Buy the DIP, and HODL!

[Sticky Bomb]

bro this thing you are saying I doubt if any anybody we have any money in hand that they don't need for 4 to 10 years not in this hard economy, what i was expecting you to say is that no matter what you are doing how much one is earning either weekly or monthly they should keep buying bitcoin and hold for long term, for that is the proper way of bitcoin investment.
What if you have $20,000 in hand and you can't afford to lose it in investing in bitcoin and you don't need the money for 4 to 10 years just as you said. what advice are you going advice give to such person, to invest or not to invest?
To me it's not all about investing the money you don't need for 4 to 10 years is how willing are you to take the risk because bitcoin is high risk high return which is 50 50.

According to your advice, all investors will be afraid to invest in Bitcoin, it becomes high risk, if you use the DCA method to reduce the risk, all Bitcoin investors will be able to invest. The deposited money may not be with many people, but according to the advice I will give, if you invest in Bitcoin, it will definitely double within four to ten years.
 Because if an investor invests in Bitcoin weekly for a long time following the DCA method, then his investment portfolio will definitely be much larger. If a low-income person invests in Bitcoin by following the DCA method for a long time, he will definitely succeed, it is very easy to convert small to large investments only if you know the techniques.

Although I'll be fast to acknowledge Bitcoin as a very low risk investment from it's nature and value potential, yet I'll not be supporting you in your assurance of multiplication of investment within that time frame.

Truth is, there's little or no guarantee on the profitability of your investment, yet investing into Bitcoin is a very fair gamble at securing your financial future. There's more added advantage to getting into Bitcoin investment like accurate cashflow management, increasing your financial intelligence and others. Those are also important life hacks that supports success and it's noteworthy.

Bitcoin is a good deal and getting into it is a good choice from my perspective, so we continue doing what we must hoping and that it would turn out profitable for us just like it's track history specified.

[Emjay24]

To my own knowledge on buy the Dip,and HODL.it has to do with investing buying Bitcoin and keeping it is one part,people feel is just buying Bitcoin and hodl.but on question to ask how patient are you to hodl.your patient might not be the same of mine.so it takes discipline on the highest other.and mind you you don't invest on Bitcoin with you all of what you have,cause you will definitely can not be patient.if am not mistaken I feel with my own experience investing in bitcion.is better you have some other  asset to fall to daily,and keep you mind lost out of your bitcion investment.And just stay and observe for as long a you can.

Since bitcoin is a long-term investment, before people invest their money in bitcoin, they should be able to figure out the amount of bitcoin they want to accumulate and how many years they intend to hold their bitcoin so that they will know how they can discipline themselves to accumulate bitcoin in such a way that they can easily hold their bitcoin for the long term without passing through difficult times to do that. It is even advisable for investors to invest in bitcoin with the money they will not need for 4-10 years or more or with the money they can afford to lose so that they will not depend on their bitcoin investment to survive since they won't be using the money that is meant to cover up for their living expenses to invest in bitcoin.

 bro this thing you are saying I doubt if any anybody we have any money in hand that they don't need for 4 to 10 years not in this hard economy, what i was expecting you to say is that no matter what you are doing how much one is earning either weekly or monthly they should keep buying bitcoin and hold for long term, for that is the proper way of bitcoin investment.
What if you have $20,000 in hand and you can't afford to lose it in investing in bitcoin and you don't need the money for 4 to 10 years just as you said. what advice are you going advice give to such person, to invest or not to invest?
To me it's not all about investing the money you don't need for 4 to 10 years is how willing are you to take the risk because bitcoin is high risk high return which is 50 50.

Are you for real? So you believe that an individual can not survive when something like 20% of his income is removed?

There are people who cannot survive because they are having a very low income, just as there are people who doesn't have discretionary income from their pay, while there are some that their income is hardly enough, yet if the person is willing to be a Bitcoin investor, then he has to work around his finances to be able to earn more in order to service his needs first and use the remainder(discretionary income) to start and follow-up his investment journey while building his backup funds alongside it to have a fruitful investment period.

If the investor doesn't have spare funds and forces himself to invest from very limited resources, it tends to become a problem for him when the needs he ignored becomes more pressing and he has to leech off his investment for survival. Every potential investor needs to take inventory of themselves before starting to know how much discretionary income available to them and how aggressive they can be without overdoing it in their accumulation journey.

[JayJuanGee]

[edited out]

  bro this thing you are saying I doubt if any anybody we have any money in hand that they don't need for 4 to 10 years not in this hard economy, what i was expecting you to say is that no matter what you are doing how much one is earning either weekly or monthly they should keep buying bitcoin and hold for long term, for that is the proper way of bitcoin investment.
What if you have $20,000 in hand and you can't afford to lose it in investing in bitcoin and you don't need the money for 4 to 10 years just as you said. what advice are you going advice give to such person, to invest or not to invest?
To me it's not all about investing the money you don't need for 4 to 10 years is how willing are you to take the risk because bitcoin is high risk high return which is 50 50.

You  seem a little lost Joy- maker.  You have $20k and you don't need it for 4-10 years, yet at the same time you are saying that you cannot afford to lose it.  Where you going to put it? You don't seem to know.  Also how come you cannot figure out your own timeline in the hypothetical?  Are you going to need it in 4 years?  or 10 years?  or you are not sure?  If you are not sure, then why?  do you have some kind of a health condition? or  age? or do you have some kind of purchase that you want to make? like a house?  and why 4-10 years?  how about more than 10 years?

