I have decided to invest in Bitcoin, I know about DCA and DCA's feasibility, and I have gained a rough understanding of Bitcoin and Crypto. But I still don't know much about them. But I decided to start investing in Bitcoin. And in DCA I will continue to invest and slowly learn everything about crypto. Hopefully I can move forward in this way.
Secondly, I want to believe you knew that Bitcoin is different from crypto, I don't really know much about crypto because I'm not interested and secondly i think It will distract me from my Bitcoin investment and I will suggest you go into Bitcoin investment of course that's the best way to go about it and again it's not just about knowing DCA method but it's about having and knowing these below;
* Knowing that Bitcoin investment, is best in accumulating and holding for a long period of time.
* Patient is very important, do not panic or sell when there's Dip or tends to...
* Know how to manage your investment very important, this will help you scale through some challenges
* Ensure to always keep your emergency and reserve funds
* Don't invest aggressively because you want to accumulate enough Bitcoin within a short period of time no, invest according to your capacity.
Good luck.
I don't think you understood the point of the person who mentioned that he has gained little knowledge about bitcoin and crypto. Given that you mentioned that he might have separated bitcoin and crypto, after reading your statement I feel like you don't have the slightest knowledge of bitcoin. It is very important for you to know this little thing about Bitcoin, Bitcoin is the world's first open source cryptocurrency, Bitcoin is also called decentralized digital currency.
When a new investor comes to us to learn about investing in DCA method, we should guide them through the basic steps of investing in this method very easily. As such, it is possible to invest in DCA methods employing minimal knowledge. Ensuring financial management i.e. having specific source of funds. One has to accumulate bitcoins continuously for long term on weekly monthly basis according to own ability irrespective of income expenditure.