I'm really sorry about that I know I spoke less in favour of lump sum, I use it strategically when I want to buy on dips and I didn't want to make such points least people start relying on only dip buys as an accumulation strategy knowing that it often leads to procrastination and indecision amongst younger investors.


Your very right about the discipline part, I think at which 3ver point you buy, what matters most is if you can hold till bitcoin starts doing well, and many new investors have not quite developed such mindset and would be more motivated when the overall losses on their is not quite much and DCA helps a lot to balance things out, cause you would be buying every trend, and if the price is bullish or bear you won't even care much since your just buying all the time, so I think newbies should approach with DCA than others.

And lump sum can also be used by new investors if they have the capability to handle the high risk that comes with investing with bitcoin due to volatility, especially when you don't plan to hold for long. But for long term holders, i think It doesn't matter much which strategy your using, but I think beign strategic is good to, who doesn't like having a good result from what their doing, especially investing.

Just like you said I think it's not very wise we start looking for withdrawal strategies on our early stage of accumulation especially when we haven't even gotten to our goal or the time frame we set. In his case he is doing this because he has over accumulated to a point that he can apply such strategies and we should also try to understand that it took years of experience to get there,  to play around with our Bitcoin would not be a good choice and would lead to regret, so it's better we stick to our plan and when we have been in the game for maybe longer than 10 years maximum and maybe 6-7 years minimum, we can start applying such strategies, which I my own opinion still needs a level of practice to get right.


I agree with you on this many people are busy waiting for the final dip forgetting that gone are those days that bitcoin would fall to price like 15k or even lower, even as this might still happen, who can predict the future of the market? .

The point here is that there is no right time to buy, and waiting for dips are pointless, from all we know any price lower than the last ATH Is a dip and a good opportunity to buy, while buying on dips might be profitable and good to take advantage of, its also good that we start our bitcoin journey at whatever price we find ourselves and start our accumulation journey.


IMO  I also think it's best for us especially newbies like me to focus mainly on using our DCA pattern to accumulate bitcoin since we don't have to bother much about market volatility and we know that we are planning to accumulate and hold bitcoin for the long run and not as short term investors that are after quick profits, and using the DCA method would also help get acquitted to the price changes in bitcoin without fear or panic and also help us to build patience and discipline as investors.

DCA means buying bitcoin at fixed or smaller amounts at a regular interval irrespective of the price and this means we don't need to bother about corrections, up trends or down trend as investors our major aim and focus is all about building our portfolio and also preparing for emergency that might cause us to tamper with our holdings and  also prepare opportunities that we might want to take advantage .


Trading is not a good practice and is seen as gambling, trying to predict the price or what would happen next is a play with uncertainty and is not a good practice to involve with your holdings. Bitcoin is not an asset to joke around with.

I think your quite right about what you said, peoles opinion would actually vary on preference and that's what i actually made this trend to find out those different opinion that people would have concerning the topic  and their possible reasons.

With respect to risk management I'm not very enlighten on that topic, i do know how to keep my bitcoin safe and how to stay safe from market volatility, what other risk would you be referring to?

Good Reply bro.

Okay First off, let me say that I'm not attempting to talk down on any accumulation strategies; in fact, I know they're both excellent and may produce positive results for anyone using them correctly on the appropriate asset.

However, in this instance, I'll start with lump sum because I want to really compare it against DCA as an accumulation strategy for bitcoin.

Purchasing an asset in full or a huge amount at once is known as lump sum investing. For example, if someone wanted to buy bitcoin right now, I would have to do so at the current price all at once, or I could have to make a sizable one-time payment all at once.


But what I think about this is that, its not a very good strategy to approach bitcoin with and I'll give my reasons for saying this.

👉Lump sum does not protect you from bitcoin high volatility and unpredictability.

Investing with lump sum in a highly volatile asset like bitcoin may not be a good idea, especially if you are a novice investor with little experience with high volatility. Just think of the people who were shocked by the price of bitcoin at its all-time high in 2021 and decided to invest lump sum, perhaps thinking it would rise in value or perhaps even hoping to hold their bitcoin for a year or two. Even now, the price of bitcoin is nowhere near their purchase price, and their portfolio may even be losing money; some of them may have even sold their bitcoin with great regret.

