Quote from: SuperBitMan on October 02, 2024, 03:35:03 PM

Quote from: Samlucky O on October 02, 2024, 12:03:39 PM

Quote from: Felicity_Tide on October 02, 2024, 06:36:26 AM

But what I have always felt that is important to everyone (no matter your class), is the income you earn. If your income is good enough (assuming a monthly income), then you can choose to buy once and wait patiently till you receive the next salary before buying again.

I agree with you that the important thing in bitcoin investment is the amount of income you earn and also the amount of bitcoin you are able to accumulate from it, but the aspect of waiting to buy every month end may not be the best option or that is not a wise investment approach. For me if a person recieve salary it is not good to invest once every month but we can mitigate the opportunity by splitting it across the week. For example if a person recieve salary at the first month of resumption, he can fix on how to split his fund into the following part, 1 for bitcoin investment 2. For emergency 3. reserved fund to use for the purpose of family expenses and also for buying bitcoin every week(DCA), buy the dip and of course lump sum till the next month of his salary which is the 4th week to enable him accumulate bitcoin at ease, than investing agresively and sell later due to lack of proper planning. Sothat he can take advantage of buying the dip in some week from his reserved fund than just investing once in Bitcoin and using the remaining amount on feeding and or meceleneous expenses.

I see no reason dividing your your money to invest weekly since it will still amount to same figure, for example if you want to invest $100 monthly when you receive your salary you can just use it at once than dividing it and still use it to accumulate weekly, the only time you should invest weekly is if you are receiving your salary on a weekly basis and from your analysis you did talk like someone who remembers that when ever we receives our salary the first thing we should do is to remove money for the running of the house like paying of taxes, electricity, water, stocking the house with food, paying rent etc, then Discretionary income being the one lift should be used to invest in Bitcoin.
When you receive your salary monthly and you decide to remove the one for Bitcoin and then divide it so you can then be using it to invest weekly there's a high tendency that you may even use it for another thing with the hope of returning it which may never happen there by reducing your accumulation percentage for the month.

I have come across many investors who still do not know exactly how DCA investing actually works or what DCA investing actually is. I would like to clear the matter for those who have doubts about this. DCA (Dollar Cost Averaging) method is a simple and effective investment strategy for investors.

Usually in this investment strategy investors get the opportunity to invest as they wish. It is acceptable for investors to consistently invest in this investment strategy, but it is not acceptable to sell bitcoins or their investments within a few days of investing in this method. The main objective here is to invest weekly or monthly and maintain the consistency of the investment till the time the original objective of the investor is fulfilled. The more serious the investor is about his investment, the more serious the investor is about his DCA investment. Here from a low income person to a high income person everyone gets the opportunity to invest in the same strategy so this investment strategy is considered as an effective investment strategy.