Buy the DIP, and HODL!

[Marvelockg]

We might have differing definitions in regards to what is mandatory and what is discretionary.  Many times we might want to live similar lifestyles as our neighbors, yet there still may be things that we have discretion over, whether we buy beans, hotdogs, chicken, pork or steak.  I doubt we will necessarily agree which expenses are mandatory and which are discretionary, even though surely guys might even lie to themselves if they consider certain kinds of expenses to be mandatory when they are discretionary.. yet let's say that a person wants to have a flower business, and maybe there is delivery involved in the business, he might have discretion regarding how to deliver and whether he owns a vehicle, rents it or contracts it out and he might even have discretion whether to have a bicycle, or a motorcycle or a car or a van..and  he might even have discretion whether to buy the 2002 model, or the 2012 model or the 2025 model.

You are right, for me I think In other to fine out the expenses that are mandatory and discretionary in our daily life is by checking our income just like the example you gave one may become confuse as which to buy but your income will help you determine that, like the example you gave if your income can only get you a bicycle I don't think you will be contemplating again on buying a car or a motorcycle however the only time you may be contemplating is when your income can afford you all that you have mentioned and at this point one can get confuse on which expenses are mandatory and which are discretionary so meaning the more richer you become the more confuse you will be in knowing which expenses that are mandatory and are discretionary.

I don't think that there is anything too difficult about knowing which item is mandatory for you to get and which is not. From elementary knowledge of finance and economics, the concept of wants, needs, and opportunity cost can easily be applied here and you can easily identify which item falls under what you just want, and which falls under what you need knowing fully well that your wants are insatiable in the first place. you can always push your wants to the future when you will be financially strong enough to get them while you meet your needs since they are part of what keeps you going as a person.

You are not following the discussion and the example JayJuanGee gave, there are some situation where you will find your self and you will become confuse on which expenses that are mandatory and are discretionary an example is the one that JayJuanGee gave if you are in that situation you can't just make a decision because you will think about the advantage and disadvantage of each item that comes in your mind which is that of the car, motorcycle, bicycle etc. And this will make it a difficult situation especially if you have the money to purchase any one you want however one of the things that limit someone is the lack of funds if you have only money for bicycle you won't have to think or find it difficult in making decisions because you have been limited by lack of funds.

Maybe you don't understand me rightly because obviously, there's no difference between the points I raised on identifying what's your wants and which is what you actually need when relating it to the context of the example both you and @jayjuangee highlighted. All the instances given are means through which we can decide to spend our discreational income in a modest way that suits how much of a fund we have as our income and suggesting an alternative that can still help one achieve same goal is nothing out of the range of discussion we are having. Understand that the main issue is all about effectively managing of ones finance just so you can invest effectively in bitcoin. Foregoing an expensive item like a car and going for a motorcycle just because you want to have reserved income for your investment is still in the same line with making proper budgeting such that you spend or get items based on the allocation you have set out for your expenses.

[Olatundespo]

While every investors does need an emergency fund available for obvious reasons, you don't have to save up for emergency before you start investing, you can start with your investment first and then start saving for emergency situations later or you can do them simultaneously, and both funds should come from your discretionary funds so as to not disturb your necessary and basic expenses.
Emergency funds are like a fail-safe that helps to ensure your investment isn't disturbed during accumulation, it also makes provisions for situations like you losing your job, it helps keep an investor going until they secure another job and get their income flowing again all while keeping their investment intact.
I'm sure there are situations where investors had to sell the bitcoin stash early to take care of emergencies, it could be an accident and your insurance isn't coming early enough or it's not able to cover your expenses, it could also be a serious health condition that requires alot of money to treat, your emergency income accounts for and helps take care of these situations.

In this case, people's choices may vary. Some prefer to set up an emergency fund before they invest, but there are also those who immediately choose to invest and save up for their emergency fund while at it. However, this should not be an obstacle for someone to start investing in Bitcoin, because they can also invest in Bitcoin even before having an emergency fund. But they need to create an emergency fund as soon as possible because they just don't know when the situation will become unfavorable to them—having an emergency fund will greatly help them face unexpected situations without having to sell bitcoin at the wrong time.

An investor without an emergency and backup fund will find it very difficult to invest for a long-term, therefore it is important to have your emergency funds, not necessarily very huge amount in as much as it can meet up your needs when the need arises for it, its an extra fund, which you need to save within 3-4 months so that it can save your investment from being sold off before the time that you wish to sell it within your long-term journey.

Many people save some money before starting to invest, while many do not. So, you earn $200 per month and after deducting all your expenses, you have $50 left to invest. But you do not have an emergency fund. In addition to investing, you need to create an emergency fund. In that case, you can invest $25 and keep $25 for the emergency fund. And what if you reduce your extra expenses and keep them for the emergency fund or invest. For example, eating out at extra restaurants, smoking too many cigarettes, etc., you can reduce all these extra expenses and put money in the emergency fund. In this way, you can very well fulfill the amount of money you want to put in the emergency fund. Try to put 3 times your stable income in the emergency fund. When you are able to create an emergency fund, you can create different types of reserve funds if you want. It is completely up to you. For example, if you have a son or daughter, you need to pay for their education expenses. You can create some reserve funds to meet such financial risks.

You just need to have a good money management skills to be able to invest in Bitcoin because even though you have a source of income, if you cannot manage your finances properly, you may be caught in a very difficult situation in the future which might result in you tempering with your holdings, that's why a good money management skills is required in Bitcoin investment, so that from the little you are earning either weekly or monthly you can still keep your emergency funds out of it, and possibly a reserve funds, because in other to be able to hold successfully and on the longer term, all these needs to be in place, so that you wouldn't have to temper with your holdings if a serious emergency situation arise in the future.

Yes, you need to have a consistent financial system to continue investing. Because as we all know, Bitcoin is not for short-term investment. It is an opportunity to build a wealth by investing for the long term. There may be many obstacles in front of you while investing for the long term. You have to ignore all those obstacles and continue investing. And during all those obstacles, funds will come in handy. Emergency fund, reserve fund and sufficient cash flow. If you have sufficient cash flow, you will not need any other funds. But if you do not have cash flow, then I think it is very necessary for you to start any fund. It is not only investors who need to use the fund. Anyone can arrange funds for them if they want. A fund will help you meet the needs of your family. The investor does not have to break the invested money before reaching the target.

So if you are an investor, in my opinion, you must have a fund or sufficient cash flow.

You must not have it all for you to be able to invest in Bitcoin and be successful, it's true that cash flow is very necessary, but I believe that once you have a source of income and the will is there, you have no excuse why you cannot invest in Bitcoin and be successful, because having a source of income is what helps you to be consistent in buying and accumulating Bitcoin weekly or monthly , and it even helps you to build your emergency funds from there, what is greatly needed is for you to be able to plan your income very well especially as a low income earner, because any misstep might have a serious dent in your accumulation that weekend or month ending.

