Buy the DIP, and HODL!

[bitzizzix]

...

Soft hands exist so that those willing to believe are able to get their boons at last.
That's why we continue to hodl while others may panic sell 

Those who panic sell are people who do not have the ability to hold Bitcoin and such people will also not be able to keep other assets for a long time for themselves because their own character is still not good enough to be a holder or investor in the best assets and also in Bitcoin. We need to salute those who have soft hands and those who continue to buy Bitcoin at this time with the extraordinary abilities they already have. Because people like that are the ones who are able to provide resilience to the price of Bitcoin and also to the value of Bitcoin itself in front of the public.

Therefore, such people must really understand Bitcoin well, especially recognizing its volatility that they will face when Bitcoin drops suddenly, which often happens due to some factors that they did not know before and what to do, and understand that after such an event occurs, Bitcoin will eventually rise again and they must understand and study its track record so that they are strong and do not panic when the drop occurs suddenly. And besides that, the most important thing is, they must instill strong faith and also strong patience before doing so. Because investing in Bitcoin is very easy, just buy and keep buying periodically and hold for the long term and all of that aims to fight the existing volatility. And also have to prepare a soft left hand to keep buying regardless of what happens in the market and a strong right hand to keep holding Bitcoin as hard as possible when the drop occurs for whatever reason.

[Mrbluntzy]

I agree with you, In fact, if you invest in Bitcoin in DCA, The amount of benefit it will give you, without DCA It cannot be obtained in any other way. When Bitcoin exceeds $200K - $500K in the next cycle, then DCA investors will undoubtedly benefit the most. In fact, if DCA is continued continuously in the long term, an investor can benefit more than his expectations in the future, That's why for Bitcoin investing (logn term), DCA is the best investment method.

You speak as if DCA is one very specially investment of its own but it's not, every Bitcoin investor doesn't have to use DCA before they become profitable, I am not saying that the strategy of DCA is not good, it's good but let's assume I have $1 million dollars and I invested it all at once into Bitcoin and held it for twenty years and someone else started to DCA on the same month that I invested $1m, assuming he spends $10k every year on DCAing, in 20 years, he should have spent $200k total capital, you can not still compare his profit with mind. Because of my high amount that was invested, I still stand more chance to get more profit.

Since I don't have $1m right now and I am yet a student, DCA is beneficial for me because I will definitely buy Bitcoin only when I have the capital to buy and spread it into partitions to target different buy price.

Investing $1M at once could also be regarded as lump-sum investment which is also an investment/investor strategy. Advocating for DCA doesn't make it the only strategy but it relieves investors of financial stress and external pressures. Let's assume that you eventually hit a contract that could give you $20M in a deal, there's nothing bad about investing with $1M in bitcoin at once. Imagine making $1.5M from a deal and you decide to invest $1M into bitcoin at once, it could amount to financial stress especially if you are a contract worker. With such investment, you may be forced to sell all or part sooner than you would have loved to sell it.

DCA and Discretionary income is aimed at ensuring that an investor also attend to his basic responsibility with little or no financial stress to also help prolong your life and health. While thinking about investment, also consider Life.

The DCA is a very good strategy of investing into Bitcoin and its importance can not be over emphasized but what am just trying to state is the variation between investors financial power. The financial life styles of different individuals, state of living and others things that could interfere with how one wants to invest.

One best advantage of using DCA is that it helps many investors to buy Bitcoin at different price which could be at a discount price while others must have bought at a higher price, like those that will invest a lum sum at once once, they could buy at high price different from the investors that uses DCA to buy at different dip price. But, buying at lum sum is just based on the person's financial power and perhaps don't want to waste much time without buying, perhaps they have their reasons.

[Promocodeudo]

In fact, those who are always confused about the right time to invest, they never find the right time. There is always confusion in them, they overthink the price, they always have these things in their mind that, "What if the price drops further after I invest, and if it never pump again, then what will happen?", In fact, their such thoughts are very baseless and unnecessary, Bitcoin is a long-term asset, so Bitcoin will grow in the long term, there is no need to worry about how much it fluctuates in the short term. Bitcoin will lay a big foundation on the economy in the future, and it will be accepted in every country, overall Bitcoin has a very bright future. So hold it for the long term, it will become huge in the future.

