in my opinion if a new Investor is coming into investing bitcoin it is advisable to take your time and get yourself prepared before investing, jumping into bitcoin investment without laying down plans on how to manage your bitcoin investment may cause you to sell your bitcoin at early stage of accumulation, and emergency fund is also Very important for an inventor to set up to enable him or her run a smooth bitcoin investment journey for long term.
A person is constantly spending his money, whether it is to meet family needs or to fulfill his own desires, he also spends extra money. Of course, you should dedicate yourself to Bitcoin investment because preparation always gives you peace of mind, if you manage your life properly, then you can spend it on Bitcoin investment by excluding additional expenses. Of course, this money will be deposited as Bitcoin in the form of deposits, have you ever noticed? How much money do you spend every day.
If you keep these funds structured and deposit them in Bitcoin at the end of the week, then your Bitcoin investment will definitely be successful, only if you have the strategy and the desire to invest in Bitcoin and the ability to take risks, this plays the most important role. If you deposit $ 10 to $ 20 every week, then you will have a large portfolio at the end of the year.
Those who have enough experience and skills in investing should definitely invest in Bitcoin. Now, a family must spend money to meet its needs. If no money is spent to meet its needs, then managing a family will become difficult. It is not possible to calculate that family expense with Bitcoin investment, of course, you have to spend to live fully. Now, it is not possible to invest completely in Bitcoin from what I earn. I am planning to keep 20% of my income for Bitcoin investment and I am keeping the entire amount I earn from the Bitcoin forum as Bitcoin investment.
However, I have decided to use the DCA method for the 20% of my income that I plan to keep. I have not decided to wait for the market to fall. As soon as I get my income, I will put 20 percent of it into my Bitcoin investment. However, I think that all those who invest or are preparing to invest should not invest their entire income, but should use a sufficient amount of income that is not an emergency fund, such that the money invested in Bitcoin can be held for the long term.