No successful investors sat in his house and became successful over night without taking risk. Risk takers will always learn new things from their experience and will strife to achieve their goal. Investing in bitcoin is worth taking the risk, because you are building and growing wealth for your future by only buying bitcoin with DCA regularly every week or month for 4-10 years above and hodli for long. Kidnappers, drug traffickers and even politicians takes some high level of risk to achieve their goal. Talk more of bitcoin investment that you are only to be buying with little amount from your discretionary income as a constant practice, so that you can upgrade your financial status in future with your bitcoin investment
Even if there is I am not sure they get success in a short time and taking risks with sufficient consideration also does not necessarily provide success in a short time. There is a process that we may need to go through, especially in carrying out investment and we are required to understand the pattern in running so that when starting an investment, we have a view on how to start correctly. Investing in bitcoin will be commensurate with the capital we apply, but if the investment is used for the long term, it will be more potential in the return process.
The question is how consistent we can be in running purchases based on our financial capabilities. Even if you have a DCA strategy that can be applied, if someone is not consistent, it is difficult to achieve success, that's why consistency is needed in running investments so that we can achieve success.
First, understanding investment patterns is certainly very important to be able to get good results in investing because without understanding it, we can make mistakes when deciding to run an investment and also harm ourselves, and choosing to survive in the long term is the right choice to be able to look forward to the benefits of the investment.
To be able to carry out investments consistently, of course we must have a good source of income so that we do not encounter problems when carrying out investments that make us have to take back the assets that we have invested before reaching the profit target that we have previously set.
An asset like bitcoin shouldn't be sold because of profit because it is worth hodli till old age since bitcoin is still young and growing which means that the price increases in value overtime. If you sell your bitcoin investment because you have reached your targeted profits, what will you benefit in holding fiat that depreciates. If you use it to put into any investment, bitcoin will still outperform such investment. If you have a company will you sell it because you have achieved the profit you want?
However, you maintain it and make sure that the company keeps flourishing for more future profits. Bitcoin is far better than a company, because it's the future, so threat your bitcoin investment as something very precious to you because it has the potential power to make you financially buoyant in future.