Buy the DIP, and HODL!

[Mahanton]

Bitcoin investment is something we should not be in a hurry to start if we don't have a source of income. If you use the available fund to start your bitcoin accumulation journey without any source of income, you will tamper with your bitcoin holdings to survive when the available fund has run out.

In as much as I would agree on what you said but I think with a proper planning someone that doesn't have source of income could actually start accumulating Bitcoin, however he  could start by using the little money he has to start up a business and with time and consistent you will see that the business will start yielding a good profit for him to start the Bitcoin journey while his normal business will now serve him as his source of income and before he realized he has already become a Bitcoin holder, however in life most people are always afraid of trying because they are clouded by negative mindset that's why most people will always speculate about the price of Bitcoin to get to a particular level before they could start buying and sometimes they miss out the opportunities because they are always scared of what will become of there investment. So actually with a proper planning there is no limitation to what someone can achieve through Bitcoin investment in the future.

Just know that someone who doesn't have a source of income and starts accumulating Bitcoin will end up selling his Bitcoin holdings one day to survive because he or she does not have enough money to save an emergency fund that will take care of his financial needs. I see your suggestion of starting a business as a bad one because inflation has made the price of commodities very high, and such a person cannot afford the money to start up a business that will make him or her start getting a profit in the short term to start his bitcoin accumulation.

One of the challenges if you are really that making those kind of investment or accumulation here on crypto space on which if you dont have that much sufficient income source and your having that a little bit struggle with your daily needs then most likely you would really be still that ending up on selling those coins that you have accumulated since you are really that having no other options to take specially on the time that you are really that in need of funds or money then it wont really be that something that would be shocking that you will really be doing such step or act because you do know that you do still have something that you could pull on.

When it comes to Bitcoin investment or any form or investment, if you dont have that such sufficient income source or financial back up or those kind of extras with it on which
you are compromising a bigger part or allocation in terms with your own salary then sooner or later you would be able to see that you would be ending up
on pulling those things back.

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[Fara Chan]

Bitcoin is an asset which needs your holding powers. If you will hold it and wait. So this will give a big surprise. But making it as a source of income this is not a good decision by the way. First make a passive income source which will feed family and then invest in Bitcoin. Means I want to say that if you will be mentally relaxed so you will invest in Bitcoin and can hold for a long time.
It is my point of view other may disagree. I just share my point of view.

I also quite understand the point of view that you explain because someone whose condition is quite relaxed and does not feel any difficulties in life, of course it will be easier to keep Bitcoin for a long time if that person is very confident and believes in Bitcoin. But I will still consider Bitcoin as a very good source of income even though everyone who believes in Bitcoin must also have other sources of passive income so that they can be more relaxed in holding Bitcoin and will not easily panic about their own living conditions.

I will not blame your point of view in this case because basically everyone has their own point of view in understanding all things, including this one thing. However, Bitcoin must always be considered good and even worthy of being considered as a good source of income so that each owner will continue to maintain their ownership very well without being affected by other things that come unexpectedly.

[Aanuoluwatofunmi]

Bitcoin is an asset which needs your holding powers. If you will hold it and wait. So this will give a big surprise. But making it as a source of income this is not a good decision by the way. First make a passive income source which will feed family and then invest in Bitcoin. Means I want to say that if you will be mentally relaxed so you will invest in Bitcoin and can hold for a long time.
It is my point of view other may disagree. I just share my point of view.

I also quite understand the point of view that you explain because someone whose condition is quite relaxed and does not feel any difficulties in life, of course it will be easier to keep Bitcoin for a long time if that person is very confident and believes in Bitcoin. But I will still consider Bitcoin as a very good source of income even though everyone who believes in Bitcoin must also have other sources of passive income so that they can be more relaxed in holding Bitcoin and will not easily panic about their own living conditions.

I will not blame your point of view in this case because basically everyone has their own point of view in understanding all things, including this one thing. However, Bitcoin must always be considered good and even worthy of being considered as a good source of income so that each owner will continue to maintain their ownership very well without being affected by other things that come unexpectedly.

We should however always remember that we are going to only be ready of affording to make an investment on what we are capable of, this is not what should be done in haste or without having adequate and proper plan, we have to set a budget for how we want to go about with the kind of investment we are opting in for, take and manage the risk involved and have the understanding of the necessary requirements needed for it to turns a profitable one on us.

[I_Anime]

Bitcoin is an asset which needs your holding powers. If you will hold it and wait. So this will give a big surprise. But making it as a source of income this is not a good decision by the way. First make a passive income source which will feed family and then invest in Bitcoin. Means I want to say that if you will be mentally relaxed so you will invest in Bitcoin and can hold for a long time.
It is my point of view other may disagree. I just share my point of view.

I also quite understand the point of view that you explain because someone whose condition is quite relaxed and does not feel any difficulties in life, of course it will be easier to keep Bitcoin for a long time if that person is very confident and believes in Bitcoin. But I will still consider Bitcoin as a very good source of income even though everyone who believes in Bitcoin must also have other sources of passive income so that they can be more relaxed in holding Bitcoin and will not easily panic about their own living conditions.

