Buy the DIP, and HODL!

[Publictalk792]

It seems that the point is that when the unexpected moves upward come, there may not end up being a correction in order to get back in, and we never really know when those unexpected move upwards are going to be.  So it is better if we are "mostly in" during those period in which the BTC price goes up and does not end up correcting back down.

We also don't even know once an UPward move happens (for instance the move up from $16k to $25k in late 2022/early 2023 with ONLY a correction to $19,800, and then our recent move up from $26k/$27k in mid October up to nearly $45k.. and so far hardly any corrections) if it will correct back down or not... and historically, sometimes we have seen 2x, 3x or more in fairly short periods of time... but there could be several 15% to 30% upward moves within the larger upward price move... so the point is mostly to be "in" during those UPpity periods.

I completely agree with your point about the unpredictability of upward moves in the BTC price. It's true that we never really know when these unexpected surges will occur and there is no guarantee that there will be a correction afterward. Therefore it does make sense to be mostly invested during those periods when the BTC price is on the rise and not correcting back down.
You mentioned a couple of recent examples... These instances demonstrate how the BTC price can experience significant gains without necessarily correcting back down immediately. While there is always a degree of uncertainty history has shown that there can be substantial gains in relatively short periods of time.
But in all of these cases if anyone is DCAing so he will never think about it even the price is going up or going down. Like you have mentioned many time that if anyone holding and DCAing the Bitcoin for 4-5 years so this will be profitable after certain period.

I doubt that being in bitcoin for 4-5 years or more helps you to know better when the BTC price will move,

There is nothing to be unsure of. It is a fact. Many years of experience cannot make an investor know what the price of bitcoin would be. Although experiences matters a lot when you want to accumulate Bitcoin. It will help you know the strategy to use and when to utilize that strategy to accumulate enough Bitcoin. In my experience DCA is the way. When it goes up we DCA and when it goes down we DCA as well. DCA has helped me neglect the urges to trade short term and sell often. With time it will be the best way to accumulate Bitcoin.

DCA is an effective way to accumulate Bitcoin especially for those who believe in the longterm growth of the Bitcoin. It helps to remove the pressure of trying to time the market and instead focuses on steadily building a position in Bitcoin. That is the one strategy which fits with every mind.

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[Obim34]

I think it's not a significant problem. I'm sure with DCA's investment model and the saying we're going to lose money/rugpull will change. Everyone tries to do their best in investing and sometimes the implementation is different. Some say changing habits is difficult, especially changing investment patterns which in the past we often saw people putting in/buying everything at once, everything was considered appropriate and not wrong, but if we lower the tension just a little, in my opinion it would be wiser to arrange it, do it in such a way and that not that difficult.

That's right, as you said, there is always the possibility of a market correction and sometimes it is beyond our understanding and just look today at how it can suddenly go down even though if we look at the graphic data it shows it will go up. So, what is needed in this situation is fresh funds to be able to absorb any downturn. Apart from research and observation before buying, the luck factor is not needed at all here because DCA is a pattern of buying every drop if we have savings.

Personally I wouldn't pick the option of changing Bitcoin strategy as difficult as some people might oppose. One thing for sure, change is constant and we humans are built differently in such a way we are able to quickly adapt to new things. So it is left for the person to take the bold step in changing such strategy.

It is still not a bad idea buying wholesomely from the DIP but how often or long do we propose the DIP to happen. Very important at every stage to know which strategy to apply, at some DIP you may find it very interesting to accumulate more than normal DCA amount that those not necessarily mean altering your DCA strategy.

[JayJuanGee]

There is always a possibility for a correction, and that is part of the reason that everyone needs to invest in bitcoin in a way in which he prepares for short-term price moves in either direction, and if he has no bitcoin, then he is not prepared for up.. .so even if the BTC price has already gone up more than 60% in the last 2.5 months, that still does not mean that it might not continue to go up from here.

I think it's not a significant problem. I'm sure with DCA's investment model and the saying we're going to lose money/rugpull will change.

The idea of rug pull is quite different from up and down market movements, even if you might get the sense that sometimes the BTC price is manipulated up or down, there are players who are trying to push the BTC price in one direction or another, yet bitcoin is likely one of the free-est of markets that currently exists, even if there are behaviors to push its price in one direction or another that may or may not end up being successful.

I see that you have been registered on the form since early 2017, so surely you may well have gotten used to various kinds of price moves in BTC, and in your earliest months of BTC accumulation, it may well not really matter so much when you accumulate BTC, just as long as you start to get into bitcoin, then you will at least have somewhat of a stash of BTC so that you are prepared for UP.

At the same time, if you are continuously worried about BTC prices dropping after you bought, then you likely bought too much and you did not save enough cash to be able to continue to buy when the BTC price goes down (that is if it ends up going down from the prices that you had bought).

Long term investing should just mean ONGOINGLY buying BTC until you get to a certain amount of BTC that you feel that you have enough.. and if you are a long term investor into bitcoin, and you have conviction in bitcoin, then the main thing that you should attempt to focus on is to make sure that you are continuing to build your bitcoin stash through ongoing buying, and it is quite difficult to know when the BTC price is going to fall or if it might fall or if it might not even fall, but as an individual investor, you can decide for yourself how much money you are going to use to continue to buy BTC versus how much you are going to have available to buy on dips. .and at what price points is that money for buying on dips going to be reserved.

If you have been in bitcoin since early 2017, then you could still consider yourself as still buying BTC in terms of long term investing for any new buys that are 4-10 years or longer from the point that you buy the BTC and not necessarily the point that you got started in BTC, even though your earlier purchases of BTC can still inform the extent to which you feel that you need to buy more BTC and what would be the terms upon which you are buying any new BTC.. are you thinking in terms of 4-10 years or longer for any new purchases or are you thinking in other kinds of terms, such as trying to play the wave with any such additional BTC that you might be buying now and planning to sell some or all of that at various points on the way up.  Ether practice could work, even though you might be trying to long term invest and also to have ideas about trading at the same time, which may or may not be a good idea or a good way of thinking about how to manage your BTC accumulation if you perceive yourself to still be in BTC accumulation phases or if you perceive yourself to be in some other stage, such as BTC maintenance or BTC liquidation.. and surely the stages are not absolutes, either, they can overlap one another.

