I will be more interested to know that bitcoin investment is not guaranteed with profit, that is why it’s more sensible to understand that while investing in bitcoin we should aim for investing in a long term sustainable investment, which can actually help us to buy and accumulate bitcoin and hodl bitcoin for a long term, which will help us stand more chance of getting more successful bitcoin investment, I would understand when someone says profit isn’t guaranteed while investing in bitcoin, but instead it’s more profitable to invest in bitcoin for a long term investment goals.
To invest in Bitcoin for the long term, you must take some steps, for this you must follow the DCA method because Bitcoin investment is best and easiest to hold for a long time only through the DCA method. And to maintain Bitcoin investment for a long time, it definitely requires emergency funds and discretionary income, because the more you can invest in Bitcoin using the DCA method, the more you will save on your purchase price.
If you think about profit at the beginning of Bitcoin investment, then you will not be able to maintain your Bitcoin investment for a long time, so if you achieve a small benefit in the middle of Bitcoin investment, you can leave Bitcoin investment for profit. However, you should know that if you hold Bitcoin investment for a long time and wait, you will definitely be able to profit.
You are right, in fact, the strategy of investing by following the DCA method is much safer than any other type of investment. For those whose income is limited and some money is saved after a month, DCA is the most effective way to invest for them. And investing for a long time should be the main goal of all investors. Many people invest in the lump sum method, most of them have the main goal of buying Bitcoin in dips. They face many problems due to which they cannot continue investing for a long time. And if they invest by following DCA, there is no financial and mental pressure. The one who invests by following DCA will be able to buy Bitcoin when the price is low and high on average. In addition, if he forms an emergency fund and a reserve fund, then it is possible to continue this investment for a long time.