Buy the DIP, and HODL!

[Ruttoshi]

Investing requires a steady flow of income. If you don't have a steady stream of income, where will you get your discretionary income from ? When you are just starting out and learning about Bitcoin, you may not have a steady source of income. But to accumulate Bitcoin in future, you need to find a steady flow of discretionary income and deposit with it, otherwise you won't be able to stay invested for the long term.

You don't need a steady flow of income before you can invest into bitcoin what you need is a discretionary income. Some investors income comes in once in a while maybe twice or three times in a year, it depends on how many contract they could get in a year. Yea, I am talking about contractors. Contractors once income can be more than some people having income regularly.

He can invest in bitcoin when gets paid by seperating his discretionary income from his basic needs and expenses funds that will serve him till he gets another contract. He can spread his discretionary income in several weeks to DCA with it. What about a gambler than won a jackpot. He can invest with the money into bitcoin continuously with DCA.

What really matters is proper plan on your income and use your discretionary income properly whether it's steady or unstable in order to keep your bitcoin accumulation ongoing for 4-10 years and above. Some people have steady flow of income but they don't have discretionary income. Your income should be higher than your monthly expenses in order for you to have discretionary income.

[SPIDERMAN008]

You are absolutely correct, it is not impossible for someone to invest in Bitcoin without a source of income I mean what they fuck are they using to accumulate if they don't have source of income.

Having a source of income and having a discretionary income are two different things you need to take not off, they are not the same, what is needed to invest in Bitcoin is a discretionary income not a source of income, because their are so many folks that have a source of income but still can't figure out their discretionary income, so if you have a source of income their no guarantee that such person will invest in Bitcoin and be successful if he can't sorts out his discretionary income from there.

Discretionary income comes from normal sources of income. If there is no income, then there will be no discretionary income. If someone wants to invest in Bitcoin, then the first thing that is most important is to have discretionary income. Now if someone has income but all of that income ends up in running his daily life, then if he saves his required money and invests in Bitcoin, then it will never be good for him. Because investing in Bitcoin is long-term investment. In addition to continuing the investment for a long time, he has to ensure regular discretionary income. And along with this, he will have to form an emergency fund and a reserve fund as a back-up fund so that in case of any unexpected financial problem in the future, he can take money from that fund and solve it without selling Bitcoin. So if someone does not have discretionary income, then he should not hope to invest in Bitcoin. In this situation, he will increase the amount of his income or create another source of income. This will create a position for his investment in Bitcoin when he has stable discretionary fund .

[ZeroVinsonN]

You are absolutely correct, it is not impossible for someone to invest in Bitcoin without a source of income I mean what they fuck are they using to accumulate if they don't have source of income.

Having a source of income and having a discretionary income are two different things you need to take not off, they are not the same, what is needed to invest in Bitcoin is a discretionary income not a source of income, because their are so many folks that have a source of income but still can't figure out their discretionary income, so if you have a source of income their no guarantee that such person will invest in Bitcoin and be successful if he can't sorts out his discretionary income from there.
Having a source of income is very important in taking care of yourself and your basic needs, but if you can't figure out your discretionary income and you went ahead and invest, you are just gambling, and the end product of such actions wouldn't be pleasing because selling it prematurely will be inevitable.

You need money to be able to invest, a source of income breeds discretionary income, so while a source of income does play a crucial role in generating discretionary income, you don't need a steady source of income, the periodicity and regularity of your income doesn't have to be steady, it just has to be enough for you to be able to get a discretionary income from it after taking care of yourself and your essentials.
So you need discretionary income to invest and you need a means to renew you discretionary income if you want your investment to be consistent but not a steady source of income.

You seems to be saying almost the same thing that have been said in the post you are replying because apparently no difference between what you guys are saying. And if you don't mind, I would like to know what you meant by renew one discretionary income? We don't renew discretionary income but will do get it after taking care of every expenses and then the money left is our discretionary and as an investor you should not allow your discretionary income to get finish before you start try to sort it out, it should be something that will be there always to enable our investment running.