If you are brand new to bitcoin and you are largely DCA buying, then you might not even feel that it is worth it to keep any money available for buying on dips because you DCA buys are fairly regular (maybe even on a weekly basis), and you might well just choose to attempt to time your dips within the week in order to try to buy on dips during each week that you are planning to buy anyhow, but once you get to a certain level of BTC accumulation, you might end up varying your strategy beyond merely DCA buying, and sometimes you will be correct to vary your strategy, and perhaps other times you would just be better off to just keeping on with your DCA buys..

and there is also no reason to believe that DCA buying is boring and our stagnant, especially if you are trying to be aggressive in your DCA approach.  The more aggressive that you are in your DCA approach, the more you need to pay attention to maintaining your emergency fund, and balancing your income versus your expenses in terms of strategizing when you are authorizing yourself to allocate parts of your income to buying bitcoin.  So for example, you could have a income that is between $1,200 and $3k per month, and expenses that vary between $1,600 and $2,200 per month, and surely I tend to be on the conservative side in terms of making sure that my income has come in before I spend it, but sometimes you also might want to make sure that both your income and your expenses are in for the month before you allocate the extra amount towards bitcoin, and since your both your income and your expenses have a decent amount of variance, you might feel a need to maintain a larger emergency fund that is closer to 6 months of expenses (which would be $13,200 ($2,200x6)), and if you have months in which your income is less than your expenses, you might be drawing from those emergency expenses, but you still may or  may not be in a situation in which you are maintaining a minimum amount that you continue to buy BTC no matter what... So, there are a lot of ways in which you can build cushions and priorities and do many things at once, even though some people like to describe DCA as boring, which I doubt that it has to be, except there are ways to purposefully make it boring, and that might be to choose a real lowball amount to DCA, such as $50 per month, even though you have a budget in which you could invest between $50 and $1k per month, depending on how your income versus your expenses play out for that month..

Everyone tries to do their best in investing and sometimes the implementation is different. Some say changing habits is difficult, especially changing investment patterns which in the past we often saw people putting in/buying everything at once, everything was considered appropriate and not wrong, but if we lower the tension just a little, in my opinion it would be wiser to arrange it, do it in such a way and that not that difficult.

I agree with you that each of us comes to investing in a way that is somewhat aligned with our past ways of doing things, and sometimes there could be ways that we can learn to improve our systems, and some people are more able to adapt than others, even though we still draw from our past experiences in terms of how we think about investing and if we also might have some bad habits that might not involve enough figuring out what are budget limits are and to make sure that we are not overly gambling or not understanding our cashflows well enough.

If we don't have a good idea for our cashflow 3-6 months into the future, and then we end up overly investing into bitcoin or into something else, then we might end up putting too much stress upon ourselves when our cashflow shortage comes later down the road, and we are not really sure from where it came (except if we would have planned in advance, we would have already been able to see how our income versus expenses were lining up and maybe we even have various cushions in our accounts that end up serving as the places in which we draw from for investing, so for example, if we are young and have hardly any responsibilities, then we might maintain at least a $500 cushion in our account at all times, and we can see the times of the month in which our various cashflows are close to the cushion. and maybe much of the month we have $2k to $5k extra, but every once in a while it we can see it gets close to the cushion so we make sure that we take measures to never go below that particular cushion.

If our finances are  more complicated with family obligations, business expenses, and even uncertainties of income, we might try to create a cushion that never goes below $3k... so yeah we realize if at any point we end up going below $3k, we are in a real bad place, so we have to scramble a bit to get it back above $3k, so the one with a cash cushion of $3k, might have regular cash balances that are in the $5k to $10k territory, but they can project ahead and see that each month they get close to $3k, and so they can use those kinds of balances to figure out how much they are able to invest and when to authorize their abilities to invest.. whether weekly, monthly or some other time period.

That's right, as you said, there is always the possibility of a market correction and sometimes it is beyond our understanding and just look today at how it can suddenly go down even though if we look at the graphic data it shows it will go up. So, what is needed in this situation is fresh funds to be able to absorb any downturn. Apart from research and observation before buying, the luck factor is not needed at all here because DCA is a pattern of buying every drop if we have savings.

DCA is buying based on your own budget, and buying the dip is buying the dip. They are different, and even if you might be at a point that you have accumulated quite a bit of BTC and you feel that you prefer to buy on dips rather than DCA, those kinds of decisions should be based on your own sense of whether you have accumulated enough BTC, and sometimes the BTC price action might inspire you to buy more or to buy less, but those likely are luxuries that come from having had already accumulated a decent amount of BTC so that you are already feeling sufficiently/adequately prepared for up.

[edited out]

Correction always happen that's why we always need to look at this situation and don't play around since we think bitcoin will continue to pump.

Corrections do not "always" happen in the way that you are describing, yet each of us should always be prepared (psychologically and financially) for corrections to happen whether they end up happening or not.

If we do that for sure we regret these since for sure there's so many fuds will scatter and might we get affected with those situation.

Yes.. .We do not want to prepare for only one direction, even though ONLY 1 direction might end up happening, but we are prepared for either.

One thing about preparing for UP, an overwhelming majority of the persons of the world are not even close to sufficiently/adequately prepared for UP, so any of us who prepare for UP are going to be way more advantaged over them, and we are also going to be advantaged because we are prepared for both up and for down, and many of the persons of the world are also not prepared for down because they are not prepared to buy BTC when (or if) the BTC price goes down.. so there is one thing of being prepared to HODL through the down, but there is even a greater bonus to be prepared to buy on the way down (if it goes down), and to have some ideas before the downs happen, at which price points we are going to buy how much BTC... so preparing for UP and for DOWN does better prepare you for UP, too.  

But for sure over the time we are trading we can learn a lot base on our experiences

Hopefully if we are trying to accumulate BTC, we are not so dumb as to engage in trading (and/or gambling) tactics because an overwhelming majority of people will be better off to engage in more strict forms of BTC accumulation that includes various kinds of buying of BTC to accumulate more BTC, and selling BTC to accumulate BTC is not a very good practice for the overwhelming number of normal people of the world... in other words trading is a specialized practice and not advisable to do.. especially for beginners to bitcoin, and maybe ONLY once you establish your BTC stash after several years and maybe ONLY less than 10 % of the size of your BTC stash.

then for sure we can choose whether we do DCA or do long term HODL since we are well equip with knowledge we get thru our experiences in the market.

DCA and long term HODL go together, but surely anyone is free to sell their BTC at any time that they like, even if selling their BTC might not be a good idea in terms of longer term kinds of financial preparations.

When bitcoin  started gaining big rise, Investors would wait for the price to go down and when it does they go all in the market. And back then the price was more affordable when the price has not exceed $10,000. A lot of persons where doing lump sum. Now the price is way high for a regular citizen to afford to buy once this is why the DCA method is adopted by many.

Price is relative, so I doubt that BTC price is too high to perform lump sum or other tactics such as buying on dips, even though DCA can help to mitigate some of the affects of lump sum buying and/or buying on dips if the BTC price moves against what you expect, so if you buy on the dip or lump sum buy and the BTC price goes down, then DCA can help to mitigate the price exposure from having had chosen to engage in such lump sum purchasing of BTC.

Just to let you know, there are likely going to be folks who are new to bitcoin who are going to be buying a lot of BTC, and they are going to want to get exposure quickly rather than over an extended period of time, which is one of the advantages that lump sum (and buying on dip - if the dips happen) can have over the DCA approach to BTC buying.

