Becoming a member in this forum has really helped me a lot in my bitcoin investment especially this thread because I was able to learn a lot from you and other regular posters on this thread and I am pleased with the quantity of bitcoin that I have accumulated since then till date, and I am still accumulating regularly every week which I intend to keep doing for a very long time. I started buying bitcoin at $21k price in late January 2023.
I am happy that I am using the DCA method because there is power in it because it is small but mighty overtime.
Lately I've been participating in a lot of crypto airdops and patiently accumulating funds from there whenever they are finally listed. But unlike many who will sell of their allocated airdrops and use it to do something else , I sell my airdops and instead use the funds to accumulate my Bitcoin gradually with the intention of DCAing.
Is this a good idea at all please?
Just be careful about the airdrops so you don't fall for phishing or other forms of scam or things that might lead to you losing something of value. While airdrop can be good if it pays you, I don't not think that planning to invest in Bitcoin with money you are expecting from airdrops is something sustainable because those are shitcoins that you can not predict if they will pay you or not and when they will pay you. When we discuss the DCA method of buying Bitcoin, it actually mean something more sustainable and measurable. By this I mean, getting a reliable source of income that you can rely on or predict the cash flow. Besides, you still need to set aside some funds for emergencies if you want to be able to hold the investment for a long period of time.