Buy the DIP, and HODL!

[Justbillywitt]

Using 50% of your salary seem too high for me because is more like aggressive investment because let say your monthly basic salary is $200 and when we remove 50% you will be left with $100 so however is obvious that within the month there is every possibility that you will spend it all, and perhaps if you have a family you will have to take care of your kids needs as well as your own needs so there is every tendency that $100 will not be okay to solve those needs before you could receive another salary.

So in as much as you are eager to accumulate as many Bitcoin as possible doing it in a wrong way will result to tempering your accumulated Bitcoin, so I would suggest that instead of using 50% of your salary you could cut it down a bit to may be 10% instead because it will allow you to have a breathing space such as having a good reserve funds that could possibly take care of any needs while you keep accumulating consistently on a weekly basis.

I think everything depends on what is your plan and the target you have set for yourself. Let's say I set a target of having of having a particular amount of Bitcoin before the next halving and I have calculated that investing 10% of my salary won't allow me achieve that, but spending 50% of my salary will help me achieve my set goals. All I have to do is cut down some of the things I spend money on which are not really necessary to achieve my set goals. Also there is a possibility that I don't have a family yet and I don't have any kids yet. So instead of spending on women, alcohol, parties and eating in restaurants etc. I can reduce these things and make my own food at home. If I do these things $100 will take care of me for a month if we are using the $200 you talked about as monthly salary. And mind you as a man it's not advisable to only have one source of income. So let's also assume I have another business that gives me like $40 weekly I will be fine with investing 50% of my basic salary from my other job.

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[Litzki1990]

That's true and not wrong at all, but I think it's more suitable for you to say to newbies who have just entered the world of crypto or have just entered the market to buy whatever they want without considering which one is best. Because I'm quite sure that currently there are still many newbies who make mistakes in choosing which coin is the best to invest in so that the mistakes they have made can at least be reduced when someone gives them advice like this by considering major coins such as Bitcoin and try to ignore any altcoin to no longer invest in it, unless only to trade it in the short term.

I will appreciate your decision that you did not choose the wrong coin at the beginning of your investment. A new investor's main problem is to choose the right coin. In the beginning an investor does not understand that which coin will be right for him or which coin to invest in will keep his money safe as well as give him a chance to profit. I learned about cryptocurrency through Bitcoin so I had no chance of choosing any other coin to invest in. At the time when I first started investing, I understood Bitcoin as an investment and I have always been very interested in investing in Bitcoin. 

In the beginning I started my investment journey with a relatively small amount of money and gradually as the idea about investment grew and when I got different ideas about holding the investment I planned to hold my investment for a long time. I got enough benefit by holding my investment for long time and now I believe in always holding my investment for long term. 

Those who are new investors should choose a good coin first at the beginning. When an investor is able to select a good coin early on, he will make a 50% correct investment decision.

[Mayor of ogba]

Also one of the factors that always affect an investor from accumulation of Bitcoin is always expecting the Bitcoin price to dip before they could start accumulating, considering the price movement of Bitcoin waiting for the dip may not be advisable because you could be waiting for a long time and the price is still not dip.

By doing lump sum buy, buy the dip, and buy through DCA. I have done this for like a week now and I have seen the difference from my previous approach.

There is a situation where you will find yourself, with these three strategies you can be able to start accumulating your Bitcoin. For instance, if you want to buy Bitcoin now, you will be afraid to buy because your mind will tell you, you are buying it at a high price, and you would not want to do that. But if you divide your money into three parts, and immediately buy with a lump sum as the Bitcoin price keeps on an upward trend, keep the second part to buy Bitcoin when there is a dip in Bitcoin price, and the third part is to buy Bitcoin through DCA that will help to control the volatile part of Bitcoin in your holding. These three strategies will help people not to miss out on Bitcoin when the Bitcoin price is too high because if you want to use only the DCA strategy you might not be able to accumulate the quantity of Bitcoin you want on time.

[Roseline492]

Also one of the factors that always affect an investor from accumulation of Bitcoin is always expecting the Bitcoin price to dip before they could start accumulating, considering the price movement of Bitcoin waiting for the dip may not be advisable because you could be waiting for a long time and the price is still not dip.

By doing lump sum buy, buy the dip, and buy through DCA. I have done this for like a week now and I have seen the difference from my previous approach.