So in essence of what am trying to say is that once you have a source of income, you can always invest in Bitcoin and be successful, as long as the will is there, and even as a low income earner, you can still be successful in it, all that is required from such fellow is to have a good money management skills so as when the pay check arrives, the money for upkeeps, DCA money, emergency funds and every other things that will be needed before the next paycheck arrives will be planned accordingly, because he who fail to plan is practically planning to fail.

And that is where most persons who is not informed get it all wrong they think or feel before going into Bitcoin investment one ought to have everything already in place which is wrong, because even if you keep an amount you think or feel will be okay or sufficient for your investment then you are wrong because you can not actually measure the money that will be sufficient for your long term investment and so if any investor tries that and at some point the money they kept got finished what will it become of them, will they stop investing?  So it is not advisable to... And for that case one should start accumulating so long as they have a source of income that can keep there investment progressing because the most important thing is starting first then everything will follow suit.

The most important thing is to start Bitcoin but you should focus more on the ancillary things as well, which is to increase your income and increase your alternative income as well as become financially independent. It is not a scheme to get rich in the short term but a long-term vision. The number of investors who do not have all the backups before starting investing may be less (Floating cash fund / backup fund / sufficient discretionary income for investment). Some may start from very low at the beginning and own a huge stash which is a manifestation of their long-term results. Some fail to maintain it even after starting investing through many arrangements. The main difference between them will be that they do not have a plan to save through discretionary income. Investors who start with no matter how small their savings are if they invest in Bitcoin from discretionary income in the DCA method they will.

[I_Anime]

 👍

Plus during the current bull cycle, Bitcoin's DOMINANCE against shitcoins has only surged without stopping since the DIPs of the bear market during 2022 and 2023. The wealth transfer that many of our plebs have been waiting for NEVER arrived.

Although, there were some bids in shitcoins, but I believe those bids were not as bullish as the cull cycle during 2017 and 2021. Shitcoin holders have mainly underperformed against Bitcoin HODLERS.

Comparing Bitcoin with sh*t coins is like "comparing apples and oranges" since they both are different things and their is no comparison of both. Bitcoin is a decentralised entity that we can choose for long term while we are not sure about life span of Sh*t coins.

There is no such thing as easy money in Bitcoin, if you want to get good ROI then you have to keep investing in bitcoin and wait patiently. Don't get into theories like "diversify your crypto portfolio". Just keep calm and invest only in Bitcoin.

Bitcoin is like a seed that's going to grow and become a beautiful tree, why shitcoins are like tree with weak roots that can fall any time , Those investing in Bitcoin are watering it and same time securing a share in it because they believe it have the potential to become a beautiful tree that will bloom.

Investing is taken a smart decision that will help you in test of time, many are always attracted to something that will give them quick return and most of those quick return project are usually weak and can easily lead to losses of resources, so stick with quality instead ( Bitcoin) and accumulate more while others are doubting.

[philipma1957]

Dip is setting up nicely , so get ready for it.


soon to go under 80k

[OmegaStarScream]

And... we're below it



What do we think? hell breaking loose tomorrow once the markets open?

[Webetcoins]

Comparing Bitcoin with sh*t coins is like "comparing apples and oranges" since they both are different things and their is no comparison of both. Bitcoin is a decentralised entity that we can choose for long term while we are not sure about life span of Sh*t coins.

There is no such thing as easy money in Bitcoin,

Not totally different. Shitcoins is still under crypto and then there might still be decentralized shitcoins. They need this more in fact because they are prone to scams, as you know that if they are centralized, they will also have exposed teams which can easily be filed a case in case they will scam their customers.

A shit coin can also last long but their performance might downgrade, this is why they are mostly recommended for the short-term to get the best results. Easy money in BTC is only an auto assumption or phrase only because it was highly volatile. But if you invest just in time for a dip and then it suddenly recovers, then why not?

[ginsan]

And... we're below it



What do we think? hell breaking loose tomorrow once the markets open?

I'm not good at analyzing charts, but I see today's drop as a surprise that can be used to continue buying. Whether this is an April Fool's surprise, I really don't know.

We can move aggressively to buy today's drop because this is the second time bitcoin has been below $80k after reaching $100k.

Reserve funds are quite needed in the current situation, because we take a cheaper entry when they are panicking.

[Ryu_Ar1]

The problem is people are too worry if they can not arrange funds with right for the investment. They don't want to try it first and see the result because if they can to do that, they will see if what they do is right or wrong. If that is not work good as they want which mean is wrong, they can search the problem and fix that so they can restart the investment.

If someone can allocate his money for his saving or investment, that mean he can try to keep some amount of his money for other things (in this matter is the investment or saving). Investing in Bitcoin mean we arrange the funds we have and there is no forcing for us about when the time we can invest. We manage that for ourselves because only we will know how our financial situation.

The point in this case is that apart from we must really be able to manage finances well, we must also be aware of risk management because after all, before we start investing, these two things must be considered.

Worry is a fairness because it is indeed our nature and indeed our defensive attitude in maintaining ownership but in the end if we really want to be in bitcoin then we have to take risks as a process that must be lived because it is impossible when we are in bitcoin but we don't want risk because it must remain in the end.

As for the investment journey whether it can go well or not I think it depends on our planning and beliefs. If indeed we are confident in bitcoin and try to invest in a long time then in the end we can minimize about failure because it is ideal for us when in bitcoin then obviously the time vulnerability has a big influence. But if our belief in bitcoin is lacking and only fixated on short-term gains then clearly risk and failure can occur because even though it might not matter to some people in the short term but still the long term to be in bitcoin is the best choice.

[JayJuanGee]

While every investors does need an emergency fund available for obvious reasons, you don't have to save up for emergency before you start investing, you can start with your investment first and then start saving for emergency situations later or you can do them simultaneously, and both funds should come from your discretionary funds so as to not disturb your necessary and basic expenses.
Emergency funds are like a fail-safe that helps to ensure your investment isn't disturbed during accumulation, it also makes provisions for situations like you losing your job, it helps keep an investor going until they secure another job and get their income flowing again all while keeping their investment intact.
I'm sure there are situations where investors had to sell the bitcoin stash early to take care of emergencies, it could be an accident and your insurance isn't coming early enough or it's not able to cover your expenses, it could also be a serious health condition that requires alot of money to treat, your emergency income accounts for and helps take care of these situations.