Even if the BTC price went up 50% to 60% in less than 2 months, that still does not necessarily mean that BTC prices are currently high.  Also, recall BTC prices went up around 3x from their November 2021 bottom, so in about 2 years, but even now, as I type this post, BTC prices are ONLY right around 42% above the 200-week moving average (which is currently $29,634), which is hardly high prices, even if we might end up getting a BTC price correction... but we might not.. There are no guarantees... Historically the BTC price has gotten between 5x to 16x higher than the 200-week moving average, so surely the higher that the BTC price gets above the 200-week moving average, the more we might start to sense that the BTC price is frothy and due for a correction.. and on the short term basis, such corrections may or may not end up happening.

[edited out]

If we keep money in the bank, there is a possibility that the bank will go bankrupt and if the bank goes bankrupt, we will be burdened with debt as soon as we save money in the bank, why do we invest in it? It seems to me now that investing in Bitcoin is much safer than keeping money in the bank if you can store your investment in a good wallet.  
I am keeping money in the bank and the bank is doing business with my money so what is my profit there.

Instead of keeping money with others, you should invest yourself and create a great chance of profit by investing. We all love to save and keep money in the bank but many have different opinions when it comes to investing.  
Honestly now I don't trust the bank so I invest the remaining money in bitcoins and I consider this investment as savings and a way to get big profits in the long run.

All the money from my signature campaign is invested and I spend part of the money I get from my job for my family and the rest I invest in bitcoin consistently. Prior to consistent investment and DCA method I used to save some money in bank but now along with consistent bitcoin investment I have decided to invest the amount of money I have in bank and it will be a good decision for me. I earned the money hard so I don't want to lose that money by keeping it in the bank.

I would consider that there is nothing wrong with keeping a certain amount of money in the bank, including some of your cash reserves, and especially if you have expenses in fiat, then maybe some (or all) of your emergency fund might be in a bank or in several banks or even other kinds of places in which you can access if you need that money.  

Emergency funds should not be in your various investments, but instead various forms of fiat.  Of course, if you get so rich that you have 20-30 times or more of your annual expenses in various investments, then it becomes less critical regarding how well you protect your investments with an emergency fund, but newbie investors need to have an emergency fund to protect their investments, otherwise they could spend 3-10 years investing, and then not getting anywhere because they have to sell their investments at a time that is not of their own choosing because they failed/refused to maintain an adequate emergency fund.

People invest because your money is not likely going to be keeping up with inflation if you are keeping it in various fiat forms, but it still does not mean that you should not be keeping some money in various fiat forms.. even though you are going to get your growth (or even your abilities to keep up with inflation and the degradation of various kinds of fiat) through investing in assets and bitcoin is likely to be a good one (if not the best one) of the choices of where to put extra money.

[MusaPk]

I doubt that being in bitcoin for 4-5 years or more helps you to know better when the BTC price will move, but it helps you to figure out at what prices that you might buy, if you had started to slow down in your BTC accumulation, then you may stop DCA and ONLY accumulate on dips or during BIG dips.. but you are likely mostly informed by a sense of already having more BTC.. and perhaps even getting to a point in which you feel that you have enough BTC relative to other assets that you also have.    Your choices are likely not even going to end up being correct, but you are in a better position to have more options after you spent some time accumulating bitcoin (and also more likely to have your currently held BTC in profits) versus the person who might be in his first year or two of BTC accumulation, but some people still might not end up doing the right thing because they might be trying to keep their average cost per BTC down, and then they end up being too whimpy in their BTC accumulation, merely resting on their having had accumulated BTC at lower prices and at earlier times.  There sometimes can develop feeling of futility if you accumulated 4-5 BTC over the past 4-5 years, but at that same accumulation rate, you may well ONLY be able to accumulate 0.5 to 1 BTC over the next 10 years, so there could be some questions regarding if it is a good idea to continue to accumulate BTC, and no one can really decide for that person who is weighing his own particulars in order to figure out whether 4-5 BTC is enough and how much better would it be to have 5-6 BTC, even if it could take another 5-10 years to accomplish such additional BTC accumulation.

If you are not doing DCA and trying to buy only on Big Dips, then you need to continuously remain in touch with Bitcoin price and try to figure out yourself dips and big dips. The only thing we don't know is that the price we buying is the bottom or just the start of dip. These are things you have to keep in mind if you are not doing DCA.
If you are not in DCA and have huge cash then buying at one price is also a good option provided you are willing to HODL for a longer duration. Lump sum investment becomes more profitable if you correctly caught the big dips. But again there are trade-offs, in Nov 2018 price of Bitcoin was around 5000$ while in Nov 2021 price of Bitcoin was around 65000$. If you have your Lump sum investment at 5000$ and you are willing to HODL for 4 to 5 years then results will be very much positive.

JayJuanGee is our ChatGPT of Bitcointalk.org 

[Winterfrost]

JayJuanGee is our ChatGPT of Bitcointalk.org 

Sincerely speaking it took me almost an hour to read through and analyze all he had said. I have to go back to the previous conversations and comments he quoted for proper understanding so I won't misquote.

I think it's not a significant problem. I'm sure with DCA's investment model and the saying we're going to lose money/rugpull will change. Everyone tries to do their best in investing and sometimes the implementation is different. Some say changing habits is difficult, especially changing investment patterns which in the past we often saw people putting in/buying everything at once, everything was considered appropriate and not wrong, but if we lower the tension just a little, in my opinion it would be wiser to arrange it, do it in such a way and that not that difficult.

That's right, as you said, there is always the possibility of a market correction and sometimes it is beyond our understanding and just look today at how it can suddenly go down even though if we look at the graphic data it shows it will go up. So, what is needed in this situation is fresh funds to be able to absorb any downturn. Apart from research and observation before buying, the luck factor is not needed at all here because DCA is a pattern of buying every drop if we have savings.

It is still not a bad idea buying wholesomely from the DIP but how often or long do we propose the DIP to happen. Very important at every stage to know which strategy to apply, at some DIP you may find it very interesting to accumulate more than normal DCA amount that those not necessarily mean altering your DCA strategy.

There is a valid point here and a very sound message your passing and I wont be ignorant. It is important that at every point in time. There is a perfect strategy that would be perfect in accumulating bitcoin. But how would we know? This leaves me to adopt the strategy that I can still DCA, and if there is an opportunity to lump sum when the price dips, I wont hesitate to do that. And by anyway it wont hinder my DCA. But this will require enough funds as you have to keep some extra bucks and expect the price to dip while your Dcaing.

[MainIbem]

JayJuanGee is our ChatGPT of Bitcointalk.org 

Sincerely speaking it took me almost an hour to read through and analyze all he had said. I have to go back to the previous conversations and comments he quoted for proper understanding so I won't misquote.

That means you are yet to understand JJG before you must follow in his conversation you must be ready to put some meaningful things out there otherwise you won't understand what the post is all saying. Anyone who is ready to learn and expand his knowledge should always follow him I think he devotes more time with some newbies with his ways of posting and I will advise you don't rush while commenting on the thread his communicating with people. However I never fails to read most of his post even though I don't find much time comment but i do gain some vast knowledge through his write up.