When you invest into bitcoin, you have to be willing to acknowledge that you could lose up to 100% of the value that you put into bitcoin.  You could lose due to your own execution flaws or you could lose by the value of bitcoin not doing what you had expected.  If you cannot acknowledge the potential of losing up to 100%, then you should not be investing with any money that you cannot afford to lose.. so then if you define your $20k as not being able to afford to lose, then you are stuck without being to invest into bitcoin, and you may well be stuck in not being able to invest in anything? On nominal basis, you could put the $20k under your mattress, and then after 10 years, it may well be worth $3k or less in today's purchasing power.  Of course, you could maybe find  some low returning types of places that you are potentially going to put it and hope that it earns in value in terms of an interest rate that is greater than the amount that it is nearly guaranteed to lose in purchasing power, since in 10 years, that $20k is likely ONLY going to be worth around $3k or less in today's purchasing power.

Many of us bitcoiner's would put most, if not all of that $20k into bitcoin, especially since you said that you don't need it for 4-10 years, yet each of us would likely realize that we are not guaranteed to get the money back, so we might have to choose if we might put part of the money in other potentially inferior places and to dilute the $20k into inferior investments... and by the way, since you are giving the hypothetical, maybe it is better to specify for how long are we planning to invest, and surely we should be taking into  account all of our 9 individual factors when we invest into something like bitcoin, which is not easy from your hypothetical. Do we have an income also from your hypothetical? 

I personally prefer the idea of continuing to invest with DCA rather than just throwing a one time investment into bitcoin.  Even though with the  $20k we can still choose between lump sum, DCA and buying on dips with that amount, but if we also have an income, that might be good to know if we are also able to supplement with $100 per week, too. Each of us has to decide, and there is not one right answer, even though it seems to me that financially and/or psychologically you would be much better to put into bitcoin rather than either leaving in cash or putting somewhere else, but you have to figure out for yourself, and live with the consequences if you choose inferior places to put your $20k value because you might have unrealistic expectations in regards to what you supposedly believe that you need or that you don't need in your little fantasy world of 4-10 years or more from now.

[Cryptoprincess101]

To my own knowledge on buy the Dip,and HODL.it has to do with investing buying Bitcoin and keeping it is one part,people feel is just buying Bitcoin and hodl.but on question to ask how patient are you to hodl.your patient might not be the same of mine.so it takes discipline on the highest other.and mind you you don't invest on Bitcoin with you all of what you have,cause you will definitely can not be patient.if am not mistaken I feel with my own experience investing in bitcion.is better you have some other  asset to fall to daily,and keep you mind lost out of your bitcion investment.And just stay and observe for as long a you can.

Since bitcoin is a long-term investment, before people invest their money in bitcoin, they should be able to figure out the amount of bitcoin they want to accumulate and how many years they intend to hold their bitcoin so that they will know how they can discipline themselves to accumulate bitcoin in such a way that they can easily hold their bitcoin for the long term without passing through difficult times to do that. It is even advisable for investors to invest in bitcoin with the money they will not need for 4-10 years or more or with the money they can afford to lose so that they will not depend on their bitcoin investment to survive since they won't be using the money that is meant to cover up for their living expenses to invest in bitcoin.

  bro this thing you are saying I doubt if any anybody we have any money in hand that they don't need for 4 to 10 years not in this hard economy, what i was expecting you to say is that no matter what you are doing how much one is earning either weekly or monthly they should keep buying bitcoin and hold for long term, for that is the proper way of bitcoin investment.

I think you misunderstood what Mayor of ogba is saying, by stating that one need to invest with an amount they won't need in 4-10 years do not mean that they will invest all the money at once but by gradual accumulation using the DCA so it's not a onetime amount (lump sum) that he is talking about.

What if you have $20,000 in hand and you can't afford to lose it in investing in bitcoin and you don't need the money for 4 to 10 years just as you said. what advice are you going advice give to such person, to invest or not to invest?
To me it's not all about investing the money you don't need for 4 to 10 years is how willing are you to take the risk because bitcoin is high risk high return which is 50 50.

If you have $20,000 you can decide to lump sum but that's if it is your disposable income because you can't invest an amount that will become a problem to you tomorrow that is where investing within the level of your discretionary income is to be applied. Someone who has $20,000 that they won't need in 4-10 years and didn't invest it in bitcoin will be making the worst financial mistake of their life because no value will be added to that money in the next 4-10 years when it still remains in Fiats and inflation can make it become worthless by that time.
       I just have a feeling that you may indirectly be saying that people should invest on some shitcoins rather than bitcoin because we know that bitcoin is a risky coin but tagging it as a highly risky coin is what am still unable to digest because there are other coins that are more volatile and riskier than bitcoin so if we are to be afraid, it will be those coins and not bitcoin that has been recording progressive growth.

[Joy- maker]

I have gotten some nice knowledge concerning bitcoin investment in this thread and am still learning in the process 700 pages of bitcoin knowledge and still counting all thanks to JJG and other reputable fellow in this thread.
If you are a HODLer keep buying and hodling bitcoin if you are still procastinating on when to buy you can buy today if you have your discretionary income already starting buying and HODL you can begin with little amount and gradually increase according to the level of your discretionary using the DCA strategy.

