Investing because of past events is such a bad idea. If you notice a lot of investors who started investing because of price history never made it successfully. Without the knowledge of Bitcoin investment, at least the basic knowledge it will be difficult for an investor to stay connected to his investment. Past events do not guarantee future results, That is why we have to learn about any investment we are entering into it instead of going about it blindly. Some persons along the line might start learning about Bitcoin investment when they get to face difficulties and cover losses. But do we need to go about things the hard way when we can safely start investing when we learn the basics of Bitcoin investment?
Learning about Bitcoin investment some people sounds more like a complex thing. Meanwhile, it's a bit simple and straightforward when we give it a try. However, mastering the in-depth part requires time and dedication.
I like to invest in the DCA method because there is less chance of risk if the price of Bitcoin goes up or down in the market.
why you invested in bitcoin through DCA at the First place was never because of the risk of bitcoin going up or down, bitcoin must certainly undergo upward and downward movement which is ideal due to its volatile nature. The reason for accumulating through DCA is for easy way of buying bitcoin as little as you can without overdoing it, or according to your level of discretion income, and or buying to HODl and be free from the trauma of watching your portfolio rise and fall. The reason why most people buy and HODl or accumulate bitcoin is because they have a long term investment goal and not a temporary one.
If you invest in the DCA method for four to five years from now, you will have a lot of bitcoins, and you will be rich. will be
And again accumulating bitcoin for 4 to 5 years from now does not guarantee you to become rich. An investor may accumulate for five years and still not able to produce a tangible,sizable or reasonable amount of BTC withing those period. The amount of bitcoin In your portfolio and how long it has appreciated can only be used to quantify you success.
Let's work it out mathematicaly
For instance $10 weekly investment for 5 years
1 Week $10
4 weeks $40. 1 month=$40*12 months = $480.
1 year $480 *5 years= +/-$2500.
If this proces is reapeted using $100 in replacement of $10 weekly as regard to fuck you status, the approximately $2500 will be $25000. Now obviously your success depends on your level of accumulation. Meaning the profit increase has not been added yet, if the profit should be added, it could amount to a Total of $30k or $35k