Newbies to Bitcoin investing should always keep an eye on the market, because the more information about the price of Bitcoin in the market, the more attracted new investors are to investing. Now generally in terms of investment newbies can invest the most because the bitcoin market is dumping now so regular investment following DCA method will definitely lead to success.
But the price of bitcoin is going down so bye should not panic and invest more. Bitcoin investment should be done in such a way that it is possible to be sufficiently self-sustaining by making regular investments. And while new and old investors are definitely having the most success doing this DCA method, this strategy is the single best strategy for investing in Bitcoin.
Yes beginners must do their market research first if they want to participate in Bitcoin investing. So the more one does market research and invests following this DCA approach, the bigger the portfolio will be and the more optimistic they will be.
Because the future success depends only on starting the DCA strategy, because those who have started are doing it regularly and their portfolio is growing gradually. So using this DC strategy is most effective for the success of any new and old investor. The faster they start this Bitcoin activity, the faster the amount of Bitcoin in their wallet will increase.
New beginners who want to start their bitcoin investment does not need any market research because it is not important and will not add any value in increasing their bitcoin investment. What a new beginner needs to figure out is how much from his discretionary income that he will use to buy bitcoin that will not affect his monthly expenses, so that he can keep his DCA buying ongoing persistently and consistently. This is because whatever market research that the new investor does on bitcoin will not make him successful if he uses the wrong amount to DCA that will affect his financial life.
However, if theft new investor is already used to saving money he the bank for long to achieve an important thing in life, he already knows how much that he can put into bitcoin weekly or monthly regularly so he is just to get started immediately because bitcoin investment does not need any market research apart from the basic knowledge of bitcoin. DCA is a continuous practice for a very long time that is always buying bitcoin regularly , so any new investor can start DCAing immediately while they figure other things that they need to know as they are growing their investment since they are investing amd hodli for long-term.