we must be able to understand the reason why we should be a holder and for how long we can hold before selling, then anything that has to do with an emergency fund be dealt with separately without causing alterations to our investment, just try to scroll up on some pages to read more on emergency fund.
But for this we must maintain our investment for a long time as long as possible as a long-term investment. The main purpose of Bitcoin investment is to maintain it for a long time according to the DCA method, if you do not follow the DCA method then you will not be able to maintain your investment.
That is why in any situation only our plan should be given the highest priority, and there are some other things that we need to maintain our investment according to our ability. However, Bitcoin investment should be held for approximately ten years so that we can maintain the amount during the two bull markets.
The main purpose of each person's investment may be different. Many people invest so that when they are no longer able to work in their old age, they can live with some money from their investment, again many people invest to buy a car, etc. I think the main purpose of each person's investment may be different.
By adopting the DCA method, we can make our investment consistent, such as we can buy every week or month. Through the DCA method, we can buy almost all the prices. And if you continue to buy continuously, you will reach your investment target level very quickly. Waiting to buy DIP is never the right method. If you want, you can buy continuously by adopting the DCA method and when the market falls, you can buy DIP.
It’s realistic that everyone have different reasons why they make investments in Bitcoin, just like you have assumed that some fellows invest in Bitcoin as a retirement benefit, but everyone making an investment either in Bitcoin or something else might be doing that for profits and benefits, but in as much as we know all of this it is still important to have different source of income, like someone who is old and retired have a pension and some health insurance, so we might not necessarily rely on our Bitcoin investments to pay our expenses at old age, not withstanding that we would have to take our profits when we have gotten to level of over accumulation in our bitcoin portfolio.
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We adopt DCA method because it’s more of a favorable method for someone who is a low income investor, it’s quite more appreciated for us to invest and accumulate through DCA method as well, but that would necessarily not be the only method to continue investing and accumulating it we have money and having a higher source of income we can also invest more using lump sum which we can also try and front load our bitcoin portfolio.
I largely agree to most of what you said here except the bold words in your statement.
The dca accumulating strategy is not only suitable for low income earners, it's suitable for all including the rich because you will have to buy either weekly or monthly based on how much you can afford as a discretionary income at the end of the week or month, so you saying that it's for low income earners makes it looks as if it's mainly for the poor.
Even though people have different ways of understanding
particular statement Ithings i think you largely misunderstood what Jostern was actually saying he never said that the DCA strategy is ONLY suitable for low income earners rather he said that DCA strategy is more of a favourable method for someone who is a low income earners which i also agreed with him in the sense that a low income earners can be able to stack more bitcoin using the DCA strategy since it's a method of accumulating Bitcoin gradually with your little discretionary income either weekly or monthly because with out the DCA strategy it will be difficult for a low income earners to accumulate Bitcoin so this method has favoured them meanwhile they can only lump sum when they received a huge amount of money unexpectedly then they will have the opportunity to lump sum, i believe that's what Jostern meant and not the other way round.