Buy the DIP, and HODL!

[Agbamoni]

That's up to you regarding how aggressive that you feel that you need to be for your own circumstances.  I know that between 2014 or so and 2020, I largely just recommended that guys get off zero and invest $10 per week into bitcoin; however, it seems that in order to even get comparable results, people in the west should be trying to get to $100 per week. and sure some folks could even do more, but $100 per week seems to be sufficiently aggressive without necessarily overdoing it for normies in the west.. but if you are not in the west and you are already starting with $12-$25 per week, you have to figure out your own level of aggressiveness and whether you believe that investing into bitcoin is a good use of your cash for you... especially since there are no guarantees that BTC will perform well.. so hopefully you are not depriving yourself too much.. . but again, those are your balancing choices.

Of course I will see how much my aggressiveness towards bitcoin will be in accordance with what I need, but I do not want to be excessive pressure..

Being a wise investor can be challenging because our natural instincts often lead us astray. It's essential to control our impulses and emotions. Typically, the best investors do things differently from the majority, which is quite tough. Even though many Bitcoin enthusiasts already do things differently, I believe our approach, staying calm and collected, aligns with what you mentioned – being intelligent when acquiring Bitcoin, doing so with careful thought and wisdom.

Well of course there is no guarantee at all that bitcoin will perform well, even the price can go down because there is volatility in the market, but we believe that BTC assets are important, and always read the history of bitcoin that it is likely to go up.

Absolutely, correct

[Odohu]

To me, it is a bit unclear what @snowpega is doing since he seems to be DCA'ing and also buying on dips, and there is nothing wrong with that so long as the person doing the BTC accumulating is still going to be sufficiently happy with what s/he had done if the BTC price ends up not dipping down to the expected prices whether that is going into the $23-$24k range or even dipping into some kind of an area that approaches $20k per BTC

I remembered someone commented on this thread that he is using DCA to buy and at this same time, he setup some funds for buying at what he considers as dip... I guess that is what @snowpega is doing. Like you said, anyone following this approach should be prepared not to beat himself up if Bitcoin price did not follow through as they expected.  

To me it continues to seem unrealistic to be putting too many hopes into buying on further dips when we are still more than $1k below the 200-week moving average..yet at the same time, there is nothing wrong with having some lump sum amounts that might be on the sidelines and ready to buy at various price points if the BTC price does end up dipping.. It just seems to be a common mistake for newbies to end up holding too much in reserves in order to prepare for dips that might not end up happening

By Newton's Law of physics, a body will continue in it's state of rest or uniform motion unless it is acted upon by external force. This law of inertia also apply to humans in a way. Some people will continue to expect dips and further dips until there is an obvious sustained bullish regime. This is how some people are wired. I do not consider this a defect rather, I see it as a demonstration of our uniqueness.  So, even though it may not seem realistic to you there are those who are convinced that price will dip further irrespective of it being oversold or not. What I have described is not peculiar to newbies, there are conservative old hands who still display this tendencies.  

[JayJuanGee]

DCA with emergency fund to me sound more convincing and easy to do more than setting aside a percentage from your total income on weekly basis,  since emergency funds can also be referred to as leftover money which will be more profitable when saved in an assets that are easily converted to cash like BTC,  and from what both of you guys already mentioned,  it quite clear that emergence will be the best since in both worst cast scenario and best case scenario if you have a well planned DCA approach you will still end in a good position,  since at that point you are not  depending on your income to make your investment but rather you are buying Bitcoin from your emergence savings.

But the only side to watch out in all of this is,  you must be smart enough not to exust all your emergency saving on buying the dip and in most cases you must at least leave a small portion of the savings behind so that when you have a real life emergency,  you will have the funds to sort them out.

That way,  the pressure won't be on you bitcoin holding at once and that can allow you to bear market conditions for some time based on long term Bitcoin approach.

To be real about this, using part of  emergency fund is not even advisable... You not guaranteed on the expenses of any emergency to happen at any point in time
Funds meant for emergency should be kept completely different, same goes to funds for Dcaing

If Bitcoin does what we all expect (based on our speculation), would it be foolish not to put a large portion of this savings into Bitcoin? In spite of raging inflation, my gut feeling is that an emergency fund is always prudent, as much as losing that purchasing power sucks.

Part of the asymmetric upside nature of bitcoin means that you do not necessarily have to invest a lot in order to potentially profit a lot, which likely means that you should invest reasonably and try NOT to lose your bitcoin over time, and you can choose your own level of aggressiveness that you choose to be in accordance with your BTC allocation/investment amounts.

You should not rush beyond your capabilities, so if you are having trouble investing between $10 to $100 per week, then maybe you either have to figure out ways to increase your cashflow or to decrease your expenses.. and at the same time, of course continue to have a decently good sized emergency cushion so that you can have a large amount of confidence that you will never need to use your bitcoin for emergencies (in other words your bitcoin should not be part of what you believe to be your emergency fund.. because you should ONLY be selling your BTC at a time that is completely at your own choosing. not because you are forced into such position.. and perhaps forced into such position due to inadequate/insufficient planning).

Very Sage Words well i think words you have mentioned here hits kinda different to me these words motivated me alot like as you said cashflow give confidence which is so accurate like this is also what i have experienced in my life. I remember when i had no money i was very demotivated like i used to talk people like those talks were very strange and demovited so when i started to earn money like i used to talk people very energetically and motivatedly.TBH these all are not about just money this is the true aspect of life that cashflow give you alot of confidence like i believe if you are rich whatever you say if it is shit people will also appreciate you on that why? Because this is not you who he talking at this time this is the the status you have build which they are seeing and giving you respect.