There is a situation where you will find yourself, with these three strategies you can be able to start accumulating your Bitcoin. For instance, if you want to buy Bitcoin now, you will be afraid to buy because your mind will tell you, you are buying it at a high price, and you would not want to do that. But if you divide your money into three parts, and immediately buy with a lump sum as the Bitcoin price keeps on an upward trend, keep the second part to buy Bitcoin when there is a dip in Bitcoin price, and the third part is to buy Bitcoin through DCA that will help to control the volatile part of Bitcoin in your holding. These three strategies will help people not to miss out on Bitcoin when the Bitcoin price is too high because if you want to use only the DCA strategy you might not be able to accumulate the quantity of Bitcoin you want on time.

It seems you have another way of buying in Lump Sum because from your quote you are trying to say that Lump sum is good when the Bitcoin price is high but however on the contrary I don't think is the best way to Lump sum because the quantity of Bitcoin you could get if you Lump sum when the price is higher will be a bit small compare to dip, so however is mostly preferable to Lump sum when the Bitcoin price is a bit dip because that's the only way you can get a good amount of Bitcoin.

Also you don't necessarily need to use all the three strategies or rather method before you can start your investment because as an investor having too much strategy can affect your accumulation process either negative or positively so perhaps you could just focus on the DCA and Lump sum if you have the funds instead of three strategies.

[Richbased]

If you are bitcoin maximalist then go with bitcoin since this is really good coin to hodl. But if you are a risk taker then try to venture for multiple risky options and try to test out what will be the shitcoin market show some result to us this last month of the year or maybe also in next year.

Mate, this thread is to buy the Bitcoin dip, and Hodl and not for shitcoin discussion. If you are telling people to invest in shitcoin it means you are against us and your post is spam because it goes against our discussion, we only mentioned shitcoin on this thread when we want to advise newbies not to invest in shitcoin. What is the need to tell people to invest money in something that will possibly scam them off their money? Mate, Bitcoin has been around for 14 years now and it gives you self-control over your money, you don't need any third party before you can make a transaction with Bitcoin, there is nothing like Bitcoin and there will never be.

The truth is that a lot of people started their digital journey through the hype of shitcoins. Few that are fortunate to dump on the others and make some money have the feeling that they will be successful all the time. Unfortunately, there is no consistency in shitcoins and the rate of failure is over 95%, in my opinion, this is a risk to high to consider.

We should never be tired of educating people on the need to remain focused on Bitcoin which is safer and have been around before these numerous coins that are mostly built on nothing.

Fuck hype In shitcoins as no shitcoins can be commensurate with Bitcoin, those that gave hype to shitcoins hope they are seeing the rapid increase in the price of Bitcoin on daily basis, what other proof do they want to see before they can imagine the incredible boom that Bitcoin is gonna experience after the halving in the bull market, any wise investor will actually know what the future of Bitcoin holds is massive and should be able to hodl some more Bitcoins untill it surpasses the speculated ATH.

[Mayor of ogba]

Also one of the factors that always affect an investor from accumulation of Bitcoin is always expecting the Bitcoin price to dip before they could start accumulating, considering the price movement of Bitcoin waiting for the dip may not be advisable because you could be waiting for a long time and the price is still not dip.

By doing lump sum buy, buy the dip, and buy through DCA. I have done this for like a week now and I have seen the difference from my previous approach.

There is a situation where you will find yourself, with these three strategies you can be able to start accumulating your Bitcoin. For instance, if you want to buy Bitcoin now, you will be afraid to buy because your mind will tell you, you are buying it at a high price, and you would not want to do that. But if you divide your money into three parts, and immediately buy with a lump sum as the Bitcoin price keeps on an upward trend, keep the second part to buy Bitcoin when there is a dip in Bitcoin price, and the third part is to buy Bitcoin through DCA that will help to control the volatile part of Bitcoin in your holding. These three strategies will help people not to miss out on Bitcoin when the Bitcoin price is too high because if you want to use only the DCA strategy you might not be able to accumulate the quantity of Bitcoin you want on time.

It seems you have another way of buying in Lump Sum because from your quote you are trying to say that Lump sum is good when the Bitcoin price is high but however on the contrary I don't think is the best way to Lump sum because the quantity of Bitcoin you could get if you Lump sum when the price is higher will be a bit small compare to dip, so however is mostly preferable to Lump sum when the Bitcoin price is a bit dip because that's the only way you can get a good amount of Bitcoin.

Also you don't necessarily need to use all the three strategies or rather method before you can start your investment because as an investor having too much strategy can affect your accumulation process either negative or positively so perhaps you could just focus on the DCA and Lump sum if you have the funds instead of three strategies.

