I agree with you, it is very important for every investor to adopt the right strategy in Bitcoin investment. If you want to profit from Bitcoin investment, you must maintain patience. You cannot be successful just by investing, you have to manage the investment properly.
And we know that the only best method in Bitcoin investment is the DCA method. However, you will get effective results from the DCA method only when you keep DCA continuous for the next 10 years or the next 3 cycles.
Because Bitcoin is a volatile currency, even if it fluctuates a lot in the short term, it has a high probability of being valuable in the long term. That is why investors must be patient enough and follow DCA continuously, only then will there be a high probability of getting very good results from Bitcoin.
It is easy for every investor to start investing, but it is very difficult to actually maintain your investment for a long time. Basically investors face a lot of challenges after starting the investment which sometimes leads to selling their investments even in reluctant terms. If an investor cannot hold his investment for a certain period of time after making the investment then I would say that the investment is worthless. Even if an investor adopts the DCA investment strategy in terms of investment, the investor should adopt certain strategies in making this investment permanent. For example, the amount of money that the investor will regularly spend for investment, he should keep some amount of money left over so that he can meet his needs with the remaining money when he has financial needs. But he will not need to sell his investment when he has the remaining money. Those who can invest in this way actually have permanent investments.
it is not difficult to maintain your investment for a long period time, yes it's a normal thing for an investor to face some challenges that's why it is advisable to invest with your left over cash (discretionary income) after settling your expense, because if you want to invest in BTC to hold it for long period of time you have to first of all settle you needs as human you should feel the value of needs, also have an emergency fund and other sources of income it we help you to maintain your investment for a long period of time without being tempted to sell them off in short term.
In an investment there are bound to be obstacles, both from a mental and financial perspective. Because sometimes we can't avoid a problem, because we are only ordinary people who can only plan. Regardless of the bad situation, sometimes even having an emergency fund still won't solve the problems you are facing. Because the money needed for urgent needs may exceed the emergency funds we have. For this reason, the only way to cover this urgent need is to sell existing assets, namely bitcoin. Then, mental obstacles will certainly be quite heavy if they happen to us when we are carrying out our investment.
Like being impatient when you see the price of bitcoin going down, and finally selling the bitcoin because you are afraid it will go down further. Or you can't wait to sell your bitcoin because you have already made a small profit. For some investors who cannot control their patience well, these two things will certainly feel very difficult to overcome. That's why when we invest, like it or not, we have to have a stable income, we have to have a strong mentality and we also have to have an emergency fund that continues to be added every month. Because if, for example, from the start we invested in Bitcoin, the nominal amount of the emergency fund we had was not increased, I think this would be an inappropriate action. Because as I said above, this aims to take care of when there is an urgent need that requires a lot of money.