I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method? Or investing in memcoins or sheet coins is easy.
Firstly I'll tell you, you don't need to invest in meme coin because they are not reliable. Considering memecoin as an investment to go into, I think you are making a mistake that will be so risky for you. Bitcoin is better to invest because it is reliable and valuable. DCA method of investment is easy because you only invest with amount you can afford, you don't need to pressure your self to invest with a huge amount just trying to meet up, but with DCA method from time to time you can make the little investment that you are capable of. The most important thing in the DCA method of investment is just for you to have a steady source of income , with this you can be able to achieve success from your investment.
One thing I'll advice you, do not be in so much pressure to invest because of the market increase to make quick profit, invest what you can afford according to the income you earn.
Arhh investing in shitcoin will be close to the abyss, meaning he will fall with his high risk so stay away from shitcoin because this is not a means to invest.
Don't be influenced by others who invest in shitcoin it's not worth it.
Indeed, the way you are right to invest bitcoin can be relied on in the long run, and the DCA strategy is the most common and effective way to run it where you don't need big money but the little you put fiat into bitcoin over time will grow to be big.
The most important thing is where the cash flow becomes stable then doing DCA can adjust it.
Because I myself am still doing DCA until now, it can still adjust to the cash flow income it has.