Just buy bitcoin and HODL in summary.

Having what it takes to buy and hold is a different thing from not having what it takes to invest in Bitcoin, there are individual who has the money and all takes to invest in Bitcoin but they keep on procrastinating and these category of people I see them as unserious people because anyone who has all these... And is still procrastinating even if the person eventually start, they can not maintain their investment or hold for long because their knowledge or understand about Bitcoin is so myopic. In Bitcoin investment though having a discretionary income is good but it is not compulsory that you must have a discretionary income before you can be able to invest, you can actually start and make sure to set everything in order so that you don't get choked up and the truth is you can not have everything ready before investing but along the line things well fall into their right places and you can even increase your initial amount.

I totally disagree with you on this,  your investment in bitcoin should be coming from your discretionary income so that you won't need to dip hands into your bitcoin investment and also to be able to hold for 4 to 10yrs or longer as per your investment time line. So it will be wrong to invest an amount that will make you not be able to cover up your expenses.

I usually agree with this but at some point I have come to realise how much important investments is to me as a young man hence making investment seems to come first before another thing perhaps I would have to allocate a good percentage of my income into investment and whatever remains I would use to pay for my expenses however my personal expenses are not yet bigger than I can afford and I also still receive stipends from parents hence I seems to have come to the conclusion that discretionary income will only come to play when you have gotten a certain level of responsibility. Just my opinion.

your opinion is not that bad, but the most important thing you should settle first as a good investor that you are is your expense,  because there is no way you can make a good investment if you don't take care of your expense, and sett up an emergency fund to avoid been tempted to make a withdrawal if there is an emergency bill to settle.

[Joy- maker]

I quiet agree with you because the fact is that DCA knows kind of investment plans doesn't work for shitcoins because some of these coins the growth rate over a given period is very low so in terms of bringing back value on investment is not there so applying DCA to such investment will be wast of time

Actually the DCA method is always suitable for buying any asset in terms of investment, but it will be more useful if the method is only used on assets or coins that have been proven to be good like Bitcoin so that the steps we take are really useful in the long run. Because in general the method is to buy with the ability that we have so that it is not at all burdensome for us as buyers, but if we do it on coins that are not good, of course the method is useless because we apply it to the wrong assets. So just use the method in collecting Bitcoin and consider it a smarter investment step than our own life.

you can't just say that the DCA method is use to buy any asset you have to be specific bitcoin is what you should be using to site your example and not any asset, because  in this thread we don't discuss any asset only bitcoin so take note of this in case of next time.

[Churchillvv]

I have gotten some nice knowledge concerning bitcoin investment in this thread and am still learning in the process 700 pages of bitcoin knowledge and still counting all thanks to JJG and other reputable fellow in this thread.
If you are a HODLer keep buying and hodling bitcoin if you are still procastinating on when to buy you can buy today if you have your discretionary income already starting buying and HODL you can begin with little amount and gradually increase according to the level of your discretionary using the DCA strategy.

Just buy bitcoin and HODL in summary.

Having what it takes to buy and hold is a different thing from not having what it takes to invest in Bitcoin, there are individual who has the money and all takes to invest in Bitcoin but they keep on procrastinating and these category of people I see them as unserious people because anyone who has all these... And is still procrastinating even if the person eventually start, they can not maintain their investment or hold for long because their knowledge or understand about Bitcoin is so myopic. In Bitcoin investment though having a discretionary income is good but it is not compulsory that you must have a discretionary income before you can be able to invest, you can actually start and make sure to set everything in order so that you don't get choked up and the truth is you can not have everything ready before investing but along the line things well fall into their right places and you can even increase your initial amount.

I totally disagree with you on this,  your investment in bitcoin should be coming from your discretionary income so that you won't need to dip hands into your bitcoin investment and also to be able to hold for 4 to 10yrs or longer as per your investment time line. So it will be wrong to invest an amount that will make you not be able to cover up your expenses.

I usually agree with this but at some point I have come to realise how much important investments is to me as a young man hence making investment seems to come first before another thing perhaps I would have to allocate a good percentage of my income into investment and whatever remains I would use to pay for my expenses however my personal expenses are not yet bigger than I can afford and I also still receive stipends from parents hence I seems to have come to the conclusion that discretionary income will only come to play when you have gotten a certain level of responsibility. Just my opinion.

your opinion is not that bad, but the most important thing you should settle first as a good investor that you are is your expense,  because there is no way you can make a good investment if you don't take care of your expense, and sett up an emergency fund to avoid been tempted to make a withdrawal if there is an emergency bill to settle.

Of course my expenses are always considered first before making investment yet I seems to find myself to be way too young amongst many folks here so I tend to still depend on my parents as I'm still very young however with this I have almost all my earnings or income to be in the part of discretionary income hence I buy more bitcoin considering investments as most important over my personal desires or expenses as you may consider it.

If one finds him or her self in a state where you do not take care of all your needs your incomes will happen to be a big part of the discretionary income because your expenses are way lesser hence I choose to make investment now by buying much bitcoin as I can, by the time I will be due for self care I will probably have lesser worry to buy bitcoin because I would be far ahead of my mates.