I would say at the start of this paragraph you said if we don't have much availability to invest that little amount that you have mentioned like 10$ to 100$ so this is not good time to invest this time is to be groom and come to that point we have enough potential to do investment which is we have as our savings and besides those saving we have enough amount to spend and fulfil our desires in that way we would be able to accumulate very well Amount of Btc.

Those Btc will not be extract as emergency position we will be able to extract those BTC only When we reach the Fix goal we have fixed in our minds So i think it is going to be a good idea

Each person has to figure out his own allocation, and I use $10 to $100 per week as an example of an amount that could work in order to attempt to make progress, but in the end, if someone is figuring out how much money s/he has available for investing, and s/he might consider that putting aside 10% for bitcoin investing, then it could take 10 years to invest 1 years worth of salary, and at the same time, whether that investment grows or not over the 10 years might help to inform such person about whether s/he is investing aggressively enough or whether s/he is allocating to the right kinds of assets, whether bitcoin or other assets or other ways of managing his/her investment portfolio.

[edited out]

I'd say you hold onto your emergency fund and start investing what you can into Bitcoin using a Dollar-Cost Averaging (DCA) plan. It's VERY IMPORTANT to have an emergency fund, Kodec and JJG explained it well. You already have enough money to cover a year's worth of mortgage, food, and gas, which is essential for times like these. I personally wouldn't take the risk, and I advise you not to either. Speculating on whether Bitcoin will increase by 100X after the next halving is uncertain. It's better to pay off your debt first and then invest what's left. Your mental well-being will benefit from this approach. As many others suggest, stick to your DCA strategy.

Usually the standards for emergency fund would be 3-6 months, and there could be separate kinds of buckets for various kinds of expenses, but emergency fund is something that is not really expected too.. of course, you could go up to a year, but that might be a bit too much.. depending on your circumstances.  

Another thing is projecting out your cashflow and expenses, and you can go out 18-24 months or longer, but how far you go out may well relate to how complicated your cashflow expectations, yet the cashflow versus expenses of the next few months are still going to be much more important to have good understandings about as compared to those that go out further.

[DaNNy001]

I did most of my DCA into BTC between November 2013 and early 2017.. . .and I did a bit of DCA after 2017 too.

That's quite a long initial journey with DCA that you are doing.... Maybe I will start like that at the start of this year until the next few years, I'm not sure how long it will last but my own target is 2032. Is that realistic? Of course I will try my best.

One thing that is so great about DCA is that you can figure out for yourself, and sure, if you end up getting a $500 to $1k bonus once or twice a year, then you are going to have options regarding how you choose to spend that $500 to $1k extra when it comes in, and you may well end up choosing to buy BTC with it right away rather than spreading out your BTC purchases.. It is not always an easy choice to figure out how to employ extra cash when it comes in.. especially if you feel that you don't frequently come across extra cash. but the more you go through with buying BTC regularly, at some point you might decide that you are going to divide that lump sum into three parts in order to allocate 1/3 towards each (Lump sum, DCA and buying on dips), and then there might be some other times in which you feel that you want to strategize your purchases to buy on dips, and you might divide the lump sum into 3, but instead keep it all in one category, which is to buy on dips.. so you might buy 1/3 right away, and then the 2/3 to buy after a $1.5k drop in price if it happens and the 3/3 part, you might assign to buying that amount upon a BTC price drop of 4,680.

Those are your choices, and it seems to me that the more BTC that you get, the less stressed that you are in regards to buying BTC right away with your extra cash, and you become more wiling to set your BTC buy prices and just wait for the BTC price to come to you, and hopefully you are not too greedy in the places where you set your purchase prices, because if you already have enough BTC, the you are not worried about the BTC price going up because you already have enough BTC.

Yes, now I understand the DCA method and know the benefits myself. Expenditures will now be even tighter after the DCA planning has started. Before doing this I always shopped for non-essential items so for now, unnecessary expenses will no longer be used and it's more important to be strict on DCA than anything else.

In a normal year I always get a bonus from work several times but this time I haven't received it from the office. What is clear is that I already have this plan and will put it in BTC, but I also have a choice between buying it in a lump sum or in several part like you said, on the one hand I want to separate DCA and lump sum with different wallets and also with different records in the spreadsheet, it's clear in my opinion the results will be greater in DCA planning than lump sum because the bonus money cannot be determined how big it is but that in my mind is separate.

Even now I have to be a little more adaptable, the need is increasing day by day, I have to save a little more so I can do more DCA well and strictly.

You can do it when you are really ready to do it. Just like this, just put your level of confidence in Bitcoin first, because if you can't control your lust for the profits that come your way, then you are not ready to enter the long-term investment zone like JJG did. I see almost everyone doing DCA for their long term investments but they don't have a strong mentality to hold it in the long term because they exit when they are already making a profit.

I think you have to learn step by step first to prepare yourself mentally for long-term investment. DCA really supports you in accumulating BTC in each Quartel if you make purchases in each Quartel, but you have to have a level of confidence in the long term early. So with what you said it seems like you are still waiting for your salary from your office to buy BTC. of ​​course that is a pretty good decision and I think do it based on the percentage that you have, divided into your financial interests for living needs and for investing in Bitcoin.

As nothing is actually ever simple in this world to do especially when it comes to field of financial stability same thing applies to actually successful holding your Bitcoin and it's another case if you are accumulating through DCA, why? Well because it's not an easy task and most people actually just give up at the long run of it because of so many reasons and here are some.
---lack of discipline
---wrong financial income or none at all
---No proper planning
--- procrastination
--- impatient
Before anyone can properly practice DCA and still hold on to their investment for a long period these certain barriers are to be broken.

