Being overly optimistic about investing can cause problems for an investor later. For example, if a person is optimistic after investing that his investment will make $4 or $5 profit immediately after investing or if he thinks that his investment will never go down. If someone thinks like this, he will be forced to sell his investment later. Because when he sees a decline in the market, he will get scared and then he may decide to sell his investment..
This may be possible, because if someone invests $200, there may be a profit of $4-5 in a short period of time. Now if you expect to make such a quick profit you will not be a successful investor. If you expect profit soon after investing then it is not wrong to call you a trader, to be an investor you have to buy bitcoins and hold on for long term. Now it is normal for the market to fall, so don't despair here. If one is disappointed to see the market down, he will not be able to hold for a long time, and if he cannot hold for a long time, he will not be a successful investor.
Some people are very funny, imagine investing $200 and then getting $4-5 in a short period as profit, this doesn't make any sense because if someone can afford to invest $200 then what is $4 or $5 profit? This explains lack of understanding because how will someone risk $200 just to make this little profit and this set of investor always sells their investment when the price is going against their wish. Long time is always the key to every successful investment and is not like some Investors don't know or understand but they decide to go the wrong direction.
Imagine making a 2-3% gain in an investment and calling it a major profit, no wonder bitcoin traders are never successful, they cash out on something this small and they start acting like they completely understand the bitcoin market but the truth is that they understand nothing, an investor will most likely make at least 100% of their investment at the end of their investment period which can be around 10 years, even more if their investment stays for a longer period of time and the benefit of this is that they don't cash out on everything like a trader would, an investor will just cash out on a percentage of his/her profit and investment continues, this is what makes investing in bitcoin 100% better than trading in it.
This may be possible, because if someone invests $200, there may be a profit of $4-5 in a short period of time. Now if you expect to make such a quick profit you will not be a successful investor. If you expect profit soon after investing then it is not wrong to call you a trader, to be an investor you have to buy bitcoins and hold on for long term. Now it is normal for the market to fall, so don't despair here. If one is disappointed to see the market down, he will not be able to hold for a long time, and if he cannot hold for a long time, he will not be a successful investor.
If your capital is only $200 and you think that you have no other capital than this $200 that you will invest in Bitcoin, then you do not need to invest in Bitcoin.
Rather, you can buy Bitcoin with your ability every week or month. By doing this, you will see that your Bitcoin portfolio has become very long, which will provide you with financial security later.
Now, in order to achieve the desired profit from Bitcoin, you will have to invest on a weekly/monthly/annual basis.
Not all people have so much money that they can buy many Bitcoins at once and hold them for a long time, but if people buy Bitcoin from the income they earn every day, even if it is a small amount, then in time they will see that they have a good amount of sales.
Therefore, you should invest in the DCA method.
Investing in an annual based probably means saving up for months to invest at the end of the year, this doesn't make sense to me, instead of saving up for investing in bitcoin, why not just invest the money when you have it, delay in bitcoin investment is a financial mistake since you might end up spending that money in something else before the end of the year, the DCA is certainly the way to go but waiting for a year to do it just counts as procrastination to me and procrastination isn't the mindset of an investor.