In order to use lump sum effectively, we must be well-versed in bitcoin and know how to time the market to buy at a lower price. The tricky part is figuring out the low price, though, as we all know that any given bitcoin could go up or down 10 times in a week. Timing the market, in my opinion, is likely to cause hesitation and even indecision, especially when trying to profit from bitcoin.

The only situation in which I believe a lump sum to have little to no negative impact is if you intend to hang onto it for an extended period of time. Even so, novice investors may still experience anxiety if they purchased at a high price and with a substantial quantity, since they may have to sell all of their possessions and incur a loss.
Additionally, it is advantageous if you wish to invest a large sum of money in bitcoin all at once but do not have a reliable source of income.


Let me now discuss Dollar Cost Averaging, or DCA for short. DCA involves making frequent, small-scale investments at regular intervals, independent of the asset's price. Instead of investing my entire $25k in bitcoin at once, if I wanted to employ DCA, I would split it up into smaller amounts and make my investments on a monthly basis. The beauty of DCA is that it is a beginner-friendly strategy that protects the investor from high market volatility because you would be buying at nearly every interval and market shift. All you need to know to get started is the fundamentals of bitcoin and how to buy.

But that doesn't mean it doesn't have a drawback. DCA can only shield you from volatility for as long as you use it or for the duration of the time you use it to purchase it. To use DCA effectively, you need to have a source of income and a long-term accumulation plan in order to amass significant amounts of bitcoin.

I have a few reasons of my own why I do prefer DCA

👉it's cost effective.
Anyone can start using DCA with even a minimum amount of 10$ per week and I do t need to have a huge amount of money to invest or buy bitcoin.

👉it's flexible.
During my time of using DCA I've at time Done some crazy stuff like investing a higher amount in a week cause of a certain price decrease and sometimes playing around with my allocations to suite certain conditions that I anticipated would happen. So as a newbie investor DCA would help you get acquitted to the market and help remove your fear of volatility. I know this practice is not pure DCA  but I just do it sometimes.

👉it helps grome a long term midset
DCA is the a strategy that supports long term investment the best, cause it teaches you to invest at your comfort and to build emergency funds and reserves and not to tamper with your holdings. With DCA  an investor has already set a long term goal because he feels that before he would have a substantial amount of bitcoin he would take some time to get there and by this he is already learning patience and discipline as an investor.

So in overall this are the advantages and challenges a lumps sum and DCA investor would have.

Advantages of Lump sum

👉Ideal for investors that have a high tolerance for risk and a long time horizon.

Advantages of DCA

👉Provides a disciplined approach to investing, reducing the impact of market volatility.

👉Beginner-friendly and does not require extensive market timing skills.

👉Allows for flexibility in adjusting investment amounts based on market conditions.

👉Encourages a long-term mindset and disciplined saving habits.



Challenges of DCA

👉Requires a steady source of income to maintain regular investments.

👉Might lead to lost chances to profit from notable price declines if not complemented by sporadic large-scale investments.

Challenges of lump sum

👉Exposes investors to the full volatility of Bitcoin, which can lead to significant losses if timed poorly.

👉Requires market timing skills, which can be challenging even for experienced investors.

👉May lead to regret and panic selling if prices decline shortly after investment.


So in my opinion lump sum is not the best strategy for this reason to me, mind you I do use lump sum, when I'm buying on dips, but I don't allocate much to it and my basic strategy is DCA which I consider the best for accumulation, if you think otherwise or have anything to point out to me I'm very much ears to listen 😎🥰.

Your making it sound  like DCA is a strategy that is used only by people without proper funds to buy bitcoin at once which is totally wrong, I can have enough funds to buy bitcoin and still decide to DCA because of the advantages it has over other strategies or preference, and we should not forget that we DCA to remove the panic and fear that comes with market volatility, not low budget, the only reason DCA has been said to be good for low income eaners is cause it allows them to split the total amount they should use to buy bitcoin at once into bits until they are able to aquire their desired bitcoin.

