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.
If an investor has $1000 to invest then I would say that is enough to start with. If the investor wants to start investing initially with this 1000 dollars then he has to divide this 1000 dollars into several parts. For example, I divided 1000 dollars into 10 parts at 100 rupees and after dividing into 10 parts, we have to invest this 1000 dollars in 10 steps. For example, if I invest today with $100 and again after a certain time I invest with $100 and in this way I maintain my investment consistency then it will be seen that we are investing in the right way.
A mistake that we new investors make is not setting our target. Determining the target is very important, in a word, the investment target can be considered as the structure or design of a building before it is constructed. Just as a building without a design is not possible precisely because of it, it is impossible to sustain an investment without a specific goal in a long-term investment plan.
I hope every investor will adopt the DCA investment strategy for his own investment as well as extend the investment period.