Quote from: rachael9385 on November 12, 2024, 06:43:36 PM

Quote from: asarfiar on October 25, 2024, 06:35:42 AM

We have seen various Bitcoin market systems in the past which despite being very volatile, Bitcoin continues to move forward with its momentum. Despite the various ups and downs of the market system, Bitcoin continues to walk the cryptocurrency world in an unforgettable way day after day. Those who have invested in Bitcoin in the past are likely to get good returns as the global economy is expected to be good in 2025.

Yes you can make good profit, but if you have a portion of income per week like $40 per week you can invest $10 in bitcoins. This will reduce your financial risk which is much more bearable than months.

Yes investing a bunch of $10 per week will not be a bad idea because you are gradually investing on Bitcoin with DCA strategy. However, all this can be done if one is a working class type or have a profitable business that he or she does that can earn him or her money weekly. Actually, in most places, it's hard to see a job that can pay you per week or per hour. Most of the workers are being paid monthly and some of the salaries can not maintain $10×4 in a month when invested on Bitcoin.

The most important aspect of succeeding in your DCA method is to have a steady source of income, meaning that the method is not for jobless people. Then you have to consider your basic responsibilities whether your profit or salary can cater for it before considering DCA method to accumulate Bitcoin. If your income can not take care of your primary needs like food, rent and recurring expenses like light bills and transportation to work, then DCA method is not for you yet. If you can meet these primary needs, have a little something aside for emergency funds, then DCA can work for you. Determining how much you will use for accumulating Bitcoin either weekly or monthly depends on what remains after these basic expenses are taken care of.