination. It is most important that you have a plan if you are going to buy bitcoins according to your DCA method. Because holding in the DCA method requires you to keep your bitcoins alive for a long time, the risk of holding is that you will not be able to sell them.

That's why you need to have a separate fund to meet your family's basic needs, as this gift will definitely help you to hold Bitcoin for a long time. And there are other ways which can be followed earlier and you can make bitcoins longer term according to your convenience.

After making a plan, it would be even better if we could carry out the plan that we have made well to be able to get good results and if we use the DCA method in investing, of course we will make purchases routinely according to the schedule that we have determined and continue to make purchases at any price according to our ability and continue to hold for a long period of time until we get profit from holding the asset.

Yes, of course we have to prepare funds for our basic needs first in order to be able to run the investment properly because without first preparing the funds, it will be difficult to maintain the investment that we run properly and we may have to immediately take the assets that we have invested in any situation because we are pressed for the needs that we need and this will certainly be very detrimental because it has not produced any profit from the investment that we run.