[Proty]

To my own knowledge on buy the Dip,and HODL.it has to do with investing buying Bitcoin and keeping it is one part,people feel is just buying Bitcoin and hodl.but on question to ask how patient are you to hodl.your patient might not be the same of mine.so it takes discipline on the highest other.and mind you you don't invest on Bitcoin with you all of what you have,cause you will definitely can not be patient.if am not mistaken I feel with my own experience investing in bitcion.is better you have some other  asset to fall to daily,and keep you mind lost out of your bitcion investment.And just stay and observe for as long a you can.

Since bitcoin is a long-term investment, before people invest their money in bitcoin, they should be able to figure out the amount of bitcoin they want to accumulate and how many years they intend to hold their bitcoin so that they will know how they can discipline themselves to accumulate bitcoin in such a way that they can easily hold their bitcoin for the long term without passing through difficult times to do that. It is even advisable for investors to invest in bitcoin with the money they will not need for 4-10 years or more or with the money they can afford to lose so that they will not depend on their bitcoin investment to survive since they won't be using the money that is meant to cover up for their living expenses to invest in bitcoin.

 bro this thing you are saying I doubt if any anybody we have any money in hand that they don't need for 4 to 10 years not in this hard economy, what i was expecting you to say is that no matter what you are doing how much one is earning either weekly or monthly they should keep buying bitcoin and hold for long term, for that is the proper way of bitcoin investment.
What if you have $20,000 in hand and you can't afford to lose it in investing in bitcoin and you don't need the money for 4 to 10 years just as you said. what advice are you going advice give to such person, to invest or not to invest?
To me it's not all about investing the money you don't need for 4 to 10 years is how willing are you to take the risk because bitcoin is high risk high return which is 50 50.

Are you for real? So you believe that an individual can not survive when something like 20% of his income is removed?

There are people who cannot survive because they are having a very low income, just as there are people who doesn't have discretionary income from their pay, while there are some that their income is hardly enough, yet if the person is willing to be a Bitcoin investor, then he has to work around his finances to be able to earn more in order to service his needs first and use the remainder(discretionary income) to start and follow-up his investment journey while building his backup funds alongside it to have a fruitful investment period.

If the investor doesn't have spare funds and forces himself to invest from very limited resources, it tends to become a problem for him when the needs he ignored becomes more pressing and he has to leech off his investment for survival. Every potential investor needs to take inventory of themselves before starting to know how much discretionary income available to them and how aggressive they can be without overdoing it in their accumulation journey.

Well as long as you have discretionary income you are good to start investing in bitcoin, no matter how small your discretionary income is, even if it is $10 so longer as you will not be needing this money for a long time you are good to start your investment in bitcoin. There are people that have this mindset of working on their finances before they can start their accumulation journey in bitcoin. You can be accumulating bitcoin and the same time while working on your finances as long as you have discretionary income. There are some money we spend on unnecessary items, like those that form the habit of drinking, smoking we can channel this money into our bitcoin investment.

[Joy- maker]

I agree with you, it is very important for every investor to adopt the right strategy in Bitcoin investment. If you want to profit from Bitcoin investment, you must maintain patience. You cannot be successful just by investing, you have to manage the investment properly.
And we know that the only best method in Bitcoin investment is the DCA method. However, you will get effective results from the DCA method only when you keep DCA continuous for the next 10 years or the next 3 cycles.
Because Bitcoin is a volatile currency, even if it fluctuates a lot in the short term, it has a high probability of being valuable in the long term. That is why investors must be patient enough and follow DCA continuously, only then will there be a high probability of getting very good results from Bitcoin.

It is easy for every investor to start investing, but it is very difficult to actually maintain your investment for a long time. Basically investors face a lot of challenges after starting the investment which sometimes leads to selling their investments even in reluctant terms. If an investor cannot hold his investment for a certain period of time after making the investment then I would say that the investment is worthless. Even if an investor adopts the DCA investment strategy in terms of investment, the investor should adopt certain strategies in making this investment permanent. For example, the amount of money that the investor will regularly spend for investment, he should keep some amount of money left over so that he can meet his needs with the remaining money when he has financial needs. But he will not need to sell his investment when he has the remaining money. Those who can invest in this way actually have permanent investments.

it is not difficult to maintain your investment for a long period time, yes it's a normal thing for an  investor to face some challenges that's why it is advisable to invest  with your left over cash (discretionary income) after settling your expense, because if  you want to invest in BTC to  hold it for long period of time you have to first of all settle you needs as human you should feel the value of needs, also have an emergency fund and other sources of income it we help you to maintain your investment for a long period of time without being tempted to sell them off in short term.

[sotelorene]

I agree with you, it is very important for every investor to adopt the right strategy in Bitcoin investment. If you want to profit from Bitcoin investment, you must maintain patience. You cannot be successful just by investing, you have to manage the investment properly.
And we know that the only best method in Bitcoin investment is the DCA method. However, you will get effective results from the DCA method only when you keep DCA continuous for the next 10 years or the next 3 cycles.
Because Bitcoin is a volatile currency, even if it fluctuates a lot in the short term, it has a high probability of being valuable in the long term. That is why investors must be patient enough and follow DCA continuously, only then will there be a high probability of getting very good results from Bitcoin.