I can have up to 50k$ and I know I am fully able to purchase one whole bitcoin and decide to divide the money into 4 equal parts and buy Bitcoin, I can end up acquiring more bitcoin because of the volatility of the market and it becomes advantageous to me. And I also think another reason we prefer the DCA method is that, it supports holders more than any other strategy, cause if I had a dream to accumulate up to 10 bitcoins in 5 years and I had enough money to buy a whole bitcoin, i can chose to divide the money in parts and keep on buying in part so I could replenish the money and buy more, instead of just going for a lump sum at once.

I might not be right on this, but hear my opinion and what I've learnt so far l,  I dont think the problem here is selling our bitcoin to get more bitcoin, but it should not be on our list of strategies as eaely investors, cause when we are trying to be smart about thigns and trying to take advantage of volatility and this is just like trading or doing short term investment gambke with our holdings, we should know that we are taking a risk with our bitcoin and since our major objective is to hold bitcoin. But if someone has built a stash of at least up to 4 years, then using a little percentage of his holdings to sell and aquire more isnt that bad.

But in general taking risk like this is not guaranteed to give us positive outcomes and at times we could end up buying even more than we sold. So it's good that everyone should be careful and also accept responsibility for any risk taken with their Bitcoin holdings.


Your very right, the Temptation to sell is much higher with new investors than old investors, new investors can easily be swayed by little profits to sell their holdings, but I don't think this should stop anyone from continuing with their original plan even if they regret later, its normal for us to fail something in our journey, even many old investors would recall a time or two they messed around.

That's why the DCA method is good cause when you divide your allocations into bits and invest on intervals the pressure to sell would be lesser, and moreover I feel DCA also gives us a long term approach to investing, since our accumulation would only increase over time.

I agree with you on this, waiting for the dip is what is unwise here, cause buying the dip is good and would help accumulate more bitcoin and for a cheap price. But waiting for the dip as your only strategy is fucked up for many reasons and one of them to me is how would you know the dip and having to monitor the Market and chart all the time is not reasonable, from my opinion I think most persons that priotise only buying the dip are actually short term investors, else why would they be bothered about buying the dip.
As DCA investor and long term holders we don't have to worry about buying the dip cause we are always accumulating bitcoin no matter the price and if the dip comes we would also be one of the first to take advantage of it, cause instead of wondering where the last dip would be, rather we would DCA IN and end buying at all those profitable intervals.


Indeed the testimony is same for long term holders so far, trading requires much attention and knowledge to be profitable and the risk involved is too much, but we are not here to talk about trading,  DCA has proven to be a good and reliable strategy in accumulating bitcoin cause it is cost effective meaning as a newbie you can start at your level, it's also good cause it eliminates the pressure that comes with market volatility, with DCA all we have to do is remove a portion of our earnings to accumulate bitcoin and start buying, we do not even need to know too much, no rocket science here.

You're really off topic, @hewlet, when you compare holding to trading. Let me explain. Imagine that you buy a piece of land (I'm using land because it's the most relatable thing I can think of), you know its value, and you decide to stake it in the hopes of getting more land. Can you call that an investment or hodling? However, if you buy a piece of land and hold it until it increases in value, that is a good example of holding. They are not comparable and are two different entities. Anyone who trades or makes short-term investments is effectively betting on the likelihood that things will turn out well for him or not, and this is far riskier than actually owning bitcoin because, similar to land, bitcoin is more likely to yield profits over time rather than instantly unless something were to happen to the land or property. You don't go around betting on things like that; you have to realize that bitcoin is an asset and should be treated carefully.

And the reason we use the DCA strategy is that it allows us to accumulate Bitcoin over a longer period of time because it removes the anxiety and fear brought on by market volatility. Holding bitcoin simply refers to holding it for an extended period of time; in some cases, we even intend to hold it forever in the hopes of making even more profit. For example, if someone had been holding bitcoin for ten years or more and had been accumulating with DCA, he would have a sizable portfolio and his profits could even reach up to 20x for the much older coins he has purchased.

In this thread we are on the fact that holding Bitcoin profits more than any other practice you can engage in with bitcoin, be it trading or short term investment which are risky schemes and should not be indulged in.

