Your first Bitcoin goal should be consistency not big profit.

[EstherBtc]

Great post by the way, investments can be long and short termed.

A crypto newbie wishing to invest should bear at the back of their mind that bitcoin investment is long termed except they are into short term trading. Bitcoin investment is a long term investment that requires patience and deep understanding of what a decentralized system is. Do not use non discretionary funds to invest in crypto instead it is better to use money you have reserved for long term investment that way you wont be bother about immediate profit.

[Yorubek]

We enter Bitcoin investment with different goals or different purposes, but the successful ones are those whose goals and objectives are honest and suitable for investment. When someone's goal is to make as much profit as possible from investment, their goal or objective is not suitable for investment. Because Bitcoin is a very volatile asset where there is no guarantee of profit. Although there is some guarantee of profit in the long term, the course of Bitcoin in the short term is unknown to anyone. Therefore, if the price decreases or if you enter the market of dips, you are more likely to panic and there is more chance of loss. Create a savings goal and continue to invest consistently in the achievement that you can afford to invest.

Of course, there is a higher chance of losing money by investing in Bitcoin with a short-term plan because there is no confirm of making money quickly by investing in Bitcoin because Bitcoin is very volatile. Since the value of Bitcoin increases in the long term, an investor can enjoy all the opportunities that come from Bitcoin in the future by managing the investment with discipline with a long-term plan and holding it for a long time with confidence. However, if we start investing with the right knowledge and do not get disappointed quickly by see the volatility of the market, we use every opportunity correctly with confidence and wait for better times in the future, then long-term profit can be expected from Bitcoin.

[ASloveapg]

When starting out Bitcoin investment it is important to focus on consistency because this is what matters in the long run, instead of focusing on making huge profits it is advisable to be consistent and try as much as possible to maintain discipline. The reason why a lot of people end up falling for scam Bitcoin investments Is because they are quick to chase big profit forgetting that it is a process. But you cannot really change the mind of people because everyone has their own goals when it comes to Bitcoin investment.

There are many who see Bitcoin as a way to get rich quick rather than as a long-term asset, and that is where most mistakes start. In reality, Bitcoin is very risky in the short term, because it moves with great volatility, so it is never reasonable to expect much from Bitcoin in the short term. Those who have the ability to hold Bitcoin consistently and maintain discipline for years, are the ones who are likely to give the best results. However, not everyone's situation is the same, so not everyone is able to hold it, and for this reason not everyone can make a profit from Bitcoin.

[yixichloro2xx]

You made some important points. What I noticed about investors who see Bitcoin as a quick means to make money are often influenced from what they consumed online. We have a lot of so called Crypto influencers who does nothing apart from posting fake testimonies on profits made through Bitcoin. So when someone who doesn't have an idea on how Bitcoin works will believe these kinds of crap and carry that idea into Bitcoin. That's why alot of new investors quit because Bitcoin didn't perform to what they expected, so a lot of sell off their holdings. Bitcoin requires proper planning (in terms of financial and accumulating aspects), trying to learn more about bitcoin during their accumlating phase, good mindset, patience and discipline

[Agathamay]

When starting to invest in Bitcoin, many people think about profit. New investors think about how many days it will double or when to sell to get more profit or when is the right time to invest. A new investor should never have the goal of making big profits. He should think about creating consistency and investing for a long time.

Because if someone tries to chase profits after thinking about investing in Bitcoin for a long time, it means that he becomes like trading mentality even after investing. And if you invest with such thoughts, you will be forced to make wrong decisions during the volatility of Bitcoin's price. However, one thing to understand is that consistency does not mean that you have to buy with the same amount all the time. You should invest regularly from your discretionary income according to your cashflow. There is no problem if the amount is more or less or if the DCA is closed for some reason for a few days. Many people think that they will start investing when they can deposit a large amount. But a lot of time and opportunity is wasted in depositing that large amount. And if the price is very high at that time, many people do not want to invest anymore. But if they could invest in Bitcoin continuously with small amounts, then it would definitely be more logical.

The first thing a new investor should do is to fix his financial structure and then start investing in Bitcoin regularly by understanding his expenses. It is possible to maintain the continuity of investment for a long time by forming a backup fund and investing from discretionary income. And that increases the chances of an investor getting into a profitable position over time.

You have done a great job with your writing and nice one which I have some spare smerit, I would have blessed your work but I hope I do some other time when I get the merit and with that being said, I from my personal perspective, do believe that, the primary goal of DCA is consistency without being bothered of your purchasing power, the market condition and every other factor we can think of, and as an investor, especially a new investor, we shouldn't be bothered with how much you can buy at a time buy at a time but rather, we should be more concerned with how long we can hold the amoint that we already bought.

[Zorellian]

When starting out Bitcoin investment it is important to focus on consistency because this is what matters in the long run, instead of focusing on making huge profits it is advisable to be consistent and try as much as possible to maintain discipline. The reason why a lot of people end up falling for scam Bitcoin investments Is because they are quick to chase big profit forgetting that it is a process. But you cannot really change the mind of people because everyone has their own goals when it comes to Bitcoin investment.

There are many who see Bitcoin as a way to get rich quick rather than as a long-term asset, and that is where most mistakes start. In reality, Bitcoin is very risky in the short term, because it moves with great volatility, so it is never reasonable to expect much from Bitcoin in the short term. Those who have the ability to hold Bitcoin consistently and maintain discipline for years, are the ones who are likely to give the best results. However, not everyone's situation is the same, so not everyone is able to hold it, and for this reason not everyone can make a profit from Bitcoin.

Yeah that’s right, not everyone is disciplined to hold bitcoin for a long time process because of the situation they are into and try to sell the little they have. And is not destiny that is everyone will make profit or bitcoin will favour them like others, like you said holding bitcoin consists of discipline, consistency and patience, If not you will not see anything if you have the plan of holding it short period of time it will not favor you like he did the one that hold it for a long time.

[Merit_x]

Staying consistent while investing in bitcoin is very important, as someone who have been investing in bitcoin, I think it’s very very important and makes a lot of sense to try and stay consistent with your investments in bitcoin.

But some investors makes mistakes by not investing with consistency because they’re mostly interested in buying stocks and bitcoin without staying consistent, because they’re more profit oriented, which i think it’s a very terrible way to keep investing in bitcoin.

[Jaycoinz]

You made some important points. What I noticed about investors who see Bitcoin as a quick means to make money are often influenced from what they consumed online. We have a lot of so called Crypto influencers who does nothing apart from posting fake testimonies on profits made through Bitcoin. So when someone who doesn't have an idea on how Bitcoin works will believe these kinds of crap and carry that idea into Bitcoin. That's why alot of new investors quit because Bitcoin didn't perform to what they expected, so a lot of sell off their holdings. Bitcoin requires proper planning (in terms of financial and accumulating aspects), trying to learn more about bitcoin during their accumlating phase, good mindset, patience and discipline

Information is key and that's why it's important where you get your information, there are so many persons that have gone down the main of coming just for profits in their course of acquiring Bitcoin and that's because they actually started off with the idea that Bitcoin is some sort of get rich scheme that would make them millions over night without getting the right information about what's actually at stake with getting involved in Bitcoin investment. First of all Bitcoin investments is never a get rich scheme and this is where self research makes it so important.