Quote from: Y3shot on Today at 03:45:25 PM

Quote from: As-Soon-As on Today at 04:50:47 AM

Investing in Bitcoin according to the DCA strategy is easy but if we want to sustain it in the long term, it is most important to have an emergency fund. Because danger can come at any time, that is why you have to be ready to face danger from the beginning, so that it does not affect your Bitcoin investment. This should be given the utmost importance.

Normally, Before investing in Bitcoin, it's important to have a steady source of income. This allows you to make good plans for your investment and set aside an emergency fund, ensuring you don't rely solely on your investment. Having a stable income and a solid plan for managing your funds, such as using the Dollar-Cost Averaging (DCA) method, makes investing easier. With a reliable income, you can afford to invest only what you can spare. without proper money management, investing can become challenging.

I think using the world steady source of income is not appropriate for someone who wants to start up an investment because the stability of your source of income is not guaranteed since if you are working for someone, your job can terminate abruptly and you start finding another source of income and even if you are a CEO, your income may not flow always due to some challenges you might be going through in your business at point so anyone who has an income can start investing so saying that it must be those that have steady income seems like they are sure that there income will continue to come all the time.
Setting out emergency funds helps to sort out some emergency needs that will arise in the future without having to touch your investment. The DCA is also one of the best methods to accumulate Bitcoin with ease over your investment since you will be investing same amount gradually till you have successfully acquired a sizable amount of Bitcoin in your custody.