In this case, people's choices may vary. Some prefer to set up an emergency fund before they invest, but there are also those who immediately choose to invest and save up for their emergency fund while at it. However, this should not be an obstacle for someone to start investing in Bitcoin, because they can also invest in Bitcoin even before having an emergency fund. But they need to create an emergency fund as soon as possible because they just don't know when the situation will become unfavorable to them—having an emergency fund will greatly help them face unexpected situations without having to sell bitcoin at the wrong time.

An investor without an emergency and backup fund will find it very difficult to invest for a long-term, therefore it is important to have your emergency funds, not necessarily very huge amount in as much as it can meet up your needs when the need arises for it, its an extra fund, which you need to save within 3-4 months so that it can save your investment from being sold off before the time that you wish to sell it within your long-term journey.

Many people save some money before starting to invest, while many do not. So, you earn $200 per month and after deducting all your expenses, you have $50 left to invest. But you do not have an emergency fund. In addition to investing, you need to create an emergency fund. In that case, you can invest $25 and keep $25 for the emergency fund. And what if you reduce your extra expenses and keep them for the emergency fund or invest. For example, eating out at extra restaurants, smoking too many cigarettes, etc., you can reduce all these extra expenses and put money in the emergency fund. In this way, you can very well fulfill the amount of money you want to put in the emergency fund. Try to put 3 times your stable income in the emergency fund. When you are able to create an emergency fund, you can create different types of reserve funds if you want. It is completely up to you. For example, if you have a son or daughter, you need to pay for their education expenses. You can create some reserve funds to meet such financial risks.

You just need to have a good money management skills to be able to invest in Bitcoin because even though you have a source of income, if you cannot manage your finances properly, you may be caught in a very difficult situation in the future which might result in you tempering with your holdings, that's why a good money management skills is required in Bitcoin investment, so that from the little you are earning either weekly or monthly you can still keep your emergency funds out of it, and possibly a reserve funds, because in other to be able to hold successfully and on the longer term, all these needs to be in place, so that you wouldn't have to temper with your holdings if a serious emergency situation arise in the future.

Yes, you need to have a consistent financial system to continue investing. Because as we all know, Bitcoin is not for short-term investment. It is an opportunity to build a wealth by investing for the long term. There may be many obstacles in front of you while investing for the long term. You have to ignore all those obstacles and continue investing. And during all those obstacles, funds will come in handy. Emergency fund, reserve fund and sufficient cash flow. If you have sufficient cash flow, you will not need any other funds. But if you do not have cash flow, then I think it is very necessary for you to start any fund. It is not only investors who need to use the fund. Anyone can arrange funds for them if they want. A fund will help you meet the needs of your family. The investor does not have to break the invested money before reaching the target.

So if you are an investor, in my opinion, you must have a fund or sufficient cash flow.

Most of the reason to have back up funds (emergency fund, reserve funds and float) is to have back ups in the event that cashflow gets cut off for some reason or another.  Having a cashflow (even a strong cashflow) does not necessarily get a person out of the need to keep back up funds.  Some folks are surely sloppy with their cashflow management and do not keep back up funds (or emergency funds) based on their having decently strong cashflows - yet such people might still end up getting themselves into a bad situation based on their lack of preparedness for a loss of their cashflow.

I understand Bitcoin is the bedrock, the foundation. Value flows through Bitcoin first then goes into altcoins. You can’t expect altcoins to do well without Bitcoin doing well. Wait, be patient. Let Bitcoin do its thing first and then you’ll see money pour out from there. It takes time.

Why wait for altcoins to do well after a price increase in Bitcoin when everyone can immediately take the option to buy Bitcoin before the price increase occurs in Bitcoin. Because people who are smart in taking advantage of conditions will always move according to the rhythm of market conditions without ignoring opportunities by waiting more, especially if what is being waited for is altcoins. Obviously that is not something that is suitable to wait for because by buying Bitcoin at the current price, everyone can also benefit when the price of Bitcoin increases again in the market. So don't wait too long for something uncertain if you can still make the most of every opportunity through Bitcoin, not others.

 👍Plus during the current bull cycle, Bitcoin's DOMINANCE against shitcoins has only surged without stopping since the DIPs of the bear market during 2022 and 2023. The wealth transfer that many of our plebs have been waiting for NEVER arrived.

Although, there were some bids in shitcoins, but I believe those bids were not as bullish as the cull cycle during 2017 and 2021. Shitcoin holders have mainly underperformed against Bitcoin HODLERS.

With your bringing up of the arguments about wealth transfers, I am not sure if you are debunking shitcoin arguments or trying to refer to other kinds of wealth transfers. 

It probably remains confusing to use the term "wealth transfer" in the context of shitcoins, since who gives any fucks about shitcoins.   ... especially since we should be keeping our eyes on the prize, which is bitcoin, and largely in the past 10 years, wealth transfer has been ongoingly taking place in regards to bitcoin versus various fiat systems, and sure some of the wealth transfer may have had been slow and difficult to notice along the way, yet at the same time, those guys ongoingly putting value into bitcoin have been becoming more and more rich, as compared with if they would have had been putting such value into various fiat systems...  .. so our ongoing wealth transfer into bitcoin has not really slowed down if we are able to zoom out in regards to our perspective, which truly I consider the 200-WMA to be a better way of attempting to monitor the ongoing wealth transfer from fiat systems into bitcoin.

[edited out]

You are right, for me I think In other to fine out the expenses that are mandatory and discretionary in our daily life is by checking our income just like the example you gave one may become confuse as which to buy but your income will help you determine that, like the example you gave if your income can only get you a bicycle I don't think you will be contemplating again on buying a car or a motorcycle however the only time you may be contemplating is when your income can afford you all that you have mentioned and at this point one can get confuse on which expenses are mandatory and which are discretionary so meaning the more richer you become the more confuse you will be in knowing which expenses that are mandatory and are discretionary.
I think making decisions on this are some times difficult but what ever expenses you feel is mandatory should be essential for your basic survival.

If a person becomes accustomed to a certain standard of living, his views on mandatory versus discretionary will likely be based around the standard of living that he is accustomed to living.  He might objectively have flexibility and ways to cut down on his expenses, yet he might choose not to and still label some of his discretionary expenses as mandatory.  I have no problem with guys figuring out their own definitions, even though there may be some changes that a guy could make to his life that allows him to buy more bitcoin, but he chooses not to make such changes.

Let's say that a guy has a budget of $100 every week for "entertainment," such as going to bars and various kinds of night life expenses.  This might not be unreasonable for one guy, even though it may well seem to be total luxury for another guy... another guy might have a budget of $100 per month or even $50 per month for all of his entertainment, even though the guy who has $100 per week for "night life entertainment." He might have another extra budget for other kinds of entertainment beyond just the nightlife, and surely some guys might consider such a high budget on "entertainment" to be discretionary, the guy might consider that he has to maintain a certain level of social activity, and he has come to conclude that his various kinds of entertainment are basic requirements that he needs to maintain (perhaps until he finds a spouse, and maybe he will even choose to continue with the same level of "entertainment" budget after obtaining a spouse?).   