I'm sure we can both agree that Discretionary income is what's left behind after a person has paid for and settled all of his essentials, so about the renewing of your discretionary income let's consider an investor who is a salary earner and let's say he gets paid monthly after which he decides to stock up on food, pay for his different bill and more or less settles all of his expenditures, then at the end of the day he is left with a bit of extra cash, this is his discretionary income, there are alot of things he could do with this, my advice would be to invest in bitcoin with a reasonable percentage of it and also build up his emergency funds as well, he could try to treat himself to a little something as long as his discretionary income allows for that, so at the end of every month he renews his discretionary income with potentially slight changes in it's total amount, renew is prone to alot of different interpretations but this is mine.

[Alonso_]

Buy the DIP, and HODL!
just obey the title of the thread.

You don't seem to understand what has been discussed in this thread... including that buying the dip is likely an inferior practice especially for newbies.

That is why we speak about all three buying practices in this thread.. and buy the dip is just one of them.  Try to oversimplify, and you get it wrong.. especially if you are trying to give advice to someone else, who might be better off to be buying all of the time rather than employing waiting strategies.

I think the biggest problem with the strategy of buying when prices fall is that we never know where the lowest point will be, sometimes people think that prices are already very cheap, but then they fall even further. As a result, many investors end up panicking. Therefore, the Dollar Cost Averaging (DCA) method is much safer and wiser than trying to wait for prices to fall to buy, with DCA, we don't need to wait for prices to fall, we just need to be disciplined in buying periodically with discretionary funds, regardless of whether Bitcoin prices are high or low, our focus is on the long term. This strategy also trains our minds to get used to volatility without getting too emotional.

Similar to saving gold, when we try to buy gold only when the price is low, doubts often arise, fear of missing the right moment, and ultimately not buying at all because the price has already risen, or buying but the price continues to fall, leading to regret. But if we consistently buy every week/month, we will unknowingly accumulate more, and the average purchase price will also become more stable. The same applies to Bitcoin, the most important thing is consistency, not trying to find the perfect timing.

Wrong it does not matter that prices fall more all that matters is you have enough fiat set aside to buy on the way down.


If you do not have spare fiat you simply do not belong on this thread.
If you do not believe in BTC in the long run you simply do not belong on this thread.

I made a few buys this dip and will continue yo buy the dip.

Along with dca of my mining.

I think it’s not compulsory to save fiat all with the mentality of buying the dip, this thread might be name buying the dip but I think that is absolutely different from the concept about this thread, because we necessarily don’t have to buy the dip, it’s a thing of choice, that is why we also have different method of buying and investing in bitcoin, like DCA and lump sum, I think all methods are good but the approach should be possibly considered.

In nutshell if you really wants to continue buying the dip that is your choice but I have decided to buy on a regular basis and not wait for any dip to come before I have to buy the bitcoin, and not everyone have enough fiat to save and buy the dip, so I think saving for the dip isn’t bad but buying on a regular basis is more appreciated.

[JayJuanGee]

Buy the DIP, and HODL!
just obey the title of the thread.

You don't seem to understand what has been discussed in this thread... including that buying the dip is likely an inferior practice especially for newbies.

That is why we speak about all three buying practices in this thread.. and buy the dip is just one of them.  Try to oversimplify, and you get it wrong.. especially if you are trying to give advice to someone else, who might be better off to be buying all of the time rather than employing waiting strategies.

I think the biggest problem with the strategy of buying when prices fall is that we never know where the lowest point will be, sometimes people think that prices are already very cheap, but then they fall even further. As a result, many investors end up panicking. Therefore, the Dollar Cost Averaging (DCA) method is much safer and wiser than trying to wait for prices to fall to buy, with DCA, we don't need to wait for prices to fall, we just need to be disciplined in buying periodically with discretionary funds, regardless of whether Bitcoin prices are high or low, our focus is on the long term. This strategy also trains our minds to get used to volatility without getting too emotional.

Similar to saving gold, when we try to buy gold only when the price is low, doubts often arise, fear of missing the right moment, and ultimately not buying at all because the price has already risen, or buying but the price continues to fall, leading to regret. But if we consistently buy every week/month, we will unknowingly accumulate more, and the average purchase price will also become more stable. The same applies to Bitcoin, the most important thing is consistency, not trying to find the perfect timing.