For a while now, I just dey see this news about naira inflation and me I come dey reason how other other Nigerians wey no dey into crypto go use take survive this inflation, how are they going to store their value without having to bother about too much knowledge.

I know bitcoin would be the first option but many Nigerians don't know about bitcoin and even if they change to dollars its still suffering inflation too, wat do you think would be the fastest means that a common Nigerian man can store his monetary value.

Hello mate, seems your new here, firstly  DCA is not a method of holding but rather its a method of accumulating bitcoin. Let me explain what the DCA is,  it is a method that involves a consistent investment of a fixed amount of money into bitcoin at a regular interval despite the price of the asset. This method is good for newbies because it reduces the impact of market volatility and fluctuations on our portfolio.

And another reason why we prefer the dca method is cause its doesn't require much investment knowledge to start, so all you have to do is to plan the amount you are willing to allocate to buying bitcoin on a weekly or monthly basis and set your buys automatically or even manually, its so easy that even someone who is uneducated can use this strategy and still accumulate bitcoin, and you would be under any tension of having to watch you portfolio all the time, so as a newbie it's good since it eliminates pressure that comes with volatility.

There is not fixed allocation you can give to bitcoin, it all depends on you and which you feel comfortable doing based on your income, let's say you are earning 300$ every week and you decide to allocate only 10% of your income into bitcoin, that means every week you would be buying 30$ worth of bitcoin, and for a whole month you would be buying 120$ worth of bitcoin, you can chose to increase you allocation if you wish, but this I the basis if what DCA strategy is all about.

IMO we don't necessarily need to start from short term and change to  long term, although this happens to be the case for some investors who never knew the advantage of long term investment and the use of DCA strategy that eliminates the tension from checking the charts all the time to time our investment and deal with market volatility.

We can start with really small budget for our DCA making it cost friendly and we can also increase our budget as we continue to gain confidence and want to increase our portfolio. With DCA method making mistakes won't be such a big deal cause you can easily correct it, and also it gives us the flexibility to allocate our funds in building other necessary things like our emergency funds which would enable us not to dip our hands back in our investment and building up Good reserves and floats.

Let's look at an example of how DCA can help us accumulate bitcoin. Mr X, has a total income of 50000$ monthly and already has a habit of savings and preparing for emergency since before he started out his bitcoin journey , but he starts our late so has already defined that he wants to accumulate bitcoin for, and since he has a short time of 5 years to accumulate Let's say about a minimum of 8 bitcoin and he favours to use the DCA  strategy since he doesn't know how to use any other strategy, he decided to allocate about 50% of his income which is 25000$ for a month, he divdes them equally for 4 intervals for the month, let's also assume that the current bitcoin price during his first month of accumulation was 50000$ -45000$, and he ends up buying his first week at 49000$ for 6250$, he ends up accumulating about 12.7% for 0.127 bitcoin on his first week, and the next week the price of bitcoin dropped a little to 46,000$ and he buys again for 6250$ for 13.58% of bitcoin and he accumulates a total of 0.1358 bitcoins for the second week , and let's say the 3rd week he bought for 48,000$ for same allocation he buys about 13% for 0.132 bitcoins and the last week of the month he buys at 50,000$ for 6250$ for 0.125 bitcoins. His total bitcoin accumulated for the week would be 0.5198 bitcoin for an average price of 48, 250$ of bitcoin.

So that's how DCA works, like in my senerio he accumulates more bitcoin with DCA there could be other senerios where the price continues to rise per intervals and he won't accumulate as much or when price reduces and he accumulates even more.

Lots of shits on the Internet that can end up doing more harm than good, and most of all we can't unlearn some stuff. Better we do some real filter. But we must still find means to get good information for ourselves, else we would still be victims of ignorance.

You are correct when you say that having too many methods might really confuse beginners when it comes to making investments. They may try to overallocate without proper preparation, attempting to apply every strategy, or they may even become bogged down in deciding which is the best for them. Because of this, it's recommended that beginners begin with the DCA method. This is not only because it's simple to use, but also because it allows us to gain more knowledge quickly because it doesn't require chart monitoring and is very flexible, allowing you to customize your DCA purchases to suit your needs and your income for our own comfort.