Guys have rights to make their own determinations about what they consider to be mandatory versus discretionary, and sure it is possible that upon further contemplation of the situation, some guys might reconsider their ways of categorizing mandatory versus discretionary, yet guys don't necessarily need to do anything that they don't want to do, even though some guys might consider the framework of other guys to be unrealistic and perhaps even keeping the other guys in a life of ongoing excessive consumption and keeping them out of a life of being able to invest in bitcoin or anything else.

There are some guys that no matter how much they make, they will come up with excuses to find ways of spending (and consuming) with any extra money that they make rather than investing into anything like bitcoin.

We might have differing definitions in regards to what is mandatory and what is discretionary.  Many times we might want to live similar lifestyles as our neighbors, yet there still may be things that we have discretion over, whether we buy beans, hotdogs, chicken, pork or steak.  I doubt we will necessarily agree which expenses are mandatory and which are discretionary, even though surely guys might even lie to themselves if they consider certain kinds of expenses to be mandatory when they are discretionary.. yet let's say that a person wants to have a flower business, and maybe there is delivery involved in the business, he might have discretion regarding how to deliver and whether he owns a vehicle, rents it or contracts it out and he might even have discretion whether to have a bicycle, or a motorcycle or a car or a van..and  he might even have discretion whether to buy the 2002 model, or the 2012 model or the 2025 model.

You are right, for me I think In other to fine out the expenses that are mandatory and discretionary in our daily life is by checking our income just like the example you gave one may become confuse as which to buy but your income will help you determine that, like the example you gave if your income can only get you a bicycle I don't think you will be contemplating again on buying a car or a motorcycle however the only time you may be contemplating is when your income can afford you all that you have mentioned and at this point one can get confuse on which expenses are mandatory and which are discretionary so meaning the more richer you become the more confuse you will be in knowing which expenses that are mandatory and are discretionary.

I don't think that there is anything too difficult about knowing which item is mandatory for you to get and which is not. From elementary knowledge of finance and economics, the concept of wants, needs, and opportunity cost can easily be applied here and you can easily identify which item falls under what you just want, and which falls under what you need knowing fully well that your wants are insatiable in the first place. you can always push your wants to the future when you will be financially strong enough to get them while you meet your needs since they are part of what keeps you going as a person.

You are not following the discussion and the example JayJuanGee gave, there are some situation where you will find your self and you will become confuse on which expenses that are mandatory and are discretionary an example is the one that JayJuanGee gave if you are in that situation you can't just make a decision because you will think about the advantage and disadvantage of each item that comes in your mind which is that of the car, motorcycle, bicycle etc.

I never said anything about the guy being confused, even though I mentioned that a guy may well have several options for achieving the same objective, and he has to choose which option fits his purpose in light of how much it will cost and how much utility he will get  out of it.  Surely guys will sometimes choose more luxurious (and costly) options out of their discretion, even though part of the base expense may well have had been mandatory, they may choose to upgrade to a version of the expense that has discretionary components that were not needed in order to achieve the more base objective (whether it was to deliver flowers or some other objective(s) might have had been the reason for the need to choose between transportation options).  Some objects or the purchasing of goods and/or services may well have both mandatory and discretionary components.

And this will make it a difficult situation especially if you have the money to purchase any one you want however one of the things that limit someone is the lack of funds if you have only money for bicycle you won't have to think or find it difficult in making decisions because you have been limited by lack of funds.

You do seem to be getting matters mixed up, as Marvelockg pointed out.

Your budget surely might determine how much you can spend, but your expenses regarding what you need versus what you want may well come prior to you having a budget... so you likely need to figure out what you need and what are your expenses, and once you figure that out, if you have any money left in your budget, then maybe you can choose what you want after paying for what you need. 

Sure, you are not differentiating between what you want and what you need because you are first looking at how much money you have and then you are determining what you want to buy with that money, and surely hopefully you are making sure that you have what you need covered prior to spending on the things that you want.

If we can be honest to ourselves there are sometimes we get confuse on what we really want or need, it happens to me sometimes, if you feel is very easy for you then that's good for you everyone is not the same.
Just like JayJuanGee said we might have differing definitions in regards to what is mandatory and what is discretionary.

We might have different definitions of what is mandatory and what is discretionary, yet I still would think that each one of us should be able to differentiate between what we have decided that we need from what we have decided that we want (according to you, how much money is left after spending on what we need first..and if we don't have any money left we cannot buy those additional items that we want to buy)..

[edited out]

Maybe you don't understand me rightly because obviously, there's no difference between the points I raised on identifying what's your wants and which is what you actually need when relating it to the context of the example both you and @jayjuangee highlighted. All the instances given are means through which we can decide to spend our discreational income in a modest way that suits how much of a fund we have as our income and suggesting an alternative that can still help one achieve same goal is nothing out of the range of discussion we are having. Understand that the main issue is all about effectively managing of ones finance just so you can invest effectively in bitcoin. Foregoing an expensive item like a car and going for a motorcycle just because you want to have reserved income for your investment is still in the same line with making proper budgeting such that you spend or get items based on the allocation you have set out for your expenses.

I think that I was also distinguishing between kinds of motorcycles, too... since depending on the purpose it may be more economical to buy one model versus another, and it may be more economical to buy a van rather than a motorcycle, especially if there is a need to carry BIGGER kinds of items, the van might end up paying for itself, and including bringing in extra money (contributing to extra income). I would not proclaim to know the answer in regards to choosing which goods/services are mandatory versus discretionary, especially if there might be a certain context in which they are justifiable... yet a person might have a really dumb idea in regards to various aspects of his flower shop, so he might not even justify his decision properly, so he might even erroneously conclude one purchase of a good/service is superior to another in regards to serving his needs, but he miscalculates the value of the whole project.

And... we're below it

What do we think? hell breaking loose tomorrow once the markets open?

I think that markets are expecting to be down tomorrow, but it can be difficult to know.

At this point, I am thinking down is more likely than up, but it is not like I trade any of these kinds of matters, since I buy if it goes down.. at least bitcoin.  For me, the rest of it is "whatever" even though many of us know that various markets relate to one another in the short term, even though they don't necessarily move in the same direction at the same exact time.  Bitcoin's currently going down seems to be anticipating general markets continuing to go down, at least tomorrow, on Monday, absent some kind of reason for possible reversal or slowing the current DOWNity pressures.