[Gallar]

And a little advice from me, when you do DCA, you should send your bitcoins to your wallet at least every two accumulation periods. Because currently bitcoin transaction costs are quite high. So to minimize this, it's a good idea to collect bitcoins on the exchange first, and if you have collected a large amount of bitcoins, then send them to your wallet. Moreover, you like to do DCA on bitcoin with small amounts.

Yep.  BTC accumulators should be trying to figure out the size of their UTXOs, so that they are able to have options in the future, especially if there are periods in which the transaction fees might unexpectantly go higher for a certain period of time, and there could even be instances in which they stay high for long periods of time.

If someone is ONLY accumulating $10 per week, then maybe they have to wait several months, even 6-12 months (or even longer) before they send their accumulated BTC holdings to private BTC addresses, and personally I am not trying to encourage holding BTC on exchanges, but it may well be more practical to make sure that a person does not have his BTC in UTXO sizes that become either unspendable or just way too expensive to spend, and even someone with $200 worth of BTC in a UTXO might not want to spend 1/4 or $50 on transaction fees to send it, but if the person has $5k in a UTXO, then spending $50 to send it might be considered reasonable (or acceptable).

I know that some folks had already explained and/or theorized that poor people are disproportionately affected by periods in which the BTC transaction fees are really high and also that BTC transactions seem to be unwarranted for smaller sized transactions, and these also could be purposeful attacks on bitcoin in order to dissuade poor people from getting involved in bitcoin, and that truly could end up working to the disadvantage of poor people who do not figure out ways to accumulate bitcoin without incurring high transaction fees, and so what kinds of transaction options that are available is going to vary from location to location, and not everyone is going to have access to lower fee kinds of options in order to accumulate BTC, which likely does not stop BTC's price from going up, but it does end up scaring (or dissuading) some poorer people from getting involved in bitcoin, even though it would be to their advantage to consistently and persistently accumulate BTC during these times rather than waiting.

Yes, currently Bitcoin transaction fees are still quite expensive. I just checked on Mempool,the lowest fee right now is around $4.52. For investors who like to do DCA with bitcoin with fairly large assets, there will definitely be no problem with these fees. However, for bitcoin investors who have limited capital, the impact will definitely be felt.

Apart from that, I also have an assumption, if bitcoin transaction costs continue to skyrocket and do not decrease in the next few months, perhaps the image of bitcoin will change slightly among small investors. Because for them (small investors), if for example they paid a transaction fee of $5, maybe they would think twice about investing in bitcoin. Because in some countries $5 is quite valuable, and to get it some people have to work all day. So if, for example, it is true that there is play by several parties or several people, I don't think they have thought carefully about the impact. Because instead of continuing to promote Bitcoin's image with the slogan of cheap transaction fees, they instead make transaction fees expensive (if there is a game at all).

However, I also agree with you, that instead of waiting for bitcoin transaction fees to become even cheaper, it is better to continue to set aside cold money to accumulate in bitcoin. Because instead of waiting, it's better to just start and continue (DCA). But on a longer scale in terms of accumulation time. Because maybe all of this happens, (expensive transaction fees) if seen from the positive side it is caused by network congestion. Because maybe the bitcoin halving will be coming soon. Therefore, many people flocked to invest in bitcoin and caused the network to become congested.

But even so, I hope that bitcoin transaction fees can be cheaper as soon as possible.

[Riginac111]

Their is something I understand for bitcoin purchasing and also bitcoin holding, the most thing  that is very important with bitcoin investment is that it depends on when you will release your bitcoin, but one of the parameters that can lead the buyer or the investors to the profiting aspect of it is through timing before you buy, I have heard many conversations that relates the appropriate time someone should purchase a bitcoin but from my observation I don't think investing in bitcoin have actually period you can invest.

What is most important for bitcoin investment is that Bitcoin investment have to do with research and timing before buying so that you will not experienced any loss, so in actual sense it's cogent to purchase when bitcoin is dip so whenever the market is of positive they will be a profit and something of that kind should happen when you have in mind for one year duration or six months duration of investment

Mostly what keep investors behind of not making profits is that they don't calculate a time and for you to buy at dip that means you have scrutinised the market, and it's a priority of buyer to investigate and examine before buying bitcoin.

[JayJuanGee]

I doubt that being in bitcoin for 4-5 years or more helps you to know better when the BTC price will move, but it helps you to figure out at what prices that you might buy, if you had started to slow down in your BTC accumulation, then you may stop DCA and ONLY accumulate on dips or during BIG dips.. but you are likely mostly informed by a sense of already having more BTC.. and perhaps even getting to a point in which you feel that you have enough BTC relative to other assets that you also have.    Your choices are likely not even going to end up being correct, but you are in a better position to have more options after you spent some time accumulating bitcoin (and also more likely to have your currently held BTC in profits) versus the person who might be in his first year or two of BTC accumulation, but some people still might not end up doing the right thing because they might be trying to keep their average cost per BTC down, and then they end up being too whimpy in their BTC accumulation, merely resting on their having had accumulated BTC at lower prices and at earlier times.  There sometimes can develop feeling of futility if you accumulated 4-5 BTC over the past 4-5 years, but at that same accumulation rate, you may well ONLY be able to accumulate 0.5 to 1 BTC over the next 10 years, so there could be some questions regarding if it is a good idea to continue to accumulate BTC, and no one can really decide for that person who is weighing his own particulars in order to figure out whether 4-5 BTC is enough and how much better would it be to have 5-6 BTC, even if it could take another 5-10 years to accomplish such additional BTC accumulation.

If you are not doing DCA and trying to buy only on Big Dips, then you need to continuously remain in touch with Bitcoin price and try to figure out yourself dips and big dips. The only thing we don't know is that the price we buying is the bottom or just the start of dip. These are things you have to keep in mind if you are not doing DCA.

I am not sure if we can make that general of a statement regarding what a guy should do once he starts to feel that he no longer needs to DCA.. because there can be quite a bit of variance in regards to how much a guy might be cutting out DCA or ONLY doing DCA during certain kinds of BTC price conditions.

Maybe it would be helpful to give a couple of examples?

Hypo 1 (10-year BTC investor who came into bitcoin already with a decently large investment portfolio)
This person might have invested into bitcoin for 1-2 years using DCA method, and maybe even lump sum investing, so maybe has a $750 average cost per BTC, and maybe built up 300 BTC, and so maybe he just plays the waves and feels like he has enough BTC, and accomplished most of his DCA in the first couple years of investing, and maybe will still buy some more BTC from time to time when he perceives the BTC price to be low.. such as near or below the 200-week moving average, other than that he might just be either maintaining his stash and/or cashing out some from time to time.