The thing is that sometimes I feel that people that talk about being confused on when to buy there Bitcoin are those people whose concentration are to buy when the price dips and sell when there's upsurge, though lack of basic knowledge could also be one of the factors that could get newbies confused on the right time to invest aside this I don't see any other stuff that can confuse any newbie on when to invest, for me, investment is a mindset as such anyone thats ready to invest must make sure that the necessary basic information needed to startup his or her investment journey is gotten by him or her, the problem many newbie encounter while wanting to invest in Bitcoin is not having long-term in mind and seeking for ways to achieve it.

Why would someone even bother about fluntuation when fluntuation is Bitcoin must thing, anyone that shivers because of price fluntuation is not ready for bitcoin investment, I have to say this, the unstable nature of Bitcoin price is what makes it a long-term investment and a futuristic asset, it could also be the reason for it's existence, for me, people should be more concerned on how to buy steadily with the amount they can afford consistently and step up too when there income improves to enable them stuck up very sufficient amount of Bitcoin as time goes by and hodl for a very long-term.

[Mayor of ogba]

Lastly, whenever we are talking about Bitcoin investment risk should not be a factor because the word risk minimal in Bitcoin investment.

I don't totally agree with this. There is risk in bitcoin, low risk or not. The risk is low when you're holding for a long time that's for sure but there is risk. So instead what you should say is that the person should say "low risk"No investment doesn't involve risk. Even treasury bills have risks even though it's low risk.
If you're investing for the short term then it is no longer "low risk" but "risk"

When talking to people above bitcoin investment, especially newbies I make sure I stress out the risk part so they won't have the idea that they can't lose money or that profit is guaranteed withing a certain period.  

I humbly agreed to your statement about risk, first of all life is full of risk, then relating risk to Bitcoin investments, Bitcoin is much risky if you don't know anything about Bitcoin as a newbie, there is something i want you to clear me, you said that investing in a long term investment that is no risk and when involve in short term investment that it is not more in a low risk abi. Than it should be high risk when it comes to short term investment and low risk when it comes to Long term investment ba?

We all know that bitcoin is not risk-free, but that doesn't mean that if a newbie invests in bitcoin without knowing anything about bitcoin, he or she will lose his or her money in bitcoin investment. Even though you are a pro or a newbie in bitcoin investment, the only way you can possibly lose your money in bitcoin investment is when you invest all your money into bitcoin, which will expose you to struggle in solving your daily expenses, and if you aren't strong enough to overcome the obstacle, you will sell your bitcoin at a loss to survive. Bitcoin investment is very suitable for the long-term purpose, so if you are investing in bitcoin for the long term, the risk is very low because you are guaranteed that you will not lose all your money as long as you don't sell you bitcoin out of fear, but if you invest in bitcoin for short-term profit, there's a big possibility that you will lose your money in chasing short-term profit because you are likely to use the money you can't afford to lose to invest in bitcoin so that it will allow you to achieve your short-term profit quickly if there's a surge in bitcoin price. But if an unexpected dip happens in the process where you are waiting for bitcoin to surge, you will be at a loss, and since you used the money you can't afford to lose to invest in bitcoin, you will find it difficult to survive, which will give you no choice but to sell you bitcoin to survive.

[DubemIfedigbo001]

The amount of value that we put into bitcoin should  be money that we are not going to need for 4-10 years or longer, and sure it is possible that we might need the money that we put into our back up funds at various periods of time, yet we should also be wanting to build an emergency fund that has a minimum of 43 months of our expenses and in which we would likely not be tapping into such emergency funds absent an actual emergency related to loss of income and/or increase in expenses that were beyond our expectations.

Did you mean 3 months of our expenses? I believe this is a typo. Maybe you'll want to correct it so it doesn't send the wrong message across.

This is a good plan, the recent emergency I had was handled effortlessly by my emergency fund and funds I kept aside for refilling my gas cylinders when it's finished. I was glad I handled it effectively and didn't touch my portfolio. It was then that I had a deep appreciation of these teachings. The only responsibility on me now is to build back the funds I depleted.

[Mehmet69]

One best advantage of using DCA is that it helps many investors to buy Bitcoin at different price which could be at a discount price while others must have bought at a higher price, like those that will invest a lum sum at once once, they could buy at high price different from the investors that uses DCA to buy at different dip price. But, buying at lum sum is just based on the person's financial power and perhaps don't want to waste much time without buying, perhaps they have their reasons.

Yes, DCA is definitely a good method. In my opinion, DCA is the safest method. It is the only method that both beginners and experienced can use without hesitation. In this method, you can buy and deposit Bitcoin in all types of markets. You will not have to worry about losing your money. You will not have to worry about analyzing the market. You only have to think about one thing, which is to continue investing regularly. After starting investment, do not touch the invested money without reaching a specific goal. Decide on long-term investment.

