Don't buy bitcoin only because of FOMO

[Gladitorcomeback]

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.

[milewilda]

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.

[pacar_tiri]

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.

That's right, we have to use money specifically for investing or trading. Never mix money used to buy living necessities and money for trading or investing. The importance of managing the finances we have is very useful so that our life becomes calm and makes us stressed when the money we have all goes into cryptocurrency but is stuck at high prices.

[Faisal2202]

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.

Well said dear, as we should only invest in which we can't be afraid to lose. Although I don't think in this world there would be a person who wants his/her money to be lost and won't be afraid to lose. But what this statement meant is the same as you mentioned. We should not invest with the money we are living on, we are going to face our expenses. If we have some savings, then IMO it would be wise to save them in the form of BTC.

But first, we have to consider the timing as well, i.e. if its already a bull market then it is idiotic to save funds in the form of BTC now. but if you are planning to save funds for a longer period of time like for the next halving, then you can proceed.

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.

Even if the money is free from obligations, the person can fall into some kind of stress or worry or maybe in some emergency as well. Which can require him/her to get more funds then he have saved in an emergency account. We can't predict the future completely and I hope we never have to face such emergencies.