Bitcoin is in the ballpark of 1,000x better than gold or more, yet a lot of folks might not know about gold or want to get involved with gold, especially since bitcoin is in the ballpark or 1,000x better than gold.

Also, since bitcoin can be transported and divided in small quantities, it is additionally better than gold in terms of the transportability, yet also its verifiability, divisibility and various fees that might be associated.

I think the biggest problem with the strategy of buying when prices fall is that we never know where the lowest point will be, sometimes people think that prices are already very cheap, but then they fall even further. As a result, many investors end up panicking. Therefore, the Dollar Cost Averaging (DCA) method is much safer and wiser than trying to wait for prices to fall to buy, with DCA, we don't need to wait for prices to fall, we just need to be disciplined in buying periodically with discretionary funds, regardless of whether Bitcoin prices are high or low, our focus is on the long term. This strategy also trains our minds to get used to volatility without getting too emotional.

Similar to saving gold, when we try to buy gold only when the price is low, doubts often arise, fear of missing the right moment, and ultimately not buying at all because the price has already risen, or buying but the price continues to fall, leading to regret. But if we consistently buy every week/month, we will unknowingly accumulate more, and the average purchase price will also become more stable. The same applies to Bitcoin, the most important thing is consistency, not trying to find the perfect timing.

Wrong it does not matter that prices fall more all that matters is you have enough fiat set aside to buy on the way down.
If you do not have spare fiat you simply do not belong on this thread.

If you do not believe in BTC in the long run you simply do not belong on this thread.
I made a few buys this dip and will continue yo buy the dip.
Along with dca of my mining.

Anyone can participate in these bitcoin threads (including this thread), and we do not need to agree, even though you are giving bad suggestions to proclaim that there is some kind of superioririty regarding buying the dip strategies or keeping a lot of fiat on hand, when that is not true.  Your whole experience in bitcoin shows that it is not true, even though you proclaim that you have been getting better in recent years in terms of buying bitcoin and holding bitcoin rather than wanting to sell it as soon as you perceive a few percentage in profits.  Accordingly, you still have some of the same bad habits and bad mindset when it comes to building a bitcoin stack and priorities, including your putting too much emphasis on holding a lot of dollars, which tends to be a bad way to invest since the dollar (and other fiats) has been and continues to be ongoingly debased at great rates.

Sure, it probably is true that a certain amount of cash needs to be kept in order to both be able to pay expenses in the event that income dries up, and also to potentially account for mistakes when a person might be buying too much bitcoin, so there is a need to attempt to protect the bitcoin stash, yet there is no need to hold cash for buying dips, even though some folks might choose to hold some cash for buying dips, it likely is not a good strategy to hold cash for buying dips for either people who are new to bitcoin and/or people who are relatively low income.

Even folks who are low income might have trouble building up either cash and/or bitcoin, so each person has to figure out ways to balance their building up of their bitcoin holdings and figuring out how much cash that they want to or need to keep on hand in the case that they might need cash for their expenses.. and not necessarily for buying dips that may or may not happen.

People have to make choices how aggressively they are going to invest in bitcoin and how strong their cashflow management systems might be, and if they mess up their balances or if they are regretfully too whimpy or too aggressive, then they are going to have to pay the consequences of any mistakes that they might make.

Surely it can take a long time to build up a bitcoin investment, even for folks who are investing more than 10% of their income and even if they might be able to invest 25% of their income.  It can be difficult to both invest and to figure out what the balance for their back up funds should be, including when they are early investing it might take them a while to build back up funds to be 3 months of their expenses, and they might grow their bitcoin at a similar rate or they could choose to grow their bitcoin faster or slower.. but then if they have enough back up funds, whether that is 3 months or a bit more than that, they do not have to necessarily hold back any of that for buying dips... including that they might even purposefully choose to invest every week so that maybe they can catch any dips that might happen within any week in which they might be manually making their BTC buys.

[philipma1957]

time and time again

I dca minę every day and hodl.

and I sometimes buy the dip and hodl.


and I keep cash on hand for expenses so that I can hodl.

jjg simply does not understand I changed my methods and no longer use btc as a p2p method.

bots can be stupid at times.

[gracreavix]

You are absolutely correct, it is not impossible for someone to invest in Bitcoin without a source of income I mean what they fuck are they using to accumulate if they don't have source of income.