But on the other hand, if you want to invest in any other method, then first you have to be much more experienced. You have to have a good knowledge about volatility. You always have to think about how much you are losing, when will it give you a return.

So I think it is better to keep yourself mentally healthy and continue investing safely in DCA instead of choosing other methods.

[Stormisover]

One best advantage of using DCA is that it helps many investors to buy Bitcoin at different price which could be at a discount price while others must have bought at a higher price, like those that will invest a lum sum at once once, they could buy at high price different from the investors that uses DCA to buy at different dip price. But, buying at lum sum is just based on the person's financial power and perhaps don't want to waste much time without buying, perhaps they have their reasons.

Yes, DCA is definitely a good method. In my opinion, DCA is the safest method. It is the only method that both beginners and experienced can use without hesitation. In this method, you can buy and deposit Bitcoin in all types of markets. You will not have to worry about losing your money. You will not have to worry about analyzing the market. You only have to think about one thing, which is to continue investing regularly. After starting investment, do not touch the invested money without reaching a specific goal. Decide on long-term investment.

But on the other hand, if you want to invest in any other method, then first you have to be much more experienced. You have to have a good knowledge about volatility. You always have to think about how much you are losing, when will it give you a return.

So I think it is better to keep yourself mentally healthy and continue investing safely in DCA instead of choosing other methods.

From what I have learnt, that you are using a particular strategy doesn't mean the other strategies can not be use together,  if the dollar cost averaging strategy is not the only strategy investors can still use other strategies together, for instance an investor can be doing dollar cost averaging strategy, buy the dip if they have the reserve funds for it and also buy with the Lump if there is a lump sump amount available,  one thing I see is that an investor should only do all this at the expense of his comfort without affecting his basic needs, the dollar cost averaging strategy is good but it is not the only strategy they talk about here, you can do the other ones too with the dollar cost averaging if you can., the plan is to increase the size of your Bitcoin with any strategy or strategies that matches your investment energy.

[ginsan]

The amount of value that we put into bitcoin should  be money that we are not going to need for 4-10 years or longer, and sure it is possible that we might need the money that we put into our back up funds at various periods of time, yet we should also be wanting to build an emergency fund that has a minimum of 43 months of our expenses and in which we would likely not be tapping into such emergency funds absent an actual emergency related to loss of income and/or increase in expenses that were beyond our expectations.

Did you mean 3 months of our expenses? I believe this is a typo. Maybe you'll want to correct it so it doesn't send the wrong message across.

This is a good plan, the recent emergency I had was handled effortlessly by my emergency fund and funds I kept aside for refilling my gas cylinders when it's finished. I was glad I handled it effectively and didn't touch my portfolio. It was then that I had a deep appreciation of these teachings. The only responsibility on me now is to build back the funds I depleted.

Of course it's not a typo because when we invest we have to prepare emergency funds for the next 3 months. This means that if you are sick and not working, at the same time you have emergency funds to buy bitcoin for the next 3 months. Apart from that, of course, setting aside funds for emergency funds, reserve funds are certainly very necessary to be applied in investments that are prioritized in the long term.

Understanding the right way to invest is indeed understood by everyone, but in the context of distributing funds they do not understand and what to do. That way, the approach to investment is needed but you can learn as the investment goes along.

[Tmoonz]

The dollar cost averaging method dca doesn't even give you an opportunity to buy bitcoin at cheaper price but with it you can be buying little fraction of bitcoin with your discretion income either every weeks or months without considering if the price of bitcoin is high or low, using the dollar cost averaging method doesn't mean you will buy bitcoin very cheap it's not true.

You sound confused and complicated, your narrative doesn't precisely define the concept and I dea of the DCA strategy, with the dca strategy you are only buying Bitcoin within your financial level, a fraction you said yes and not a whole Bitcoin, it becomes cheap since you are only buying within your own financial level and not in comparison with what others that are not in your level either below your level or above your level, that is to say buying Bitcoin has become cheaper to you because you can afford the one or amount of your own level making you to own it and be part of those that own it,  isn't that beautiful enough for you to say that the dca strategy makes buying of Bitcoin to be cheap and affordable?

