The reason why most investors fail is that they make risky decisions hoping for big profits overnight, they invest for short-term gains, and this is their biggest mistake, because the hope of short-term gains is not the point of investment, it is trading.
Investors should invest in DCA for the long term, such as investing at least targeting 200-WMA, and continuing to invest more if they can. However, 200-WMA should be the minimum target. Bitcoin investment requires consistency, not being overly emotional about the market, and keeping investments regular for long-term goals. Those who are patient herem, they will be able to keep their investments for the long term, and they will definitely be successful.
If we cannot say what time frame someone else will set for investing, we can at least say that every investor should invest in a long-term plan. However, in reality, long-term investment is as simple as we can say, but actually investing in a long-term plan is relatively difficult. If an investor is not very serious about his investment and if he does not have a solid plan in mind for investment, then it is actually difficult for him to invest in a long-term plan. I know that some financial problems arise in every person's life from time to time, but those who are real investors, no matter how much their financial problems show after investing, they do not sell their investment, but even though they struggle at that time, they get themselves out of that danger.
Many people may think that if I do not have a lot of income opportunities, then how much will my capital be by investing that small amount gradually?
I would like to tell those who have such thoughts, suppose you start investing with a part of your income and the amount of money you invest every week is relatively small, but if you can invest that amount continuously for five to six years, then calculate how much your total capital will be. I think if you can invest like this, at some point the capital will be in a very good position and you will also get a good profit from that capital because the price of Bitcoin will change a lot in these five to six years and I hope that change will definitely be positive.
So finally I would like to say, be serious about investing in Bitcoin and have faith in Bitcoin, I hope you will smile with success.
This is the main reason why a long-term bitcoin investor needs to have various backup funds to tackle whatever challenges that may come up during his bitcoin investment. Setting up an emergency funds is very important when you are investing in bitcoin, because this is what acts as a backup to your bitcoin investment which will make you not sell any of you bitcoin when real emergency occurs. Your emergency funds will be there to take care of it.
Reserve funds is also important because it acts as a back up funds to your emergency funds. So that you can use your reserve funds for other purposes that are not real emergencies but something of important to you. Only your discretionary income should be used to invest in bitcoin till you reach your bitcoin target.