Mate, you misunderstood me; I didn't specify a single-amount purchase. In some circumstances, lump-sum buying is advantageous because it will accelerate your Bitcoin accumulation. And you will not have to wait for the Bitcoin price to reduce before you can buy. Let's say, for instance, that you want to begin accumulating Bitcoin using the DCA strategy and that the price of Bitcoin is $50,000. However, you are well aware that before you can accumulate the quantity of Bitcoin you desire, Bitcoin may set a new ATH, putting you far behind in your accumulation. However, if you use the three strategies, you will be fast and among those who hold Bitcoin. If Bitcoin reaches $100k, you can sell the one you bought with a lump sum if you intend to sell; if Bitcoin dips, you can still buy the dip and continue DCAing until you reach the desired quantity of Bitcoin.

[Samlucky O]

Using 50% of your salary seem too high for me because is more like aggressive investment because let say your monthly basic salary is $200 and when we remove 50% you will be left with $100 so however is obvious that within the month there is every possibility that you will spend it all, and perhaps if you have a family you will have to take care of your kids needs as well as your own needs so there is every tendency that $100 will not be okay to solve those needs before you could receive another salary.

So in as much as you are eager to accumulate as many Bitcoin as possible doing it in a wrong way will result to tempering your accumulated Bitcoin, so I would suggest that instead of using 50% of your salary you could cut it down a bit to may be 10% instead because it will allow you to have a breathing space such as having a good reserve funds that could possibly take care of any needs while you keep accumulating consistently on a weekly basis.

I think everything depends on what is your plan and the target you have set for yourself. Let's say I set a target of having of having a particular amount of Bitcoin before the next halving and I have calculated that investing 10% of my salary won't allow me achieve that, but spending 50% of my salary will help me achieve my set goals. All I have to do is cut down some of the things I spend money on which are not really necessary to achieve my set goals. Also there is a possibility that I don't have a family yet and I don't have any kids yet. So instead of spending on women, alcohol, parties and eating in restaurants etc. I can reduce these things and make my own food at home. If I do these things $100 will take care of me for a month if we are using the $200 you talked about as monthly salary. And mind you as a man it's not advisable to only have one source of income. So let's also assume I have another business that gives me like $40 weekly I will be fine with investing 50% of my basic salary from my other job.

All what you have said is true,  I really do understand what salamuh is trying to say, that you shouldn't invest angressively. Investment should be base on how you invest without having second thoughts of selling your coin when there is problem. You have narrated everything that you dont have kid or family. For that reason you can do it fine. What if there is no $40 weekly payments business how would you also cope? Because you talk base on absumption and you are not really sure. For me if you are reacieving payment like $200 according to salamuh absumption, what I will advice is to reduce it from the %50  to %25  Eg salary $200 ÷ 2 = $100 the first $100 is for taking care of your responsibility or reserved fund. while the other $100 ÷2 = $50 each, you can use $50 for DCA $25 for lump some and the other $25 for buying dip. I think this will reduce the stress of depriving yourself of some certain things all because you want to meet up target. Even as we are trying to accumulate, we should know that all our efforts is to survive and puts food to our table. If you deprive yourself of something's thought it wouldn't hurt you that moment but later you will realize that some things need to be fixed at the write time. In other not to affect your bitcoin. For example somebody who starved himself because he want to accumulate btc and later have a stomach ulcer, you will still need to sell your accumulated btc to treat your predicament.

[adultcrypto]

A little personal appraisal

Bitcoin have once again shown its hands by breaking $40k price point. Now let's be more practical about it. I joined this thread around early August this year and met the DCA method of Bitcoin accumulation as the dominant discussion. I jumped into it and decided to apply it weekly starting from when Bitcoin was around $26k. As of today, I have confirmed that I have recorded over 25% gain in my entire portfolio without feeling any financial pressure as I was living my normal life, meeting my financial obligations yet setting aside some portion for Bitcoin, this has grown tremendously. The DCA method is a wonderful approach that those who have steady income can adopt, the advantages are just so many.

Anyone still doubting Bitcoin as of now should have a rethink. We might see something so significant in the next bull run because it is obvious there is a growing interest in Bitcoin. Those waiting for the bull run after halving might be wrong this time.

[Wind_FURY]

I may not prefer using DCA as a strategy for buying Bitcoin, but obviously El Salvador's DCA under the policy of Nayib Bukele is starting to produce dividends. Does anyome know what the average cost of ther investment is? I believe surging to a new all time high would make that about 2.5x, no?