[JayJuanGee]

As nothing is actually ever simple in this world to do especially when it comes to field of financial stability same thing applies to actually successful holding your Bitcoin and it's another case if you are accumulating through DCA, why? Well because it's not an easy task and most people actually just give up at the long run of it because of so many reasons and here are some.
---lack of discipline
---wrong financial income or none at all
---No proper planning
--- procrastination
--- impatient
Before anyone can properly practice DCA and still hold on to their investment for a long period these certain barriers are to be broken.

It seems that you are getting DCA mixed up with other kinds of investing (such as lump sum investing), because DCA overcomes each of those items in your list because once you get started, then DCA makes it easy to overcome each of the items, because all you need to do is pick an amount.. $100 per week set it and forget it..... and if you think that $100 per week would cramp your lifestyle too much, a different amount could be chosen.

Of course, there is a need to both set up the DCA and there is a need to figure out what the amount is going to be, but there are ways to do minimal levels of work.. and then just let the investment strategy ride for several years, and sure maybe after a few years, there might be some needs to look at how the investment is doing and then to reassess whether further actions might be needed, and if the amount is starting to add up to a lot, then having stake in the game may well motivate further activism in regards to the investment.

[Winterfrost]

It's better to pay off your debt first and then invest what's left. Your mental well-being will benefit from this approach. As many others suggest, stick to your DCA strategy.

Certainly, I can't predict the future, but I can anticipate what might occur. While it's crucial to pay off debt, it could take me a decade or even longer to accumulate the same amount of Bitcoin that I could acquire in just 2 to 3 years. It's also a good idea to have some cash on hand, but a better idea investing in a Trezor and Dcaing.

DCA with emergency fund to me sound more convincing and easy to do more than setting aside a percentage from your total income on weekly basis,  since emergency funds can also be referred to as leftover money which will be more profitable when saved in an assets that are easily converted to cash like BTC,  and from what both of you guys already mentioned,  it quite clear that emergence will be the best since in both worst cast scenario and best case scenario if you have a well planned DCA approach you will still end in a good position,  since at that point you are not  depending on your income to make your investment but rather you are buying Bitcoin from your emergence savings.

But the only side to watch out in all of this is,  you must be smart enough not to exust all your emergency saving on buying the dip and in most cases you must at least leave a small portion of the savings behind so that when you have a real life emergency,  you will have the funds to sort them out.

That way,  the pressure won't be on you bitcoin holding at once and that can allow you to bear market conditions for some time based on long term Bitcoin approach.

To be real about this, using part of  emergency fund is not even advisable... You not guaranteed on the expenses of any emergency to happen at any point in time
Funds meant for emergency should be kept completely different, same goes to funds for Dcaing

If Bitcoin does what we all expect (based on our speculation), would it be foolish not to put a large portion of this savings into Bitcoin? In spite of raging inflation, my gut feeling is that an emergency fund is always prudent, as much as losing that purchasing power sucks.

Part of the asymmetric upside nature of bitcoin means that you do not necessarily have to invest a lot in order to potentially profit a lot, which likely means that you should invest reasonably and try NOT to lose your bitcoin over time, and you can choose your own level of aggressiveness that you choose to be in accordance with your BTC allocation/investment amounts.

The perspectives you mentioned are focused on the long term, and indeed, patience is essential. I realize now that I've been placing significant importance on my emergency fund, which I intended to keep, but I had considered using it to buy Bitcoin for various reasons. I think I might not have reconsidered this if it weren't for your viewpoint and Agbamoni's input. I appreciate it! It's valuable to listen to different perspectives and opposing arguments; that's how we broaden our understanding.

[erep]

It seems that you are getting DCA mixed up with other kinds of investing (such as lump sum investing), because DCA overcomes each of those items in your list because once you get started, then DCA makes it easy to overcome each of the items, because all you need to do is pick an amount.. $100 per week set it and forget it..... and if you think that $100 per week would cramp your lifestyle too much, a different amount could be chosen.

We can determine the amount that can be allocated for DCA needs based on weekly or monthly income, at least an investment allocation of $30-50 can be reached by all economic classes for the lowest amount to realize the DCA strategy per week. We must consistently carry out the DCA strategy until we reach the planned investment target, if we set a target of investing $2.6k in bitcoin every year, so the calculation is that every week we have to invest $50 for 52 weeks.

.. and then just let the investment strategy ride for several years, and sure maybe after a few years, there might be some needs to look at how the investment is doing and then to reassess whether further actions might be needed, and if the amount is starting to add up to a lot, then having stake in the game may well motivate further activism in regards to the investment.

We need at least 2 years to more optimally assess the progress of investment performance, because the DCA strategy is different from instant investments of large amounts, I think DCA investments are like savings for the long term and DCA investment options are very appropriate for converting to bitcoin, even though the market movement category is the highest but Bitcoin price can reach ATH every time after the halving period or more or less within 5 years, I quoted in another thread which stated that who would have thought that we could buy an iPhone 15 with just 0.03 BTC, imagine if you implemented DCA since 2015 then the investment performance progress would be very profitable.

[Odohu]

It seems that you are getting DCA mixed up with other kinds of investing (such as lump sum investing), because DCA overcomes each of those items in your list because once you get started, then DCA makes it easy to overcome each of the items, because all you need to do is pick an amount.. $100 per week set it and forget it..... and if you think that $100 per week would cramp your lifestyle too much, a different amount could be chosen.

We can determine the amount that can be allocated for DCA needs based on weekly or monthly income, at least an investment allocation of $30-50 can be reached by all economic classes for the lowest amount to realize the DCA strategy per week.

Even though this figures are realistic, to truly demonstrate the power of compounding and little beginning, we could go as low as $10 per week and spread it over five years. This will achieve the same result and the person performing the DCA will not even know he was spending money on anything... his lifestyle, expenditure and everything will be going smoothly, without any financial stress meanwhile he will not even know he is making futuristic investment that can even be his greatest achievement.