[Mayor of ogba]

A person who does not keep an emergency fund with Bitcoin investment may have missed out on an investment strategy. Every investor needs to know investment strategies, whenever you face any danger, you can deal with that danger with your emergency fund.
It is possible to sustain his investment in the long term based on Bitcoin investment plans and strategies, because the more the Bitcoin investment follows the DCA method, the more his investment will be able to accumulate more sales in the long term and in the long term. Therefore, the most important thing should be given to Bitcoin investment strategies, because these steps are definitely needed to sustain the investment.

I don't think emergency funds are that necessary when someone has stable sources of income. For example, when someone is a wage earner or salary earner, their income can simply serve as emergency funds if they plan well.The reason why I feel someone needs emergency funds is when they don't have stable sources of income. These are the people who need emergency funds in case anything comes up in the future. This way, they won’t need to dip into their investment funds.However, as long as someone has stable sources of income, those incomes can serve as emergency funds. The only thing is that if someone wants to enjoy Bitcoin investment, they should use the DCA (Dollar Cost Averaging) method and avoid buying all at once.

You are wrong mate, you cannot use your income as an emergency funds because it's stable. When you are investing in bitcoin, you need an emergency funds separately from your income to take care of an unforeseen emergency that will arise so that you don't sell your bitcoin and take care of that emergency.

In your monthly income, you have your monthly expenses from their to take care of your basic needs, and the left over is what should be put into bitcoin for investing, so how will you say that you can use your income to serve as emergency funds. Let me highlight you on what we call real emergency that such funds is used for. If you lost your job, how will you survive without preying into your bitcoin investment.

Another emergency is if your roof is pulled of by storm and you haven't been paid, where will you look up to on how to fix your roof. Improper planning leqds to early selling of your bitcoin portfolio. An emergency funds is very compulsory for all bitcoin long-term invetors for them to be successful in the long run.

However, an investor with a large discretionary income, that's someone who have various source of income or investment, might not really have his emergency funds, because he can use one of his business to serve as an emergency funds incase an real emergency happens. This is because he has various places to tap funds from to solve any real emergency. Such person will be at a better position to invest more aggressively.

This is why if you don't have an emergency funds but have your discretionary income to get started, you share it into two parts and invest one part on bitcoin, the other part to build your emergency funds. As you are DCAing every week, same way your emergency funds is growing.

We almost always make a mistake (not everyone, many) and that is, when we make a long-term plan, we do not create a support fund at the same time. How does this happen? Let me explain a little more, a long-term plan is a plan that is implemented over a long period of time. And a long-term plan gives us a little more profit. If there is no support fund, that is, if that fund is not used during a disaster during this long period, then it is natural that the planned long-term plan will be damaged, so before making any long-term plan, we should always create such a support fund, whether it is a stable income or a volatile income in my opinion.

You have been registered on this forum for a long time, and I believe you have been posting in this thread for a long time also, but I am surprised to see you say that we don't make provision for an emergency fund when we are investing in bitcoin for the long term when an emergency fund has been discussed in this thread so many times. All old investors in this thread know about the emergency fund and the major role it plays in bitcoin investment, so I believe all old investors who have been investing in bitcoin for the long term have made provision for an emergency fund so that they could probably solve their unexpected problem anytime it arises. Since most businesses in a country accept fiat as a medium of exchange, it is better to save your emergency fund in fiat so that you can easily use it to solve your unexpected problem when it arises.

[Btcdeybodi]

We almost always make a mistake (not everyone, many) and that is, when we make a long-term plan, we do not create a support fund at the same time. How does this happen? Let me explain a little more, a long-term plan is a plan that is implemented over a long period of time. And a long-term plan gives us a little more profit. If there is no support fund, that is, if that fund is not used during a disaster during this long period, then it is natural that the planned long-term plan will be damaged, so before making any long-term plan, we should always create such a support fund, whether it is a stable income or a volatile income in my opinion.

You have been registered on this forum for a long time, and I believe you have been posting in this thread for a long time also, but I am surprised to see you say that we don't make provision for an emergency fund when we are investing in bitcoin for the long term when an emergency fund has been discussed in this thread so many times. All old investors in this thread know about the emergency fund and the major role it plays in bitcoin investment, so I believe all old investors who have been investing in bitcoin for the long term have made provision for an emergency fund so that they could probably solve their unexpected problem anytime it arises. Since most businesses in a country accept fiat as a medium of exchange, it is better to save your emergency fund in fiat so that you can easily use it to solve your unexpected problem when it arises.

