There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.
If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.
You don't have to invest all your earned money to invest. You can invest slowly using the DCA strategy. If you continue your investment for a long time, weekly or monthly, you will see your investment become heavy and you can also prepare for your future now. Yes, you have to do it for the long term because if you invest all your money to invest in Bitcoin, on the one hand, you can sell Bitcoin to meet your sudden danger, on the other hand, you may fail to meet the basic needs of your family. As a result, you can sell Bitcoin, because Bitcoin is cheaper now than in the future. Because when you invest now, it may be your cheap investment because determining the price of Bitcoin is a challenge, but it is possible that anything can happen, such as the price of Bitcoin may increase, but when it happens, you will be disappointed because you gave up your investment because you failed to increase your awareness, so you build an emergency fund to invest, on the other hand, you can use the DCA strategy to meet the basic needs of your family and bring forward your small investment. Do it because it is good and effective for you.
Yeah, While it is important to have a rainy day fund, especially if you are living on a low income, Bitcoin purchases should never come at the expense of essential needs. This is why the DCA strategy is ideal for the approach, as you won't need to risk your daily security while making fairly steady progress with your investment. Small regular contributions can accumulate over a long period of time. Putting an emergency fund in place alongside regular investment into Bitcoin is the most sensible way to ensure you have the stability of the former and the wealth-building of the latter.