Therefore, someone who really wants to be in bitcoin then they must pay attention to their financial condition first before finally really being for further conditions.
Before discussing any method to be used as a tool for the investments we make, in the end, their financial management must be improved first because in the end we must understand which needs must come first (primary needs) and which are secondary needs and for me at this time currently investing for the long term in bitcoin is a secondary need because even though this is quite good but there is no need to force yourself because after all the main needs are more important so that when indeed we can manage finances well, can set aside money from the income we have and of course ready with all new conditions we can start with bitcoin including for the DCA method that we are discussing today.
But what I feel at the moment is that when we already intend to be in bitcoin and invest in it, no matter how difficult we are, we will definitely have a way to set aside that money because we have confidence for the long term so that what we invest in can make this a form of our own version of freedom in financial matters.
No need to try to force it because we can start this from a few percent of the total income we have as a form of allowance especially this is also not a race for who can have more bitcoin than others so that we don't feel burdened because the most important thing to do DCA in bitcoin is how capable you are to be prepared with all forms of risk in the long-term process in the investment we do and how consistent we are in making the investment (DCA method).
Financial stability comes first. Always. People get caught up in the excitement and fantasize of sudden riches. Smart money doesnt work that way. Before investing in speculation, we settle our essential needs. Bitcoin is no different. For individuals who appreciate its potential and are willing to wait, it can add value to a well-diversified portfolio
No need to time the market or chase rapid riches. As with Dollar-Cost Averaging, it requires careful investing. It requires knowing the technology and believing in its long-term potential. Think about Bitcoin? Do your research. Keep your money in check. Remember, prepare for the trip. There will be bumps, but those who can handle them may reap great rewards.
Actually in this case when we are in an economic condition that is indeed in the middle or difficult caste, I don't think there is a need for diversification or whatever it is to invest because bitcoin is enough to do in the long run because it is useless for us to verify but in the end what we do is not optimal so instead of that happening it would be better to focus on one place to invest so that the results are more optimal.
In addition, when we want to invest in bitcoin with the DCA scheme, I don't think it is necessary to study bitcoin as a whole and in depth from the beginning because all they need to do is buy consistently while continuing to add to the treasury of knowledge about bitcoin while walking in the investment made because after all, knowledge and experience over time will increase if we focus on learning it regularly. So all they have to do when they want to invest and DCA in bitcoin is just buy consistently nothing more than that.