I think you are getting what @MissNonFall9 is saying all wrong because all i can see that they are talking about is having a support funds otherwise called backup funds which can also stand as emergency funds so knowing about how to keep emergency funds while investing in bitcoin do not matter when someone registered and started following up discussions in this thread because there are many folks following this thread without knowing some interpretation of what the discussions going on here is talking about so instead of scolding such people, you embrace them and give them wider knowledge of what they need to know. However, the need for keeping emergency funds is for immediate needs that may happen in the future such that instead of you to cut out your investment along the way to attend to such emergency you can just cover it up using your emergency funds you have kept while you continue with your hodling. Normally, emergency funds must be in Fiat currencies because any emergency needs that arises can also be sorted out in Fiats currency.

[Popkon6]

The dollar cost averaging method dca doesn't even give you an opportunity to buy bitcoin at cheaper price but with it you can be buying little fraction of bitcoin with your discretion income either every weeks or months without considering if the price of bitcoin is high or low, using the dollar cost averaging method doesn't mean you will buy bitcoin very cheap it's not true.

You sound confused and complicated, your narrative doesn't precisely define the concept and I dea of the DCA strategy, with the dca strategy you are only buying Bitcoin within your financial level, a fraction you said yes and not a whole Bitcoin, it becomes cheap since you are only buying within your own financial level and not in comparison with what others that are not in your level either below your level or above your level, that is to say buying Bitcoin has become cheaper to you because you can afford the one or amount of your own level making you to own it and be part of those that own it,  isn't that beautiful enough for you to say that the dca strategy makes buying of Bitcoin to be cheap and affordable?

DCA strategy makes investors more interested and save, no matter where you calculate, the DCA method helps the investor in an incomparable way. Because if you start investing in Bitcoin once, then Bitcoin will definitely beckon you to invest again and again, because you notice one thing, the more you invest in Bitcoin according to the DCA method, the more the amount of Bitcoin in your wallet will increase. Because you can use all the money that you were wasting carelessly and unnecessarily, this is the biggest benefit of the DCA method.

[bestcandy]

One best advantage of using DCA is that it helps many investors to buy Bitcoin at different price which could be at a discount price while others must have bought at a higher price, like those that will invest a lum sum at once once, they could buy at high price different from the investors that uses DCA to buy at different dip price. But, buying at lum sum is just based on the person's financial power and perhaps don't want to waste much time without buying, perhaps they have their reasons.

Yes, DCA is definitely a good method. In my opinion, DCA is the safest method. It is the only method that both beginners and experienced can use without hesitation. In this method, you can buy and deposit Bitcoin in all types of markets. You will not have to worry about losing your money. You will not have to worry about analyzing the market. You only have to think about one thing, which is to continue investing regularly. After starting investment, do not touch the invested money without reaching a specific goal. Decide on long-term investment.

But on the other hand, if you want to invest in any other method, then first you have to be much more experienced. You have to have a good knowledge about volatility. You always have to think about how much you are losing, when will it give you a return.

So I think it is better to keep yourself mentally healthy and continue investing safely in DCA instead of choosing other methods.

From what I have learnt, that you are using a particular strategy doesn't mean the other strategies can not be use together,  if the dollar cost averaging strategy is not the only strategy investors can still use other strategies together, for instance an investor can be doing dollar cost averaging strategy, buy the dip if they have the reserve funds for it and also buy with the Lump if there is a lump sump amount available,  one thing I see is that an investor should only do all this at the expense of his comfort without affecting his basic needs, the dollar cost averaging strategy is good but it is not the only strategy they talk about here, you can do the other ones too with the dollar cost averaging if you can., the plan is to increase the size of your Bitcoin with any strategy or strategies that matches your investment energy.

I think the argument here is not about the best strategies to be used by investors but the advantage of using DCA strategies in the sense that it helps investors to buy Bitcoin regularly in different rate that may be seen discounted over a period of time and DCA also help low and moderate income earner to be able to invest in Bitcoin in a planned interval of time in respect to the available fund of the investor.
Another point that is noted in the argument is the need to have a fund set aside fund that will handle some basic needs in order not to touch your Bitcoin asset and to enable investors hold their Bitcoin for long term. Yes, it's very necessary for investor to have a set aside fund especially those that have low or moderate source of income because the set aside fund will save investors from any financial obligations that may affect the plan of holding the Bitcoin for long term in other to maximum the profit in the future.

[Mayor of ogba]

We almost always make a mistake (not everyone, many) and that is, when we make a long-term plan, we do not create a support fund at the same time. How does this happen? Let me explain a little more, a long-term plan is a plan that is implemented over a long period of time. And a long-term plan gives us a little more profit. If there is no support fund, that is, if that fund is not used during a disaster during this long period, then it is natural that the planned long-term plan will be damaged, so before making any long-term plan, we should always create such a support fund, whether it is a stable income or a volatile income in my opinion.