If Bitcoin surges more to a six digit valuation, then some of the other Latin American countries would probably start proposals to DCA Bitcoin. Bukele front-ran all of them.

[JayJuanGee]

Using 50% of your salary seem too high for me because is more like aggressive investment because let say your monthly basic salary is $200 and when we remove 50% you will be left with $100 so however is obvious that within the month there is every possibility that you will spend it all, and perhaps if you have a family you will have to take care of your kids needs as well as your own needs so there is every tendency that $100 will not be okay to solve those needs before you could receive another salary.

So in as much as you are eager to accumulate as many Bitcoin as possible doing it in a wrong way will result to tempering your accumulated Bitcoin, so I would suggest that instead of using 50% of your salary you could cut it down a bit to may be 10% instead because it will allow you to have a breathing space such as having a good reserve funds that could possibly take care of any needs while you keep accumulating consistently on a weekly basis.

I think everything depends on what is your plan and the target you have set for yourself. Let's say I set a target of having of having a particular amount of Bitcoin before the next halving and I have calculated that investing 10% of my salary won't allow me achieve that, but spending 50% of my salary will help me achieve my set goals. All I have to do is cut down some of the things I spend money on which are not really necessary to achieve my set goals. Also there is a possibility that I don't have a family yet and I don't have any kids yet. So instead of spending on women, alcohol, parties and eating in restaurants etc. I can reduce these things and make my own food at home. If I do these things $100 will take care of me for a month if we are using the $200 you talked about as monthly salary. And mind you as a man it's not advisable to only have one source of income. So let's also assume I have another business that gives me like $40 weekly I will be fine with investing 50% of my basic salary from my other job.

I don't disagree with anything that you are saying Justbillywitt, but in your last couple of sentences, you are fighting with the hypothetical.

If we say that you have decided to spend 50% of your income in bitcoin, and you agree that your income is $200, then that would be $100.  So yeah, it is up to you if that is manageable or not based on your situation, and hopefully you have an emergency fund too.

If you add $40 to your income, then your income went to $240.  It did not stay at $200, so if you are still investing $100 into bitcoin then that would no longer be 50%, it would be 41.67%.  If you want to continue with 50%, then you would have to invest $120.. based on that exact example.. if you add a side income, then you have added to your income, and lowered your percentage into bitcoin, unless you also put 50% of that into bitcoin, and sure a lot of different variations are possible, but you should at least present your hypothetical properly and not claim to be investing 50% of your income into bitcoin when the facts that you describe show that amount to be 41.67% when we account for all of the actual income.

Also one of the factors that always affect an investor from accumulation of Bitcoin is always expecting the Bitcoin price to dip before they could start accumulating, considering the price movement of Bitcoin waiting for the dip may not be advisable because you could be waiting for a long time and the price is still not dip.

By doing lump sum buy, buy the dip, and buy through DCA. I have done this for like a week now and I have seen the difference from my previous approach.

There is a situation where you will find yourself, with these three strategies you can be able to start accumulating your Bitcoin. For instance, if you want to buy Bitcoin now, you will be afraid to buy because your mind will tell you, you are buying it at a high price, and you would not want to do that. But if you divide your money into three parts, and immediately buy with a lump sum as the Bitcoin price keeps on an upward trend, keep the second part to buy Bitcoin when there is a dip in Bitcoin price, and the third part is to buy Bitcoin through DCA that will help to control the volatile part of Bitcoin in your holding. These three strategies will help people not to miss out on Bitcoin when the Bitcoin price is too high because if you want to use only the DCA strategy you might not be able to accumulate the quantity of Bitcoin you want on time.

It seems you have another way of buying in Lump Sum because from your quote you are trying to say that Lump sum is good when the Bitcoin price is high but however on the contrary I don't think is the best way to Lump sum because the quantity of Bitcoin you could get if you Lump sum when the price is higher will be a bit small compare to dip, so however is mostly preferable to Lump sum when the Bitcoin price is a bit dip because that's the only way you can get a good amount of Bitcoin.

Also you don't necessarily need to use all the three strategies or rather method before you can start your investment because as an investor having too much strategy can affect your accumulation process either negative or positively so perhaps you could just focus on the DCA and Lump sum if you have the funds instead of three strategies.

The more pure idea of lump sum has nothing to do with whether the BTC price is high or low, and part of the idea is that if you receive some kind of extra money or cashflow (or after you go through your finances, you realize that you have an extra $1,200 that you did not previously realize that you had available for bitcoin)... So right at that time, you decide what you are going to do with the extra money that you suddenly have.   