In order to make better decisions, young investors should also prioritize learning and seeking out new information. While it may not always be clear to us why we are investing in bitcoin until we reach a particular point or perhaps even earlier, I am aware that knowing why we are doing so is a great motivator and will keep you motivated to keep holding since the time has come.

Even though it's still in its early stages, Bitcoin still has a lot of potential because nobody can predict what the next few years will bring. However, in order to be safe, once we have a certain amount of bitcoin holdings, we should try to diversify our portfolio by adding other more tangible investments, such as real estate, stocks, or bonds, or even starting a business. We would also try to balance our portfolio to avoid risking our income.

Sir I really do appreciate your effort in explaining this to me, I do feel there is a lot of practice I need to do in other to ask more in-depth questions 😊 and fully understand you better, and yes DCA would continue to be my best for now cause of the way I play around with it, it's so flexible and that's the reason I am able to understand some thing you teach, I can never neglect the place of emergency funds, reserves and floats cause just like DCA they are the backbone of every investment and are needed for our investment to reach a stage of maturity and expansion.
It is also true when you said about how I'm trying to rush things, but I also feel that I might not be feeling to well now because of my stach and hence want to accumulate more, but when my investment has gotten to 2-3 years of income allocated I would definitely start to feel good about, sharing your testimonial and how I've seen other people feel good about their holdings makes me want to even hold better and I can only say for now..... DCA would ever remain my beat strategy.

Sir what you've said is true, cause as I myself Continue to put to practice what you've taught I find out that at the end of the day I can only make decisions based on myself and despite the information and advice we get here only we ourselves can know what can work and would not.

Yes and we can't know everything from before we start until we have started and then those real experienced questions can be asked,  trying to figure out everything before starting would just cost you time and you might end up knowing nothing at all cause you haven't practiced, especially thigns like figuring out the best allocation to invest in bitcoin and the size of emergency funds we need to build. I'll say the best way to grow here is by practical and actually been involved I the journey as a holder, I've not even figured out what to use my holdings for when I've reached my 20 years target or why I am even doing this, but I'm just enjoying the learning process.


I think the best way for me to back up such a whimpy plan is to have another senerio that I would also invest in or put efforts in as you said if things go sideways, if I could remember correctly in your recent contributions here you once said something about putting our efforts in terms of odds of a senerio actually occurring and put our efforts likewise, like if it has a 1% chance of happening we also put 1% effort towards it, so we could take actions that are proportional to the possibility of thigns that could happen In a particular frame, so since in my case I'm think of front loading with expectations of a bullish that i feel would occur anytime soon, which might or may not happen, since we have known that everything happens based on probability.  

And this senerios I would be making this time are based on facts instead of my normal assumption senerio where I'm just preparing ahead of what might happen in the market, but since I'm still an early investor knowing my major aim is to accumulate more bitcoin than anything else, yet I just still feel taking advantage of the possibility that thigns might go bullish is not such a bad idea, but to be safe an not to FOMO I should have another senerio that would be backed by facts like the 2 more ups and 1 more down, but I think I have to take some time to learn about this first.

And also before now I didn't actually consider thigns like 4 year cycle history or bitcoin occurrence, and I think these are things I should consider too, and also keeping in mind that they are also possibility that they could reoccur and I can make senerio around them too.

I think anyone could build this up a little by chunking down our Monthly expenses more, I've tried living on a budget, but the only Pitfall is I have to retain myself for some enjoyment just to meet up with my investment


I agree with you, investing in bitcoin is not rocket science, even an uneducated person can do it and still be successful, its all about your ability to hold without selling out earlier or cause not panic, and that's why we need to know how to keep ourselves from such situations by building ourselves in a way that touching our bitcoin holdings is not an option and accumulating untill we have reaches the time we set before we maybe start adding more strategies.

One thign I am sure that we cannot neglect as crypto enthusiast is the our need to continually be informed and make good decisions, to be a part of a fast growing and information based space like ours(crypto space) does come with a responsibility that all of us must bear for ourselves and that is to seek knowledge.