If I want to teach somebody about Bitcoin and how to start investing in it, I will simply teach them to apply DCA with as little as $10 per week. Irrespective of the social status or the asset class, this is feasible and affordable and there is high chance I will be able to convince the person instead of telling someone to invest huge amount of money at one.

Like it has been abundantly emphasized here, the DCA method is truly the game changer for those who want to make maximum use of the opportunities offered by Bitcoin, it handles all the psychological hindrances that many people face in Bitcoin accumulation and management.

[martinex]

Like it has been abundantly emphasized here, the DCA method is truly the game changer for those who want to make maximum use of the opportunities offered by Bitcoin, it handles all the psychological hindrances that many people face in Bitcoin accumulation and management.

Well, in this 1 day I was a little relieved because BTC went up and several of my mainstay coins, especially BTC, had fallen. It's time to monitor the market again and readjust the DCA strategy to make it even more optimal and feel the flexibility of installment trading with this method even though I still don't have much funds.

[Salahmu]

If I want to teach somebody about Bitcoin and how to start investing in it, I will simply teach them to apply DCA with as little as $10 per week. Irrespective of the social status or the asset class, this is feasible and affordable and there is high chance I will be able to convince the person instead of telling someone to invest huge amount of money at one.

Like it has been abundantly emphasized here, the DCA method is truly the game changer for those who want to make maximum use of the opportunities offered by Bitcoin, it handles all the psychological hindrances that many people face in Bitcoin accumulation and management.

Truly DCA is a game changer and it has helped in risk management instead of accumulating Bitcoin with a huge sume of money were as you can easily runs out of money but with the use of DCA you can be able to manage your risk through accumulating using a small amount of dollars, so i totally agree with you, DCA strategy should always be the first thing for a beginners to understand before accumulating,  just like me if I had understood DCA strategy during when I started accumulating it would have been more helpful to me a lot but I'm using the strategy now and is helping me, one good thing about DCA strategy is that let's take for instance your earning $1000 on monthly basis from your salary, using DCA strategy you can set a target by accumulating weekly using $20 wehich we no cannot affect your main capital and before you no in the next ten years you have gotten a good portfolio.

[JayJuanGee]

It seems that you are getting DCA mixed up with other kinds of investing (such as lump sum investing), because DCA overcomes each of those items in your list because once you get started, then DCA makes it easy to overcome each of the items, because all you need to do is pick an amount.. $100 per week set it and forget it..... and if you think that $100 per week would cramp your lifestyle too much, a different amount could be chosen.

We can determine the amount that can be allocated for DCA needs based on weekly or monthly income, at least an investment allocation of $30-50 can be reached by all economic classes for the lowest amount to realize the DCA strategy per week.

Even though I throw around recommended amounts that are $100 per week and then $10 per week as a fallback position, I am ONLY using those kinds of numbers in a kind of framework in which many people should be able to put together some extra money, and I remember in more than 30 years ago, I was fairly new in my investment journey and I was able to set aside $100 or $200 per month, even though the amount that I made was really low back then, and in some sense I figure that more than 30 years later it should be much easier for people to put aside $100 or $200 per month, because the dollar is ONLY worth around 20-40% as much as it was 30 years ago.. depending upon which products/services you are purchasing.

Nonetheless, we cannot presume that people have disposable income, even though an overwhelming majority of people should be able to put themselves into a place in which they have disposable income, which means that the amount of cash coming in on a monthly basis is greater than their expenses on a monthly basis.

If you do not have disposable income, you should not be investing.  If you do not have disposable income, you should be attempting to put yourself into a position in which you have disposable income in order that you will be able to invest.. and yeah, we see bitcoin as a great place to put such disposable income, yet people still have to get to a position of having it before we presume that they have it, even though sometimes with some tweaks people could get to a place that they have disposable income.

Another problem that a lot of people have is that they enter into a lot of debt that they probably should be attempting to get into order prior to investing, but many times, there can be ways to pay down debt and to invest at the same time, but there are needs to put together plans and to attempt to stick to plans when a person might not outright be in a position in which it is reasonable to invest and they have to juggle around their finances in order to invest when probably they should be placing a high priority on getting their shit together.. .. so I hate to preclude people from doing several things at the same time, as long as they are able to have a plan and to attempt to follow it and have a timeline for making progress on getting themselves to a better and more sound financial/psychological place.

We must consistently carry out the DCA strategy until we reach the planned investment target, if we set a target of investing $2.6k in bitcoin every year, so the calculation is that every week we have to invest $50 for 52 weeks.

Sure. Once we have our number, we can attempt to be strict about it, especially if we are reasonably within our budget, including having various cushions in place that are suitable/tailored to our situation.

.. and then just let the investment strategy ride for several years, and sure maybe after a few years, there might be some needs to look at how the investment is doing and then to reassess whether further actions might be needed, and if the amount is starting to add up to a lot, then having stake in the game may well motivate further activism in regards to the investment.

We need at least 2 years to more optimally assess the progress of investment performance, because the DCA strategy is different from instant investments of large amounts, I think DCA investments are like savings for the long term and DCA investment options are very appropriate for converting to bitcoin, even though the market movement category is the highest but Bitcoin price can reach ATH every time after the halving period or more or less within 5 years, I quoted in another thread which stated that who would have thought that we could buy an iPhone 15 with just 0.03 BTC, imagine if you implemented DCA since 2015 then the investment performance progress would be very profitable.

Since bitcoin prices are generally trajectoring UPward in spite of some 2-3 year short-term questions regarding profitability of the DCA strategy, the longer that we have employed DCA, the more that we would currently be in profits, and currently it takes close to 3 years to clearly and unambigously start to be in profits from a strict DCA strategy.  You can play around with the dates on this website, yet I think that the bigger picture does suggest that the longer that you have been in then the better off that you should be so long as you would have followed a strict DCA strategy, and surely people who follow a strict DCA strategy might not even be participating or reading a thread like this, especially since many guys in this thread are figuring out ways to hybrid their DCA strategy or even to abandon DCA in order to employ buying on dips and other strategies that they believe might be able to perform better than a more strict (and arguably mindless) DCA strategy.