It is easy for every investor to start investing, but it is very difficult to actually maintain your investment for a long time. Basically investors face a lot of challenges after starting the investment which sometimes leads to selling their investments even in reluctant terms. If an investor cannot hold his investment for a certain period of time after making the investment then I would say that the investment is worthless. Even if an investor adopts the DCA investment strategy in terms of investment, the investor should adopt certain strategies in making this investment permanent. For example, the amount of money that the investor will regularly spend for investment, he should keep some amount of money left over so that he can meet his needs with the remaining money when he has financial needs. But he will not need to sell his investment when he has the remaining money. Those who can invest in this way actually have permanent investments.

it is not difficult to maintain your investment for a long period time, yes it's a normal thing for an  investor to face some challenges that's why it is advisable to invest  with your left over cash (discretionary income) after settling your expense, because if  you want to invest in BTC to  hold it for long period of time you have to first of all settle you needs as human you should feel the value of needs, also have an emergency fund and other sources of income it we help you to maintain your investment for a long period of time without being tempted to sell them off in short term.

I totally agree with you, investing in Bitcoin is not actually difficult provided one has kept his or her discretionary and have a consistent and management skill because there are people who have the discretionary but they are not consistent  and they lack the management skill and having discretionary and not been consistent is very bad because your portfolio will not grow the way it is suppose to..., Bitcoin investment is not all roses so we should be prepared for anything that will or may come up as an Obstacle so that we can be able to know how to scale through it and the ability for an investor to scale  through a particular challenge will give him or her an insights on what to do next time such or similar thing comes up.

[john_egbert]

I totally agree with you, investing in Bitcoin is not actually difficult provided one has kept his or her discretionary and have a consistent and management skill because there are people who have the discretionary but they are not consistent  and they lack the management skill and having discretionary and not been consistent is very bad because your portfolio will not grow the way it is suppose to..., Bitcoin investment is not all roses so we should be prepared for anything that will or may come up as an Obstacle so that we can be able to know how to scale through it and the ability for an investor to scale  through a particular challenge will give him or her an insights on what to do next time such or similar thing comes up.

With BTC, there is nothing to worry about scale-wise. Just accumulate more consistently, hodl appropriately, and forget about the rest, don't overthink it.

[Rockstarguy]

I agree with you, it is very important for every investor to adopt the right strategy in Bitcoin investment. If you want to profit from Bitcoin investment, you must maintain patience. You cannot be successful just by investing, you have to manage the investment properly.
And we know that the only best method in Bitcoin investment is the DCA method. However, you will get effective results from the DCA method only when you keep DCA continuous for the next 10 years or the next 3 cycles.
Because Bitcoin is a volatile currency, even if it fluctuates a lot in the short term, it has a high probability of being valuable in the long term. That is why investors must be patient enough and follow DCA continuously, only then will there be a high probability of getting very good results from Bitcoin.

It is easy for every investor to start investing, but it is very difficult to actually maintain your investment for a long time. Basically investors face a lot of challenges after starting the investment which sometimes leads to selling their investments even in reluctant terms. If an investor cannot hold his investment for a certain period of time after making the investment then I would say that the investment is worthless. Even if an investor adopts the DCA investment strategy in terms of investment, the investor should adopt certain strategies in making this investment permanent. For example, the amount of money that the investor will regularly spend for investment, he should keep some amount of money left over so that he can meet his needs with the remaining money when he has financial needs. But he will not need to sell his investment when he has the remaining money. Those who can invest in this way actually have permanent investments.

There are always challenges and for sure emergency will occur. That is why it is always advisable for investors to invest with the amount they can afford, this is after money for emergency and other expenses are set aside. Challenges shouldn't be a reason why people would find it difficult to invest in bitcoin. Nobody is free from challenges in life but with good planning on finance it is still possible for anyone to into investment and one interesting thing about bitcoin investment, the amount you can comfortably afford to invest is good enough so far as you are consistent in accumulating. It is not the amount that matters in bitcoin investment but how consistent in accumulating,  it is what matters most.

One of the reasons of DCA method of investing is to be able to invest comfortably even with challenges to accumulate some amount of Bitcoin.

[Stormisover]

I agree with you, it is very important for every investor to adopt the right strategy in Bitcoin investment. If you want to profit from Bitcoin investment, you must maintain patience. You cannot be successful just by investing, you have to manage the investment properly.
And we know that the only best method in Bitcoin investment is the DCA method. However, you will get effective results from the DCA method only when you keep DCA continuous for the next 10 years or the next 3 cycles.
Because Bitcoin is a volatile currency, even if it fluctuates a lot in the short term, it has a high probability of being valuable in the long term. That is why investors must be patient enough and follow DCA continuously, only then will there be a high probability of getting very good results from Bitcoin.

It is easy for every investor to start investing, but it is very difficult to actually maintain your investment for a long time. Basically investors face a lot of challenges after starting the investment which sometimes leads to selling their investments even in reluctant terms. If an investor cannot hold his investment for a certain period of time after making the investment then I would say that the investment is worthless. Even if an investor adopts the DCA investment strategy in terms of investment, the investor should adopt certain strategies in making this investment permanent. For example, the amount of money that the investor will regularly spend for investment, he should keep some amount of money left over so that he can meet his needs with the remaining money when he has financial needs. But he will not need to sell his investment when he has the remaining money. Those who can invest in this way actually have permanent investments.

There are always challenges and for sure emergency will occur. That is why it is always advisable for investors to invest with the amount they can afford, this is after money for emergency and other expenses are set aside. Challenges shouldn't be a reason why people would find it difficult to invest in bitcoin. Nobody is free from challenges in life but with good planning on finance it is still possible for anyone to into investment and one interesting thing about bitcoin investment, the amount you can comfortably afford to invest is good enough so far as you are consistent in accumulating. It is not the amount that matters in bitcoin investment but how consistent in accumulating,  it is what matters most.