Having a source of income and having a discretionary income are two different things you need to take not off, they are not the same, what is needed to invest in Bitcoin is a discretionary income not a source of income, because their are so many folks that have a source of income but still can't figure out their discretionary income, so if you have a source of income their no guarantee that such person will invest in Bitcoin and be successful if he can't sorts out his discretionary income from there.
Having a source of income is very important in taking care of yourself and your basic needs, but if you can't figure out your discretionary income and you went ahead and invest, you are just gambling, and the end product of such actions wouldn't be pleasing because selling it prematurely will be inevitable.

Nice, if I get you well, you are trying to point out the difference between just earning and actually having something left aside that is safe enough to put into Bitcoin(Discretionary income).. Your explanation is actually on point.. Without a solid source of income, one can not even dream of discretionary income. You can’t extract leftovers from an empty plate, so the source is the main driver, and discretionary is what flows after the basics are settled.

Let me try to break it down clearer. A source of income simply means the stream of money that keeps you afloat, like salary, business profit, or side hustle returns..  It is mostly guaranteed or semi guaranteed inflow that takes care of rent, food, transport, health, and other obligations..  While discretionary income on the other hand is what comes after the bills have been handled..  So, before you starts talking about Bitcoin or any kind of investment, the base structure source of income must be strong enough to sustain life..

And yes, discretionary income should be the only funds used for investing, especially in something like Bitcoin..  Because if you use money that is supposed to cover rent, school fees, or medical bills, you will always be forced to sell prematurely once life demands it.. That is where most people mess up, they invest what they cannot afford to lose, and when pressure comes, they panic sell at the wrong time. But if the money is truly discretionary, then you can sit on Bitcoin longer, survive the storms, and allow time to proof itself. This is the difference between someone gambling blindly and someone investing with patience..

[Ryu_Ar1]

Investing requires a steady flow of income. If you don't have a steady stream of income, where will you get your discretionary income from? When you are just starting out and learning about Bitcoin, you may not have a steady source of income. But to accumulate Bitcoin in future, you need to find a steady flow of discretionary income and deposit with it, otherwise you won't be able to stay invested for the long term.

It would indeed be ideal if we had a stable income, but in the context of investing, I believe that even if we don't have a very stable income, as long as we can manage our finances well, then ultimately we can still invest.
The most important thing in this case is how we manage our finances and create a good budget plan so that we can support ourselves and our daily needs, while also setting aside money that we can use for investment.

It is indeed very good when we have a stable income, but waiting for that to happen is clearly not an easy thing for some people. After all, the economic stability we have certainly depends on how we manage it. So, if we always believe that stable conditions are the determining factor, then we cannot invest until we are economically stable? That is too far-fetched for me because, after all, whether we are stable or not is up to us, because what is most important in this matter is our intention and seriousness.

[Agbamoni]

time and time again

I dca minę every day and hodl.

and I sometimes buy the dip and hodl.


and I keep cash on hand for expenses so that I can hodl.

jjg simply does not understand I changed my methods and no longer use btc as a p2p method.

bots can be stupid at times.

Basically this is the conclusion of the whole matter regrading buying Bitcoin.

Pick a strategy, one that will be used continuous, hold it for long term.

On the process of holding and accumulating through that strategy, whenever the dip comes, you can always buy more if you have more discretionary income.

Emergency funds and savings are safety net, so you dont tamper your investment. Simple and no complications.

[Jostern]

time and time again

I dca minę every day and hodl.

and I sometimes buy the dip and hodl.


and I keep cash on hand for expenses so that I can hodl.

jjg simply does not understand I changed my methods and no longer use btc as a p2p method.

bots can be stupid at times.

I understand that certain individuals prefers certain methods, but it will be wrong if we lay an emphasis that certain method of buying bitcoin most especially buying the dip, by saying that buying the dip is superior to buying through the DCA, which is why you seems to have that priority of holding some cash for buying the dip and I will tell you that buying bitcoin on a consistent and regular basis is a much more efficient exercise, most especially for we plebs who are not able to buy through the lump sum, and aren’t also able to save money to buy through the dip just like you have suggested, because of lack of financial enablement and minimum cash flow.