[snowpega]

I remembered someone commented on this thread that he is using DCA to buy and at this same time, he setup some funds for buying at what he considers as dip... I guess that is what @snowpega is doing. Like you said, anyone following this approach should be prepared not to beat himself up if Bitcoin price did not follow through as they expected.  

just to mention you again by the this thing already has been discuss i think you did not read my previous So, As per yesterday discussion what i have learned that not hoping too much from market which i get to learn from @JayJuanGee i used to think i just wait for some time to see kinda dips in market which now i think was not good for me. In this way a term, which is highly used FOMO (Fear of missing out) we prey of it. after that what left? we have to repent of the price we just miss out TBH the same thing happened with me yesterday when the Price of Btc was about 26k500$ i was aspecting it to go about 25k800$ but what happen? Totally opposite BtC price goes up at touch to 27k200$ this is what i learn never makes too much hopes from market.

By Newton's Law of physics, a body will continue in it's state of rest or uniform motion unless it is acted upon by external force. This law of inertia also apply to humans in a way. Some people will continue to expect dips and further dips until there is an obvious sustained bullish regime. This is how some people are wired. I do not consider this a defect rather, I see it as a demonstration of our uniqueness.  So, even though it may not seem realistic to you there are those who are convinced that price will dip further irrespective of it being oversold or not. What I have described is not peculiar to newbies, there are conservative old hands who still display this tendencies.  

I don't know Bro what are you trying to say here you are giving the Newton's Law of physics and relating it to the virtual assets i'm not trying to point out anything like your example fit here accurate here or not like bro its digital world physics example fits more accurate in physical world i think... or Maybe i am not getting what you are trying to say.

The guarantee of a monthly cash inflow gives us ease of mind. We can think clearly because we don't need to think about our monthly expenses. Saving a portion of our wages and investing them for long-term growth gives us confidence about our future, and we think of ourselves as cleavers and long-term visionaries. When things turn against them, they think of themselves as stupid; this is human nature.

Not to use your investment (in bitcoin) when emergencies arise is a strong statement but not a practical one. When people don't have money to cover emergency expenses, they tend to sell their assets. If you are investing in bitcoin as a retirement plan, then you should not sell it, but in times of emergency, your senses will tell you to sell it.

I would say if you are thinking for long-term and Also doing BTC accumulation its good idea. in case if it is me who is doing BTC accumulation i would never withdraw my BTC until i reach my planned goal. I think this time is very smart we also need to smart as we know this is the time where alot of people having good cash inflow by doing from different kinda online jobs and physical jobs as well.

they just need to prepare themselves  to overcome their emergency situation somehow So that they need not to withdraw their accumulated BTC in the form of funds as emergency situation.

[DVlog]

The guarantee of a monthly cash inflow gives us ease of mind. We can think clearly because we don't need to think about our monthly expenses. Saving a portion of our wages and investing them for long-term growth gives us confidence about our future, and we think of ourselves as cleavers and long-term visionaries. When things turn against them, they think of themselves as stupid; this is human nature.

Not to use your investment (in bitcoin) when emergencies arise is a strong statement but not a practical one. When people don't have money to cover emergency expenses, they tend to sell their assets. If you are investing in bitcoin as a retirement plan, then you should not sell it, but in times of emergency, your senses will tell you to sell it.

I would say if you are thinking for long-term and Also doing BTC accumulation its good idea. in case if it is me who is doing BTC accumulation i would never withdraw my BTC until i reach my planned goal. I think this time is very smart we also need to smart as we know this is the time where alot of people having good cash inflow by doing from different kinda online jobs and physical jobs as well.

they just need to prepare themselves  to overcome their emergency situation somehow So that they need not to withdraw their accumulated BTC in the form of funds as emergency situation.

The only thing that can resolve our emergency needs is money. As I have mentioned, it is easy to say that I won't touch my BTC holdings if any emergencies arise, but it is hard to do if you don't have any side income or any other source to assist you in resolving that issue. This happens to me many time. I tried my best not to sell part of my holding, but the situation forced me to do that.

[Frankolala]

Investment is not to trouble ourselves if indeed we are eventually affected by inflation and the worst possibility is that we cannot continue while the DCA is done then I think it will not be a problem because we invest not to trouble ourselves and remember this investment is only as a support for us to enjoy the old age that we hope to be beautiful.

This is the reason why one have to increase his emergency funds and reduce the amount that he is using for DCA. All these is because the person failed to prepare properly before starting his bitcoin accumulation. If not one should also consider some unforseen challenges when investing and prepare funds for that so that you don't end up selling your bitcoin when it isn't your will.

Rather than in the end this will hamper our needs by forcing investment which of course will also not be able to be done properly then I think in this case fulfil the needs of life that we will do first.
If necessary, we can also sell some of the investments that we have built before (if they are profitable) to cover the needs we have so that we can be free from the inflation we receive.

Yea, when we fail to prepare well, there will be no other option that to sell the bitcoin to use to take care of important responsibilities. This why one needs more than one source of income so that no matter the level of inflation it would't affect you from accumulating,but if it does affect you from accumulate, you can stop for a while before things put themselves in shape, rather than selling the little that you have.

As nothing is actually ever simple in this world to do especially when it comes to field of financial stability same thing applies to actually successful holding your Bitcoin and it's another case if you are accumulating through DCA, why? Well because it's not an easy task and most people actually just give up at the long run of it because of so many reasons and here are some.
---lack of discipline
---wrong financial income or none at all
---No proper planning
--- procrastination
--- impatient
Before anyone can properly practice DCA and still hold on to their investment for a long period these certain barriers are to be broken.

