Quote from: Gost ms on Today at 03:44:03 AM

Quote from: Bitcoin.com97 on June 03, 2025, 11:03:54 PM

Personally I really don’t think someone who is struggling to survive can go into investments, before going into Bitcoin investment one need to be financially stable, having a reliable source of income also support and help investment and one also Need to be prepared emotionally before investing into Bitcoin , having a clear picture that investing in a longer term is the goal ,and they must make sure daily needs are met with that it can help in market volatility, all this will contribute to the success of the long term investment .

It is very important for a person to have a stable source of income to invest. Instead of trying to buy a whole Bitcoin, a person adopts the DCA method which can be expensive, which allows us to buy small amounts every week or month or regularly, depending on our ability. This method allows us to invest quickly without waiting for financial stability, gradually builds our Bitcoin number over time and even helps us to average our purchase price, helping us reduce our risk. It is very important for us to have proper financial management. There are many people who invest but they can manage their money properly, which is why they often have to sell their holdings.

For example, if someone invests and spends a lot of money on it. If he spends more than his stable income, then he may end up in debt and have to sell his holdings. If you do not have an emergency fund ready, create an emergency fund in addition to your investment. Create an emergency fund equal to 3 times your stable income.

You have a good point but you are a bit confused or lack some right description of what you meant. The idea of DCA strategy doesn't make investing in bitcoin and expensive venture, infact, it makes it much easier to accumulate more bitcoin with less financial stress. DCA approach works best together with Discretionary income. Anyone that invests more than his stable income is either greedy or uninformed. It is not even advisable to invest all of your stable income into bitcoin to avoid stress. Emergency funds and backup funds are the key strength of holding your bitcoin stash. So you make provision for emergency funds and back up funds before investing in bitcoin. Emergency funds have no fixed amount, you only envisage what could sustain the period before your next income and then what is left is what you can willingly invest in bitcoin.

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You may be getting your readers a bit confused with your statement, I still wonder how the DCA strategy can be expensive and also allow us to accumulate Bitcoin gradually it seems you are missing up the whole thing all together, well Investing in bitcoin doesn't necessarily means that one must have a stable source of income before getting started and also the reason why DCA strategy is mostly adopted is because it doesn't require you to buy a whole bitcoin at ones but gradually little by little either weekly or monthly irrespective of bitcoin price using your discretionary income to accumulate and set up your emergency fund along your accumulation process it must no be before getting started.

It is almost impossible to buy one bitcoin at a goal by an average investor. Bitcoin accumulation by DCA is the only hope of most bitcoin investors that aim to achieve that feat someday. Bitcoin is an asset and just like every other investments, it can be built gradually, in a stress-free manner. All you have to do is, set your goals and maintain your DCA ways while also taking care of your responsibilities.