However we can also understand that we have that responsibility of taking care of our expenses which is why we have to figure out our basic expenses as something that we have to take care of, and also there are things that we can decide to adjust and to give ourselves that opportunity of buying more bitcoin consistently on a regular basis, instead of saving that money to buy an unprecedented dip.

[2Pizza410000BTC]

time and time again

I dca minę every day and hodl.

and I sometimes buy the dip and hodl.


and I keep cash on hand for expenses so that I can hodl.

jjg simply does not understand I changed my methods and no longer use btc as a p2p method.

bots can be stupid at times.

You must be very successful because you are constantly buying and investing in Bitcoin every day. I think your income is high and you have a good enough source of income due to which you can invest in Bitcoin every day. Actually, we have a lot of desire to invest in this Bitcoin, although I cannot invest every day like you, but I can invest some fraction of Bitcoin every week because I have to manage my family with the money I earn, manage my family, and then I have to buy some amount of Bitcoin with the remaining part. If I had multiple good sources of income, I would buy Bitcoin with my entire income and hold it for the long term. Anyway, your plan is very good, maybe many people have much more money than you, but they are not able to plan like you.

[Justbillywitt]

time and time again

I dca minę every day and hodl.

and I sometimes buy the dip and hodl.

Dcaing everyday? I don't really buy the idea of dcaing everyday because most times you are likely to meet the price of bitcoin at same range you bought the previous day. To see significant change in the previous price you made your last buy, it takes days. That's why it's advisable to give some of days gap before buying again. Buying once or twice weekly will be more efficient than buying everyday when making use of the DCA strategy.

[G_Besar]

...

Basically this is the conclusion of the whole matter regrading buying Bitcoin.

Pick a strategy, one that will be used continuous, hold it for long term.

On the process of holding and accumulating through that strategy, whenever the dip comes, you can always buy more if you have more discretionary income.

Emergency funds and savings are safety net, so you dont tamper your investment. Simple and no complications.

This sounds simple and straightforward, but it should be understandable for novice investors or new investors who want to buy Bitcoin and hold it long-term by relying on a strategy that can be used consistently. However, if someone still has an unstable income, I think it will be a bit difficult to invest consistently, although this can be overcome by buying Bitcoin in varying amounts, adjusted to the amount of income they've earned over a certain period.

However, those who patiently accumulate Bitcoin by buying with their regular income will certainly experience greater financial benefits in the future. Because when the amount of Bitcoin that he accumulated in the previous period has become quite a lot, it is clear that he will have the opportunity to become a rich person if Bitcoin is at a price level that is much different from the current one.

[Sonia_123]

You are absolutely correct, it is not impossible for someone to invest in Bitcoin without a source of income I mean what they fuck are they using to accumulate if they don't have source of income.

Having a source of income and having a discretionary income are two different things you need to take not off, they are not the same, what is needed to invest in Bitcoin is a discretionary income not a source of income, because their are so many folks that have a source of income but still can't figure out their discretionary income, so if you have a source of income their no guarantee that such person will invest in Bitcoin and be successful if he can't sorts out his discretionary income from there.

Discretionary income comes from normal sources of income. If there is no income, then there will be no discretionary income. If someone wants to invest in Bitcoin, then the first thing that is most important is to have discretionary income. Now if someone has income but all of that income ends up in running his daily life, then if he saves his required money and invests in Bitcoin, then it will never be good for him. Because investing in Bitcoin is long-term investment. In addition to continuing the investment for a long time, he has to ensure regular discretionary income. And along with this, he will have to form an emergency fund and a reserve fund as a back-up fund so that in case of any unexpected financial problem in the future, he can take money from that fund and solve it without selling Bitcoin. So if someone does not have discretionary income, then he should not hope to invest in Bitcoin. In this situation, he will increase the amount of his income or create another source of income. This will create a position for his investment in Bitcoin when he has stable discretionary fund .

Bitcoin Investment is all about for discipline in other to succeed if not you will just be at the fence watching, without a normal source which I think you are talking about steady income, you can still have your discretionary income if you are serious about investing into bitcoin, you can get it from any job you do that fetches you income ,even if quarterly, or annual job as long as you have made up your mind and are serious about it, if you can't get discretionary income from your present income is to look for a supportive source of income to make you a bit stable and invest, bitcoin Investment using the dca strategy does not need much money just %10 only whenever you have funds on you and since the t is for a long-term it will be beneficial to you, and if you don't have money to continue your investment, you can pause until you start having money and then continue from where you stop .