One of the reasons of DCA method of investing is to be able to invest comfortably even with challenges to accumulate some amount of Bitcoin.

In my observations, I don't really think there is any logic about investing in Bitcoin, the serenity of the environment is not logical in the sense that it is compulsive that there must be a discretionary income that is a left over cash to be used after meeting basic needs, there is no need struggling to invest when there is no left over cash. Encouraging ourselves to invest with as little as left over cash we have while working on our finances is just the best.

[Gallar]

I agree with you, it is very important for every investor to adopt the right strategy in Bitcoin investment. If you want to profit from Bitcoin investment, you must maintain patience. You cannot be successful just by investing, you have to manage the investment properly.
And we know that the only best method in Bitcoin investment is the DCA method. However, you will get effective results from the DCA method only when you keep DCA continuous for the next 10 years or the next 3 cycles.
Because Bitcoin is a volatile currency, even if it fluctuates a lot in the short term, it has a high probability of being valuable in the long term. That is why investors must be patient enough and follow DCA continuously, only then will there be a high probability of getting very good results from Bitcoin.

It is easy for every investor to start investing, but it is very difficult to actually maintain your investment for a long time. Basically investors face a lot of challenges after starting the investment which sometimes leads to selling their investments even in reluctant terms. If an investor cannot hold his investment for a certain period of time after making the investment then I would say that the investment is worthless. Even if an investor adopts the DCA investment strategy in terms of investment, the investor should adopt certain strategies in making this investment permanent. For example, the amount of money that the investor will regularly spend for investment, he should keep some amount of money left over so that he can meet his needs with the remaining money when he has financial needs. But he will not need to sell his investment when he has the remaining money. Those who can invest in this way actually have permanent investments.

it is not difficult to maintain your investment for a long period time, yes it's a normal thing for an  investor to face some challenges that's why it is advisable to invest  with your left over cash (discretionary income) after settling your expense, because if  you want to invest in BTC to  hold it for long period of time you have to first of all settle you needs as human you should feel the value of needs, also have an emergency fund and other sources of income it we help you to maintain your investment for a long period of time without being tempted to sell them off in short term.

In an investment there are bound to be obstacles, both from a mental and financial perspective. Because sometimes we can't avoid a problem, because we are only ordinary people who can only plan. Regardless of the bad situation, sometimes even having an emergency fund still won't solve the problems you are facing. Because the money needed for urgent needs may exceed the emergency funds we have. For this reason, the only way to cover this urgent need is to sell existing assets, namely bitcoin. Then, mental obstacles will certainly be quite heavy if they happen to us when we are carrying out our investment.

Like being impatient when you see the price of bitcoin going down, and finally selling the bitcoin because you are afraid it will go down further. Or you can't wait to sell your bitcoin because you have already made a small profit. For some investors who cannot control their patience well, these two things will certainly feel very difficult to overcome. That's why when we invest, like it or not, we have to have a stable income, we have to have a strong mentality and we also have to have an emergency fund that continues to be added every month. Because if, for example, from the start we invested in Bitcoin, the nominal amount of the emergency fund we had was not increased, I think this would be an inappropriate action. Because as I said above, this aims to take care of when there is an urgent need that requires a lot of money.

[martinex]

In my observations, I don't really think there is any logic about investing in Bitcoin, the serenity of the environment is not logical in the sense that it is compulsive that there must be a discretionary income that is a left over cash to be used after meeting basic needs, there is no need struggling to invest when there is no left over cash. Encouraging ourselves to invest with as little as left over cash we have while working on our finances is just the best.

If your financial direction is measurable, it is not a problem, the problem is when your finances are not mature and you force yourself to buy something even though it looks good and profitable. DCA gives us the choice as much as we can to invest in BTC and it is not funny that our weak financial condition comes to buy. One by one must be completed before moving on to the next step and it does not mean that investment is not important for us to implement.

[CageMabok]

In my observations, I don't really think there is any logic about investing in Bitcoin, the serenity of the environment is not logical in the sense that it is compulsive that there must be a discretionary income that is a left over cash to be used after meeting basic needs, there is no need struggling to invest when there is no left over cash. Encouraging ourselves to invest with as little as left over cash we have while working on our finances is just the best.

Currently, Bitcoin has become a more logical asset to buy in order to be invested because everyone can buy it in small sizes or amounts if they cannot afford to buy one unit or half a unit directly. Indeed, every investor or those who want to become investors through Bitcoin investment also do not have to feel suffering by forcing their will to be able to invest in Bitcoin, but at least if they want to try to buy Bitcoin, of course there will be benefits slowly over time.

If your financial direction is measurable, it is not a problem, the problem is when your finances are not mature and you force yourself to buy something even though it looks good and profitable. DCA gives us the choice as much as we can to invest in BTC and it is not funny that our weak financial condition comes to buy. One by one must be completed before moving on to the next step and it does not mean that investment is not important for us to implement.

If you have the desire to carry out an investment plan in Bitcoin, of course you will try for it even though you have to solve every problem you are currently facing. The point is if you have the intention and hard work to be able to realize it in yourself, I think you don't have to burden yourself with more steps as long as you already know that investing in Bitcoin is a wise step for everyone in the current conditions.