Hypo 2.  (10-year BTC investor who came into bitcoin already with a medium-sized portfolio)
 Maybe this person was investing $250 per week into bitcoin, and invested around 130k into bitcoin and accumulated near 115 BTC, and maybe in recent times (since around late 2020 and early 2021), this person has been starting to feel like he has enough BTC and that he can perhaps start to cut back on his DCA buying of BTC

Hypo 3 (10-year BTC investor who came into bitcoin without any kind of BTC portfolio), and has been investing $20 to $100 per week into bitcoin, and maybe averaged around $60 per week of BTC, invested nearly $32k into BTC and accumulated nearly 28 BTC.  This person still is not quite sure if he has enough BTC, even though he has been consistently investing into bitcoin for the past 10 years.  

And yeah, maybe we can imagine similar kinds of hypothetical folks with ONLY 5 years of investing into BTC.

Hypo 4 (5-year BTC investor who came into bitcoin already with a decently large investment portfolio)
This person might have invested into bitcoin for 1-2 years using DCA method, and maybe even lump sum investing, so maybe has a $7,000 average cost per BTC, and maybe built up 150 BTC, and so maybe he just plays the waves and feels like he is getting close to having enough BTC, and accomplished most of his DCA in the first couple years of investing, and maybe will still buy some more BTC from time to time when he perceives the BTC price to be low.. such as near or below the 200-week moving average, other than that he might just be either maintaining his stash and/or cashing out some from time to time.

Hypo 5.  (5-year BTC investor who came into bitcoin already with a medium-sized portfolio)
 Maybe this person was investing $1,000 per week into bitcoin, and invested around 260k into bitcoin and accumulated near 20 BTC, and maybe this person is not quite feeling as if he has enough BTC.... but is thinking that he might be getting close to feeling that way in the next year or so.

Hypo 6 (5-year BTC investor who came into bitcoin without any kind of BTC portfolio), and has been investing $100 per week into bitcoin, and maybe invested around $26k into BTC and accumulated nearly 2 BTC.  This person still is considering that he is quite far from having enough BTC, even though he feels pretty comfortable about his investment to date, but he is thinking that he might need to DCA into bitcoin for another 5-10 more years before he starts to feel comfortable, and maybe he is going to need to increase the quantity of his weekly DCA by either increasing income and/or cutting expenses... and he is thinking that he might be able to bring his DCA amount up to $200 or $400 per week and maybe get another 2 or 3 BTC in the next 10 to 15 years or so.

And, part of my point is that the time in which each of these person is going to feel that he has enough BTC is going to differ, and surely there are advantages in regards to having had started accumulated BTC earlier, and it may well be difficult for later comers to catch up.. and even the person with the worst situation (hypo 6) has a pretty decent advantage over a person who is brand new to bitcoin, unless the person comes in and is already able front load the investment and being able to buy a couple of BTC to get caught up to hypo 6.

Edit:  On February 18, 2024 - in this post, I added scenarios for Hypo 7-15 (which largely bring down the timeline with Hypos 7-9 as 2.5 years, Hypos 10-12 1.25 years and Hypos 13-15 newbie status.

If you are not in DCA and have huge cash then buying at one price is also a good option provided you are willing to HODL for a longer duration. Lump sum investment becomes more profitable if you correctly caught the big dips. But again there are trade-offs, in Nov 2018 price of Bitcoin was around 5000$ while in Nov 2021 price of Bitcoin was around 65000$. If you have your Lump sum investment at 5000$ and you are willing to HODL for 4 to 5 years then results will be very much positive.

These are good points.

JayJuanGee is our ChatGPT of Bitcointalk.org  

I surely have my limits.

JayJuanGee is our ChatGPT of Bitcointalk.org  

Sincerely speaking it took me almost an hour to read through and analyze all he had said. I have to go back to the previous conversations and comments he quoted for proper understanding so I won't misquote.

I might need to start writing shorter responses, since I am probably repeating myself, anyhow.

And a little advice from me, when you do DCA, you should send your bitcoins to your wallet at least every two accumulation periods. Because currently bitcoin transaction costs are quite high. So to minimize this, it's a good idea to collect bitcoins on the exchange first, and if you have collected a large amount of bitcoins, then send them to your wallet. Moreover, you like to do DCA on bitcoin with small amounts.

Yep.  BTC accumulators should be trying to figure out the size of their UTXOs, so that they are able to have options in the future, especially if there are periods in which the transaction fees might unexpectantly go higher for a certain period of time, and there could even be instances in which they stay high for long periods of time.

If someone is ONLY accumulating $10 per week, then maybe they have to wait several months, even 6-12 months (or even longer) before they send their accumulated BTC holdings to private BTC addresses, and personally I am not trying to encourage holding BTC on exchanges, but it may well be more practical to make sure that a person does not have his BTC in UTXO sizes that become either unspendable or just way too expensive to spend, and even someone with $200 worth of BTC in a UTXO might not want to spend 1/4 or $50 on transaction fees to send it, but if the person has $5k in a UTXO, then spending $50 to send it might be considered reasonable (or acceptable).

I know that some folks had already explained and/or theorized that poor people are disproportionately affected by periods in which the BTC transaction fees are really high and also that BTC transactions seem to be unwarranted for smaller sized transactions, and these also could be purposeful attacks on bitcoin in order to dissuade poor people from getting involved in bitcoin, and that truly could end up working to the disadvantage of poor people who do not figure out ways to accumulate bitcoin without incurring high transaction fees, and so what kinds of transaction options that are available is going to vary from location to location, and not everyone is going to have access to lower fee kinds of options in order to accumulate BTC, which likely does not stop BTC's price from going up, but it does end up scaring (or dissuading) some poorer people from getting involved in bitcoin, even though it would be to their advantage to consistently and persistently accumulate BTC during these times rather than waiting.

Yes, currently Bitcoin transaction fees are still quite expensive. I just checked on Mempool,the lowest fee right now is around $4.52. For investors who like to do DCA with bitcoin with fairly large assets, there will definitely be no problem with these fees. However, for bitcoin investors who have limited capital, the impact will definitely be felt.

I am thinking that part of the solution for the smaller investor would be to leave their BTC on an exchange and with a third party until it reaches a significant enough size, whether that is $200 to $1k would be a discretionary matter, and if he has a lot of UTXOs with small amounts that are $20 to $200, then some of those transactions might be a bit expensive to spend from, in terms of percentages, especially the lower level ones.  It is difficult to give any exact and/or specific answer regarding how small of a UTXO would be acceptable, and if it is at all possible it is probably try to let the smallest of them be in the $500 to $1k arena.. which is currently in the 0.012 to 0.024 (which is 1.2 million to 2.4 million satoshis) arena.

Apart from that, I also have an assumption, if bitcoin transaction costs continue to skyrocket and do not decrease in the next few months, perhaps the image of bitcoin will change slightly among small investors. Because for them (small investors), if for example they paid a transaction fee of $5, maybe they would think twice about investing in bitcoin. Because in some countries $5 is quite valuable, and to get it some people have to work all day. So if, for example, it is true that there is play by several parties or several people, I don't think they have thought carefully about the impact. Because instead of continuing to promote Bitcoin's image with the slogan of cheap transaction fees, they instead make transaction fees expensive (if there is a game at all).

