The First bitcoin investment in my life.
I started the first investment of my life today, it's a new experience for me. Although it is much less in amount, but I will continue it regularly, and thus hopefully one day my portfolio will be much bigger. I have high hopes for Bitcoin's potential and its future. So I will now convert this investment into a long term plan and invest regularly on a monthly basis. I have learned about DCA, and I am proceeding through this DCA from now on. For newbies like me, I say, research properly and keep yourself updated and go ahead with a long term plan with faith in Bitcoin, hope everyone can succeed in this journey one day.
Regret always comes too late, two years ago btc was in a fairly low price range after some big fuds where the btc price at that time dropped to $15k. People couldn't afford to buy, not because they didn't have the money but they didn't have the mentality. Yes, today you are trying to buy the first BTC with your plan for long-term investment, you have a strong mentality and I hope you can apply the DCA strategy with follow-up purchases until you reach your accumulation target. Keep your idea of DCA and never be tempted by other methods that can confuse you with the situation in the investment you are making.
Know that price is not a benchmark that must be measured from the start, but you can calculate the amount of btc that continues to increase every week with your routine accumulation every week. It is not easy, but I am sure you already have a good enough principle by choosing to invest in Bitcoin.
With the planning that you have done, of course we all want to encourage you with long-term investment planning, manage your cash flow as best as possible and don't be too emotional because your target is for long-term investment.
In addition, buy on the exchange and make a withdrawal when you reach $500 so that there is no waste of costs if you make a withdrawal every week. Hold and have the safest wallet, we will look at a bright future because BTC has a limited supply.