We only have to think that by buying Bitcoin, we can achieve more success in the future. For this, we only have to think about buying Bitcoin, because we have to hold on to Bitcoin investment for a long time, thinking about how we will collect money and use that money to follow the DCA method weekly.
We will never think about selling Bitcoin investment, because of course, our biggest thing is to keep the DCA strategy in place and give maximum attention to Bitcoin investment. And of course, we need emergency funds and prudent income to recover from danger.
It's absolutely true, of course, we shouldn't overthink it. The most important thing is to focus on accumulating BTC. There's certainly potential for success if we can accumulate a lot of BTC and hold it long-term. However, we must continue accumulating BTC using the DCA technique using discretionary income. And of course, we must have strong patience, because it's certainly not easy to hold BTC long-term, as temptations are always present.
Yes it is most important to be focused on accumulating BTC and DCA does not just mean weekly purchases, and it will prevent us from making emotional decisions. However if we can accumulate a large amount of Bitcoin and its duration is up to two bull circles, then the investment will be able to shine. You are right that it
is's certainly not easy to maintain long-term investments, it may require a lot of patience even without emergency funds it would be potentially difficult to accumulate Bitcoin long-term. Perhaps
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However, if we have an emergency fund, we will certainly have the potential to remain calm when we face problems and we won't sell our BTC. So, in my opinion, the most important thing is that we invest in BTC only as a side business. If we do it as a side business, we will have peace of mind and will also be able to hold BTC for a long time, for example, over 10 years. And indeed, for those of us who are DCA, stay enthusiastic and continue seeking insights, don't let it stop. And yes, it's true that real-world income also needs to be increased.
Bitcoin is not a secure and regulated currency so the need for an emergency fund is to increase our chances of staying calm if we encounter problems. It is largely true that what an emergency fund ensures for everyone is that you don't have to sell your BTC at a loss even during a financial crisis,
Moreovermoreover I know that the impact of extreme market volatility is another unpleasant one, so this fund can help to deal with that.