From what you've said,  I've finally started to see a bit of flexibility in long term investment in bitcoin, I normally used to think that our plans would be fixed in such a way that you cannot change your original plan until a particular time has reached, let's say I plan on investing 10% of my income into DCA and let's say another 15% into building my emergency and reserves since I am still a newbie investor and lests say ,  during the phase of my initial plan I happened to get an income raise of an extra 500$ on my initial 1000$ weekly income, I Is possible that instead of increasing my original plan, I might decide to rent a house for the sake of getting comfort or privacy or I might even decide to get an extra skill to enable me invest more into bitcoin. And I also believe that DCA I'd the best strategy for lo g term investment cause it offers a very flexible way of accumulating or investing in bitcoin that you can decide to change anytime based on your goals. Like during my earlier investment time, I had tried allocating different percentage for different weekly intervals based on price fluctuations and in a way that makes me feel I'm investing with a little precision, let's say my original plan of 10% in bitcoin weekly and they happen to be a dip on my next week, normally it's okay to lump sum and still DCA but in cases when I didn't plan ahead or haven't built enough emergency and reserves to take advantage of such conditions, I just chuck down my expenses a bit and increase my allocation to maybe 20% or 30% for that weeks dip and back to my original plan if the price goes back up, its all subject to change.

And now I feel I could play around my investment and plans in a way that since I do desire to accumulate a massive amount of bitcoin in my first 4 years, I would be able to adjust my plans and allocations maybe at a yearly interval depending on my progress in investing and any other condition I feel necessary to be meat that would give me a boost in achieving my goal faster, but I still feel If I remove all specifics with respect to time and goal I might not be able to calculate my progress in such a way that I would know if I am doing okay or if I am to improve and add other strategies.

Well it's true that everything carries its risk and we don't know what to expect from the market at any time, but this cannot be an excuse to gamble your asset in trading, I'm not saying is not profitable but its not worth it. What circumstances are you talking about that may affect once investment?, If you are referring to volatility, this is mostly temporary and if you are a long term holder, you would be sure that bitcoin would recover from any price fall, historically holders have been more successful than traders in bitcoin. Expecially if you are in early stages of accumulation don't let trading distract you with quick profits it offers, you might end up losing all your accumulation from fucking around.

You are really mixing things up here, short term investors are mostly interested in the volatility of bitcoin to make profits, its true that they mostly have this mentality of buying on dips and with bitcoin it might not favour them and the price ends up dipping even more and more and they might panic and sell at even a lower price or end up holding for even longer.

I think for a newbie getting these calculations right might be a difficult thing cause speaking from experience the best way for anyone to learn these strategies is to start doing them as soon as possible then on the process of doing so you would better start to the reasons for setting up each of them. Yes and it's also very important that we establish our income in such a way that we are very comfortable with investing in bitcoin and also so that we can take advantage of every Market condition that comes our way. And for a newbie I also think think as important as getting our income, emergency funds and reserves in place its also good we try not to fuck around with our holdings with risky practices like selling to get more bitcoin, cause the market can go against your favour and you would end up buying higher than you sold and also risky practices like trading, it's totally unwise to be rucking around your bitcoin especially in your early stage of accumulating bitcoin, our focus should be on regular and consistent DCA buying until maybe 2 years or 4 years before we decide to maybe go a little aggressive or start trying to be smart about our investment, maybe applying strategic selling to aquire more bitcoin but this should be done with only a minimal amount of our holdings like 10% if possible.

So then what is our approach as long term investors if we don't have any time frame in our mind for how long we would be holding or investing in bitcoin before we sell or start withdrawing, if we don't necessarily need to have a specific exit time, then what should we consider as our aim for holding, cause I do know that most persons approach investing in bitcoin with a profit making mindset and for a while in this thread I've been on the fact that long term holders(with our old definition as persons accumulate Bitcoin for a longer time frame) do have bigger benefits than short term holders for the many reasons we have also established.
If time frame or having a specific time I would stay as an investor or holder isn't what determines a long term holder what does?


This is true, a majority of persons approach bitcoin for the get rich part, which has become more famous over the years because of the endless testimonies of people, a majority is still yet to be educated about any other empowerment bitcoin offers, and I think this is also based on usability and adaptation, most people still buy bitcoin for the sake of profit even if on the long term, this seems to be the case for me too and that's why I became a little confused and asked what should be our approach to bitcoin as long term holders.

