Bitcoin is all about taking advantage to invest and be profitable at it, this may come by any chance and at any time, for us to be an investor, we may not have to depend on having a discretionary income which some also called a fixed source, instead we can have one or two sources to the income being generated, then plan on the accumulation pattern for our asset and device a strategy to use like DCA, which could best be applicable as at when we are capable enough to buy and hold as the market dips and as we are having our income flow coming.
I disagree with this because it is precisely discretionary income that is quite important if we really want to invest so in the end this should still be considered if we really want to be quite comfortable in investing, especially in bitcoin. Discretionary income can provide flexibility in the end to invest because after all, when we really want to invest, it is clear that the basic needs we have and the monthly routine costs must be met first so that after that we can invest. If in the end we do not rely on discretionary income where can we make investments while we do not have discretionary income.
Doing this makes it a perfect and more convenient way to invest into bitcoin and hold, by using different strategic entry points for an investment and also strategizing on the perfect timing for us to invest on the asset and hold, mostly which is when the market dumps, then we buy to sell when it pumps.
Strategic entry point? For the long term I don't really think this is important because any point can be strategic to buy. So in the end when this is done even if there is a temporary increase or decrease we are still not burdened and waiting to buy because those who wait in the end they will always be left behind so instead of that happening then all points can be strategic to buy if our goal is for the long term.
As for when later after we buy but the price crashes then we only need to buy again when the decline occurs so there is no need to feel as if we are wrong in making a purchase.