Quote from: Mehmet69 on January 31, 2025, 05:22:04 PM

Quote from: Roseline492 on January 31, 2025, 04:01:01 PM

You are wrong, diversification does not mean you should quite the one you are doing at the moment, diversification means as you are already investing on one side or Bitcoin and you want an assets that would be on different side, for instance you are investing on Bitcoin currently and you decide to also open a business you would be running on daily basis that is also called diversification. Sometimes when people hear the word diversification they mostly don't see it as having different things because what they understand it to be only one. However if perhaps diversification is one investment what then do we call two different investment owners?.

Diversification means creating income and wealth from different sources, not just diversifying into one type of investment. For example, let’s say you are currently investing in Bitcoin. This could be considered a “financial investment.” Now, if you start a new business that you run every day, like a restaurant, that is a different type of investment, but you are expanding your investment horizons by creating two assets or sources of income at the same time. This is actually diversification, because on the one hand you are saving for your future with Bitcoin, and on the other hand you are making a daily income from your restaurant business. But I think it is better to invest in Bitcoin first for diversification.

But do you know that for you to be investing in bitcoin either monthly or weekly, you need that source of money that can always be bringing it the inflow of resources. Knowing fully well that your bitcoin investment is for the long term, and you choose to invest on it first, before looking at that extra business that will be bringing the funds in, how do you intend to sustain that your investment? Knowing fully well that this investment is supposed to be for long term. For me it's wise to set up your restaurant business first where you will be seeing profit on daily basis, and from that profit, you can using part of it to run your weekly or monthly DCA on bitcoin.

quote author=Lembo69 link=topic=5132720.msg65012788#msg65012788 date=1738350356]
An investor should always be prepared for the market to rise and fall. But if you invest in the DCA method, then be a little free from fear. And think positively. Invest from some part of your financial income. I will not say that you cannot do it at all. But it would be wise to hold. This way you will be risk-free.
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There is no risk free investment anywhere, not even in bitcoin investment. Irrespective of the methods you are using to accumulate your bitcoin, you are not free from risk. Yes investment can be said to be; low risk, medium risk, and high risk. There is no risk free investment!! Don't deceive yourself thinking that investing in bitcoin through DCA and hold is free from risk, no that's not true. There is still risk involved.