Permit me to ask Sir, how does someone apply this DCA that is always mentioned here if the person does not have like a regular job. What I mean is someone who do business that brings profits in a way you cannot calculate when it will come. Sorry if this question have already been asked because the little I know about the DCA method is that it involves investing in Bitcoin at a regular interval of time like weekly or month as the case may be. You know someone running a business like me might find this very challenging to keep up with the requirement of weekly or monthly investment because sometimes business bring so much profits but sometimes the profit is not much plus delays can happen too.
Let me be a little open to you so that you can guide me properly. I do many small businesses and I will use one to for example. I run small export business of consumables to my friends overseas who do still eat our local foods over there. I buy and send to them base on demand, not that it is on a large scale and depending on what they demand, I will use flight or send through shipping lines. Through flight is faster but cost more to send and reduces my profits while shipping takes more time but cost less to send thereby increasing my profits. This is one of the reason for the irregular income I stated before and the reason I want more guidance on this if I can start using the DCA method to invest in Bitcoin.
Thank you as I await your response.
The first adjustment step in investing is of course a fixed income or you have a permanent job with a regular salary every month, discretionary income is a goal that you can use to invest in Bitcoin.
The second step you can choose which strategy is comfortable for you to apply in Bitcoin accumulation, of course my advice is still DCA.
The third is a determination to invest for old age, if you do not target for the period you can choose 10 years. That way you will be well concentrated to accumulate bitcoin.