So I think from this, it's not really bad to sell a little bitcoin with the aim of getting more bitcoin, but this could also backfire at you if the price goes higher and then you've sold your bitcoin holdings and you would have to now buy at a higher rate.

Yeah I do understand that every market type has its risk and experience i would get from it, I never said I I a pro or too knowledgeable, neither did I read any of these online. These are my personal experience from my time in the market and I chose to share.

I get that I might not be too experienced but misleading, I don't think any of this would mislead anyone, these are real experience I've had, and I also do believe that there is someone who might be going through this same thing too.

Definitely not where, now this is very annoying when I see comments like this, just what I finished talking about last time, where did you find this thread on the B&H Or somewhere else, or you felt like saying something.

Yeah what your saying is true, many scam project come in such disguise, but not everyone would agree to this, so I think it's better we pick if it's a must. And it's our responsibility to guard ourselves against crypto scams.

This is a good idea, I must say, but I think it also has to be regulated, let newbies who don't understand what Spa post are or who can't identify ai generated post, to take advantage of this and cause more work on your side, unless your ready to do a serious review on your side too.

Even better I wont lie, I don't know what spam post are supposed to look like and if they are exception to what you are looking for, so better can someone fill me in or even better drop a link to a spam post so I can see and know what we are looking for.

This is a very good idea, at least it would help regulate the board, but why I think should also be regulated is so that some persons won't take advantage of it and misuse it, unless you are going to supervise those post before taking the necessary actions.
Thank you.

Indeed pm might be ignored, but a kind of warning must be issued in a way that it won't affect their accounts, cause you not considering new members who have little to no idea, been too strict on actions might also have negative impact on the board too, both sides should be considered, do proper wisdom can be applied. Bringing a solution I not all that matters,  proper applications should be considered.

Or instead this should apply to new post.




Would this post be considered a spam

https://bitcointalk.org/index.php?topic=5483284.msg63575419#msg63575419

This post is off topic, so are 80% of the post ive been seeing in the local board too

Thanks for your advice really helpful 👍, I guess I'll always expect stuff like this

Are you referring to DCA by accumulation system?, not bad but I think you could even triple your result with a little planning and learning. And if you've been this long in bitcoin, I guess i dont have matching experience to teach you but you can always learn from more experienced people on the BUY THE DIP AND HODL THREAD.


It's just like trying to catch a falling knife, most people wants to buy at the lowest entry point, and forget the fact that we can't really predict much about the market, in my case I set a target when I saw Bitcoin price falling, but it never reached my target and that's how I lost better opportunities to have bought at a low price, at 15k then, and I don't think bitcoin would be reaching such a low price in a very long time.

Blackrock etf value has reached 2 billion $ after bitcoin grows about 5% on Friday, and this suckeres think they could scare me to sell my bitcoin 😀, they will watch me buy instead




Sorry don't know how to reduce frame size, made this too bulky 😑

In the case of such person as he explained where salary is low, I don't think that even using 100% of salary to cater for the first months need would help, cause at the end of the day the next month would come with equal problems or even lesser or more still, and he would end up using the next months income to still cater for his needs, or a little would be left and he would invest that one for the next month as you said.

But what about the upper month, and the next and till he continues to be in that state of low income, I think this would really affect him cause his investment would be mostly inconsistent and he might not even be able to succeed as an investor cause emergency might also occur and he would have to cater for those too, and if this inconsistency continuities it might also lead to him starting to procastinate and giving excuses which could cripple his determination and goal, what I think is best for such individual if they must invest is to remove an allocation of 10% to build up for emergency first or divide that 10% for both DCA and emergency funds, so at least they have started and they would now see the need for a salary raise to boost their investment and manage the rest 90% for needs and expenses,  such person must also have a high discipline more than another investor starting with higher capital and comfort  to manage his cashflow and chunk some unnecessary expense out to help himself.

Cause I think so far in this thread we have come to agree that cashflow would also play an important role in one's plan to accumulate bitcoin, either a person of this level would be okay to do poorly untill he can grow his income or should not bother investing, cause he would always be at a state of emergency.

 While I'm not saying a person with low income cannot invest, I'm just establishing the fact that it would be too difficult for him to endure cause his progress would be slow, and his holdings would always be at risk to poor emergency funds and low cashflow, which are two major important factors we need to accumulate bitcoin successfully.


