For those who are trying to invest in new real estate, it can be good to start investing with Bitcoin. When I first invested it was very difficult for me because I didn't understand about real estate investment at first so I invested all my money in Bitcoin.
It is a good initiative for you to start investing in Bitcoin instead of investing in real estate.The fact that you use the dollar cost averaging method to invest in Bitcoin is also an important step you take.This approach has made the journey of Bitcoin investment easier for all of us.In DCA method we can invest our bitcoin anytime and we have to plan to hold it for a long time.
Slowly. When I learned about investing, I started investing using DAC method without investing full money and gradually gained a lot of money.
By investing in Dollar Cost Averaging method one may not get good profit in short period of time it needs to hold for long time to get profit in this method. It was wise that you did not invest your entire money in Bitcoin because if you had invested your entire money you would have been forced to sell the investment when you needed the money. The advantage of investing in the DCA method is that we will gradually purchase bitcoins and hold them for a long period of time.
When we invest in Bitcoin we have to wait for a long time to get our profit.
You do not have to wait.. You can do whatever you want.
If you are recognizing that the value of the thing that you are investing in (bitcoin in this case) has decently good chances of appreciating in value greater than anything else, then you should have an incentive and appreciation to keep decent amount of your value in bitcoin.
So yeah.. pull your profits out whenever you like and it likely has consequences, which means that you probably should not be investing into bitcoin with money that you need in the short-to-medium term.
Of course it is frequently mentioned that if you get so much of your value in bitcoin, then it likely becomes practical to take some value out.. because you likely need the value to live off of, and also your BTC holding could grow to such proportions that it constitutes an overwhelming majority of any of your wealth.. and so surely, you would likely be needing to shave off some of the value for a variety of reasons.. whether consumption or investment related.
Most of all I feel hesitant to invest in Bitcoin because I know it is very safe to invest in Bitcoin.
That sentence makes no sense.. it is internally contradictory...
That's why I invest in Bitcoin most of the time. After some time I invest in Bitcoin.
Hopefully you are not over doing your investment.
Hopefully you are retaining enough money to live off of.
It's foolish to expect profit if we can't hold it for a long time, so I think if we invest in bitcoins, we should hold bitcoins for a long time.
Makes sense.. so hopefully you have figured out a system so that you don't have regrets regarding how much you are choosing to put into bitcoin.
Investing in DAC method becomes very safe and easy. I know many people who get salary at the end of the month, if they want, they can invest in bitcoins every month with a part of their salary. Thus if they invest and buy bitcoins every month with some money, we can call it investment in DAC method.
Fair enough.