So you could do what Justbillywitt decided to do:

1)  $600 (50%) into buying right away (that is lump sum).  Lump is based on the price right now.. .. right at the time that we know that we have the money in our bank account or whereever it is that we know that we have it... and we do not know if the price might happen to be high or if the price might happen to be low.. we are going to decide are we buying now or not... .. if so then we are lump summing and if not we are putting it into a different category... which might might be buying on dip or DCA.

2) $360 - 30% into DCA.   Thus, choose your time period.. maybe over a few months or maybe over a few weeks.. or maybe even over 6 months, even though over 6 months would end up being a pretty small amount per week ($360/26 = $13.85 per week), but if it is merely adding to a DCA that you already have, then it might be a practical option to just add that additional amount on for the next 26 weeks.

3) $240 - 20% for buying on dips.  Again, if you already have a buying on dip system in place, you could just add the $240 at various points.  Let's say that you already have a system in place that starts from $37k, and buys $60 of BTC every time the BTC price drops $1k, and so maybe you decide that you are going to add the $240 into 6 parts onto existing buy amounts, or maybe you decide that you want to add 4 additional buy on dips at the bottom of the amount that you have already have set and if your buy orders only go down to $30, you decide to add 4 more buy orders of $60 each from $26k to $29k.  Yes.  I understand that right now buying on dips seems a bit crazy... but these may well be some of the trade offs that go to show that buying on dips is not always a good idea for beginners still establishing their stash, but it might work better for someone who already has a larger BTC stash level, relative to his goals.

A little personal appraisal
Bitcoin have once again shown its hands by breaking $40k price point. Now let's be more practical about it. I joined this thread around early August this year and met the DCA method of Bitcoin accumulation as the dominant discussion. I jumped into it and decided to apply it weekly starting from when Bitcoin was around $26k. As of today, I have confirmed that I have recorded over 25% gain in my entire portfolio without feeling any financial pressure as I was living my normal life, meeting my financial obligations yet setting aside some portion for Bitcoin, this has grown tremendously. The DCA method is a wonderful approach that those who have steady income can adopt, the advantages are just so many.

Anyone still doubting Bitcoin as of now should have a rethink. We might see something so significant in the next bull run because it is obvious there is a growing interest in Bitcoin. Those waiting for the bull run after halving might be wrong this time.

The mere fact that the BTC price went up in recent times does not hardly prove anything, except that the BTC price went up, so any BTC that you bought prior to it going up is in profits.

Big wooptie doo.

If you lump sum buy at $26k and then you sell at $42k, then you would have made 60% on your investment, and it would show you that "trading works."   

Still a BIG SO WHAT.

If we are talking about long term investing in this thread, sure no problem appreciating some of the short term signs that we are on the right track, but still does not resolve a variety of dilemmas that guys likely still have when the BTC price jumps around so violently, then they are faced with dilemmas about whether to buy BTC right away.. DCA'ing and/or whether to wait for dips... and especially newbies have dilemmas over these kinds of matters, and get tempted to sell so that they can buy back cheaper.. which frequently causes more stress than what it is worth..

Actually, I find the ones who had been investing with a DCA style for the last 2-3 years to be much more convincing, and they might even be saying that they had been building their BTC holdings for the last 2-3 years and finally getting into profits. .and that is much more convincing than the mere fact that any of us might have bought coins low in any particular dip (or prior to a recent rise in BTC prices).

I may not prefer using DCA as a strategy for buying Bitcoin, but obviously El Salvador's DCA under the policy of Nayib Bukele is starting to produce dividends. Does anyome know what the average cost of ther investment is? I believe surging to a new all time high would make that about 2.5x, no?

If Bitcoin surges more to a six digit valuation, then some of the other Latin American countries would probably start proposals to DCA Bitcoin. Bukele front-ran all of them.

Surely any of the folks (whether governments, institutions or individuals) would be starting to show quite a few payoffs for any consistent buying of BTC, even if they might have front loaded some of their investment at higher BTC prices... so the persistence will be part of the ways of getting payoffs... but since our dip was so severe, especially between about June 2022 until about January 2023, there were likely quite a few folks who were having trouble in terms of both having money and to have enough confidence to continue to buy BTC during those times.. .. but surely almost any amount of ongoing buying of BTC would have had contributed towards putting that government, institution and/or entity into a good position....