Yeah it might be easy to say but not in actual reality, the monthly income budget we are talking about here is 30$ which is relatively low considering the cost of living , so I won't like to call I easy for many reasons, one being that this person has no comfort at all if we are to add that he might me living independent and taking acre of himself, okay let's assume he uses 15$ for feeding and 5$ for all his transportation, then he pays bills for another 5$, all he has left as extra cash would be 5$ to save and to cater for any emergency, then what goes to bitcoin.

The only way for this to happen successful is to suffer one side of the expense to fill in for bitcoin which could affect him also if emergency occurs, let's imagine that all his emergency would be at his level, meaning his highest emergency could be at 5$, so u think his first best move is to build up emergency funds or if he must invest invest little In DCA and use a higher allocation to build up emergency and he must go for a higher income if he really plans on achieving much bitcoin.


Yeah saving money in fait is a bad idea 💡, and is not reliable cause fait doesn't hold value much, its a leaking bucket, but in this guys case, his problem isn't store of value, its investing and only an income raise can really save him. I consider his state of living an emergency itself.



Yeah I do agree with you, cause at the end of the day it all boils down to our investment approach and knowledge we have, even low earner can succeed as long as he knows how to go about it. DCA has continued to be the best option for beginners cause it does not only offer safety and comfort but it also gives users a chance to get acquitted to bitcoin and an opportunity to learn more. In fact its the only totally flexible pattern I know for now cause everything is subject to change, you can decide to be aggressive or even Conservative based on what and how you feel about the Market, you can easily see opportunities and take advantage of them. So far with DCA it's been a very good experience, I must say.

If you actually read through what I said then you would notice that this stuff are easy to come buy, there is never a place I claimed to be a pro or the longest term holder, as the title says "the lessons I've learnt" I never said the lessons everyone has learnt, Im only saying what I've experienced so far and I think any newbie that has been into crypto for at least 6 months should know this stuff.

And when I see comments like this I wonder if any of you are actually reading anything or just jumping straight to judgement, anyway typically what i expected. I'm not claiming to be too knowledgeable, just sharing experience, you can either believe or not.

I don't think so, I Don't have to go through 4 years to learn something as a holder although I might have really gone through a lot, but if you think I've learnt nothing for the past six to eight months, then you must be be joking, ive seen people quit after two months, for me to stay this long at least it requires discipline, a solid long term plan, and some experience, you can't expect me share all my transaction receipts to prove I hold bitcoin or have bought any, but at least, beign on this forum for a while now and the thread I engage in, should give you a tip.

So going around saying someone has to have four years of experience to learn stuff, is totally wrong bro, and I don't think your right. If you said something like your more advanced than me I would feel okay but saying I'm to young to share knowledge is same as saying a newbie can't teach anything. And moreover I'm not teaching or giving advice, just sharing my lessons learnt. And thanks for your comment. Helpful in a way.

But next time instead of criticising, teach me or show me what I've learnt wrong, instead of just saying shit and it's so annoying to see a legendry member of this forum behave like a full or senior member, at show that you have knowledge by saying helpful stuff to the thread instead of talking down on everything.

If they are underemployed or don't have enough to feed, I think investing in bitcoin would be too risky to them, We all know how the Market behaves, its up today and down tomorrow, we don't really know what to expect from it. And our goal here is to accumulate as much as we can so when the profits come, we would be on the better side. And I also believe that while some might buy bitcoin thinking they are investing, they might actually be gambling, in a situation where someone has bearly enough to feed or is underemployed, how does he plan keeping up with his investment, and I don't think he can save up for emergency cause in reality he situation is already an emergency, I think if there is someone like this, his first priority should be to find an extra job and get his finance in order before investing in bitcoin. If not he is gambling and not investing and the odds of him been a long term holder is super slim.


I understand you mean cashflow management, but someone who doesn't even have cash cannot plan shit, does he plan on borrowing to invest, like I said his first plan if investing in bitcoin is something he really needs to do is to get another job or raise his income, I think you must first survive before you can build. Simple logic 👌

Well I don't see any reason why someone who has no money to spare should think of investing, shouldn't he get an extra job or something, I get things are though but some though and unprepared decisions would put you in even thougher situations. Anyone can invest as long as they have good cashflow management and a source of income, but in this case where the income is really small, I think its better he start by building up funds by savings, maybe 3 months to six months of emergency funds before he thinks of allocating any amount to DCA, and if he really want to build a substantial amount of BTC holdings then he must increase his income, cause that income can only carry him that far.