There is also lightning network, and I believe in trying to use somewhat self-custody wallets, such as phoenix, but phoenix has a charge to start a channel that has been between 30k satoshis to 60k satoshis in the last few weeks which is around $13 to $26, and there have been some periods recently in which it was 15k to 25 k to start a channel, which is still $6 to $11... so it would be nice to get back down to those lower costs to start a channel.. even below $5 would be good.. but once the channel is open, then it could be a good place for conducting a lot of transactions for less costs, even though it might be better to charge it up with 1 or 5 million satoshis which is currently $400 to $2k.

However, I also agree with you, that instead of waiting for bitcoin transaction fees to become even cheaper, it is better to continue to set aside cold money to accumulate in bitcoin. Because instead of waiting, it's better to just start and continue (DCA). But on a longer scale in terms of accumulation time. Because maybe all of this happens, (expensive transaction fees) if seen from the positive side it is caused by network congestion. Because maybe the bitcoin halving will be coming soon. Therefore, many people flocked to invest in bitcoin and caused the network to become congested.

But even so, I hope that bitcoin transaction fees can be cheaper as soon as possible.

Yep. It almost is starting to seem like an attack on bitcoin (or an attack on poor and/or regular people to be able to use the bitcoin blockchain for regular transactions), but it is not very easy to figure out who is buying so many dickbutts or whatever it is that the current transactors (fee bidder-uppers) are supposedly so excited about and buying and transacting with the various JPEGS on the bitcoin blockchain.

Their is something I understand for bitcoin purchasing and also bitcoin holding, the most thing  that is very important with bitcoin investment is that it depends on when you will release your bitcoin, but one of the parameters that can lead the buyer or the investors to the profiting aspect of it is through timing before you buy, I have heard many conversations that relates the appropriate time someone should purchase a bitcoin but from my observation I don't think investing in bitcoin have actually period you can invest.

What is most important for bitcoin investment is that Bitcoin investment have to do with research and timing before buying so that you will not experienced any loss, so in actual sense it's cogent to purchase when bitcoin is dip so whenever the market is of positive they will be a profit and something of that kind should happen when you have in mind for one year duration or six months duration of investment

Mostly what keep investors behind of not making profits is that they don't calculate a time and for you to buy at dip that means you have scrutinised the market, and it's a priority of buyer to investigate and examine before buying bitcoin.

I understand that it is easy to get mixed up with the idea of buying on the dip, so then some folks such as you might get caught up on the idea of trading and/or short term periods of getting in and out of bitcoin; however, in this thread, we are not referring to short time periods of trading or getting in and out, but instead ways of accumulating bitcoin, which really it does seem problematic for folks to get caught up on ideas of buying the dip if they may well not really have enough BTC in order to cause that kind of an approach to BTC accumulation to really matter very much -except yeah, the trader thinks about buying on the dip in order to potentially be able to get out, but if you think about your BTC investment in terms of 4-10 years or longer, then you are not necessarily considering trading within the current cycle but holding through more than one cycle.. which likely is going to put you in a better place than any of those folks who are getting in and out of their bitcoin position.. and then run the risk of not accumulating as much bitcoin as you might have been able to and also potentially missing out on the various potential compounding effects of bitcoin investing that more likely come over more than one cycle rather than merely within a possible pump of one cycle.

[Publictalk792]

If you are not doing DCA and trying to buy only on Big Dips, then you need to continuously remain in touch with Bitcoin price and try to figure out yourself dips and big dips. The only thing we don't know is that the price we buying is the bottom or just the start of dip. These are things you have to keep in mind if you are not doing DCA.
If you are not in DCA and have huge cash then buying at one price is also a good option provided you are willing to HODL for a longer duration. Lump sum investment becomes more profitable if you correctly caught the big dips. But again there are trade-offs, in Nov 2018 price of Bitcoin was around 5000$ while in Nov 2021 price of Bitcoin was around 65000$. If you have your Lump sum investment at 5000$ and you are willing to HODL for 4 to 5 years then results will be very much positive.

Yes you are right this is really difficult to understand that this is the dip or the start of dip but if we are using DCA method so you will not think about it this is the dip or the top. Just buy and hold.

JayJuanGee is our ChatGPT of Bitcointalk.org  

Exactly 💯 💯...I have a great conversation with him. And I saw that he explain every Singal point briefly and also correct everyone where he saw that he/s is wrong. I learned much from him and will learn more in future. I really thank him. Keep it up sir.

[jcojci]

If you are not doing DCA and trying to buy only on Big Dips, then you need to continuously remain in touch with Bitcoin price and try to figure out yourself dips and big dips. The only thing we don't know is that the price we buying is the bottom or just the start of dip. These are things you have to keep in mind if you are not doing DCA.
If you are not in DCA and have huge cash then buying at one price is also a good option provided you are willing to HODL for a longer duration. Lump sum investment becomes more profitable if you correctly caught the big dips. But again there are trade-offs, in Nov 2018 price of Bitcoin was around 5000$ while in Nov 2021 price of Bitcoin was around 65000$. If you have your Lump sum investment at 5000$ and you are willing to HODL for 4 to 5 years then results will be very much positive.

Yes you are right this is really difficult to understand that this is the dip or the start of dip but if we are using DCA method so you will not think about it this is the dip or the top. Just buy and hold.

I had felt how difficult it is to find big Dips when I was still learning to trade (I am still learning now). I made many mistakes in buying large Dips and it was tiring because I had to monitor its movements every day and hour as if what I bought was not enough.

I often encounter prices that I thought were big Dips, which were really big Dips, but it turns out they weren't big Dips, and there were still big Dips next, which turned out to be the lowest price.

However, knowing about DCA made me feel comfortable and not too fixated on price movements. I just need to pay attention to when it's time for me to buy bitcoin. That's why I also suggest the DCA method to my offline friends who want to invest in bitcoin.

JayJuanGee is our ChatGPT of Bitcointalk.org  

Exactly 💯 💯...I have a great conversation with him. And I saw that he explain every Singal point briefly and also correct everyone where he saw that he/s is wrong. I learned much from him and will learn more in future. I really thank him. Keep it up sir.

JJG teaches many people and explains it well. Yes, we are learning much from him and I thank him because of his explanation.

[Wind_FURY]

Have running almost one year with my investing bitcoin accumulation but I start around $150 every week and raise $600 in monthly for investing in bitcoin, wish have stable financial and keep consistency investing or accumulation as much possible in bitcoin until several years later.

The ideal time to run a DCA strategy is when an investor has a consistent cash inflow or outflow, and at that point, they can run the strategy for as long as they want, up to several years, with any weekly investment amount.

Without a reliable source of income, I doubt someone would invest in bitcoin on a weekly or monthly basis, much less being consistent over a year, if that were the case.

I have already posted about this before, but it's also very important for those people who are still single, with no/minimal responsibilities in life, to be reminded NOT to take their youth and being single for granted. Take it as an opporutnity to save portions of their salary and make a high-conviction investment/HODL in Bitcoin. They will definitely have higher probability for success because they could continue to HODL through the bear cycles without worrying much about their finances.

