As a newbie or someone that is new to bitcoin investment, your attention should be more focused on accumulating bitcoin with the DCA strategy because it will help you to accumulate bitcoin consistently at any given price and also help to control your emotions since you are not yet used to the volatile part of bitcoin. Since bitcoin is a long-term investment, both investors who are using a lump sum, buying the dip, and the DCA strategy to accumulate bitcoin need to do that with their discretionary income so that they will comfortably sort out their daily expenses, which will allow them to hold their bitcoin investment for a long term since they didn't use the money that is allocated to solve their daily expenses to invest in bitcoin.
It needs to be underlined that regular purchases are important, with dca or others but can we do it consistently. Many of them fail for many reasons, they no longer have money so they stop accumulating bitcoins.
HOLD requires a method.
Does buying bitcoin require a method, Yes it is very much needed in other words a strategy, but here I prefer DCA so DCA is the best.
Those who will hold Bitcoin in the DCA method will definitely be able to invest in Bitcoin with the remaining money left over after excluding the family or its basic expenses. That is why I say that the most important thing to focus on in long-term Bitcoin holding is to meet the needs of money.
This is a long-term investment, so I have highlighted these things the most, or you can follow another method, which is an emergency fund.
If you have an emergency fund, you can meet your unique needs in the future, then you don't have to worry about investing in Bitcoin. Some people fail in the Bitcoin DC method only because they are lazy in using their strategies.
When investing in Bitcoin through the DCA method, it is very important to create an emergency fund, because unexpected situations can happen at any time, but an investor must always be prepared to deal with those unexpected situations. And for this, an emergency fund must be created.
Because if an investor continues to invest in DCA without creating an emergency fund, if he has to face problems in the future, where he "needs money urgently", at that time, "since he does not have any emergency fund", then he will have to sell his Bitcoin holdings by Compulsory, which at that time he may have to sell his Bitcoin holdings at a loss lower than the amount invested (if that time bitcoin in dump).
This is why in the case of DCA investment, after meeting the family and basic needs, additional money must be invested, and an emergency fund must be created, if there is an emergency fund, an investor can safely hold his investment for a long time, so he will be able to profit from long-term holdings.