Allocating 10$ isn't bad, but from your previous figure I think 10% of that should be 3$ and thus would be really small of he plans on building his emergency funds too. Not all humble beginnings are really wise, I don't think investing is the best advice for low earners, especially when they don't have any back up funds.

None taken, moving it right away 😌

During my early days as a bitcoin holder, I did face many challenges and learnt some new lessons along the way. Much improvement has been made and I also believe lots of new investors or potential investors who might want to start investing or are in their early stages can learn a lot too.


👉 I've learnt not to procastinate: around 2022 when I first wanted to start buying bitcoin, I was busy procrastinating on when to start investing in bitcoin cause I was waiting for the right opportunity and price that would be good for me to start investing, I would always find myself checking bitcoin price, reading blogs about speculations, I set a target that once bitcoin reaches 10K I would start buying and this never happened, I missed so many opportunities that was so nice to start, even when bitcoin reaches 15k dip on November 2022, I didn't still buy. This procrastination and waiting for the best price really dealt with me cause I did not later end up investing in bitcoin through out that year and that was a whole year that if I started DCA with even 5% from my income at that time would  have been a plus to my portfolio. So I've learnt that there is no perfect time to start investing in bitcoin, no matter the price of bitcoin you can start your investment journey, waiting would only cause to to wait more and miss opportunities that never come back.

👉Don't panic and apply discipline: during my early days as a bitcoin investor, I see the price of bitcoin fall lower than my buy point at times and my portfolio would seem as tho its On a loss, and at times this could end up happening for months or weeks and i would start to panic and end up selling my bitcoin and after a while bitcoin price would bounce back and I would end up regretting. After falling for this twice I made up my mind to be disciplined about holding bitcoin and I started building up reserves, so instead of panicking about dips, I started buying more on dips that way i felt comfortable that either way I'm still winning.

👉 Mind who you tell about your investment: there was a time i showed a friend of mine(very close) my bitcoin possessions, ever since then he would keep on asking me to sell some let's get something when ever we wanted to go out and if I refused, it would be as tho I don't want to give and most time he would just start telling me all the bad news about bitcoin and it was not very fun since he knew about my investment in bitcoin. Speaking from experience I think its not wise you tell people about your bitcoin holdings, unless you are taking investment advice from them and they are fellow holders like you, that is if you must.

👉I learnt how to manage my cashflow: prior to when I started investing in bitcoin, I saw it it important to have a good cashflow management character, i would just spend and live my life without calculating my expenses and at times I would spend money before removing my DCA allocations and this was bad because I could save, I was always in panic. I learnt how to manage my cashflow properly as I became more determined to really buy bitcoin and I became more strict with my DCA. I also started building up my emergency funds and reserves and I created a spending budget monthly that I must follow. It was hard at first tho since my former lifestyle required me to live like that cause we were more into the party life 🤭 and it also made me distance my self a bit from my old friends 🤧

👉 Always be comfortable with your investment allocation and strategy: when is started using DCA newly I used to be very aggressive , while this was not very bad, my approach was wrong. I used to pump money into bitcoin on intervals that were irregular and my allocations where also irregular. Any money I get or extra income I earned I would just pump into bitcoin and this caused me always find myself in situations where I would have to dip my hands back in my bitcoin to cover up some needs.

👉 Be among like minded individuals: taking investment advice or even telling no coiners or low coiners about my investment decision was the worst thign I did as an early investor, I was so many Reddit communities on bitcoin as a subject and when ever I say I'm DCAING into bitcoin, you would hear things like with the current price you would never make it to one bitcoin cause the price keeps rising, go and find another project and all that. This made me feel like I was the only  person around that was investing in bitcoin.

I really owe a lot to this forum for making it this far and finding a community where everyone is willing to help you out. I only grew thsi quick because of you guys .

Who else is optimistic about the halving as I am, it would be bitcoin birthday soon, hope your all buying now

Fuck Grayscale, God bless Grayscale for bringing the dip, bro with halving coming, we might not have or see bitcoin at this price range for a while and we don't know what to expect, just keep buying if you have the funds to do so.

