You usually never think about selling, we just need to buy bitcoins and hold them for a long time. In this case we will choose DCA method but there are key techniques in DCA method which must be followed. A new investor cannot directly buy bitcoins, he must follow these rules and accumulate bitcoins in small amounts.
In this, his accumulated bitcoins will only grow as time passes, thus he can convert his bitcoins into bigger numbers after a long period of time. So to sustain this Bitcoin investment for a long time DCA method must be held and in the moment of money crisis it is possible to invest with any amount of money, only the investor taking the risk to invest Bitcoin is the biggest challenge. So we will discuss how Bitcoin can be held for a long time.
Primarily focus should be on buying and holding Bitcoin and it is better if it is DCA. These are general discussions and important for investment. But we have to adopt different strategies to invest and retain. I think we should talk about how we should be able to buy advisedly and how to hold the investment for a long time. Although these are old words, they are the first thing a new investor should know.
For investing, we should focus on buying first. One thing to note, you must have a reliable source of income. A source of income from which you can meet your full needs and earn a living, a source of income that has security you can call a reliable source of income. Or you may have an alternative source of income for investment. You can consider sources of income outside of the value income source as an alternative income source for investing. Having a reliable source of income/alternative source of income is a prerequisite to start investing. Then decide on the method by which you will manage the investment. Of course here you can decide the investment method independently. My preference and advice would be to adopt the DCA method.
After starting the investment we should focus on prolonging the investment. Remember there are two types of investments. Short term and long term. We compare short term investment with trading, everyone will discourage you if you are interested in short term investment. Because short-term investments have a higher risk of losing money. Long term investment has very low probability of loss and high probability of success. You will use your excess money to prolong the investment. Never invest with money you need, invest with money you are prepared to lose. Choose an amount for investment that will not affect your quality of life and keep a reserve fund which should be around 2x the investment fund. This reserve fund will be reserved for emergencies in your life. There are several other methods to successfully lengthen investments. Of course your investment should be 4 years-12 years or more.