Of course, Microstrategies has been the most transparent in this direction, even though their average cost per BTC is still quite high.. around $30k, but seemingly quite solid in terms of overall financial position.    Bukele has been a bit more obscure about the investments and also the last time that they were showing averages was in the $40ks.. but if he/the country had been buying 1 BTC per day of the last year, that would have brought down their average costs a bit.. but still no real reporting on the matter.. especially as compared with MSTR.

[Sim_card]

If Bitcoin reaches $100k, you can sell the one you bought with a lump sum if you intend to sell

Are you lump summing because you have plans to sell your bitcoin that you bought so soon, if it is so then this is a wrong investment strategy. I thought that you are lump summing to increase you bitcoin portfolio and reach your bitcoin target faster like you mentioned above. A low income earner that just want to start his bitcoin journey will not be able to lump sum and such investor should only stick to DCA in other for him to plan his investment and financial life properly. However, an investor with various means of cash inflow or has fat income can use the three strategy if he has already made plans for them

The DCA method is a wonderful approach that those who have steady income can adopt, the advantages are just so many.

Not only those with steady income alone can adopt the DCA method, but everyone. This is because there are some people that they are contractors or get paid twice or thrice a year, Such people can also use DCA because after, they must have removed their emergency funds and their up keep funds for the period that they will get paid again, also after keeping reserve cash, any amount left can be use for DCA either upfront or weekly or monthly. Only the people that can't use DCA method are people that don't have any income i.e jobless or the once that their income can even meet up with their needs. But such person can still get a second job if he is really interested to invest in bitcoin and hodli for long.

I may not prefer using DCA as a strategy for buying Bitcoin, but obviously El Salvador's DCA under the policy of Nayib Bukele is starting to produce dividends. Does anyome know what the average cost of ther investment is? I believe surging to a new all time high would make that about 2.5x, no?

If Bitcoin surges more to a six digit valuation, then some of the other Latin American countries would probably start proposals to DCA Bitcoin. Bukele front-ran all of them.

Bukele understands the power in using DCA method to grow your bitcoin portfolio and that is why, he used it because it is not a burden on one's financial life. This is why newbies are adviced to use the DCA strategy to increase their bitcoin portfolio with timeline. Bukele will be happy for adopting the DCA strategy to increase his country bitcoin holdings.

[Justbillywitt]

All what you have said is true,  I really do understand what salamuh is trying to say, that you shouldn't invest angressively. Investment should be base on how you invest without having second thoughts of selling your coin when there is problem. You have narrated everything that you dont have kid or family. For that reason you can do it fine. What if there is no $40 weekly payments business how would you also cope? Because you talk base on absumption and you are not really sure. For me if you are reacieving payment like $200 according to salamuh absumption, what I will advice is to reduce it from the %50  to %25  Eg salary $200 ÷ 2 = $100 the first $100 is for taking care of your responsibility or reserved fund. while the other $100 ÷2 = $50 each, you can use $50 for DCA $25 for lump some and the other $25 for buying dip. I think this will reduce the stress of depriving yourself of some certain things all because you want to meet up target. Even as we are trying to accumulate, we should know that all our efforts is to survive and puts food to our table. If you deprive yourself of something's thought it wouldn't hurt you that moment but later you will realize that some things need to be fixed at the write time. In other not to affect your bitcoin. For example somebody who starved himself because he want to accumulate btc and later have a stomach ulcer, you will still need to sell your accumulated btc to treat your predicament.

Every investors has his or her plan of investment. So you can't really determine what is an aggressive investment. Provided I have my emergency funds that I can always rely on I don't think I have a problem of investing 50% of my salary. What is important is that I don't have any pressure on me. Nobody invest and forget he/she will eat. What is important is to invest according to your capacity and your level of income. If I earn $1000 as monthly salary and invest %50 of my salary I will be fine with the other balance left. So are you going to call that aggressive investment? Someone earning $100 monthly should not copy my mode of investment and invest $50 of his salary. This is why I said every investors should invest according to his capacity and level of income.

[Samlucky O]

All what you have said is true,  I really do understand what salamuh is trying to say, that you shouldn't invest angressively. Investment should be base on how you invest without having second thoughts of selling your coin when there is problem. You have narrated everything that you dont have kid or family. For that reason you can do it fine. What if there is no $40 weekly payments business how would you also cope? Because you talk base on absumption and you are not really sure. For me if you are reacieving payment like $200 according to salamuh absumption, what I will advice is to reduce it from the %50  to %25  Eg salary $200 ÷ 2 = $100 the first $100 is for taking care of your responsibility or reserved fund. while the other $100 ÷2 = $50 each, you can use $50 for DCA $25 for lump some and the other $25 for buying dip. I think this will reduce the stress of depriving yourself of some certain things all because you want to meet up target. Even as we are trying to accumulate, we should know that all our efforts is to survive and puts food to our table. If you deprive yourself of something's thought it wouldn't hurt you that moment but later you will realize that some things need to be fixed at the write time. In other not to affect your bitcoin. For example somebody who starved himself because he want to accumulate btc and later have a stomach ulcer, you will still need to sell your accumulated btc to treat your predicament.

