Quote from: Tonimez on April 23, 2025, 05:29:46 PM

Quote from: Shadiq on April 23, 2025, 02:59:28 PM

Quote from: Mayor of ogba on April 23, 2025, 11:33:35 AM

Quote from: Tonimez on April 22, 2025, 09:27:16 PM

Bitcoin should be aimed at long term always, investing aggressively in any slight market opportunities is just another form of trading because you would like to watch it go far beyond your buy price; Trading! DCA is all the best of you wish to keep a long-term investment.

No doubt the DCA strategy is a good strategy when it comes to bitcoin investment. You can buy bitcoin with the DCA strategy anytime without waiting for an entry point, but it won't guarantee you will hold your bitcoin investment for the long term. If you want to succeed in bitcoin investment and hold it for the long term, you need a steady income that will always cover your daily expenses and give you a discretionary income you will use to invest in bitcoin consistently and build up your bitcoin investment. If you have these two things and you discipline yourself to always accumulate bitcoin with your discretionary income, you will have no problem holding your bitcoin investment for the long term.

It is certain that investment strategy never guarantees or increases the chances of success in investment. Your chances of success depend on how strategic you are in maintaining your investment. The most important thing in investment is to be long-term. Starting investment is very easy, just because you started investing does not mean that you will be successful in investment.

We should give the most importance to how we can maintain investment for a long time. Then we should give the most importance to achieving our goals. To maintain investment for a long time, you need a stable income that will provide you with prudent money for investment after regular daily expenses and keep your necessary backup funds ready. Emergency fund is one of the backup funds, which is essential for an investor to keep ready. Then you can create some funds as needed or keep a large amount of cash flow in reserve. Stable income helps you to be consistent in investment along with prudent money, which is important for an investor.

Stable income is the reason for the DCA strategy. The use of discretionary income makes it easier for you to scarcely think of your investments. Bitcoin investment is not a total get rich fast program. It's more of a way of investing your excesses to curtail unnecessary spendings. When you have invested the right way, you seem not to think about it and however allows you to invest for long.

Stable income is not the reason for an investor to adopt the DCA strategy when investing in Bitcoin. If you are investing in Bitcoin with either the DCA strategy, lump sum strategy, or buying the dip strategy, you need a stable income that will give you a discretionary income to invest in Bitcoin and also allow you to solve your daily expenses so that you won't have to run to sell your Bitcoin investment anytime you are in need, which will one day get you off the game, and you will be left with no Bitcoin in your disposal or self-custodial wallet. So having a stable income is one of the keys to a long-term investment in Bitcoin.