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.
Well, Profitable too many enter with the short term profit hopes and get thrown out in the corrections of the market. The fact is that Bitcoin cycles are volatile and without patience one can easily make the mistake of selling at an opportune moment.
DCA is an effective technique since it eliminates emotion and develops discipline. Small amounts of this can be built up into a significant position in a few years. But as you have mentioned, it only makes sense when spending money you do not need on urgent things. Otherwise, you will be tempted to sell early.
I would also include that the examination of past halving cycles would put things into perspective. History knows that those who can stay and withstand the ups and downs are usually rewarded. Volatility usually wins over short term traders whereas long term holders usually win the greater rewards.