Of course, if it is possible to hold Bitcoin in the long term, then such investment strategies must be adopted. Investments are usually only profitable if they are long-term, but investing with a small amount of money can be done long-term only by following the DCA method. Many people use many types of strategies but the DCA strategy is one of the most popular strategies, where all investors have found success using the DCA strategy.
Dollar Cost Averaging DCA in this investment strategy if an investor can make his investment consistently then he can succeed in this strategy with low risk. We who are real investors, before thinking whether we will make a profit, think about whether we are investing in the right strategy and how much our money is safe or at risk after investing.
I invested 1000 dollars together and at one stage of bitcoin market I took that investment if the market dumps then there will be additional loss but the investment remains the highest risk but it is different with DCA investment strategy.
In the DCA investment strategy we will invest that $1000 in several stages and we will maintain the consistency of the investment so that we can buy bitcoins from each stage when the price changes.
By doing this it will be seen that we are investing reducing the risk in our investment.
DCAing is one of the best ways to buy Bitcoin for long-term investment. Every investor thinks or plans repeatedly before investing that they will be able to profit from their investment by adopting a strategy. So to avoid this anxiety during investment one should gain experience about investment. Basically the main goal of every investor is to earn profit from the investment.
The $1,000 you mentioned might not have been high risk if you had invested it in different ways. It would be best for you to invest your stated dollar amount in several installments on a regular basis. But if you had used all your dollars to buy bitcoins during the dip season, you might have made a profit instead of a loss. Using that amount of dollars you could have set a certain amount of dollars on a weekly or monthly basis and continue your investment by purchasing bitcoins.