It is expected from us to invest with our discretionary income and not money for family need bitcoin investment is for a longer period of time so is not what you will invest with all your funds hoping to get bigger return tomorrow no this is because bitcoin investment is not a Ponzi scheme so we should invest with our leftover income.
Having a stable income is good but not having it shouldn't stop you from investing into Bitcoin, then along the process you can gradually be increasing your source of income and then increase your discretionary income then you can choose to invest aggressively gradually your Bitcoin portfolio will start increasing.
Yeah Bitcoin investment is something that concerns the future and anyone who's willing to go on that journey should already separate money meant for investment from the ones meant for settlement of other expenses that's why an investor must have a steady flow of income to help maintain consistency for a longer period cause without it an investor could be pushed to sell their coins to settle emergency situations. Someone that invest all their money to get quick profits has a trader mentality and could end up regretting since bitcoin is volatile and could dip instead of pumping as they expected. So, instead of doing that, the best thing is to invest with some percentage of one's weekly or monthly income a figure the investor would comfortably be able put into their investment consistently for long-term.
Crypto investment needs a good understanding about the market because it's not all about buying and having a back up fund, you'll need to learn about the crypto market and the market structure because you know understand the market so well, their are sometimes when you have ananalzed the market to the extend that you feel like them price of Bitcoin is going to skyrocket soon, giving you an earlier opportunity to prepare for the bull but adding more Bitcoin to your portfolio because this can be a one time opportunity to buy before the big bull run.
The DCA strategy is very good and it wouldn't be good if we keep using it without understanding what's happening in the market.
Majority of experience investors know that their are some investors who we keep buying without even understanding the market whether price is preparing to go up or go down. In addition, every investors need to learn how to analyze the market even though we have no intention to trade but just buying and holding for as long as possible. Cryptocurrency is very profitable, but only for those that are ready to keep holding and holding while accumulating to add to their portfolio.
We shouldn't be ignorant of what's happening in the market just because we have a DCA strategy in place for us that is helping us to buy at random prices. Understanding the market will be safe for us if we can keep studying and getting paramount education about the market. It would be bad if we just stand at a corner and get relaxed without any effort to keep learning about the crypto space with taking advantage of the DCA strategy that could make us earn more in the market if we have the intention to hold for as long as possible.