It seems that you are getting DCA mixed up with other kinds of investing (such as lump sum investing), because DCA overcomes each of those items in your list because once you get started, then DCA makes it easy to overcome each of the items, because all you need to do is pick an amount.. $100 per week set it and forget it..... and if you think that $100 per week would cramp your lifestyle too much, a different amount could be chosen.

Of course, there is a need to both set up the DCA and there is a need to figure out what the amount is going to be, but there are ways to do minimal levels of work.. and then just let the investment strategy ride for several years, and sure maybe after a few years, there might be some needs to look at how the investment is doing and then to reassess whether further actions might be needed, and if the amount is starting to add up to a lot, then having stake in the game may well motivate further activism in regard to the investment.

I agree with you, DCA method has eliminate those reason that was mentioned by @Danny001, because you have planned to use a certain amount to DCA based on you cash inflow and this makes it a proper plan and discipline on your investing strategy. Someone that procrastinate will never DCA amd wouldn't be able to achieve his goal when he has the money. The people that can procrastinate are those that think they are wise enough to time the dip in bitcoin price or those that want to buy in lump sum. It is a good amount of emergency funds that is needed to enable you with you regular DCA method and not as mentione above ny Danny001

[Dewi Aries]

You can do it when you are really ready to do it. Just like this, just put your level of confidence in Bitcoin first, because if you can't control your lust for the profits that come your way, then you are not ready to enter the long-term investment zone like JJG did. I see almost everyone doing DCA for their long term investments but they don't have a strong mentality to hold it in the long term because they exit when they are already making a profit.

I think you have to learn step by step first to prepare yourself mentally for long-term investment. DCA really supports you in accumulating BTC in each Quartel if you make purchases in each Quartel, but you have to have a level of confidence in the long term early. So with what you said it seems like you are still waiting for your salary from your office to buy BTC. of ​​course that is a pretty good decision and I think do it based on the percentage that you have, divided into your financial interests for living needs and for investing in Bitcoin.

As nothing is actually ever simple in this world to do especially when it comes to field of financial stability same thing applies to actually successful holding your Bitcoin and it's another case if you are accumulating through DCA, why? Well because it's not an easy task and most people actually just give up at the long run of it because of so many reasons and here are some.
---lack of discipline
---wrong financial income or none at all
---No proper planning
--- procrastination
--- impatient
Before anyone can properly practice DCA and still hold on to their investment for a long period these certain barriers are to be broken.

Everyone who has decided to invest in the long term of course has planned well in advance. So in my previous review I said that they must be ready to throw away their thoughts/desires to take advantage quickly because if they can't do that, then the list you mentioned will not be in line with what I have mentioned. The list of items mentioned is a basic list that they have prepared to run their investments in the long term. Well, like the financial aspect (JJG has said that if you can't allocate $100 for investment every week then you can reduce it by adjusting the income you get). Another interesting list for me is the level of patience (patience is the main principle that they must have every time they invest, whether in Bitcoin or other investments, because achieving success is always accompanied by patience).
So on other points it won't have a big impact, because if you are not disciplined, it won't be a big problem because we make purchases in stages and if you miss 1 stage level it won't be a big problem because you can continue at the next stage.

[Salahmu]

The only thing that can resolve our emergency needs is money. As I have mentioned, it is easy to say that I won't touch my BTC holdings if any emergencies arise, but it is hard to do if you don't have any side income or any other source to assist you in resolving that issue. This happens to me many time. I tried my best not to sell part of my holding, but the situation forced me to do that.

Truly is only money that can solve our emergency but in most cases over aggressive accumulating can lead to lack of funds were as an emergency that needs money could come out and at that time your left with no money to solve the problem because you have spend all your funds on accumulating, as such you maybe left with no option but to sell off some of your Bitcoin and at that point it could be that the price is a bit lower than your entry point so you end up losing which is a wrong strategy for investment, so this is one of the reason why DCA strategy was introduced because of scenario like this, if you had use DCA strategy you would have not gotten to this stage it would have helped you on risks management as such allowing you to be accumulating a bit by bit with a small amount of dollars while you save the remaining ones for emergency like this and by that time your investment is safe.

[SmartGold01]

It seems that you are getting DCA mixed up with other kinds of investing (such as lump sum investing), because DCA overcomes each of those items in your list because once you get started, then DCA makes it easy to overcome each of the items, because all you need to do is pick an amount.. $100 per week set it and forget it..... and if you think that $100 per week would cramp your lifestyle too much, a different amount could be chosen.

We can determine the amount that can be allocated for DCA needs based on weekly or monthly income, at least an investment allocation of $30-50 can be reached by all economic classes for the lowest amount to realize the DCA strategy per week.

Even though this figures are realistic, to truly demonstrate the power of compounding and little beginning, we could go as low as $10 per week and spread it over five years. This will achieve the same result and the person performing the DCA will not even know he was spending money on anything... his lifestyle, expenditure and everything will be going smoothly, without any financial stress meanwhile he will not even know he is making futuristic investment that can even be his greatest achievement.

If I want to teach somebody about Bitcoin and how to start investing in it, I will simply teach them to apply DCA with as little as $10 per week. Irrespective of the social status or the asset class, this is feasible and affordable and there is high chance I will be able to convince the person instead of telling someone to invest huge amount of money at one.

Like it has been abundantly emphasized here, the DCA method is truly the game changer for those who want to make maximum use of the opportunities offered by Bitcoin, it handles all the psychological hindrances that many people face in Bitcoin accumulation and management.