[suzanne5223]

I usually agree with this but at some point I have come to realise how much important investments is to me as a young man hence making investment seems to come first before another thing perhaps I would have to allocate a good percentage of my income into investment and whatever remains I would use to pay for my expenses however my personal expenses are not yet bigger than I can afford and I also still receive stipends from parents hence I seems to have come to the conclusion that discretionary income will only come to play when you have gotten a certain level of responsibility. Just my opinion.

your opinion is not that bad, but the most important thing you should settle first as a good investor that you are is your expense,  because there is no way you can make a good investment if you don't take care of your expense, and sett up an emergency fund to avoid been tempted to make a withdrawal if there is an emergency bill to settle.

Of course my expenses are always considered first before making investment yet I seems to find myself to be way too young amongst many folks here so I tend to still depend on my parents as I'm still very young however with this I have almost all my earnings or income to be in the part of discretionary income hence I buy more bitcoin considering investments as most important over my personal desires or expenses as you may consider it.

If one finds him or her self in a state where you do not take care of all your needs your incomes will happen to be a big part of the discretionary income because your expenses are way lesser hence I choose to make investment now by buying much bitcoin as I can, by the time I will be due for self care I will probably have lesser worry to buy bitcoin because I would be far ahead of my mates.

I like the fact that you're planning something good for the time when you're grow up and have to be the one catering for all your needs instead of your parent. However, there's something you must not ignore despite all your investment in Bitcoin.
You must understand how to secure the Bitcoin for long term and don't leave it on CEX platform for your own safety because if it is not your keys, it is definitely not your coins.
Because something big is coming where most job/task human are doing now will be execute by robot/AI and when this happened the CEX can take any form of problematic behave but there's still huge chance for those that hold BTC in self-custodial wallet.

[Muba20]

In my observations, I don't really think there is any logic about investing in Bitcoin, the serenity of the environment is not logical in the sense that it is compulsive that there must be a discretionary income that is a left over cash to be used after meeting basic needs, there is no need struggling to invest when there is no left over cash. Encouraging ourselves to invest with as little as left over cash we have while working on our finances is just the best.

If your financial direction is measurable, it is not a problem, the problem is when your finances are not mature and you force yourself to buy something even though it looks good and profitable. DCA gives us the choice as much as we can to invest in BTC and it is not funny that our weak financial condition comes to buy. One by one must be completed before moving on to the next step and it does not mean that investment is not important for us to implement.

In terms of investment, it's not enough for having money, when investing, you should use money that will not be used for any other purpose, only if you have discretionary income you will be worthy for investment. There are many investors who are able to understand the Bitcoin concept well but because they do not have discretionary income to invest, they invest the money that they cannot keep for a long time, which brings negative results for them later.

Investors who are not in a good financial condition but are enthusiastic about investing can follow the DCA strategy and increase their long-term Bitcoin portfolio. This strategy is now most suitable for Bitcoin holders, especially those who will try to hold Bitcoin for a long time.

[JayJuanGee]

It is not the amount that matters in bitcoin investment but how consistent in accumulating,  it is what matters most.

I agree  with all your points Rockstarguy, and surely it is better to invest consistently and whimpily into bitcoin rather than not investing into bitcoin.  It is also better to get started investing into bitcoin, and perhaps even investing into bitcoin in conservative ways in order that we get both get used to investing into bitcoin, but also to make sure that we are  shoring  up various aspects of our personal cashflow management practices, which includes putting various backup funds in place and maintaining them.

It seems that once our cashflow management systems are strong, then it is going to be  better that we are able to  work up towards being as aggressive as we can with our bitcoin investment  without over doing it, and yeah, even though bitcoin is a great asymmetric bet to the upside a $100 per week investment is going to be better than a $10 per week, especially if a person has enough discretionary income to invest more into bitcoin, they may well be better off to figure out ways to work themselves into being more aggressive rather than less  aggressive (or even whimpy) in their bitcoin investment.  Many times over the years we have seen folks who are whimpy in their bitcoin investment, but like you mentioned many of them were inconsistent, so consistency does tend to help folks to prioritize their bitcoin investment and to put practices into place in which they would be able to work towards being more aggressive in their approach to bitcoin investment rather than ending up later regretting their level of whimpiness.

I agree with you, it is very important for every investor to adopt the right strategy in Bitcoin investment. If you want to profit from Bitcoin investment, you must maintain patience. You cannot be successful just by investing, you have to manage the investment properly.
And we know that the only best method in Bitcoin investment is the DCA method. However, you will get effective results from the DCA method only when you keep DCA continuous for the next 10 years or the next 3 cycles.
Because Bitcoin is a volatile currency, even if it fluctuates a lot in the short term, it has a high probability of being valuable in the long term. That is why investors must be patient enough and follow DCA continuously, only then will there be a high probability of getting very good results from Bitcoin.

