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.
In investing, you should start from the present and not backward, and there is no such thing as the perfect time for Bitcoin, in which case you should use the DCA strategy to invest in Bitcoin and keep investing slowly. This will relieve you of challenges such as when to enter or exit the market if you invest mentally on a weekly basis, and on the other hand, you can become an experienced investor from your small investment.