[ultrloa]

Have running almost one year with my investing bitcoin accumulation but I start around $150 every week and raise $600 in monthly for investing in bitcoin, wish have stable financial and keep consistency investing or accumulation as much possible in bitcoin until several years later.

The ideal time to run a DCA strategy is when an investor has a consistent cash inflow or outflow, and at that point, they can run the strategy for as long as they want, up to several years, with any weekly investment amount.

Without a reliable source of income, I doubt someone would invest in bitcoin on a weekly or monthly basis, much less being consistent over a year, if that were the case.

I have already posted about this before, but it's also very important for those people who are still single, with no/minimal responsibilities in life, to be reminded NOT to take their youth and being single for granted. Take it as an opporutnity to save portions of their salary and make a high-conviction investment/HODL in Bitcoin. They will definitely have higher probability for success because they could continue to HODL through the bear cycles without worrying much about their finances.

That's what I'm doing even if I'm married since I regret for not saving bitcoin before while the price is so cheap and don't want this to happen again. Bitcoin right now had so big potential that's why its really good for us to save some for future. Bitcoin future is so good since it already reach on mainstream so I expect that more adoption will happen on it and this halving event would bring a lot of exposure to bitcoin especially if a lot of people see some outstanding price growth of this coin.

But if they can't afford to buy some amount because they think investing or trading it is more convenient to them then I guess what's more ideal there is to separate some part of their profit intended for long term hodl so that they may have some amount to use in future especially if they aim a huge success in future.

[Winterfrost]

Have running almost one year with my investing bitcoin accumulation but I start around $150 every week and raise $600 in monthly for investing in bitcoin, wish have stable financial and keep consistency investing or accumulation as much possible in bitcoin until several years later.

The ideal time to run a DCA strategy is when an investor has a consistent cash inflow or outflow, and at that point, they can run the strategy for as long as they want, up to several years, with any weekly investment amount.

Without a reliable source of income, I doubt someone would invest in bitcoin on a weekly or monthly basis, much less being consistent over a year, if that were the case.

I have already posted about this before, but it's also very important for those people who are still single, with no/minimal responsibilities in life, to be reminded NOT to take their youth and being single for granted. Take it as an opporutnity to save portions of their salary and make a high-conviction investment/HODL in Bitcoin. They will definitely have higher probability for success because they could continue to HODL through the bear cycles without worrying much about their finances.

These are words coming from a wise man. I am very grateful for the enlightenment because so many people do not understand this little concept of life. Poor socialization and ignorance to secure the future while still young have affected the youths, in particular, these days. Ecclesiastics 3:3 says there is a time for everything under the heavens.

I believe being single is an opportunity to make informed decisions such as saving from the little we earn. There is no responsibility, obligation, or restriction to what we do. Because it is the right time to choose what we put money into. Bitcoin is a good start for single persons, after settling monthly bills, the rest money can be invested in Bitcoin and it is a wise choice.

[Obim34]

These are words coming from a wise man. I am very grateful for the enlightenment because so many people do not understand this little concept of life. Poor socialization and ignorance to secure the future while still young have affected the youths, in particular, these days. Ecclesiastics 3:3 says there is a time for everything under the heavens.

I believe being single is an opportunity to make informed decisions such as saving from the little we earn. There is no responsibility, obligation, or restriction to what we do. Because it is the right time to choose what we put money into. Bitcoin is a good start for single persons, after settling monthly bills, the rest money can be invested in Bitcoin and it is a wise choice.

It's quite interesting learning this so early as many would have made this same mistake , I believe knowing this will certainly help me a lot, calling it an opportunity of connecting with this forum.

Being in a family way comes with a lot of sacrifices and billing, include the ones you planned and those that happens unexpectedly.
Very disheartening for those who never met Bitcoin during their youthful age and now struggling to keep up with their Bitcoin accumulation. Despite anything, accumulating in fractions is not a bad idea.

[JayJuanGee]

Have running almost one year with my investing bitcoin accumulation but I start around $150 every week and raise $600 in monthly for investing in bitcoin, wish have stable financial and keep consistency investing or accumulation as much possible in bitcoin until several years later.

The ideal time to run a DCA strategy is when an investor has a consistent cash inflow or outflow, and at that point, they can run the strategy for as long as they want, up to several years, with any weekly investment amount.

Without a reliable source of income, I doubt someone would invest in bitcoin on a weekly or monthly basis, much less being consistent over a year, if that were the case.

I have already posted about this before, but it's also very important for those people who are still single, with no/minimal responsibilities in life, to be reminded NOT to take their youth and being single for granted. Take it as an opporutnity to save portions of their salary and make a high-conviction investment/HODL in Bitcoin. They will definitely have higher probability for success because they could continue to HODL through the bear cycles without worrying much about their finances.

That's what I'm doing even if I'm married since I regret for not saving bitcoin before while the price is so cheap and don't want this to happen again. Bitcoin right now had so big potential that's why its really good for us to save some for future. Bitcoin future is so good since it already reach on mainstream so I expect that more adoption will happen on it and this halving event would bring a lot of exposure to bitcoin especially if a lot of people see some outstanding price growth of this coin.

But if they can't afford to buy some amount because they think investing or trading it is more convenient to them then I guess what's more ideal there is to separate some part of their profit intended for long term hodl so that they may have some amount to use in future especially if they aim a huge success in future.

Even though I understand what Wind_FURY is saying, I would not let single versus married versus having other complications (such as a business or unstable/variable income/expenses) in your life deter you from figuring out how to invest into bitcoin, and surely when there are fewer variables, it can be and should be easier to figure out disposable income, but everyone still has similar challenges to figure out disposable income and to figure out the various uncertain aspects that come with more complexities in your finances whether income, expenses or even the influences (behaviors of others) that would cause variance. 

The mere fact of complexities or even low income does not make investing into bitcoin a black and white issue in which you either invest or you do not invest, but instead likely justifies maintaining a more solid emergency fund that might cover larger amounts for more months, and also might justify smaller regular DCA amounts, and then perhaps adding to the DCA amounts in times that discretionary income is greater.   It may even be the case that the people with the most complicated financial/psychological situations need bitcoin more than others, even if it might be more challenging for them to figure out how to accomplish a solid, regular consistent and persistent way of investing into BTC.

[ginsan]

Even though I understand what Wind_FURY is saying, I would not let single versus married versus having other complications (such as a business or unstable/variable income/expenses) in your life deter you from figuring out how to invest into bitcoin, and surely when there are fewer variables, it can be and should be easier to figure out disposable income, but everyone still has similar challenges to figure out disposable income and to figure out the various uncertain aspects that come with more complexities in your finances whether income, expenses or even the influences (behaviors of others) that would cause variance. 