You have been registered on this forum for a long time, and I believe you have been posting in this thread for a long time also, but I am surprised to see you say that we don't make provision for an emergency fund when we are investing in bitcoin for the long term when an emergency fund has been discussed in this thread so many times. All old investors in this thread know about the emergency fund and the major role it plays in bitcoin investment, so I believe all old investors who have been investing in bitcoin for the long term have made provision for an emergency fund so that they could probably solve their unexpected problem anytime it arises. Since most businesses in a country accept fiat as a medium of exchange, it is better to save your emergency fund in fiat so that you can easily use it to solve your unexpected problem when it arises.

I think you are getting what @MissNonFall9 is saying all wrong because all i can see that they are talking about is having a support funds otherwise called backup funds which can also stand as emergency funds so knowing about how to keep emergency funds while investing in bitcoin do not matter when someone registered and started following up discussions in this thread because there are many folks following this thread without knowing some interpretation of what the discussions going on here is talking about so instead of scolding such people, you embrace them and give them wider knowledge of what they need to know. However, the need for keeping emergency funds is for immediate needs that may happen in the future such that instead of you to cut out your investment along the way to attend to such emergency you can just cover it up using your emergency funds you have kept while you continue with your hodling. Normally, emergency funds must be in Fiat currencies because any emergency needs that arises can also be sorted out in Fiats currency.

@MissNonFall9 didn't compose his post in such a way that shows he is guiding newbies to know the importance of having an emergency fund before or after starting a bitcoin investment, but he directed his post mainly to already existing investors who have already heard about emergency funds and know if they fail to make provision for it, they will end up selling their bitcoin to survive when their unexpected problem arises. There's no need for you to explain emergency funds for me because I clearly know what an emergency fund is and the need to make provision for it before or after someone starts his or her bitcoin investment.

[Glen Hoddle]

One best advantage of using DCA is that it helps many investors to buy Bitcoin at different price which could be at a discount price while others must have bought at a higher price, like those that will invest a lum sum at once once, they could buy at high price different from the investors that uses DCA to buy at different dip price. But, buying at lum sum is just based on the person's financial power and perhaps don't want to waste much time without buying, perhaps they have their reasons.

Yes, DCA is definitely a good method. In my opinion, DCA is the safest method. It is the only method that both beginners and experienced can use without hesitation. In this method, you can buy and deposit Bitcoin in all types of markets. You will not have to worry about losing your money. You will not have to worry about analyzing the market. You only have to think about one thing, which is to continue investing regularly. After starting investment, do not touch the invested money without reaching a specific goal. Decide on long-term investment.

But on the other hand, if you want to invest in any other method, then first you have to be much more experienced. You have to have a good knowledge about volatility. You always have to think about how much you are losing, when will it give you a return.

So I think it is better to keep yourself mentally healthy and continue investing safely in DCA instead of choosing other methods.

From what I have learnt, that you are using a particular strategy doesn't mean the other strategies can not be use together,  if the dollar cost averaging strategy is not the only strategy investors can still use other strategies together, for instance an investor can be doing dollar cost averaging strategy, buy the dip if they have the reserve funds for it and also buy with the Lump if there is a lump sump amount available,  one thing I see is that an investor should only do all this at the expense of his comfort without affecting his basic needs, the dollar cost averaging strategy is good but it is not the only strategy they talk about here, you can do the other ones too with the dollar cost averaging if you can., the plan is to increase the size of your Bitcoin with any strategy or strategies that matches your investment energy.

I think the argument here is not about the best strategies to be used by investors but the advantage of using DCA strategies in the sense that it helps investors to buy Bitcoin regularly in different rate that may be seen discounted over a period of time and DCA also help low and moderate income earner to be able to invest in Bitcoin in a planned interval of time in respect to the available fund of the investor.
Another point that is noted in the argument is the need to have a fund set aside fund that will handle some basic needs in order not to touch your Bitcoin asset and to enable investors hold their Bitcoin for long term. Yes, it's very necessary for investor to have a set aside fund especially those that have low or moderate source of income because the set aside fund will save investors from any financial obligations that may affect the plan of holding the Bitcoin for long term in other to maximum the profit in the future.