Every investors has his or her plan of investment. So you can't really determine what is an aggressive investment. Provided I have my emergency funds that I can always rely on I don't think I have a problem of investing 50% of my salary. What is important is that I don't have any pressure on me. Nobody invest and forget he/she will eat. What is important is to invest according to your capacity and your level of income. If I earn $1000 as monthly salary and invest %50 of my salary I will be fine with the other balance left. So are you going to call that aggressive investment? Someone earning $100 monthly should not copy my mode of investment and invest $50 of his salary. This is why I said every investors should invest according to his capacity and level of income.

You are right though. I should have understood that investment is base on individuals differences and self decipline. What will favour Mr A will not favour Mr B.  My plan and your plan might not be thesame but heading towards thesame direction.

I don't disagree with anything that you are saying Justbillywitt, but in your last couple of sentences, you are fighting with the hypothetical.

If we say that you have decided to spend 50% of your income in bitcoin, and you agree that your income is $200, then that would be $100.  So yeah, it is up to you if that is manageable or not based on your situation, and hopefully you have an emergency fund too.

If you add $40 to your income, then your income went to $240.  It did not stay at $200, so if you are still investing $100 into bitcoin then that would no longer be 50%, it would be 41.67%.  If you want to continue with 50%, then you would have to invest $120.. based on that exact example.. if you add a side income, then you have added to your income, and lowered your percentage into bitcoin, unless you also put 50% of that into bitcoin, and sure a lot of different variations are possible, but you should at least present your hypothetical properly and not claim to be investing 50% of your income into bitcoin when the facts that you describe show that amount to be 41.67% when we account for all of the actual income.

I think your fact was not hypothetically explained. Just as JJG has explained. Perhaps if it were explained in detail, it wouldn't have been misunderstood. But any way I fully understand what you mean.

[Justbillywitt]

I think your fact was not hypothetically explained. Just as JJG has explained. Perhaps if it were explained in detail, it wouldn't have been misunderstood. But any way I fully understand what you mean.

I don't think JJG had a problem with my earlier post where I said I was buying with 50% as lump sum, 30% DCA and 20% dip. He was even in support of the approach provided I have my emergency funds available. I think it was you that didn't properly understand my initial analysis.

[Fauderz]

Actually in this situation I think it is optional. We do need to learn about what bitcoin is and how to invest in bitcoin but we don't need to learn too much about investment theory if we really want to start because in the end this kind of theory will only make you struggle in learning but not dare to try.
I do not deny that learning is something very important but you should also try to directly practice what you learn because after all we can also still learn by doing so that the theory we learn is directly in the form of action in practice so that you know that what you learn is true or not.

How can you be motivated to invest in Bitcoin if you don't know about Bitcoin investing? Don't you know that the more experienced you are with Bitcoin the more successful you are. Because you don't know what to do about Bitcoin? There are ideas. Because of course our education about bitcoin is very important because if I don't have knowledge about bitcoin then investment is definitely ricks. Only after knowing the information should we awaken our ability to take risks, and invest in Bitcoin to the best of our ability as we move forward into the future. So I definitely prioritize learning about Bitcoin and gaining knowledge about investing.

You're making me look bad buddy as if I'm saying that there's no need to learn in bitcoin even though we're in it.
What I mean is that we don't need the whole of bitcoin because we only need the basics to get started. as for after starting to be in bitcoin we learn further to increase the knowledge we have in bitcoin so that we can run investments that are run in bitcoin while continuing to learn bitcoin.
This is intended so that we don't have to wait long and lose momentum to be in bitcoin because in the end when we only focus on learning bitcoin without taking action in investing what we have is just an understanding and theory but not accompanied by practice that can make you more able to understand because the experience of running practice and talking about theory alone will be very different in terms of results.

Knowledge is important but to start being in bitcoin and investing in it we don't need to master all aspects of bitcoin because in the end when we have started the aspects that exist to support being in bitcoin to make it even better we can find it on the way in the process.