The mere fact of complexities or even low income does not make investing into bitcoin a black and white issue in which you either invest or you do not invest, but instead likely justifies maintaining a more solid emergency fund that might cover larger amounts for more months, and also might justify smaller regular DCA amounts, and then perhaps adding to the DCA amounts in times that discretionary income is greater.   It may even be the case that the people with the most complicated financial/psychological situations need bitcoin more than others, even if it might be more challenging for them to figure out how to accomplish a solid, regular consistent and persistent way of investing into BTC.

Maybe for single people they can budget their monthly income more aggressively in investing in Bitcoin, for example 40% to invest because single people certainly don't have bigger responsibilities in their lives. But if which are married, of course they can invest 10% of the income they get every month in Bitcoin. Because I am also married and budgeting 10% is not too difficult for me because 10% is a savings that we don't touch if our economy gets worse.

And those who are already working, of course, if they are not able to save themselves by setting aside a portion of their income to invest, they will definitely regret it later because they spent money on things that are not useful in their lives, such buying the latest cell phone and other things. I taught some of them in my neighborhood to set aside their money to invest in Bitcoin for their future and yes sometimes they ignored it but yes now they regret it.

[JoyMarsha]

Have running almost one year with my investing bitcoin accumulation but I start around $150 every week and raise $600 in monthly for investing in bitcoin, wish have stable financial and keep consistency investing or accumulation as much possible in bitcoin until several years later.

The ideal time to run a DCA strategy is when an investor has a consistent cash inflow or outflow, and at that point, they can run the strategy for as long as they want, up to several years, with any weekly investment amount.

Without a reliable source of income, I doubt someone would invest in bitcoin on a weekly or monthly basis, much less being consistent over a year, if that were the case.

I have already posted about this before, but it's also very important for those people who are still single, with no/minimal responsibilities in life, to be reminded NOT to take their youth and being single for granted. Take it as an opporutnity to save portions of their salary and make a high-conviction investment/HODL in Bitcoin. They will definitely have higher probability for success because they could continue to HODL through the bear cycles without worrying much about their finances.

Well-thought advice because anyone who misses investing in their youthful age as being single and moves over to marriage without having solid secure investments or jobs, will always struggle to survive with their family in this bad global economy. The best time one has is at their single lifestyle to invest and hodl for long without much issue of finances.

As the global economy affects everyone financially, it begins to let us know that we have to take a step ahead for our future by investing wisely in bitcoin and we shouldn't just rely on our monthly salary without having a side hustle or other source of income.

[SmartGold01]

Have running almost one year with my investing bitcoin accumulation but I start around $150 every week and raise $600 in monthly for investing in bitcoin, wish have stable financial and keep consistency investing or accumulation as much possible in bitcoin until several years later.

The ideal time to run a DCA strategy is when an investor has a consistent cash inflow or outflow, and at that point, they can run the strategy for as long as they want, up to several years, with any weekly investment amount.

Without a reliable source of income, I doubt someone would invest in bitcoin on a weekly or monthly basis, much less being consistent over a year, if that were the case.

I have already posted about this before, but it's also very important for those people who are still single, with no/minimal responsibilities in life, to be reminded NOT to take their youth and being single for granted. Take it as an opporutnity to save portions of their salary and make a high-conviction investment/HODL in Bitcoin. They will definitely have higher probability for success because they could continue to HODL through the bear cycles without worrying much about their finances.

Well-thought advice because anyone who misses investing in their youthful age as being single and moves over to marriage without having solid secure investments or jobs, will always struggle to survive with their family in this bad global economy. The best time one has is at their single lifestyle to invest and hodl for long without much issue of finances.

As the global economy affects everyone financially, it begins to let us know that we have to take a step ahead for our future by investing wisely in bitcoin and we shouldn't just rely on our monthly salary without having a side hustle or other source of income.

Not that I am deviating from this topic but this is one thing that holds some of our ladies remaining single that is wanting to achieve some specific investment or a desired dream before going into family mood. Usually when you work hard you can both achieved them all it depends on your personal arrangements how you wanna plan your life. Investing in bitcoin doesn't have anything connection as family woman or not the purpose of investment is for use after maturity and when there's need for investment and the investment is nor yielding any further results would you be still happy? No but then there's no family attached or involved into it, the main target is just pray for a better investment I have seen some single investment that turns people's life around and, In this you must not think of diversifying your investment to secure your money. A single luck of investment would end your 5 years targets of investment.

[Gallar]

Even though I understand what Wind_FURY is saying, I would not let single versus married versus having other complications (such as a business or unstable/variable income/expenses) in your life deter you from figuring out how to invest into bitcoin, and surely when there are fewer variables, it can be and should be easier to figure out disposable income, but everyone still has similar challenges to figure out disposable income and to figure out the various uncertain aspects that come with more complexities in your finances whether income, expenses or even the influences (behaviors of others) that would cause variance. 

The mere fact of complexities or even low income does not make investing into bitcoin a black and white issue in which you either invest or you do not invest, but instead likely justifies maintaining a more solid emergency fund that might cover larger amounts for more months, and also might justify smaller regular DCA amounts, and then perhaps adding to the DCA amounts in times that discretionary income is greater.   It may even be the case that the people with the most complicated financial/psychological situations need bitcoin more than others, even if it might be more challenging for them to figure out how to accomplish a solid, regular consistent and persistent way of investing into BTC.

Maybe for single people they can budget their monthly income more aggressively in investing in Bitcoin, for example 40% to invest because single people certainly don't have bigger responsibilities in their lives. But if which are married, of course they can invest 10% of the income they get every month in Bitcoin. Because I am also married and budgeting 10% is not too difficult for me because 10% is a savings that we don't touch if our economy gets worse.

And those who are already working, of course, if they are not able to save themselves by setting aside a portion of their income to invest, they will definitely regret it later because they spent money on things that are not useful in their lives, such buying the latest cell phone and other things. I taught some of them in my neighborhood to set aside their money to invest in Bitcoin for their future and yes sometimes they ignored it but yes now they regret it.

In my personal opinion, investing in bitcoin will not be a big obstacle if you already have a family. Because in reality there are still many single people who certainly don't have big responsibilities, but in reality there are still many who haven't invested in bitcoin.

Therefore, I think the main differentiating factor between unmarried (single) bitcoin investors and married bitcoin investors is the issue of their financial situation. Because think about it, if someone is single, but their monthly income is only enough for daily living, can that person invest in bitcoin? My answer, of course, is most likely no. However, if someone is married, even though their needs are many, if their monthly income is greater and can meet all their family's living needs, I am sure that person can invest in Bitcoin better.

So clearly the main point is about financial conditions. Because whether you are single or married, if your financial situation does not support it, I believe it will be difficult to invest in Bitcoin.

Because of the supporting factors for success when investing in bitcoin

• Sufficient knowledge (about how to buy, sell, wallet, history, ETC)
• Invest with cold hard cash
• Using appropriate purchasing methods (DCA)
• And lastly, you must be able to control your emotions.

So the single factor and the married factor are not the main factors and are not a necessity or prohibition.