Just Got My First Job — Should I DCA Into Bitcoin Now or Study It First?
Hey everyone, so I just landed my first job and I’ll be starting university this September. I’ll be living at home with my parents for the next 3 years, so I don’t have to worry about rent or major living expenses. I’ve been hearing a lot about Bitcoin and I’m seriously thinking about dollar-cost averaging (DCA) every paycheck into it. Here’s the thing: I currently have zero knowledge about Bitcoin — I don’t fully understand how it works, its long-term value, or the risks involved. But I’m worried that if I wait too long to study it properly, the price will go up and I’ll miss the boat. So I’m torn between: Starting to DCA into Bitcoin now while I learn about it on the side, or Taking a few months to study and understand Bitcoin first before investing anything. What would you recommend for someone in my situation? Anyone else been in the same boat? Any resources you’d suggest for learning the fundamentals of Bitcoin? Appreciate any advice :) — trying to be smart with this opportunity submitted by /u/Main-Safe-7735 [link] [comments]
Hey everyone, so I just landed my first job and I’ll be starting university this September. I’ll be living at home with my parents for the next 3 years, so I don’t have to worry about rent or major living expenses. I’ve been hearing a lot about Bitcoin and I’m seriously thinking about dollar-cost averaging (DCA) every paycheck into it.
Here’s the thing: I currently have zero knowledge about Bitcoin — I don’t fully understand how it works, its long-term value, or the risks involved. But I’m worried that if I wait too long to study it properly, the price will go up and I’ll miss the boat.
So I’m torn between:
- Starting to DCA into Bitcoin now while I learn about it on the side, or
- Taking a few months to study and understand Bitcoin first before investing anything.
What would you recommend for someone in my situation? Anyone else been in the same boat? Any resources you’d suggest for learning the fundamentals of Bitcoin?
Appreciate any advice :) — trying to be smart with this opportunity
[link] [comments]
