Quote from: Finestream on Today at 02:55:17 PM

Quote from: cryptoWODL on October 01, 2024, 01:58:00 PM

Quote from: Patrol69 on October 01, 2024, 11:22:49 AM

This method of investment DCA method of investment has united all types of investors. Now you don't have to wait for money management to invest but any professional can easily invest any amount of money in DCA investment method. Earlier those who had more money or those who had higher income usually invested but low income people were always deprived of investment but now those who know about DCA investment are not deprived of investment. Now as the rich are investing in DC investment method, low income people are also investing in this method. Everyone from a van driver to a top executive finds this method the best way to invest. People who do not know about this investment strategy are far behind in investing and they must know about it.

Investing in the DCA approach is easy, but that doesn't mean money management isn't necessary. Money management should be given priority in any type of investment because having a source of money will enable you to continue investing uninterruptedly for as long as you want. I agree people of any profession can invest but they need to decide before whether they will be able to continue investing for a long time. There are many who start investing at the initial stage but are forced to stop investing due to financial incapacity.

But yes it is true that now even low income people can invest in DCA method with the remaining money after meeting their family needs. Those who have a small source of money should plan before investing in such a way that the money that remains except the money used for the family does not have to be used. Those who can ensure this will be able to continue investing without hesitation.

That's the biggest advantage of this DCA method, anyone is capable to succeed on it as long as you know how to allocate sustainable funds so you can continue to DCA without being tempted to sell at the middle of your investment process due to financial crisis.

And for you to successfully do that, do not rely on a single source of income but find side hustles that will cover up your funds for investment. That way, you will keep buying and hodling potential coins without being pressured if you can gain quick profits or not.

The DCA kind of investment is suitable, low income earners, middle class and the large income earners, all classes mostly prefer to DCA because of extreme convenience, it allows the investor to make proper management of funds deciding how much to allocate into purchasing Bitcoin and the percentage to allocate into a separate alternatives, maybe business or something that is likely to give back profits in a short time which will enable the investor to add up to his accumulation style.

Living on a single source of income is not bad, but not totally valid, it also depends on how much income the person gets by the end of the month or week, if the income is very high enough to sustain every vital needs and still to invest then nothing much to worry about. But, owning a second part of earning is also a good move for anyone who would love to control more funds.