This DCA strategy is one of the strategies that are regularly invested according to the Bitcoin DCA strategy. Those who are adopting this strategy are mainly getting success, you can see that many big people who are following the DCA method are moving towards success, including Nayib Bukele, he is buying one Bitcoin every day for his country. And they have a total of about 6091 Bitcoins ready to be stored.

[Furious 7]

including Nayib Bukele, he is buying one Bitcoin every day for his country. And they have a total of about 6091 Bitcoins ready to be stored.

The buyer is El Salvador even though it is under the leadership of Nayib Bukele but it is not Nayib Bukele who does it but El Salvador.

They buy 1 bitcoin every day as a form of DCA that they do but for us we don't have to do the same thing because after all doing it every day even though it is quite good but of course we have to pay attention to the capital that we have from the income that we have especially we invest mostly only a few percent of the income each month.

We can try to make purchases weekly or monthly, it might still be possible for the economy which is still quite minimal because after all investing in bitcoin is not to make it difficult for us but to prepare for a better future.

I personally prefer to make weekly purchases for now even though it may not be too big but for me it is enough for the weekly purchases that I make.

It does not mean that buying every day is not allowed but to avoid ourselves from difficulties because clearly we have to have more considerations from the income and expenses made so that our investments continue to run and our living needs are met from the total income that we have.

[Gost ms]

Bitcoin for sure will test the patience of its holders. Over the years those who benefited from the price hikes are those who were patient enough to overlook the emotional gamble the market played on the minds of Bitcoin holders.  For the smart ones the dipper it goes the better the buying power. It's about how many Bitcoin you able to accumulate not the current price because the more bitcoin owned the more profit made during bull run.

In the midst of the high price volatility that occurs in bitcoin, of course this will be the toughest test for investors to continue holding their bitcoin longer. Because quite a lot of bitcoin investors suffer losses due to the volatility of the bitcoin market and end up selling their bitcoins too early. So in this case all aspects related to the smooth running of Bitcoin investment must be strengthened, one of which is our patience. Because without strong patience, of course, when the bitcoin market is turbulent, our mentality will falter and finally we decide to sell the bitcoin assets. As is currently happening, bitcoin fell quite deeply yesterday and today. There may be several reasons why Bitcoin experienced this decline. However, whatever news comes to us related to bitcoin (negative), we should not be shaken and must remain strong with the bitcoin hodl that we are currently running. But if we look at the drastic decline that is currently occurring in Bitcoin, it is clear that there are still many Bitcoin investors who are panicking and selling their Bitcoin until finally Bitcoin experiences a deeper decline. Well, this is what we really have to realize, that there is no need to panic when there is negative news about bitcoin, because basically bitcoin will not be easy to bring down. So stay patient and think positively when dealing with situations like now and not panic.

Those who have experience or faith in Bitcoin will never become restless. They will rather use this time to their advantage. For example, they will buy Bitcoin very aggressively during this time. Those who do not have any experience or stable income related to Bitcoin, who make small investments from Bitcoin and earn profits, will get panicked in time and will sell their Bitcoin.

Never think about short-term investments, always try to invest for the long term. The risk is much less in long-term investments. And your chances of making profits in long-term investments are much higher.

[Fara Chan]

DCA strategy makes investors more interested and save, no matter where you calculate, the DCA method helps the investor in an incomparable way. Because if you start investing in Bitcoin once, then Bitcoin will definitely beckon you to invest again and again, because you notice one thing, the more you invest in Bitcoin according to the DCA method, the more the amount of Bitcoin in your wallet will increase. Because you can use all the money that you were wasting carelessly and unnecessarily, this is the biggest benefit of the DCA method.

The decline in the price of Bitcoin is still happening until now so that Bitcoin has touched a price of $79K today, I don't know what sentiment is affecting Bitcoin that has caused the price to drop like it is now. But of course that will never be a barrier for those who still use the DCA method in terms of buying Bitcoin because with a lower price it will certainly make the amount of Bitcoin that can be purchased with a certain amount of money will be more. Because as you said, this DCA method is still very worthy of being used by many people even though the market conditions themselves are not good as I see now.

[JayJuanGee]

The amount of value that we put into bitcoin should  be money that we are not going to need for 4-10 years or longer, and sure it is possible that we might need the money that we put into our back up funds at various periods of time, yet we should also be wanting to build an emergency fund that has a minimum of 43 months of our expenses and in which we would likely not be tapping into such emergency funds absent an actual emergency related to loss of income and/or increase in expenses that were beyond our expectations.

Did you mean 3 months of our expenses? I believe this is a typo. Maybe you'll want to correct it so it doesn't send the wrong message across.

