Quote from: As-Soon-As on October 04, 2024, 11:50:56 PM

Quote from: Bitcoin Smith on October 04, 2024, 07:25:13 PM

Quote from: JayJuanGee on October 03, 2024, 05:44:43 PM

I tend to try to project my cashflow 12-20 months into the future, yet of course, the months that are closer are going to be more important to make sure that they are in order, yet sometimes we might be able to see cashflow crunch periods that go out into the future, and more so if we might have various kinds of debt obligations or we might employ debt in our financial strategies (cashflow management) or even if we have family type cost that come up down the road or even business type costs that might go quite a ways out into the future.

Well, projecting cash flow for a year or more can help us ahead of the curve and it's also not going to be easiy with predicting our day to day expenses and there's sudden opportunities that we want to utilize it but it's also more important to keep navigate through them in short way without losing our focus on our long term goals and with such mindset we get to keep ourselves solid while avoiding the blind spots.

Life will never stop throwing unexpected expenses out on us but we need to get through it whether we like it or not and also that's not an excuse to avoid investing on bitcoin. Meanwhile having a short term plan like monthly budget and long term ones like how the next 12 or 24 months is gonna be and stick with it is the key to success no matter what we need to do then we avoid those bumps while making sure stay strong.

DCA method is the best and most reliable way to invest in Bitcoin. So this should always be done to keep yourself properly calm. Because once you start investing with DCA method, instantly your mind will be automatically attracted to that investment. So it is most necessary to take risk to prepare yourself only once, so if you can sustain your investment for at least 5 to 10 years, you will get maximum success.
Because those who invested in Bitcoin at the time they did it have the most success and there is still plenty of opportunity, so the only time to invest is to adopt the DCA approach strategy. It is definitely useful for both old and new investors if you can get started.

You may be correct but some of your phrase is confusing and can you please explain what you mean by those who invested in Bitcoin at the time they did it has the most success and what you also mean by take risk to prepare yourself only once. And again it's not just about using the best and reliable strategy (DCA) rather it's about management skill, how well can you manage your investment because I can bet with you that it's not everyone that is using DCA, is doing well in their investment reason because they don't know how to manage investment, they are not discipline, they don't have patient and some just jump into investment without a stable source of income because they heard Bitcoin is a very nice investment and off cause it's a very nice investment but that doesn't mean It's all rosey.