Quote from: Platinumys on Today at 05:37:28 AM

Quote from: MissNonFall9 on February 27, 2025, 03:29:46 AM

Quote from: Zackz5000 on February 26, 2025, 05:19:57 AM

Quote from: MissNonFall9 on February 26, 2025, 04:25:57 AM

we should always create such a support fund, whether it is a stable income or a volatile income in my opinion.

The most important thing is to get started first i will say that investing into Bitcoin doesn't require one to break a bank before this so as long as you have a discretionary income to begin with start immediately then along time line you can start making plans on how you can increase your discretionary income through finding other source of income and also make provision for your emergency fund reserve and float, a city is never built in a day start first accumulate gradually using the DCA strategy and sort out other important and necessary things towards to grow your Bitcoin investment while you are already accumulating Bitcoin.

You are absolutely right, nothing is created in a day or a moment. It takes a certain amount of time to create something. Although I am not a big investor, I still think that one should be a little cautious in long-term investments, especially for people from lower middle class families or low income groups like me. But Bitcoin investment is definitely not an alternative to the DCA method. So I think creating a support fund with investments will be a benefit for low income groups like me, so that if they face any unexpected event they do not have to touch or withdraw their Bitcoin funds what I am doing in light of the knowledge gained through this thread, which is constantly helping me increase my mental courage in investing.

From what I know about investing, if the investment is not taken seriously or if the investment is not made for a long time, then it is difficult to achieve success from this investment. Most investors don't understand how to get started. Newbie investors are afraid to start investing mainly because of many fears and lack of proper understanding about investing. On the one hand, novice investors feel that their money will be at risk if they invest in Bitcoin. But investing must take some risk because if an investor does not take financial risk then he will never succeed in investing.

Investing does not mean that an investor needs to have a large amount of money to invest or that an investor needs a large amount of money to start investing. Rather an investor can start his investment with minimum amount of money. When an investor starts investing, gradually his idea about investing will grow and later on he can become more serious about his investment.

Any amount is suitable for a new investor to start investing. Even a small investment of as little as $10 can kickstart their investment using DCA. The problem is that some cannot keep up with that $10, after some time they get to stop investing in Bitcoin. But come think of it, $10 is quite a comfortable amount for anyone to be able to DCA with. Any investor who can't keep up with a minimum of $10 investment every week should not be investing in Bitcoin.

To make it very clear, every investment has risk, and Bitcoin does, too. There is no guarantee of success in any investment, so when we are talking about dca and buying for hodl if it is not properly done, the right way, an investor might lose in his Bitcoin if he sells at panic times.