Friend @Justbillywitt I'm confused by your quote and you should take a look at the rules written at
Beginners & Help


or maybe some threads like

Unofficial list of Bitcointalk.org rules, guidelines, FAQs
Beginners - Read before posting

Because the quoting you did was not correct and I looked at your post history partly the same there were some mistakes in quoting.

No offense, I'm just reminding you.

[SmartGold01]

I may not prefer using DCA as a strategy for buying Bitcoin

DCA'ing most not be for everyone but to those who are yet to take a final decision to buy at a go without having the mind of doubt that it may go dip or higher at this point such person(s) may decides involving themselves with DCA. Then if you think the price won't come down or won't dip anymore and you have the available funds to invest then buying at a go is also better because if you don't buy at that point you would end up regretting maybe you have to wait till further noticed when bitcoin price dropped to price you missed.
Lets take for instance, first week of last 2 month if someone purchased a bitcoin at a go without doing DCA don't you think such person could have made about 5 to 10 percent of their investment? Yes this is true but the person who is doing DCA may not have that profits because s/he ends up accumulating very little fraction of it.

[Greyhats]

Who’s buying the current dip? I am ~30% dippage on the previous ATH

[JayJuanGee]

[edited out]

I don't think JJG had a problem with my earlier post where I said I was buying with 50% as lump sum, 30% DCA and 20% dip. He was even in support of the approach provided I have my emergency funds available. I think it was you that didn't properly understand my initial analysis.

Of course, we have a lot of latitude in how we choose to invest into BTC, and I think that would be my main concern with anyone who is going to approach BTC in what seems to be a more aggressive than typical way is to make sure that they have a pretty solid emergency fund.. .. So in other words, the more aggressive that we are, the more important is that our emergency fund is solid.

Friend @Justbillywitt I'm confused by your quote and you should take a look at the rules written at

He just needs to edit his posts and to remove one of the open quotes ...  this part [quote.] ... , and then his quoting should come out correctly.

[Obim34]

I may not prefer using DCA as a strategy for buying Bitcoin

DCA'ing most not be for everyone but to those who are yet to take a final decision to buy at a go without having the mind of doubt that it may go dip or higher at this point such person(s) may decides involving themselves with DCA. Then if you think the price won't come down or won't dip anymore and you have the available funds to invest then buying at a go is also better because if you don't buy at that point you would end up regretting maybe you have to wait till further noticed when bitcoin price dropped to price you missed.
Lets take for instance, first week of last 2 month if someone purchased a bitcoin at a go without doing DCA don't you think such person could have made about 5 to 10 percent of their investment? Yes this is true but the person who is doing DCA may not have that profits because s/he ends up accumulating very little fraction of it.

A person should try to understand, analys and make a good decision on how and when to enter the market. At most time DCAing is favorable but still at a point where you feel that there is a current dip and entering  the market at that time will give you much profit than buying in fraction, it is ideal to accumulate more and more and that point.
Sometimes you need to alter your stretegy to achieve something better, like for instance due to the current price of Bitcoin, we all know Bitcoin is start making the bull run and is not just going to go up once it might decide to still go down below $40k now seeing the market go below the current price in hands with it's volatile nature, having a lot of spare funds with you instead of you waiting for the specific interval set for DCAing, because the price might go up while waiting for the specific day to accumulate, it will be very good if a person can buy there at that price, there by giving him better percentage profit of his investment

[SeriouslyGiveaway]




Long term investment plan is the right investment plan for an investor. To begin with I have read the posts in this section thoroughly before and most of the posts suggest investing in Bitcoin and holding that investment for a long time. After reading the posts in this section all my misconceptions about investing have been cleared and I now understand that long term investing is a viable investment plan for an investor and I now believe in long term investing. 
Those who are new investors buy bitcoin without thinking so much and keep that bitcoin for long time and if possible increase your investment amount you will realize the result at the end of time.

I agree that there are several valuable perspectives here that can assist those who are unfamiliar or confused about how to invest in the upcoming cycle. Time is running out for accumulating, and these insights can be beneficial. It's a reality that newcomers often don't start with holding Bitcoin. While they might enter the market because of Bitcoin, they are often drawn to Altcoins. This truth might be uncomfortable for Bitcoin enthusiasts, but it's a sentiment I think many here may disagree with.

Having experienced two cycles, I understand that for long-term goals, holding Bitcoin is a solid strategy. However, I'm not too rigid in my approach. I don't overlook the rest of the market and still allocate a small portion of my capital to invest in other opportunities. It's about finding a balance and being open to various possibilities in the ever-changing crypto landscape.