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.
You are getting the concept of the DCA strategy and emergency fund wrong. An emergency fund is not a strategy for accumulating bitcoin; it is the money you set aside when you are investing in bitcoin that will help you to solve your unforeseen problems anytime they arise. For instance, if you are investing in bitcoin and suddenly your car broke down, you will use your emergency fund to fix or repair your car since it is an unexpected problem and it's part of your daily expenses. You are wrong. If you are using the DCA strategy to accumulate bitcoin, you can only fail in your investment if you use all your money to invest in bitcoin or if you use the money that is meant to solve your daily expenses and invest in bitcoin, and your daily expenses arise, you have no choice but to depend on your bitcoin investment to survive.