It is easy for every investor to start investing, but it is very difficult to actually maintain your investment for a long time. Basically investors face a lot of challenges after starting the investment which sometimes leads to selling their investments even in reluctant terms. If an investor cannot hold his investment for a certain period of time after making the investment then I would say that the investment is worthless. Even if an investor adopts the DCA investment strategy in terms of investment, the investor should adopt certain strategies in making this investment permanent. For example, the amount of money that the investor will regularly spend for investment, he should keep some amount of money left over so that he can meet his needs with the remaining money when he has financial needs. But he will not need to sell his investment when he has the remaining money. Those who can invest in this way actually have permanent investments.

it is not difficult to maintain your investment for a long period time, yes it's a normal thing for an  investor to face some challenges that's why it is advisable to invest  with your left over cash (discretionary income) after settling your expense, because if  you want to invest in BTC to  hold it for long period of time you have to first of all settle you needs as human you should feel the value of needs, also have an emergency fund and other sources of income it we help you to maintain your investment for a long period of time without being tempted to sell them off in short term.

In an investment there are bound to be obstacles, both from a mental and financial perspective. Because sometimes we can't avoid a problem, because we are only ordinary people who can only plan. Regardless of the bad situation, sometimes even having an emergency fund still won't solve the problems you are facing. Because the money needed for urgent needs may exceed the emergency funds we have. For this reason, the only way to cover this urgent need is to sell existing assets, namely bitcoin. Then, mental obstacles will certainly be quite heavy if they happen to us when we are carrying out our investment.

Part of strong cashflow management is putting systems into place so that we never get to a position of even having to tap into our emergency fund, and of course not tapping into our bitcoin investment either.

If we do not have enough money to invest into bitcoin, then we should not be investing.    Surely figuring out ways to improve our income and/or to cut our expenses are important too...

but if it ends up that we do not have enough discretionary income to cover all of our expenses, then we don't have enough to invest into bitcoin.

Surely, I am an advocate of getting started investing into bitcoin as soon as possible, yet I am also an advocate of living within our means and building up our cashflow management systems.. and part of investing is preparing for the future, and with bitcoin 4-10 years or more down the road, which means putting systems in place in order to achieve those objectives and never having to touch your bitcoin investment prior to your own choosing to do so down the road.. many times 10 years or longer.

Sure there are instances when actual emergencies come such as getting hit by a bus or otherwise becoming physically and/or mentally unable to earn income that is sufficient to support yourself, yet our own poor cashflow management and/or our poor planning should not be making us more likely to have emergencies of our own making.. we should be building systems to make us robust to not having emergencies.. which sometimes can take a while to build up our abilities to earn money and to cut expenses.. and  surely there are some folks who are not able to do that or to figure out ways to have discretionary income for 4-10 years or more, and likely those people should not be buying bitcoin because they would be trading/gambling rather than investing.

Like being impatient when you see the price of bitcoin going down, and finally selling the bitcoin because you are afraid it will go down further.

If the price goes down, you continue to buy, and sure some folks only have their weekly allowance, and they might not have extra money for buying on the dip.  Selling should not be part of the formula, since you are only selling once you have accumulated more than enough. .which could take 4-10 years or more to get to such status.

Or you can't wait to sell your bitcoin because you have already made a small profit.

We are not talking about trading here.  you seem to be talking about trading, even though you are using the term "investment"

For some investors who cannot control their patience well, these two things will certainly feel very difficult to overcome. That's why when we invest, like it or not, we have to have a stable income, we have to have a strong mentality and we also have to have an emergency fund that continues to be added every month. Because if, for example, from the start we invested in Bitcoin, the nominal amount of the emergency fund we had was not increased, I think this would be an inappropriate action. Because as I said above, this aims to take care of when there is an urgent need that requires a lot of money.

If someone is starting out investing into bitcoin and they do not have any emergency fund, or they ONLY have a small emergency fund, then they can build their emergency fund and their bitcoin investment at the same time.  Surely it is going to take a person a lot longer to build up both his emergency fund and his bitcoin investment if he  has low discretionary funds, so it may well be important to try to figure out ways that he can increase his income and/or cut his expenses.  Sometimes if a person is young, they might need to spend money on their own job (and skills) training so that they can improve their income possibilities, and some of the investments into oneself might have to take priority over investing money into bitcoin, and so each person can  decide if they have enough discretionary income to invest into bitcoin in terms of money.  They can also invest time and energy into bitcoin, yet it seems better to also be investing value into bitcoin, though people have to figure out their own reasonable balances.

[Jewan420]

In terms of investment, it's not enough for having money, when investing, you should use money that will not be used for any other purpose, only if you have discretionary income you will be worthy for investment. There are many investors who are able to understand the Bitcoin concept well but because they do not have discretionary income to invest, they invest the money that they cannot keep for a long time, which brings negative results for them later.

Investors who are not in a good financial condition but are enthusiastic about investing can follow the DCA strategy and increase their long-term Bitcoin portfolio. This strategy is now most suitable for Bitcoin holders, especially those who will try to hold Bitcoin for a long time.

Yes, you are right. Even if a person does not have discretionary income, he can manage investments with alternative income sources. I consider the source of income for investment in two stages. The first is the discretionary income source and the second is the alternative income source. Discretionary income source is the first thing an investor should try to ensure before investing. If your source of income is enough to live and only meet your needs, if you do not think that source of income is prudent for investment, then you can look for an alternative source of income.

If you fail in the first step, you can definitely start and manage investments through the second step. But you have to make sure that you are ready to lose the money earned from the alternative income source or it is unnecessary money for you. You have to make sure that you will never need that money or that money is not included in your needs.

A person's main source of income may not be prudent, but that does not mean that investment is not possible for you. Either you need to find a discreet source of income, if not possible, you can start investing in specific stocks using alternative sources of income and continue holding.