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
In fact, everyone can invest, but the most important thing is to maintain the investment for a long time. As easy as it is to invest in Bitcoin, it is difficult to maintain it in the long term, especially if an investor is financially unstable, does not have a fixed source of income, or does not have any funds ready.
Bitcoin is a long-term asset, if a investor want to achieve the possibility of profit by investing in this asset, so he must definitely hold it for the long term, because it is very difficult to make money from Bitcoin investment by holding it for the short term. However, the possibility of profit is much higher if you hold it for the long term, but we will never be guaranteed to make a profit in any way. That is why to invest, you should invest with extra money to meet the basic needs of the family and other expenses, which you will not have to face any problems even if you lose it.