It has helped me understand how significant and reliable dollar cost averaging is when accumulating bitcoin. If i receive my monthly salary by the end of this month and if i solve my monthly expenses, I will use the remaining money to start accumulating bitcoin.
First of all I will tell you that investing in Bitcoin requires long-term planning. If you don't have a long term plan then investing will be risky for you. Now you said you will get salary at the end of this month. Now if after your monthly expenses, if there is any money left, then you can invest. Now invest what you can afford to lose, don't invest more than you can afford to lose. You should keep the fund for emergencies, so that you don't have to sell investments for emergencies. You have got the idea about DCA strategy, so you can invest on monthly basis in DCA method from your monthly salary.
Thank you for looking out for me and providing me with useful information that will help me have a successful bitcoin investment. I have read so many posts here, and it has guided me to know that bitcoin investment is safer when you have a long-term goal at the start of your investment, and that is why i would use the remaining money after i have solved my monthly expenses to invest in bitcoin. Emergency funds is important in bitcoin investment, but i will not build my emergency funds quickly since i have no bitcoin in my possession. Maybe when i have bitcoin in my possession, i will start building my emergency funds.
Long term investment is the best approach when it comes to Bitcoin but it will only, but having a long term goal won't make your investment completely safe rather what will make it completely safe is if you have a good source of income and also know and keep out the amount you will be using for accumulation to enable you have smooth and good running investment. Using your left over ( remaining money) to invest in Bitcoin is not safe or advisable because there are unforseen circumstances that may possibly come up so if use your remaining money it will choke and you will have no option than to touch your investment.