So at the end of the day it's all on the approach and the amount invested In, but a newbie can still get there in two years if he uses his first year to relatively build momentum by building his emergency funds and reserves as he does his DCA. So that the next year he could do a major front loading for his investment, just like a pump.

There is nothing really wrong with allocating 30% of your income or even buying aggressively as long as you do have a good back up incase things go wrong or you run out of cash, DCA  doesn't have any fixed percentage to allocate and the intervals at which you buy is not fixed either, one can decide to allocate 50% of his salary to  weekly DCA  depending on how large the portion of bitcoin he aims to buy and the time interval he has chosen to achieve his goal as long as this person is comfortable doing it( by comfortable I mean a situation where by his emergency funds are in Check, his reserves are well defined and his cashflow and expenses have also been resolved or a situation where his allocations are small compared to his expense and income). And I believe the allocation a person decides to give to his DCA would differ for so many reasons.

1. How many bitcoin he plans on buying
2. The time at which he plans on achieving them
3. The size of his salary or income
4. If he has an already built reserve or emergency funds in savings before he started buying.

Given this senerios, a person X who earns about 10,000 dollars weekly and a person Y who earns about 7,000 dollars weekly both decide to get bitcoin and want to use it as a means to save up for retirement and X would retire in 5 years time while Y would retire in 3 years time. X has been a careless spender before and has really poor savings prior to the time he made this decision and Y despite earning lesser has a good cashflow management habit and has well built reserves in savings. X decides to allocate only 20% of his earnings to buying bitcoin because he aims at getting about 3 bitcoin or more and Y decides to allocate 60% of his earnings to bitcoin because he aims at getting about 7 bitcoin or more .  

Considering this factors are we going to say that Y is more aggressive than X, to me I would say no because they are both working as hard as they should to hit their target with the time they have and other factors like lifestyle could also affect this cause X despite earning higher could not allocate much to bitcoin cause he enjoys spending more and that 20% is what he calls comfortable and same with y. So they won't be anything like over allocation with respect to how much of your income you decide to invest as long as you are ready for accepting responsibility for your investment decision and you know you are okay doing so without been affected by it.



While it might be true, I also think an investor should be ready if things go wrong, cause given a case where he starts to invest and something unexpected happens at an early stage of investment, he might find himself in a difficult situation if his emergency funds and reserves are not well feed, what I prefer to advice is not to wait for your emergency funds to be ready to get all the cashflow done, just start but with very little and comfortable DCA that won't affect you at all like 5% and a minimal interval , then focus a bit more on building your emergency funds and reserves before you get more into DCA, this way if anything happens at an early stage dipping your hands I to your investment won't be an option cause you already have more savings than investment and you are well prepared this way.

I guess it's back to DCA, no big dip anymore🤧😭, Grayscale pls dump 2 billion GBTC if possible 😅😅



NOW WE WOULD BE SCREAMING 😱 TO THE MOON, FOR THOSE THAT BOUGHT THE DIP.

At times I wonder whats the dip, when my friend is just Starting withe the last dip of 35k and I bought even lower for 25k and I SCREAMING dip, what's the dip? 😅😅

Anything right under 40k is a dip for for me right now.

I BUY   I BUY   I BUY. As Grayscale keeps causing dips, I'm buying till I buy at the depth 😅 or I'm out of cash 💸 🤷‍♂️🙋‍♂️

This feel yummy 😋

As for me I don't want to know what I'd causing the dip, I'm just buying my bitcoin with DCA and a little lump sum, but I'm still waiting tho, cause I don't really know if we would have more dip or of the bear would come, so I won't be taking any aggressive action, but I'll continue with my DCA, besides whether I buy small or large quantities during the dip the major thing is I still bought with DCA.

What is a last dip. I don't really like to think like as tho there is a last or first in my bitcoin pursuit, I always feel approaching the market as tho something new could happen is the best, cause It help me to be prepared for anything since I'm not expecting anything, all I have are my income, emergency and reservations, strategies , my planned out senerios, and bitcoin price. That's all I see, I consider no other thing, cause we can't really have a sure prediction on bitcoin price or next movement.

Mostly weak holders would fall for this pre halving dip, I just feel its too tricky, cause why now, just after a little uptrend we start having a dip, and Grayscale just started dumping, I feel some really biggie woggle happening. But for me it's our advantage, nothing feels better than buying the dip 😋.