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.
Awareness about the potential risk is important so that all of our efforts done will not be wasted. Also what action he has done is good since he manage to earn thru airdrops then use his gains to invest on other more valuable asset like bitcoin. What I can only add up is they should not feel comfortable to deal with those shitcoins since we already know what usually the trajectory of those project and better avoid to hold it since there's huge chance that those shitcoins would go zero in value.
Also people should know that it always be a good idea to invest with bitcoin if they are looking for quality and known coin to invest. Since so far there's no shitcoins would able to surpass it and usually those tokens are only for short term so they should not fall on traps set by devs since they are the one who get a lot of benefits from their projects. Invest with bitcoin then do DCA is more ideal than spending our money on nonsense things.