Quote from: irhact on Today at 04:02:06 PM

Quote from: Tungbulu on September 15, 2024, 05:44:37 PM

With the help of a well planned DCA strategy with a disciplined funding, you’re sure of reaching your financial goal faster as you have the liberty to harness the power of investing consistently which helps in a many ways and takes care of most of the problems investors encounter in the course of investing in volatile assets like Bitcoin because the approach plays a very vital role in mitigating the risks of market volatility and also fostering a long term perspective, which of course guarantees a very solid portfolio and financial stability.

First don't plan your DCA in Bitcoin on unstable income. This is the first mistake every newbies getting into DCA makes. Using unstable income makes it Impossible to keep DCA and they'll have the stop midway when they don't have any money left. Your DCA should be on stable income then you have to stay disciplined to making sure that you don't miss buying Bitcoin and you would have accomplished your goals without any stress. You can paused if there's need for more money to be allocated for your expenses and resume when you have extra money. Please don't starve yourself just because you're buying Bitcoin with DCA. We should always use money that isn't too much for us to spare.

This is the reason why it’s crucial to have a solid financial backup, if there’s an available Emergency And Float fund, then there’ll be definitely no need to pause your DCAing simply because you’ve got financial needs or need money to sort out your personal expenses or needs, that’s the work of a float fund, when you encounter a sudden disruption in your finance and then you’re unable to either shop for your groceries or take care a few financial needs or even an Emergency, your financial bankups kicks in while you continue with your accumulation uninterrupted.

When you fail to make availability for a financial backup with at least 5 to 6 months of your living expenses, you’ll surely meet a few obstacles during your accumulation, and these obstacles would either disrupt your accumulation or compel you to dip into your investment to sort out that urgent need.