It is true that sometimes it is better to invest into bitcoin a little bit less aggressively rather than making the mistake of not having enough money to cover your various expenses, and surely sometimes there are surprise expenses that might have had been difficult to detect in advance, yet if we are failing/refusing to make adequate preparations, we likely end up contributing to our own emergencies, since we likely need to have some cushion in our budget, especially if we are trying to be more aggressive in our bitcoin investing, we are likely ONLY in a solid place to be aggressive with our bitcoin in terms of our having already created some budget cushion that not only accounts for emergencies but also accounts for mistakes that we might make.. .and to test our own boundaries and even to figure out how far we might be able to push ourselves without over doing it, we likely need to practice and pay attention and even attempt to be honest with ourselves in regards to some of the risks that we might sometimes be taking when we push aggressively, which might well be signs that we are actually overdoing it, even if the situation does not end up imploding upon us.
Right, Before investing in Bitcoin, you should take the time to understand and plan your investment by keeping at least a one-year breakup fund. It can take at least four to five years for an investment to be successful. Over time, the desires and aspirations of every person and their position keep changing and during this change, several decisions have to be made. not all decisions of every person are always successful, but this is not the case. Many things can be lost from life through some wrong decisions. not only an emergency fund, but also a backup fund should be kept because only wrong people exist.
Since Bitcoin is expensive and risky, it is possible to reduce the risk by planning an investment using the DCA method. Just as money is needed to invest, a person needs willpower. It is not possible to invest in the DCA method only if you have money or desire. Anyone can invest in the DCA method, such as the upper class, lower class, and middle class. But for the lower and middle class, collecting Bitcoin using the DCA method is an easy way because you do not have to make big investment decisions, it becomes much easier to invest a certain amount of money every week or month, which reduces mental stress a lot. If a person follows the DCA and collects Bitcoin patiently four to five years, he can build strong financial security circle.