Post
Topic
Board Beginners & Help
Merits 3 from 2 users
Re: DCA, the most convenient way to increase your bitcoin as an investor.
by
Jewan420
on 21/09/2024, 16:59:01 UTC
⭐ Merited by laijsica (2) ,JayJuanGee (1)
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.

We adopt different approaches to make investments successful. One of the happiest moments for an investor is to see his investment succeed. To make general investments successful we take care of three things, (1) Reliable source of income. (2) To ensure protection of investment funds. (3) Future planning around investment.

In any method to start investing or to continue investing, having a source of income is the most important. Especially in DCA method if you want to start investing you must first have a reliable source of income. If not then you will be considered ineligible for investment. Your unemployment situation will make you uninvestable.

When you enter investing as an investee, an important task for you will be to create an investment protection system. For this you will use a secure device and secure wallet that will only be used for your investment. It is best to use a hardware wallet. There is very little chance of your money being stolen or stolen. If you are investing in a digital wallet instead of using a hardware wallet, keep your device disconnected from the internet. The most important security measure is not to exchange wallet keys with anyone.

After starting to invest successfully you need to plan to maintain your investment successfully for a long time. It would not be wrong to say that the first condition of investing in Bitcoin is long-term investment. We can keep a fund ready as a future plan to hold the investment for a long time. Which can be used in times of danger to keep the investment intact. There are many other ways that a person can take depending on their situation.