So, how to resist urge to invest my life savings into BTC, although via DCA-method? I would hodl BTC for 3-5 years and finally sell it for FIAT in order to hopefully buy a property, possibly without taking a loan.
Rule number one of investing in BTC is "don't invest more than you can afford to lose" and I would definitely not want to lose the majority of my life savings.
Then, I feel that my time horizon is too short. Given the BTC's volatility and common recommendations of this subreddit, anything below ~10 years of hodling is a pure gamble.
Finally, BTC can tank to (near) zero and never recover.
EDIT: my goal is that I would like to *try* to build such wealth that some day I might be able to buy an apartment without taking a loan. This could be possible only with BTC.
EDIT2: mid 30s age, no kids, no rent, no dept, fluctuating income (freelancer), emergency fund established
[link] [comments]

You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments