I just like the way you make your comments and speak your mind without sugarcoating anything and you stick to your plans and strategies. Truly all we’re discussing and repeating is how guys can accumulate bitcoin effectively and as each of us are different so also is our mental and financial capabilities. So one should study, learn, practice, plan and re-strategise to find out what works best for him and what suits his financial capabilities and stick to it.
Hearing your suggestions and opinion is always enlightening to me, even when you’re against popular opinion, I just know it comes from a place of experience and Knowledge. It’s always good to have different views on certain topics for a better learning.
If a person waits to invest, to study, to learn, to practice, to plan and to re-engineer before investing, then it will never be the right decision. Because a person needs to start investing first. It does not require much to start investing, if a person has basic knowledge about Bitcoin and a source of discretionary income, then that person can start investing. If a person waits to gain knowledge, then it will never be the right decision. You can learn everything after investing. So we never need much before investing.
Before investing, you must have your discretionary income and think about what Dollar Cost Average means, how it works and how to set it in your investment profile. If your income does not meet your basic needs, then you will not be able to maintain your investment in any way for a long time. So, if you want to invest in any asset or Bitcoin for the long term, you must have discretionary income and emergency backup funds, only then can you invest constantly, otherwise your financial flow will be lost in the middle of the investment and due to your needs, you will spend money from there and meet basic needs, which will ruin your investment. So your income should be used to meet your basic needs and if there is excess cash left every month or week, then you can invest that excess or remaining money in Bitcoin and you can set the DCA strategy in your profile and observe whether it is working properly.
Your goal should not be short-term profit, because if you look closely at the history of Bitcoin, you will see that those who have held on to Bitcoin with full confidence from history have been able to increase their wealth several times in the present. However, the price of Bitcoin may be cheap for you at the present time because the price of Bitcoin may increase greatly in the future and you may also profit, but there is no guarantee of this, on the other hand, none of us can determine the price of Bitcoin, but the future of Bitcoin is bright, it is better for you to choose a long-term path to invest.