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Quote from: sotelorene on February 07, 2025, 10:43:14 PM

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Don't take because you want to solve your unexpected problems that may arise during your bitcoin accumulation journey and get distracted into trading bitcoin for short-term profit because it might have a negative impact on you, which will likely lead you to sell your bitcoin prematurely. There is what is called an emergency fund in bitcoin investment, and it is the money that is set aside before or after you start accumulating bitcoin so that if an unexpected problem occurs, you will depend on the emergency fund to solve the problem, which gives you the advantage to hold your bitcoin for a long time. If you have a steady income and you choose to accumulate bitcoin only with the DCA strategy, it will perfectly work out for you as long as you don't use the money that is meant to solve your daily expenses and invest in bitcoin, and I want you to understand that using one strategy to accumulate bitcoin has nothing to do with your life problems.

Patience and proper strategy are very important in Bitcoin investment. Many investors expect quick profits from short-term Bitcoin investments, and for this short-term profit, they invest with money that they may need very soon. And after a certain time, the value of Bitcoin decreases and they have to sell their holdings at a loss.

So do not invest in Bitcoin with the hope of short-term profits, because Bitcoin is not a get-rich-quick scheme. If you want to profit from Bitcoin investment, you must invest in the long term, and if you want to hold an investment for the long term, it is very important to create an emergency fund. This fund is a source of money that you can use to solve your daily expenses or any other urgent problem, so that you never have to sell your Bitcoin.

Also, an investor can never profit from Bitcoin for sure. Bitcoin is only a financial asset, and it is only a currency with a possible future. And it has the potential to give something good in the future. So first you need to understand the real potential of Bitcoin and make a long-term investment by doing proper research.