DCA using money that is free and untouched by primary needs is the safest way to hold bitcoin or other crypto for the long term. While buying coins we can monitor the market movements of other potential coins. This is what I've been doing all this time.
A lot of new investors ignore this, but one of the primary principles of cryptocurrency investments is to only invest the money that isn't supposed to be used for anything else which means that you shouldn't invest money that you need to use for something else in your life so that if you needed to hold the assets for longer than you might have expected, you shouldn't have any problems with that.
The method you are using is the perfect method, without a doubt, because if you are using money that is free from any obligation, you won't worry about how long the bear market gets or how much you might need to wait before you get some profit on your investment.
This would really be the #1 rule that you should really be having in mind when it comes on investing on crypto on which dont make yourself that believe that there's really a guarantee
when it comes to investments on which we do know that everything cant really be known whether it would really be making out such movement or not. Always consider about the risks
because this is something that will really be that having something on which this isnt really just that limited on crypto investment but also in other investment as well.
On the time that you do invest your life savings or emergency funds then you would really be having that kind of impulsive feeling from time to time.
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Topic: Don't buy bitcoin only because of FOMO (Read 10496 times)