Building your reserve and emergency funds should not be rushed since you are not financially strong, you take various stages bit by bit to become a successful bitcoin holder, it is better than becoming a no coiner, and if you are determined you will not temper your portfolio when you have fund to buy more, so that you will be financially free in future.

[JayJuanGee]

time and time again
I dca minę every day and hodl.

and I sometimes buy the dip and hodl.
and I keep cash on hand for expenses so that I can hodl.

jjg simply does not understand I changed my methods and no longer use btc as a p2p method.
bots can be stupid at times.

You are correct.

I don't understand, and you speak a bit inconsistently, but let's see how it goes.  I am willing to accept the new you, but you keep telling me things that causes me to question your spin, even your bragging about your copper endeavors seems a bit of a stretch.. and sure I understand that once you have them, then you have to deal with them, but it was not really a good idea (even though it is currently working out for you to stack some corn at a reasonably good trade rate), at least from my perspective.

You are absolutely correct, it is not impossible for someone to invest in Bitcoin without a source of income I mean what they fuck are they using to accumulate if they don't have source of income.

Having a source of income and having a discretionary income are two different things you need to take not off, they are not the same, what is needed to invest in Bitcoin is a discretionary income not a source of income, because their are so many folks that have a source of income but still can't figure out their discretionary income, so if you have a source of income their no guarantee that such person will invest in Bitcoin and be successful if he can't sorts out his discretionary income from there.
Having a source of income is very important in taking care of yourself and your basic needs, but if you can't figure out your discretionary income and you went ahead and invest, you are just gambling, and the end product of such actions wouldn't be pleasing because selling it prematurely will be inevitable.

Nice, if I get you well, you are trying to point out the difference between just earning and actually having something left aside that is safe enough to put into Bitcoin(Discretionary income).. Your explanation is actually on point.. Without a solid source of income, one can not even dream of discretionary income. You can’t extract leftovers from an empty plate, so the source is the main driver, and discretionary is what flows after the basics are settled.

Let me try to break it down clearer. A source of income simply means the stream of money that keeps you afloat, like salary, business profit, or side hustle returns..  It is mostly guaranteed or semi guaranteed inflow that takes care of rent, food, transport, health, and other obligations..  While discretionary income on the other hand is what comes after the bills have been handled..  So, before you starts talking about Bitcoin or any kind of investment, the base structure source of income must be strong enough to sustain life..

And yes, discretionary income should be the only funds used for investing, especially in something like Bitcoin..  Because if you use money that is supposed to cover rent, school fees, or medical bills, you will always be forced to sell prematurely once life demands it.. That is where most people mess up, they invest what they cannot afford to lose, and when pressure comes, they panic sell at the wrong time. But if the money is truly discretionary, then you can sit on Bitcoin longer, survive the storms, and allow time to proof itself. This is the difference between someone gambling blindly and someone investing with patience..

The reason that discretionary income involves money that you can afford to lose because you make a choice.

Discretionary income can be spent on anything whether investment, consumption or savings, so you can choose to totally gamble it away, if you like.

You may well make a choice to invest into bitcoin with all of your discretionary income or you might choose some portion of that discretionary income to go into investing rather than buying cigarrettes..  and yeah, cigarrettes are equally valid if a person chooses to use his discretionary income to buy cigarrettes  and perhaps some other thriller, exciting and expensive habits that a person might have.

The person with the expensive habits might find that when he arrives 10 years down the road that he had not made any financial progress in life.  He thought that he was happy with his various expensive habits, yet maybe 10 years down the road he is in his 50s rather than his 40s, and he is finding that his income is going down or he is not able to earn as much money, and even though he had a lot of fun in his youth, he has nothing to show for it.

He made choices when he was in his 20s, 30s and 40s, and some people choose to focus on investing, others choose to focus on consuming  and perhaps some choose to focus on saving, yet if they kept their money in cash rather than assets (such as bitcoin), then they might find that their savings did not appreciate in value and instead it lost value... so we make choices, and there are consequences to our choices, and discretionary money means that we can choose to do whatever we like whether it is investment consumption or savings.