Yep.. that was a typo.. I went back and fixed it.  I had meant to say 3 months.

This is a good plan, the recent emergency I had was handled effortlessly by my emergency fund and funds I kept aside for refilling my gas cylinders when it's finished. I was glad I handled it effectively and didn't touch my portfolio. It was then that I had a deep appreciation of these teachings. The only responsibility on me now is to build back the funds I depleted.

Yep.. .sometimes people start to presume that everything is going to work out with their finances, and even poor people sometimes get desperate in terms of wanting to put whatever little money they have to work, and it tends to not be a good idea to stick ourselves in situations where we have hardly any cash or we have no cash because we were trying to make sure that all of our cash was working (invested into bitcoin), so then we might feel even worse, if the BTC price is dropping greatly, as it has been doing in the past 5 weeks or so, and then it tends to be a lot better to not ONLY have emergency funds, but also other back up funds, and then like you said if some kind of an event (extra expense or even a loss of our income) happens, then we feel so powerful that we were able to handle our emergency situation with  the extra funds that we had available.  So yeah maybe if we end up using our various back up funds, and then we dipped in our emergency fund, it could end up taking us several months to build our emergency funds and our back up funds back to their prior levels... ..so we will have judgement calls regarding how to allocate our building back of our emergency funds/back up funds and/or whether our situation has become so dire as to stop adding to our bitcoin investment during part of the period that we are rebuilding our emergency funds or perhaps reducing the amount of our weekly BTC buys while we are rebuilding our emergency funds/back up funds.

One best advantage of using DCA is that it helps many investors to buy Bitcoin at different price which could be at a discount price while others must have bought at a higher price, like those that will invest a lum sum at once once, they could buy at high price different from the investors that uses DCA to buy at different dip price. But, buying at lum sum is just based on the person's financial power and perhaps don't want to waste much time without buying, perhaps they have their reasons.

Yes, DCA is definitely a good method. In my opinion, DCA is the safest method. It is the only method that both beginners and experienced can use without hesitation. In this method, you can buy and deposit Bitcoin in all types of markets. You will not have to worry about losing your money. You will not have to worry about analyzing the market. You only have to think about one thing, which is to continue investing regularly. After starting investment, do not touch the invested money without reaching a specific goal. Decide on long-term investment.

But on the other hand, if you want to invest in any other method, then first you have to be much more experienced. You have to have a good knowledge about volatility. You always have to think about how much you are losing, when will it give you a return.

So I think it is better to keep yourself mentally healthy and continue investing safely in DCA instead of choosing other methods.

If you are a beginner investor into bitcoin, and you are in your first whole cycle of accumulating bitcoin, you likely need to give very little thought about whether the bitcoin investment is giving you good return, so largely you just keep buying at any price.

Of course if you are able to front load your investment and/or buy on dips, there is nothing wrong with supplementing your BTC accumulation with aspects of those techniques, yet at the same time, beginner investors are likely going to be much better off by mostly focusing on DCA, and the extent to which they might supplement DCA with other techniques is o.k. as long at they are able recognize and appreciate several of the trade offs that come with other techniques.

[Samlucky O]

DCA strategy makes investors more interested and save, no matter where you calculate, the DCA method helps the investor in an incomparable way. Because if you start investing in Bitcoin once, then Bitcoin will definitely beckon you to invest again and again, because you notice one thing, the more you invest in Bitcoin according to the DCA method, the more the amount of Bitcoin in your wallet will increase. Because you can use all the money that you were wasting carelessly and unnecessarily, this is the biggest benefit of the DCA method.

The decline in the price of Bitcoin is still happening until now so that Bitcoin has touched a price of $79K today, I don't know what sentiment is affecting Bitcoin that has caused the price to drop like it is now.

you can't say you don't know what sentiment that is dumping bitcoin so badly, even without making research of what makes bitcoin to fall, but you should know that greed is one major problem that makes people to sell too quick with just a little dip in price. when bitcoin reaches the climax of a new ATH as a result of propelling force that made people to adopt massively like the Trump strategic reserve, if there is no longer force to drive this adoption higher again then it may likely fall. many folks will sell the rip to take advantage of the high price, thereby dumping the market because of fear of uncertainty and doubt [FUD] and also fear and greed , this will continue till bitcoin will start recovering again.

this happened in the 2021 bitcoin ATH of $69k after which we experience a decline or correction to even $15k before it regain gradually until 2024 that new ATH  was created.