So that investment plans are not disrupted, there needs to be a Passive Income to maintain effectiveness so that investments can continue to run consistently and are not easily stressed due to falling prices. In this way, investors can achieve financial goals according to their plans. The main goal of investing is to increase wealth through passive income in the long term, the longer you invest, the greater the amount of assets collected, so the opportunity to get a return is very large. Investing an amount that you can afford to risk can eliminate emotional factors that can cause loss of concentration in investing.
DCA has been an effective method and widely used strategy by a lot of people nowadays and it has made it easy for everyone to be able to invest in bitcoin. Investing is not the only thing one needs to figure out but also being able to hold no matter the circumstances is important and also setting a target goal to hold for a long period is the best investment plan in order to make a reasonable profit. Some will tell you they prefer other strategies but i don’t think any strategy beats DCA in any way.
Investors should always be disciplined enough to invest within their capacity an amount that they can afford to risk so they don’t get emotionally worried when things are not going right.
Bitcoin is a valuable asset. I wanted to explain the importance of tangible assets and the synergy between valuable assets like Bitcoin. A new investor who neglects real assets and overemphasizes only accumulating bitcoins may end up failing long-term investments. emotional. For long-term investment management, the backup fund should be counted among tangible assets. Both permanent and temporary assets are important. Investment success depends on the combination of each asset and the amount of backup fund is should be sufficient to meet the needs of the family for 6 months or more.
The possibility of long term bitcoin investment failing is very low and almost impossible to happen and in my opinion bitcoin investment is the best investment for new investors and it is the safest for them so i don’t think overemphasizing on accumulating bitcoin is bad if well planned and if they only invest an amount they can afford to risk.