It would be beneficial to collect Bitcoins gradually by making DCA purchases on a weekly or monthly basis. It will allow investors to minimize their dependence on the constant changes on the market. The frequency of such purchases depends on income, expenses, and plans of each person.
Still, one should never put future above the present. Emergency savings, necessary costs, and existing commitments must go first. Only investing money which people can leave in a reserve for a long period of time would be a reasonable thing to do.
What do you think? Is Bitcoin a worthy part of future savings or not?
I have a pension account which holds quite a large sum of money which i unfortunately cant access until i am at least 50 years of age, and the beautiful thing is, the pension firm loans that money out and i gain interest that is compounding overtime.
Many a night, i look at the price of bitcoin, i look at my pension account balance and wish the pension firm had the option of allowing their clients to convert their account balance to Bitcoin, which they still cant access until they are 50 years of age, i would have converted mine to bitcoin a long time ago without looking back.
For everyone that is working, running a business and saving money, it is very important to make Bitcoin part of your future savings, fiat like many of us already know is losing value and purchasing power every year, this is one downside of money that Bitcoin solves completely.
And let me say that bitcoin being a high volatile asset is more of an advantage rather than a disadvantage, one just have to learn how to turn this to their own advantage.