I think what I noticed and experienced from some investors or some people is that since they had missed the previous opportunities for not investing when the price were very minute they thought they could cover it at a go but, this is where they are getting it wrongly because rushing to invest what they didn't know the whole concepts might likely lead them in a bigger lost and in a higher risk without applying technicalities.

Another one of those technicalities are the DCA pattern it is the best way to kill fear and invest seamlessly without having to incur much lost or feeling that one is wasting their resources into what they didn't found profiting at the moments especially when it involves of teaching newbies or trying to lecture people on how they could go about their bitcoin investment journey. At my earlier age the DCA also helped me alot and I was able to accumulates as little as I can without attaching much feeling to it or without going under financial destress or do I say pressure before I sudden upgraded my knowledge towards having save from my paid which I don't feel it anymore because I know bitcoin a valuable assets which (In me I don't think anyone should missed it) without at least having some portion of it in their wallet for purposes as I believed tomorrow is pregnant who knows we could find a bitcoin at $1m.

[iamsange]

Well, in this 1 day I was a little relieved because BTC went up and several of my mainstay coins, especially BTC, had fallen. It's time to monitor the market again and readjust the DCA strategy to make it even more optimal and feel the flexibility of installment trading with this method even though I still don't have much funds.

If you like installment trading because current market conditions have made it possible to do so, I think you will find it difficult to adjust. Because buyers who use DCA don't need to trade in installments or daily just to hunt for small profits for a moment, but try to hold it until the price of Bitcoin really looks bigger than it is now even if they have to wait a long time for that. However, I think it is still enough for those who want to continue doing DCA without having to release it through trading, because when the price increases it will become increasingly difficult to continue buying gradually, especially if the capital is not much.

[JayJuanGee]

I remembered someone commented on this thread that he is using DCA to buy and at this same time, he setup some funds for buying at what he considers as dip... I guess that is what @snowpega is doing. Like you said, anyone following this approach should be prepared not to beat himself up if Bitcoin price did not follow through as they expected.  

just to mention you again by the this thing already has been discuss i think you did not read my previous So, As per yesterday discussion what i have learned that not hoping too much from market which i get to learn from @JayJuanGee i used to think i just wait for some time to see kinda dips in market which now i think was not good for me. In this way a term, which is highly used FOMO (Fear of missing out) we prey of it. after that what left? we have to repent of the price we just miss out TBH the same thing happened with me yesterday when the Price of Btc was about 26k500$ i was aspecting it to go about 25k800$ but what happen? Totally opposite BtC price goes up at touch to 27k200$ this is what i learn never makes too much hopes from market.

Holy fucking shit.

Don't be getting too worked up @snowpega when it comes to BTC price moves that can go in either direction in shorter time frames.. and even lasting for several months going in directions that are not expected and staying there for longer than expected and staying there for longer than expected. Any of our preparations should be both attempting to prepare for BTC price volatility, but expecting that it is going to take place and we do not have many ideas about the short-term price direction.

By Newton's Law of physics, a body will continue in it's state of rest or uniform motion unless it is acted upon by external force. This law of inertia also apply to humans in a way. Some people will continue to expect dips and further dips until there is an obvious sustained bullish regime. This is how some people are wired. I do not consider this a defect rather, I see it as a demonstration of our uniqueness.  So, even though it may not seem realistic to you there are those who are convinced that price will dip further irrespective of it being oversold or not. What I have described is not peculiar to newbies, there are conservative old hands who still display this tendencies.  

I don't know Bro what are you trying to say here you are giving the Newton's Law of physics and relating it to the virtual assets i'm not trying to point out anything like your example fit here accurate here or not like bro its digital world physics example fits more accurate in physical world i think... or Maybe i am not getting what you are trying to say.

Surely price momentum is a thing in bitcoin, too... and whether or not the momentum has changed is not necessarily easy to determine in advance, even when some people think that they either got it figured out or they think that they know the direction that favor the odds.  They frequently get it wrong... which is part of the reason to prepare (both financially and psychologically) for either direction, even if you believe that you have high odds in favor of one direction over another.

The guarantee of a monthly cash inflow gives us ease of mind. We can think clearly because we don't need to think about our monthly expenses. Saving a portion of our wages and investing them for long-term growth gives us confidence about our future, and we think of ourselves as cleavers and long-term visionaries. When things turn against them, they think of themselves as stupid; this is human nature.

Not to use your investment (in bitcoin) when emergencies arise is a strong statement but not a practical one. When people don't have money to cover emergency expenses, they tend to sell their assets. If you are investing in bitcoin as a retirement plan, then you should not sell it, but in times of emergency, your senses will tell you to sell it.

I would say if you are thinking for long-term and Also doing BTC accumulation its good idea. in case if it is me who is doing BTC accumulation i would never withdraw my BTC until i reach my planned goal. I think this time is very smart we also need to smart as we know this is the time where alot of people having good cash inflow by doing from different kinda online jobs and physical jobs as well.

they just need to prepare themselves  to overcome their emergency situation somehow So that they need not to withdraw their accumulated BTC in the form of funds as emergency situation.

Generally speaking, you seem to get the point which is you do not want part or all of your BTC to be serving as part or all of your emergency funds unless you are both in sufficiently high profits with the BTC and/or you have exhausted all other funds.. so usually you are going to want to have an overwhelming majority of your emergency funds in an asset/currency that is mostly (or closely) denominated in the currency that your expenses are denominated.. or that is appreciating (or holding value) at a better rate than the currency that your expenses are denominated.

[edited out]

The only thing that can resolve our emergency needs is money. As I have mentioned, it is easy to say that I won't touch my BTC holdings if any emergencies arise, but it is hard to do if you don't have any side income or any other source to assist you in resolving that issue. This happens to me many time. I tried my best not to sell part of my holding, but the situation forced me to do that.