I would not say to do only one of them, yet we can figure out out to strike a balance since we likely need to bring ourselves some pleasures, yet if our budget is tight, we might have to choose to figure out how to prioritize investing, even if investing means that we won't be able to consume as much in the present.

None of us can tell anyone else whether to prioritize cigarettes over investing... and part of the idea of discretionary is that we can do what we like with it, which is a reason why some folks refer to discretionary income as disposable income... meaning we can throw it away if we like, and when we invest into bitcoin maybe we might think that we are throwing it away, and we are willing to wait 4-10 years or longer before we will start to cash in on the investment, and we are not guaranteed to be in profits, but we invest into something like bitcoin that we believe is more likely to be profitable than not.

[danadc]

Bitcoin Investment is all about for discipline in other to succeed if not you will just be at the fence watching, without a normal source which I think you are talking about steady income, you can still have your discretionary income if you are serious about investing into bitcoin, you can get it from any job you do that fetches you income ,even if quarterly, or annual job as long as you have made up your mind and are serious about it, if you can't get discretionary income from your present income is to look for a supportive source of income to make you a bit stable and invest, bitcoin Investment using the dca strategy does not need much money just %10 only whenever you have funds on you and since the t is for a long-term it will be beneficial to you, and if you don't have money to continue your investment, you can pause until you start having money and then continue from where you stop .

I agree, the truth is this makes me remember that on the Spanish board I said something like that and I didn't know that leaving some discretionary income to buy on the dip was a variant of the DCA method, because the DCA method consists of buying daily, weekly, monthly whatever the quota of money to accumulate, I thought that some other income to buy on the dip was another strategy or method and no, it turns out that it is the variant, but it is the safest way to do intelligent DCA work.

[Bigjoe33]

I think it’s not compulsory to save fiat all with the mentality of buying the dip, this thread might be name buying the dip but I think that is absolutely different from the concept about this thread, because we necessarily don’t have to buy the dip, it’s a thing of choice, that is why we also have different method of buying and investing in bitcoin, like DCA and lump sum, I think all methods are good but the approach should be possibly considered.

In nutshell if you really wants to continue buying the dip that is your choice but I have decided to buy on a regular basis and not wait for any dip to come before I have to buy the bitcoin, and not everyone have enough fiat to save and buy the dip, so I think saving for the dip isn’t bad but buying on a regular basis is more appreciated.

Absolutely agree with you. Buying or investment in Bitcoin is by interest and/or by choice, and the method or strategy to which you decide to buy or accumulate with is also very much by the choice of the investor and also his level of discretionary income resulting for his cash flow. Yea, your level of ncome also has a role to play in the strategy one might decide to adopt in buying of Bitcoin. This is because a low income earner will surely be left with just little discretionary after sorting out expenses, and such an investor wouldn't opt or go for buying the lump sum and/or buying the Dip. The only strategy available and convenient for him now is the DCA because he has to manage his little discretionary to invest in Bitcoin slowly and hoping his discretionary increasea so can up his investment too.

So to a very large extent, our income has a major role to play in the amount of Bitcoin we can or would be able to accumulate. Thats why it would always be by choice and never compulsory to always buy a lump sum, or wait for a dip opportunity before buying Bitcoin. As plebs with a low income, once you get your discretionary, you can accumulate Bitcoin gradually. This has made Bitcoin accumulation so easy and convenient for everyone, as it will always allow you to buy on the regular basis and keep you growing.

[Barikui1]

I agree, the truth is this makes me remember that on the Spanish board I said something like that and I didn't know that leaving some discretionary income to buy on the dip was a variant of the DCA method, because the DCA method consists of buying daily, weekly, monthly whatever the quota of money to accumulate, I thought that some other income to buy on the dip was another strategy or method and no, it turns out that it is the variant, but it is the safest way to do intelligent DCA work.