[Sonia_123]

While every investors does need an emergency fund available for obvious reasons, you don't have to save up for emergency before you start investing, you can start with your investment first and then start saving for emergency situations later or you can do them simultaneously, and both funds should come from your discretionary funds so as to not disturb your necessary and basic expenses.
Emergency funds are like a fail-safe that helps to ensure your investment isn't disturbed during accumulation, it also makes provisions for situations like you losing your job, it helps keep an investor going until they secure another job and get their income flowing again all while keeping their investment intact.
I'm sure there are situations where investors had to sell the bitcoin stash early to take care of emergencies, it could be an accident and your insurance isn't coming early enough or it's not able to cover your expenses, it could also be a serious health condition that requires alot of money to treat, your emergency income accounts for and helps take care of these situations.

In this case, people's choices may vary. Some prefer to set up an emergency fund before they invest, but there are also those who immediately choose to invest and save up for their emergency fund while at it. However, this should not be an obstacle for someone to start investing in Bitcoin, because they can also invest in Bitcoin even before having an emergency fund. But they need to create an emergency fund as soon as possible because they just don't know when the situation will become unfavorable to them—having an emergency fund will greatly help them face unexpected situations without having to sell bitcoin at the wrong time.

An investor without an emergency and backup fund will find it very difficult to invest for a long-term, therefore it is important to have your emergency funds, not necessarily very huge amount in as much as it can meet up your needs when the need arises for it, its an extra fund, which you need to save within 3-4 months so that it can save your investment from being sold off before the time that you wish to sell it within your long-term journey.

Many people save some money before starting to invest, while many do not. So, you earn $200 per month and after deducting all your expenses, you have $50 left to invest. But you do not have an emergency fund. In addition to investing, you need to create an emergency fund. In that case, you can invest $25 and keep $25 for the emergency fund. And what if you reduce your extra expenses and keep them for the emergency fund or invest. For example, eating out at extra restaurants, smoking too many cigarettes, etc., you can reduce all these extra expenses and put money in the emergency fund. In this way, you can very well fulfill the amount of money you want to put in the emergency fund. Try to put 3 times your stable income in the emergency fund. When you are able to create an emergency fund, you can create different types of reserve funds if you want. It is completely up to you. For example, if you have a son or daughter, you need to pay for their education expenses. You can create some reserve funds to meet such financial risks.

You just need to have a good money management skills to be able to invest in Bitcoin because even though you have a source of income, if you cannot manage your finances properly, you may be caught in a very difficult situation in the future which might result in you tempering with your holdings, that's why a good money management skills is required in Bitcoin investment, so that from the little you are earning either weekly or monthly you can still keep your emergency funds out of it, and possibly a reserve funds, because in other to be able to hold successfully and on the longer term, all these needs to be in place, so that you wouldn't have to temper with your holdings if a serious emergency situation arise in the future.

Yes, you need to have a consistent financial system to continue investing. Because as we all know, Bitcoin is not for short-term investment. It is an opportunity to build a wealth by investing for the long term. There may be many obstacles in front of you while investing for the long term. You have to ignore all those obstacles and continue investing. And during all those obstacles, funds will come in handy. Emergency fund, reserve fund and sufficient cash flow. If you have sufficient cash flow, you will not need any other funds. But if you do not have cash flow, then I think it is very necessary for you to start any fund. It is not only investors who need to use the fund. Anyone can arrange funds for them if they want. A fund will help you meet the needs of your family. The investor does not have to break the invested money before reaching the target.

So if you are an investor, in my opinion, you must have a fund or sufficient cash flow.

You must not have it all for you to be able to invest in Bitcoin and be successful, it's true that cash flow is very necessary, but I believe that once you have a source of income and the will is there, you have no excuse why you cannot invest in Bitcoin and be successful, because having a source of income is what helps you to be consistent in buying and accumulating Bitcoin weekly or monthly , and it even helps you to build your emergency funds from there, what is greatly needed is for you to be able to plan your income very well especially as a low income earner, because any misstep might have a serious dent in your accumulation that weekend or month ending.

So in essence of what am trying to say is that once you have a source of income, you can always invest in Bitcoin and be successful, as long as the will is there, and even as a low income earner, you can still be successful in it, all that is required from such fellow is to have a good money management skills so as when the pay check arrives, the money for upkeeps, DCA money, emergency funds and every other things that will be needed before the next paycheck arrives will be planned accordingly, because he who fail to plan is practically planning to fail.

And that is where most persons who is not informed get it all wrong they think or feel before going into Bitcoin investment one ought to have everything already in place which is wrong, because even if you keep an amount you think or feel will be okay or sufficient for your investment then you are wrong because you can not actually measure the money that will be sufficient for your long term investment and so if any investor tries that and at some point the money they kept got finished what will it become of them, will they stop investing?  So it is not advisable to... And for that case one should start accumulating so long as they have a source of income that can keep there investment progressing because the most important thing is starting first then everything will follow suit.

The most important thing is to start Bitcoin but you should focus more on the ancillary things as well, which is to increase your income and increase your alternative income as well as become financially independent. It is not a scheme to get rich in the short term but a long-term vision. The number of investors who do not have all the backups before starting investing may be less (Floating cash fund / backup fund / sufficient discretionary income for investment). Some may start from very low at the beginning and own a huge stash which is a manifestation of their long-term results. Some fail to maintain it even after starting investing through many arrangements. The main difference between them will be that they do not have a plan to save through discretionary income. Investors who start with no matter how small their savings are if they invest in Bitcoin from discretionary income in the DCA method they will.

The bottom line to be a successful Bitcoin investor, is that one must be financially stable no matter who you are in other for you to remain focus and regularly be accumulating Bitcoin no matter how little you are able to afford so that your long term holding of within 4-10 years will be successful and not be wasteful in respective of the strategy you adopt, also avoid selling your investment along the line no matter how profitable and big your investment becomes to avoid falling off the track with regrets and end up being a no coiner which you started on a good ground.
Your Bitcoin investment should be handled with utmost care, not what you feel should be treated anyhow.

[NurseHub]

I'm reading this thread but I'm irritated with this walls of quoting, do you guys here find it funny to accept such quote as the one above?
Sure I agree with JayJuanGee, having an emergency funds and/or extra cash flow helps you through the journey of bitcoin investment. if you are caught up in an unforeseen circumstances you can ease yourself out through this emergency funds and still have your bitcoin not touch or tempered with that's the major reason it's encouraged.

[Figerland Shamrock]

Many normal people are not used to investing at all, so many normal people struggle to even invest 10% of their income into bitcoin or into anything else.  Many times beginners need to start with amounts that are more practical, such as 10%, yet still if you are able to invest higher amounts and still cover all your expenses, then surely you are likely to build up your bitcoin investment much faster, including that a person investing 30% of his income into bitcoin will be able to reach the investment of 1 years of his salary into bitcoin within about 3 years and 4 months.... which surely can be a good thing if people are able to accomplish that and without putting themselves into financial stress including maintaining various back up funds including emergency funds and reserve funds...and otherwise strong cashflow management practices.

