Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Who says it's too late to buy Bitcoin?
by
Odohu
on 22/03/2025, 20:01:50 UTC
⭐ Merited by JayJuanGee (1)
I want advice from those who have been working in Bitcoin for a long time and some advice on how to do something good if I work on it is good for those who are new and want to work with Bitcoin.  Because new bitcoin users don't know when the price of bitcoin goes up and down sometimes.  That may not do any good by buying bitcoins.
As a newbie to Bitcoin investment, you don't need to bother yourself with knowing what the price of Bitcoin will be instead, your interest should be how to buy Bitcoin and store it properly for several years. To do this successfully, you need to make your final plans to enable you buy Bitcoin with only money you can afford to leave in Bitcoin for many years like 5 to 10 years without having urgent need of it. You will also be better off if you set aside some funds called emergency funds to help you protect your Bitcoin, this funds being what you will lay hands on incase you have something that came up unplanned which you must fix.

One method of buying Bitcoin that is generally recommended for a new investor is the DCA method which requires buying Bitcoin with a convenient amount of money on a regular basis like weekly or monthly. If you have a regular cash flow like salary, this method is easy and straightforward to apply because it will just require you to calculate a certain percentage of the salary that you can put into Bitcoin and no be in any financial stress. If you income is not also regular, you can still work out a way of using the DCA method but that will require some extrapolation to achieve a definitive amount to commit to Bitcoin per period of time.