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Bitcoin Forum / Re: Is Bitcoin Too Expensive For Me?
« on: Today at 12:15:09 PM »Most of us cannot afford to invest large amounts of money anywhere because we don't have enough savings after covering the whole month's expenses with the salary we get. so the money we save after meeting our daily expenses is invested in other assets including Bitcoin. So it automatically follows our DCA method. So if we continue our investment like this regularly then we can gradually own a large amount of bitcoins in the future.Investment should be done after saving and daily necessities are fulfilled. If we have limited money and it is likely not enough for saving and basic necessities, we don't force ourselves to invest. Moreover, investing money in crypto is high risk and no guarantee for profits. Even we invest in Bitcoin, it is also still risky and no certain profit to be achieved. Sure, always use funds that we afford to lose. Never think to use funds that we use for basic necessities and saving.
DCA is a good strategy for the long term holding. It is also suitable for people who have limited funds. We can apply DCA on our Bitcoin investment if it looks suitable with our condition.