At first it was quite difficult to invest because I was not used to investing like this, but over time, I myself have become accustomed to allocating higher than 30% of course this has covered monthly expenses, so that when there is still left over it is better to go to bitcoin than to buy consumptive goods.

Generally, it is good to have at least 3 months of emergency funds that are in the currency that your expenses are denominated, which you never touch absent an actual emergency in which you might lose income and/or your expenses might go up (such as an accident that involves costs). .. so then extra back up funds that you keep in excess of your emergency funds would be more flexible in regards to what those could be used for, such as buying bitcoin on the dip, or some other kinds of savings that you might have for example to buy yourself a computer or a phone or a car or a motorcycle or take your wife/girlfriend out for dinner or a special trip, buy a bike for your daughter or some other kind of thing that might not be in your regular budget but you want to save up for.

After seeing the balance in the bank, it is enough for the next 5 months as a reserve fund and this has indeed been untouched for 3 months because there has not been any urgency, so I will continue to maintain it while I can with the emergency fund.

But unfortunately the extra reserve fund does not exceed the emergency fund, this is only a little that is owned but I will not buy unnecessary items, because I already have items like what you mentioned such as computers, mobile, motorbikes.
Because I have a family, of course, I prefer to stay at home with my wife and children to save.

The rest is still trying to be allocated to something more productive.

[laijsica]

I have planned to keep 20% of my offline physical income in Bitcoin. I have heard success stories of Bitcoin investment from many people. I have heard success stories of Bitcoin investment from everyone. I have developed a very beautiful love for Bitcoin investment and long-term holding of Bitcoin investment in which I can plan to hold my Bitcoin for a long time. Since I have had a fixed income arrangement for quite some time, I could not delay investing in Bitcoin. Also, I have definitely gained experience in investing. I am also experienced enough to provide security for my investment, so I will keep 20% of my intended income in Bitcoin investment.

Your plan may be right, but it may be difficult to allocate the same amount of Bitcoin every month/week. Adjusting to the multiple needs of the family is very challenging for many low- and middle-income people. Sometimes the family expenses may be more than you think. The reality is that it is a great opportunity to build your future through income matching with needs and investing.
Accumulation Bitcoin from discretionary income may be considered more logical because in this case, you can meet your needs every week/month and keep moving normally. A significant advantage of accumulation Bitcoin from discretionary income is that you can implement yourself according to a long-term plan regularly while meeting each need. If you have an obligation to allocate a mandatory portion of your income for investment, you may be likely to become poor. Or the supply of each product according to the family's needs may be disrupted or there may be a financial crisis to get emergency medical treatment. You are quite experienced in investing but you cannot ensure the same amount of allocation every month/week as per your plan. This is almost certain because I have tried to do it in this way and have not been successful. I feel comfortable accumulation Bitcoin from discretionary income and therefore I have been having great success in the long term.

Everyone's needs or expenses can never be the same, you don't know how good he's doing financially neither can you tell the amount he receives as income therefore you're not in the right position to tell if allocating 20% of it would be difficult for his investment plan on a weekly or monthly basis, maybe it might had been difficult for you, but speaking for everyone makes no sense and if he's comfortable with investing 20% of his incoming at any intervals suitable for him be it weekly or monthly basis then it's good for him, achieving his statement depends on his financial capacity and from the way it sounds, it seems he's very ready and comfortable with allocating that percentage of his income to Bitcoin and if there's any need to adjust in the future due to situations like larger family, more expensive and the rest then he could adjust but for now, I think he's good to go.

20% of your income is considered good for investment but I have already described my own experience that this may not be an easy consideration for everyone. You may be comfortable with having sufficient funds/alternative reliable sources of income at the moment but times may change and circumstances may arise that your family expenses may increase further. Or you may have to reduce the amount of cash funds to grow real assets. I think this type of financial trend can happen to most investors. Another important consideration you should keep in mind is that the price of Bitcoin may fall much lower than you expected which may cause you to regret investing your 20%. Although the chances of this are very low but you should be prepared for every adversity.
With discretionary income you do not need to put extra mental tension on accumulation Bitcoin because the amount you have already allocated for Bitcoin is additional funds (disposable income) beyond your family's daily needs. You might think that he is very ready and comfortable with that percentage of Bitcoin but he will soon come to terms with reality and accumulate Bitcoin from his resonable discretionary income for the long term.

[$crypto$]

Dip is setting up nicely , so get ready for it.


soon to go under 80k

Prepare extra money to buy during the Dip because it's now.
It seems that the bearmarket will come sooner than expected bullrun --- but in this dip we will own more BTC as the price continues to fall.

Just don't panic if you're an investor - it's time to buy more.

[JayJuanGee]

[edited out]

The bottom line to be a successful Bitcoin investor, is that one must be financially stable no matter who you are in other for you to remain focus and regularly be accumulating Bitcoin no matter how little you are able to afford so that your long term holding of within 4-10 years will be successful and not be wasteful in respective of the strategy you adopt, also avoid selling your investment along the line no matter how profitable and big your investment becomes to avoid falling off the track with regrets and end up being a no coiner which you started on a good ground.
Your Bitcoin investment should be handled with utmost care, not what you feel should be treated anyhow.

There is no guarantee that you are going to be successful in your bitcoin investment, even if you invest 4-10 years or more... and even if you do everything perfect.

Nothing wrong with your idea to stay focused on accumulating bitcoin through buying and not including selling within your approach, but that still does not guarantee you to be successful after 4-10 years or longer in bitcoin.

Many normal people are not used to investing at all, so many normal people struggle to even invest 10% of their income into bitcoin or into anything else.  Many times beginners need to start with amounts that are more practical, such as 10%, yet still if you are able to invest higher amounts and still cover all your expenses, then surely you are likely to build up your bitcoin investment much faster, including that a person investing 30% of his income into bitcoin will be able to reach the investment of 1 years of his salary into bitcoin within about 3 years and 4 months.... which surely can be a good thing if people are able to accomplish that and without putting themselves into financial stress including maintaining various back up funds including emergency funds and reserve funds...and otherwise strong cashflow management practices.

At first it was quite difficult to invest because I was not used to investing like this, but over time, I myself have become accustomed to allocating higher than 30% of course this has covered monthly expenses, so that when there is still left over it is better to go to bitcoin than to buy consumptive goods.