If you are buying regularly with the DCA accumulating strategy, their is no point disturbing yourself about the dip because you can equally buy the lowest part of the dip through the dca accumulating method, since you will get to buy at every price interval regardless of it price.
What Investors are advised to do is to always have a reserve funds in place so that when their is a dip in the market, you can use your reserve funds to buy and accumulate Bitcoin aggressively then, but if you have no reserve funds in place while accumulating Bitcoin through the dca accumulating strategy, their is no point doing more than yourself because the DCA accumulating strategy is quite ok, and your investment will be fine as long as you stay on track while accumulating Bitcoin weekly or monthly.

[Tmoonz]

I think it’s not compulsory to save fiat all with the mentality of buying the dip, this thread might be name buying the dip but I think that is absolutely different from the concept about this thread, because we necessarily don’t have to buy the dip, it’s a thing of choice, that is why we also have different method of buying and investing in bitcoin, like DCA and lump sum, I think all methods are good but the approach should be possibly considered.

In nutshell if you really wants to continue buying the dip that is your choice but I have decided to buy on a regular basis and not wait for any dip to come before I have to buy the bitcoin, and not everyone have enough fiat to save and buy the dip, so I think saving for the dip isn’t bad but buying on a regular basis is more appreciated.

Absolutely agree with you. Buying or investment in Bitcoin is by interest and/or by choice, and the method or strategy to which you decide to buy or accumulate with is also very much by the choice of the investor and also his level of discretionary income resulting for his cash flow. Yea, your level of ncome also has a role to play in the strategy one might decide to adopt in buying of Bitcoin. This is because a low income earner will surely be left with just little discretionary after sorting out expenses, and such an investor wouldn't opt or go for buying the lump sum and/or buying the Dip. The only strategy available and convenient for him now is the DCA because he has to manage his little discretionary to invest in Bitcoin slowly and hoping his discretionary increasea so can up his investment too.

So to a very large extent, our income has a major role to play in the amount of Bitcoin we can or would be able to accumulate. Thats why it would always be by choice and never compulsory to always buy a lump sum, or wait for a dip opportunity before buying Bitcoin. As plebs with a low income, once you get your discretionary, you can accumulate Bitcoin gradually. This has made Bitcoin accumulation so easy and convenient for everyone, as it will always allow you to buy on the regular basis and keep you growing.

I agree with you to an extent but you need to also know that low income earner that is consistently making use of the DCA can as well decide to be saving up a percentage from his little discretionary income in to his reserve funds for the purposes of buying the dip in their ongoing dcaing even though there can be trade off in doing this since the dip may or may not not end up happening and when it comes buying with the lump sum he can also receive a bonus or win a lottery and decides to to use it and lump sum his investment right away that is to say a low income earner is not only subjected or limited in to making use of the DCA only in their accumulation process although we can talk about convenient when doing all of this to suits the investors risk tolerance level including investments objectives and goals.

[Fuso.hp]

I think it’s not compulsory to save fiat all with the mentality of buying the dip, this thread might be name buying the dip but I think that is absolutely different from the concept about this thread, because we necessarily don’t have to buy the dip, it’s a thing of choice, that is why we also have different method of buying and investing in bitcoin, like DCA and lump sum, I think all methods are good but the approach should be possibly considered.

In nutshell if you really wants to continue buying the dip that is your choice but I have decided to buy on a regular basis and not wait for any dip to come before I have to buy the bitcoin, and not everyone have enough fiat to save and buy the dip, so I think saving for the dip isn’t bad but buying on a regular basis is more appreciated.

The idea of saving and later investing in Bitcoin with that money is not bad, but many times investors cannot convert their savings into Bitcoin investment.

Suppose you are an investor, you have some money in your bank account, on the other hand, you have some investment in Bitcoin, now your financial need arises, but you must not sell your Bitcoin investment and try to meet that financial need by using your savings.
That is, I mean that you keep saving money in your investment plan, but before the specific time of investment, you have such a financial problem, as a result of which your investment was not made completely with that money, but that money was used for your financial needs, so the real purpose of the investment is not fulfilled.

So I think it is good that without saving a lot of money, when we have a part of the money left, we can invest in Bitcoin with that part of the money that is left. When we invest in Bitcoin continuously, even if our financial needs arise, we will try to meet those needs in other ways, but we will not easily sell our investment, as a result of which the real purpose of our investment will be fulfilled.