As members of this community, relying on our past information would be very shortsighted of us especially when
Scammers are continually looking for new ways to compromise our security and get to us, sudden news can happen that can throw traders off balance or even make us holders to miss out on opportunities to buy cause we were ill informed. Just one wrong move, like clicking on a malicious link or ignoring critical news, can have very negative consequences. Also, the right information can lead to significant gains or safeguard your holdings.

It Is important and for our own good that we dopt a culture of continuous learning and upgrading our selves, by staying informed we would not only protect ourselves, but also increase our chances of success, there are countless reasons why making informed decision is good, but action on this solely is our responsibility and only we can make those decisions for ourselves, yes indeed the community is here to help you, but at times before you know it your already and victim. knowledge is power, and it's up to us to harness it for our benefit.

From this I start to see our Bitcoin accumulation journey as what someone should see as a steady growth in both knowledge and tactics, even our plan would change and become more flexible alongside our mind and emotions, we as holders are actually learning a skill that is going to mold our character into a more positive  person that can manage him our self to achieve any goal. I don't about others but for a while now I started to think in a certain kind of way that seemed logical and mature to me even as a young person, I don't spend my money anymore without doing some calculations, my decisions are been calculated.

I've done my reassessment and my focus now are just
1. I reduced my DCA intervals, I used to do once every week with 10% allocation, but now I just want to do 20% every 2 weeks and also increase the percentage going into mybsix months budget and savings to same 20% weekly while my emergency funds and reserves are being built with my original plan.
My reason for doing this is because since I've increased my senerio for a longer time range, and my best case for now is still when the price reduces, since I'm still very early in my accumulation process and would prefer to aquire more bitcoin now that to have a profiting portfolio, I want to use that huge budget after 6 months to improve my allocations in such a way that I would be only using DCA when they are dips and I would still aquire even more with this than using lump sums, I've already created different senerio of how this would play out, but I guess these are the changes I've made for now. It not fixed tho I'm still seeing what would be best for me and there is room for changes incase I see a better way within the next six months.



I don't think looking at the chart would affect our minds in any way, I myself look at the price everyday to see if things are going or the market is moving in the direction I had planned based on my senerio, at times to be aware of the price can be helpful, else how would you know when there is a dip to take advantage of, although I don't expect everyone to be good at handling their emotions.

What I'm saying here is we as holders should get to a point of trust in bitcoin as an asset and look as pitfalls as opportunity to gain more, I've planned out my senerios on how I would love the Market to go, and my best case still remains when there is a dip, I'm not sacred of dips, I'm more joyed at it, although I've not been long as a buyer but my passion still remains to aquire more.

As an early investor I don't think we should in anyway we bothered about the price of bitcoin in anyway, our main focus should be on accumulation then maybe after like 10 years for me but 4 years for others we can now start looking at making some profits and beign bothered about the price of bitcoin since we have at least had some major holdings in our portfolio or are somewhat close and feel we are now comfortable to play around a little with our buy sell orders and make some profits.

But as an early investor our major focus remains to hold and acquire more bitcoin, dips are to our advantage not a source of panic for us.

I don't think investing all your money into bitcoin would be the best idea no matter how you desire to own bitcoin because to properly hold your assets they must be a place of comfort and stability in what you are doing. It's been discussed several time here that comfort is one basic things we need to consider in order not to sell our assets, cause it would be unwise to later sell those assets because an emergency came up or you enter a state of panic because of lack of funds. I'll rather advice if the money he want to invest is huge, he can split it into two parts, like let's say he has a total of 5000$ worth of cash that he wants to invest, its preferable he splits the money into two parts and invests 2500$ with DCA while he divides the rest as emergency funds and to build up his reserves. This would  enable him have space to plan things out as he acquires more knowledge on bitcoin investment and also know how to set up more of his income into DCA. And if he does this rightly he is already at an advantage of having huge capital that can cover up for emergency funds and good reservations while he invests with comfort.

Hate by some cartel? That's new, never knew there are gang members on this forum too 😅😅😅, might as well broght their guns 🔫

Yes ns greed be the main thing and also ignorance too, cause as na online most people dey act out of ignorance, not knowing the repercussions of some actions, you go see person go actually dey sane send person wey em no know, no video call, no prove of him been real money, because of promise, so both ignorance and greed dey follow do this thing