O.k. no problem.  I was mostly attempting to point out that it is not normal for many people to be able to invest that high, yet if you have found ways for that level of aggressiveness in your bitcoin investment to work for you in a sustainable way, then you are likely able to build up your bitcoin investment size (relative to your income/expenses) in a much quicker way than regular people who might struggle to achieve those levels of investment into bitcoin.

Generally, it is good to have at least 3 months of emergency funds that are in the currency that your expenses are denominated, which you never touch absent an actual emergency in which you might lose income and/or your expenses might go up (such as an accident that involves costs). .. so then extra back up funds that you keep in excess of your emergency funds would be more flexible in regards to what those could be used for, such as buying bitcoin on the dip, or some other kinds of savings that you might have for example to buy yourself a computer or a phone or a car or a motorcycle or take your wife/girlfriend out for dinner or a special trip, buy a bike for your daughter or some other kind of thing that might not be in your regular budget but you want to save up for.

After seeing the balance in the bank, it is enough for the next 5 months as a reserve fund and this has indeed been untouched for 3 months because there has not been any urgency, so I will continue to maintain it while I can with the emergency fund.

But unfortunately the extra reserve fund does not exceed the emergency fund, this is only a little that is owned but I will not buy unnecessary items, because I already have items like what you mentioned such as computers, mobile, motorbikes.
Because I have a family, of course, I prefer to stay at home with my wife and children to save.

The rest is still trying to be allocated to something more productive.

I understand that some people are able to share expenses with family, which can help them to invest more, while still maintaining their various family obligations too, so in the longer run, your investment may well end up benefiting you and your family more... Hopefully.

Another thing, since you are a newbie here, it may well take a while for guys to get to know you, and perhaps you might be able to report any of your various adjustments along the way, and sure there is no need to give up personal information in the process, even though guys are still getting to know you and to perhaps attempt to verify what you are saying (and doing) makes sense.. .and yeah,it can make a difference if you have been investing 30% of your income into bitcoin for a few months versus a few years versus several years, and surely I had already given quite a few examples in which guys are putting themselves into a pretty good place when they had merely invested in the ballpark of 15% to 17% over a period of about two bitcoin cycles... and for sure, bitcoin's past performance does not guarantee future results, either.

[edited out]

20% of your income is considered good for investment but I have already described my own experience that this may not be an easy consideration for everyone. You may be comfortable with having sufficient funds/alternative reliable sources of income at the moment but times may change and circumstances may arise that your family expenses may increase further. Or you may have to reduce the amount of cash funds to grow real assets. I think this type of financial trend can happen to most investors. Another important consideration you should keep in mind is that the price of Bitcoin may fall much lower than you expected which may cause you to regret investing your 20%. Although the chances of this are very low but you should be prepared for every adversity.
With discretionary income you do not need to put extra mental tension on accumulation Bitcoin because the amount you have already allocated for Bitcoin is additional funds (disposable income) beyond your family's daily needs. You might think that he is very ready and comfortable with that percentage of Bitcoin but he will soon come to terms with reality and accumulate Bitcoin from his resonable discretionary income for the long term.

Of course, anyone investing 20% of his income into bitcoin for years and perhaps over a cycle or two is likely to put himself into a very good position, and surely there should be no need to worry about the bitcoin price whether it is going up or going down, even though sometimes a person might start to want to account for bitcoin's price after he has already been investing for a while, such as over a whole cycle.. even though it may or may not be necessary, even after a whole cycle of investing into bitcoin to start to tailor bitcoin buys around dips rather than just buying bitcoin ongoingly, persistently and regularly.

Dip is setting up nicely , so get ready for it.
soon to go under 80k

Prepare extra money to buy during the Dip because it's now.
It seems that the bearmarket will come sooner than expected bullrun --- but in this dip we will own more BTC as the price continues to fall.

Just don't panic if you're an investor - it's time to buy more.

It is probably time to not get overly excited.  If you are a newbie and you are investing into bitcoin for a fairly short time, it is likely better that you don't fuck around with trying to change your actions, and just buy regularly whether it is weekly or otherwise.  Sure some guys might try to time their weekly bitcoin buys, but there tends to be no real advantage to be fucking around trying to figure out if there is a dip or not or to hold back waiting for more dips that may or may not end up happening.

Sure there are some guys that already invest 100% of their bitcoin investing budget on a weekly basis, yet there might be some other guys that hold back portions of their budget, such as 25% for the purpose of buying dips, yet I also see no reason to overly get excited since if you are a guy who has been holding back for buying on dips, you likely already have set your various levels for buying at various points, and surely you can really have no ideas in regards to how long the dip is going to last or how low it is going to go, so hopefully whatever systems that you have in place take out any reasons for you to be getting emotional about your bitcoin buys or for you to justify holding back too much cash for buying dips that may or may not end up happening.  If you are buying weekly and you do not have any special funds set aside for buying dips, then you are likely going to catch some aspect of the dips just through your regular bitcoin buys.

[LDL]

Dip is setting up nicely , so get ready for it.
soon to go under 80k

Prepare extra money to buy during the Dip because it's now.
It seems that the bearmarket will come sooner than expected bullrun --- but in this dip we will own more BTC as the price continues to fall.

Just don't panic if you're an investor - it's time to buy more.

Bitcoin has entered a bear market once again, and there are many investment opportunities for those who missed out on the previous bear market. But for a cautious investor like me, holding Bitcoin will never be a good idea. I have been selling Bitcoin all the time. However, this year I decided to hold on to Bitcoin in my portfolio until 2030 instead of selling it. However, for those who have not invested yet, this is the right time to invest in the DIP market, and if you have sufficient planning, you should definitely invest in Bitcoin and hold it.

[JayJuanGee]

Dip is setting up nicely , so get ready for it.
soon to go under 80k

Prepare extra money to buy during the Dip because it's now.
It seems that the bearmarket will come sooner than expected bullrun --- but in this dip we will own more BTC as the price continues to fall.

Just don't panic if you're an investor - it's time to buy more.

Bitcoin has entered a bear market once again, and there are many investment opportunities for those who missed out on the previous bear market. But for a cautious investor like me, holding Bitcoin will never be a good idea. I have been selling Bitcoin all the time. However, this year I decided to hold on to Bitcoin in my portfolio until 2030 instead of selling it. However, for those who have not invested yet, this is the right time to invest in the DIP market, and if you have sufficient planning, you should definitely invest in Bitcoin and hold it.

I doubt that we have entered a bear market, even though we are still in a correction.

sure it is possible, but I doubt it.

We have been in a bullmarket since November 2022, and it was not confirmed to be a bull market until either mid-2023 when we bounced pretty well above the 200-WMA, or perhaps sometime in late October 2023 when we clearly bounced way above the 200-WMA.

We have not yet bounced out of our current bull market.

If we get into the lower $60ks and stay there, then I might concede, but I still might not.

