Hello, I am a new member in this forum. I need some help from you guys, basically I want to start investing in bitcoin, I just started researching cryptocurrency and bitcoin for 4 months, I researched the pros and cons of bitcoin. And after doing a lot of research on bitcoin holdings, I found out that long term holdings can yield huge profits from bitcoins. I read the history of Bitcoin, and learned about the potential of Bitcoin.
After all I know enough about Bitcoin I decide to invest in Bitcoin.
But I have two questions for you, which I would really appreciate and be grateful if you could know:
1) When should I invest in Bitcoin? And how can you get the most out of investing? I got some ideas about DCA, but don't know anything about DCA, so please tell me how to invest in Bitcoin to get the most profit and is DCA method really good?
2) How do I save my investing? What would be the safest way to store my assets? Self-Custody or Non-custodial?
1. Investing would really be that depending on you whether you would be making yourself going for long term or you would really be going for short term.
Lets speak about long term, then you wont really be that mattering much about DCA because every entry or buy would really be consider to be good since you would really be that
still aiming for long term but of course it cant really be denied that having that low entry would really be ideal on which profits could really be that able to maximize.
If you are really just that still new to crypto space and its investing then the ideal thing that should really be done is via holding. It would really be up to you whether you would really be
trying out to make those upgrades and making up some short term trades.
2. Non-custodial.. Always consider out on storing your coins on a wallet on which you do possess or own the keys on which simply means that you do have that full
control of your funds on which it is really that totally opposite when storing up your coins on an exchange. No matter how reputable they would but still making use of
exchange wallets for long term holds would really be just that suicide.