Gud evening everyone. My little take on the above topic, it all about buying of bitcoin in dca, simply mean buying bit by bit as much as your pocket can buy and holding it for a long period of time. Or buying by lump sum: buying by this method is mostly best for people that has much funds, because you target to buy when the prize drop and in large portion of it (bitcoin),and hold for long periods of time.
Investing in Bitcoin is very easy, but it is very important to know the strategies on how to sustain the investment in the long term. A person can sustain Bitcoin in the long term only when he can manage his money properly.
Because if you have just started investing in Bitcoin and cannot find a place to earn extra money, you will not be able to sustain your Bitcoin investment immediately, that is why I say that if your place of income or job is confirmed and the money you get from there meets the basic needs of the family or basic needs, then invest in Bitcoin with the extra money that remains.
If a person invests in this way, then he will definitely be able to sustain his Bitcoin investment for a long time, and patience is needed to sustain Bitcoin investment in the long term
Yes easy if we talk about buying it then hold for long time. What makes it harder is how you gonna deal with your emotion for seeing those volatile movement of Bitcoin since there's unexpected situation that will come up that will test our patience and belief.
That's why aside for accumulating Bitcoin we should have at least basic knowledge so that we would know how to determine right and correct information since there are to many misleading things spread by people online.
Also its important to have a good cash flow since this is important when dealing with Bitcoin for long term since if you can consistently accumulate it without getting any outside issue, the chance for us to succeed is high.