In bitcoin, a correction is not the same as going into a bear market, and we can ONLY be in either a bear market or a bull market.  NOT both.... so it seems that we are in a bull market until we are in a bear market.. and it is too early to proclaim that we are in a bull market... at least from my perspective... but yeah, some guys just love to throw around meaningless terms and proclaim that we are in a bear market when we are not.  

[Tungbulu]

Dip is setting up nicely , so get ready for it.
soon to go under 80k

Prepare extra money to buy during the Dip because it's now.
It seems that the bearmarket will come sooner than expected bullrun --- but in this dip we will own more BTC as the price continues to fall.

Just don't panic if you're an investor - it's time to buy more.

It is probably time to not get overly excited.  If you are a newbie and you are investing into bitcoin for a fairly short time, it is likely better that you don't fuck around with trying to change your actions, and just buy regularly whether it is weekly or otherwise.  Sure some guys might try to time their weekly bitcoin buys, but there tends to be no real advantage to be fucking around trying to figure out if there is a dip or not or to hold back waiting for more dips that may or may not end up happening.

Sure there are some guys that already invest 100% of their bitcoin investing budget on a weekly basis, yet there might be some other guys that hold back portions of their budget, such as 25% for the purpose of buying dips, yet I also see no reason to overly get excited since if you are a guy who has been holding back for buying on dips, you likely already have set your various levels for buying at various points, and surely you can really have no ideas in regards to how long the dip is going to last or how low it is going to go, so hopefully whatever systems that you have in place take out any reasons for you to be getting emotional about your bitcoin buys or for you to justify holding back too much cash for buying dips that may or may not end up happening.  If you are buying weekly and you do not have any special funds set aside for buying dips, then you are likely going to catch some aspect of the dips just through your regular bitcoin buys.

Yeah, I believe it’s probably just best for newbies to keep things pretty simply with their accumulation process, by just sticking to a simple and regular accumulation schedule, it could be on a weekly basic or whatever interval that sits well with them and works for them. Because trying to time the market or waiting for a DIP to come first before you make your buys can be a really stressful approach and may as well not pay off most of the time.

Even those who are considered to be experienced in the investment business who manages to keep aside some part of their funds for buying the DIP still may not be able predict just how long the DIP may take before it eventually comes, or how long it’ll last or how low it’ll go when it eventually comes. So it’s kinda like you’re just chasing shadows or some ghost that you’re not exactly sure where it is or where it’ll be. And that’s why it’s always advised for investors to have a more solid plan in check in order to avoid certain situations where you’ll end up mixing up emotions with your investment or your accumulation.

If an investor is regularly buying at every market condition, they may likely catch some DIPS along the way as they invest, which is a very important and major advantage of consistent buying through the DCA strategy, you get the chance to take advantage of different market conditions without necessarily having to wait for it. Even without putting aside some kind of a special funds kept aside for buying DIPs, you’ll still end up benefiting from it. The key is always to stay consistent with your  buys, sticking to your budgets and goals, and by all means, avoid to get caught up in the loop of attempting to accurately time the market.

[ZeroVinsonN]

Yeah, I believe it’s probably just best for newbies to keep things pretty simply with their accumulation process, by just sticking to a simple and regular accumulation schedule, it could be on a weekly basic or whatever interval that sits well with them and works for them. Because trying to time the market or waiting for a DIP to come first before you make your buys can be a really stressful approach and may as well not pay off most of the time.

A newbie waiting for a dip is not a very smart investment move, its like trying to run before learning to walk and rushing into things like that can have backlashes, thr newbie might end up usinf more than discretionary funds to buy, this is if the DIP actually happens, a newbie who is waiting for a DIP might wait for too long and get discouraged from investing before the DIP happens, using a simpler, more newbie friendly investment strategy like the DCA is a better choice for a newbie.

Even those who are considered to be experienced in the investment business who manages to keep aside some part of their funds for buying the DIP still may not be able predict just how long the DIP may take before it eventually comes, or how long it’ll last or how low it’ll go when it eventually comes. So it’s kinda like you’re just chasing shadows or some ghost that you’re not exactly sure where it is or where it’ll be. And that’s why it’s always advised for investors to have a more solid plan in check in order to avoid certain situations where you’ll end up mixing up emotions with your investment or your accumulation.

Predicting Bitcoin's price shift can be difficult even for experienced investors, the time the DIP happens isn't something anyone planned before hand, and no one can tell how low the price will actually go, or even how long the price will stay that low, it's a spontaneous occurrence and most investor who buy the DIP just go with it whenever it happens without really planning for it, they might have saved up a bit for the dip, but they also understood that there was no way if knowing when it was actually happening.

If an investor is regularly buying at every market condition, they may likely catch some DIPS along the way as they invest, which is a very important and major advantage of consistent buying through the DCA strategy, you get the chance to take advantage of different market conditions without necessarily having to wait for it. Even without putting aside some kind of a special funds kept aside for buying DIPs, you’ll still end up benefiting from it.

This is why DCAing is done by investors, regardless of the market condition, they just keep buying, which means that they are bound to run into one DIP or another during that time and they can buy at a low price without even preparing for it beforehand and without really keeping money aside for buying a dip that may not happen, but this can only happen through the DCA method.

The key is always to stay consistent with your  buys, sticking to your budgets and goals, and by all means, avoid to get caught up in the loop of attempting to accurately time the market.

Get your funds in order, pay your bills, make sure to buy consistently with your discretionary funds and be prepared to with for a long time because short term goals don't work with bitcoin, go with the flow of the market, don't try to predict it, instead allow it to unravel itself for you, don't be discouraged by price depreciation, jut keep buying, don't sell your bitcoin early for any reason, have an emergency fund ready to protect your investment from early selling, buy consistently and hodl for dear life.

[sotelorene]

Dip is setting up nicely , so get ready for it.


soon to go under 80k

Prepare extra money to buy during the Dip because it's now.
It seems that the bearmarket will come sooner than expected bullrun --- but in this dip we will own more BTC as the price continues to fall.

Just don't panic if you're an investor - it's time to buy more.

It gladden's my heart when I see this your post, for encouraging investors to take advantage this period that the price of Bitcoin has drop and this your post alone can make someone that wanted to sell his or her investment because of the price to have a double thought because even as I am saying this now some people are still selling there investment because of the fear that Bitcoin will dump and never go up  again which is not absolutely correct. However, the price of Bitcoin some hours ago was $74k and so for those investors who were looking for a dip to invest the time is here and now because anything that makes Bitcoin to appreciate in this price now, it will be very hard to see it again because it has fluctuated around this price for long. Those who didn't invest when it was $60k plus and was regretting the opportunity is here again once more so make it worth it.