Yes, nothing good can ever be achieved without patience, and if it comes to Bitcoin investment, we will never be able to achieve success without patience and long-term holding, because the real success of Bitcoin will come in long-term holding, because the history of Bitcoin proves that those who have held Bitcoin for a long time have achieved the most success. So patience and long-term goals are essential in Bitcoin investment, but it must be done through DCA. Because only through DCA investment can we increase the Bitcoin portfolio at a long-term average price, as a result, our profit will be much higher. And we have to run this DCA continuously for at least 10 years, only then can we get the real success of Bitcoin.
Investing in Bitcoin requires planning to hold for the long term. Yes, those who have invested in Bitcoin and held for a long time have become successful investors and are currently in huge profits. What was the price of Bitcoin in the past, how much is it now? Will increase more in future. We may see that $1 million at some point in the future. However, we should not invest more money than we can afford to lose. Because investing more than you can afford to lose will make it difficult to hold the investment for long. The most important thing is that you should save money for urgent needs. In my case I invested what I could afford to lose. My plan is to continue investing with DCA for a long time.
We all know that Bitcoin is a volatile currency (in the short term), if an investor invests in Bitcoin for 2 to 3 years, it is not an investment, but rather it will be considered as trading. And we can never expect anything good from this short-term trading, because the price of Bitcoin can decrease a lot in the short term due to this volatility, as a result of which you will have to face losses.
Therefore, DCA is considered the best strategy for investment to get something good from Bitcoin. However, we will get something good from this DCA only when we keep DCA uninterrupted for 8 to 10 years. However, when deciding to invest in DCA, the financial situation must be taken into account. You should cannot be invested that money, Which you may need after 1 to 2 years, Or at any unexpected time, you have to rely on this invested money.
This is why you should build your financial stability first. And you need to invest using money that you won't have to face any problems even if it lost.
If necessary, you can run a DCA with a much smaller amount, but you still need to be sure that the money you are investing will not be needed in the next 10 to 11 years, or "it's no problem if it to lost". Never think about selling, or panic by worrying too much about the price, just continue investing in DCA and keep holding, without looking at the price.
You need to remember that Bitcoin has fluctuated a lot from the beginning to the present, but it has increased over time, just as its value will continue to fluctuate in the future, but over time it will increase in a long term. And your goal should be exactly that, you have to believe in this fact that no matter how much Bitcoin fluctuates in the short term, it will definitely be very valuable in the long term. And that time you will achieve the success of Bitcoin.