Your frequently going through a need to cash out of some assets that you do not want to is likely a sign that you are overinvested in those assets and/or your emergency fund is not large enough.. and sure, you likely already know that... but you might be spending a bit too much time trying to make sure that your value is "working" and then you end up overdoing it and not having enough of the "nonworking" asset/currency that you need to pay your expenses.

The only thing that can resolve our emergency needs is money. As I have mentioned, it is easy to say that I won't touch my BTC holdings if any emergencies arise, but it is hard to do if you don't have any side income or any other source to assist you in resolving that issue. This happens to me many time. I tried my best not to sell part of my holding, but the situation forced me to do that.

Truly is only money that can solve our emergency but in most cases over aggressive accumulating can lead to lack of funds were as an emergency that needs money could come out and at that time your left with no money to solve the problem because you have spend all your funds on accumulating, as such you maybe left with no option but to sell off some of your Bitcoin and at that point it could be that the price is a bit lower than your entry point so you end up losing which is a wrong strategy for investment, so this is one of the reason why DCA strategy was introduced because of scenario like this, if you had use DCA strategy you would have not gotten to this stage it would have helped you on risks management as such allowing you to be accumulating a bit by bit with a small amount of dollars while you save the remaining ones for emergency like this and by that time your investment is safe.

You can still end up overinvesting and getting your self into the same kind of lack of an emergency fund, even with DCA.

DCA does not completely reduce the problem of overinvesting, but surely it can manage the overinvestment temptations that cause people (maybe moreso newbies, but it can happen to anyone who is overly investing and not sufficiently preparing emergency funds and projecting out cashflows for a sufficient amount of time in advance)..

I personally think that the thing that allows BTC accumulators to be aggressive in their bitcoin accumulation while not going overboard is to study each of their 9 factors as I mentioned in my earlier post, and some of those factors are more important to learn than others, and the better that s/he knows those 9 factors and to make adequate preparations, then the more aggressive that s/he is likely going to be able to be... and surely the devil is in the details and it can take a long time to make sure that you are adequately preparing for both regular expenses and emergency expenses and sufficiently trajectoring that out for an adequate period of time to really be able to assess how aggressive you can be without going beyond what you should be doing (which is also known as gambling.. there is a bit of a sliding scale.. and also a bit of a unclearness in terms of when you have crossed over the line which means that you might not know that you crossed over the line until it is too late).

I think what I noticed and experienced from some investors or some people is that since they had missed the previous opportunities for not investing when the price were very minute they thought they could cover it at a go but, this is where they are getting it wrongly because rushing to invest what they didn't know the whole concepts might likely lead them in a bigger lost and in a higher risk without applying technicalities.

Trying to make up for losses and then adding more risk in order to make up for losses is not a good mental or financial framework. because strategies should be made in ways that do not devolve into gambling.. even if you might have made a big loss.. I think that another name for continuing to double down is Martingale betting.. so surely sometimes it does work, but sometimes it gets to become so big that there is no way to recover from it... or maybe the losses become so great that it takes years to recover, even though there was no real reason to be taking the risks in the first place, but then when the mistakes are made they just keep doubling and doubling and doubling.. and sometimes it ends up working and other times, it ends up with a forced stop..and having to start from a reckt position.. which might mean never recovering or perhaps taking several years to recover... depending on how soon that the person might have decided to give up rather than keeping on going.

[MCUKing]

By Newton's Law of physics, a body will continue in it's state of rest or uniform motion unless it is acted upon by external force. This law of inertia also apply to humans in a way. Some people will continue to expect dips and further dips until there is an obvious sustained bullish regime. This is how some people are wired. I do not consider this a defect rather, I see it as a demonstration of our uniqueness.  So, even though it may not seem realistic to you there are those who are convinced that price will dip further irrespective of it being oversold or not. What I have described is not peculiar to newbies, there are conservative old hands who still display this tendencies.  

I don't know Bro what are you trying to say here you are giving Newton's Law of physics and relating it to the virtual assets i'm not trying to point out anything like your example fit here accurate here or not like bro its digital world physics example fits more accurate in physical world i think... or Maybe i am not getting what you are trying to say.

What? How comes... Why you can't get the point he's trying to explain? I think there's a term called a sense of humor buddy you need to work on it, I think Odohu knows that the law of the physical world can be exaggerated in the digital/virtual reality, but as far as it is concerned we all know our digital world is inspired by the real-life concepts.

Here the buddy is trying to explain the physiology of the people who believe in the market momentum, who believe that there will be further and further dips as he expressed it by the uniform motion in Newton's law and for the second property of intervening of second entity could only stop it means that the sentimental change in the market. As per your analysis market will sentimentally take a further dip, but Odohu is trying to say we can be so sure about the sentiments, at least I would like to agree with him in the current situation.

In a few words, he's expressing the price movement psychology of people with Newton's law, where I would endorse his view.


Ending the expression here, I would like to put forward my views on the current market situation, the Death Cross, Interest rate hiking, and other indicators with the market past few weeks sentiments I do believe maximum sentiments are bearish and this Pump makes no TA sense or Sentimental sense, I would simply call it the manipulation. At the same time, a couple of hours are important from now on.

You can still end up overinvesting and getting your self into the same kind of lack of an emergency fund, even with DCA.

DCA does not completely reduce the problem of overinvesting, but surely it can manage the overinvestment temptations that cause people (maybe moreso newbies, but it can happen to anyone who is overly investing and not sufficiently preparing emergency funds and projecting out cashflows for a sufficient amount of time in advance)..

Hmm, It really depends on how they execute the DCA, more likely 90% of the DCA supports or beginners execute it in the wrong way. Aggressive accumulation is not good at all, even if it's done with the DCA, You should shape it into the smart DCA with your own decision-making power.