I will not blame your point of view in this case because basically everyone has their own point of view in understanding all things, including this one thing. However, Bitcoin must always be considered good and even worthy of being considered as a good source of income so that each owner will continue to maintain their ownership very well without being affected by other things that come unexpectedly.

We should however always remember that we are going to only be ready of affording to make an investment on what we are capable of, this is not what should be done in haste or without having adequate and proper plan, we have to set a budget for how we want to go about with the kind of investment we are opting in for, take and manage the risk involved and have the understanding of the necessary requirements needed for it to turns a profitable one on us.

That the first thing you goonna think of before going into investing. Knowing you financial capabilities and all that, Also making appropriate on how you would followup with the investment. Like in bitcoin making good profit never a issue though most time the market can be highly volatile and all That. Aslong you enter the right and time and you keep accumulating more BTC for a long-term investment you would surely endup with great profits. Normally their are risks in all investment that need to be managed during investing but the risk in Bitcoin investing won't cause that must stress when it's come to managing it, to that of most altcoins.

Just know that someone who doesn't have a source of income and starts accumulating Bitcoin will end up selling his Bitcoin holdings one day to survive because he or she does not have enough money to save an emergency fund that will take care of his financial needs. I see your suggestion of starting a business as a bad one because inflation has made the price of commodities very high, and such a person cannot afford the money to start up a business that will make him or her start getting a profit in the short term to start his bitcoin accumulation.
Posted on: Today at 05:52:04 PMPosted by: Tmoonz

That truth though the reason why is always advisable to have an emergency funds is to prevent ones to sell their investment in an premature state. Because of some certain expenses, actually depends on the individual if is someone that still living under the roof of its parents. And he or she have a part time job he or she are doing to accumulate some quantities of bitcoin won't be more stress to them because most of the expenses would be covered up by their parents. So he or she can put a big percentage in investing by using the DCA strategies also. But still anyone who are ready to invest on bitcoin no matter they would surely find area to accumulate a certain quantities of bitcoin even when they can afford 1 BTC or higher quantities but using DCA as time goes on that little quantities they are accumulating would end up being something nice and profitable

[JayJuanGee]

Bitcoin investment is something we should not be in a hurry to start if we don't have a source of income. If you use the available fund to start your bitcoin accumulation journey without any source of income, you will tamper with your bitcoin holdings to survive when the available fund has run out.

In as much as I would agree on what you said but I think with a proper planning someone that doesn't have source of income could actually start accumulating Bitcoin, however he  could start by using the little money he has to start up a business and with time and consistent you will see that the business will start yielding a good profit for him to start the Bitcoin journey while his normal business will now serve him as his source of income and before he realized he has already become a Bitcoin holder, however in life most people are always afraid of trying because they are clouded by negative mindset that's why most people will always speculate about the price of Bitcoin to get to a particular level before they could start buying and sometimes they miss out the opportunities because they are always scared of what will become of there investment. So actually with a proper planning there is no limitation to what someone can achieve through Bitcoin investment in the future.

Build a business first, get the profits, then invest in bitcoin?
If that's what you mean, can the business promise profits? I think every business that is built certainly does not guarantee that the entrepreneur will get the profit as expected, that is a risk that really should not be ignored. But your suggestion about how someone can have a source of income is correct, I also agree with it.

Business and investment both have risks, but the risks may be different. Investing in bitcoin is simple if you are only interested in being a holder, it can save more emotions due to uncertain market volatility. A person can invest in bitcoin even if they don't have a steady source of income, but they should at least have a way to save money whenever they have money. Despite their excessive fear of investment risks, they have never been forced to do so. Only people who can consider high risks are worth investing in, if they are afraid of losing, then they should just keep their money under a pillow.

I doubt that any of us can really advise with any level of confidence regarding how anyone might need to direct his resources - because surely building a business could give better income, yet some businesses are more cash intense than others, and there are some circumstances that normies might receive education in some special fields  and be able to earn more money than what he would have otherwise had been able to earn.. so there can be sacrifices in either direction in terms of potentially forgoing income while training and building skills and/or building a business, while at the same time, with bitcoin there is a kind of unique opportunity that likely is going to continue to reward those who are able to get into it first, and investing in bitcoin could well end up being a better forum of financial security and/or freedom than building a business or even going to school in order to build job skills - and I am not even suggesting any of these exclusively because sometimes there could be ways to work towards both, but other times, there are some kinds of activities and/or chosen directions that will preclude or make difficult the pursuit of a competing path, such as investing in bitcoin versus investing into building a business.

it is also advisable not to invest more than your capacity due to fomo,

Frequently FOMO comes when a no coiner, low coiner or fence-sitter spends a lot of time pondering over when to get into bitcoin and how much to get in and in the end they are either under invested or not invested at all, and then when they see the BTC price moving against them, they end up panic getting in at the wrong time and without a strategy - except expecting that whatever time that they got in, then they expect the BTC price to continue to go up, which may or may not end up happening.

So one of the preventative measures for FOMO is to make sure that we are continuously, ongoingly and persistently stacking sats so that we are sufficiently and adequately prepared for UP.

If we accidentally made the mistake of FOMOing in, and then the BTC price moves against us, then probably the solution would be to continue to buy, except sometimes part of the problem is that a FOMO buyer might have invested his whole BTC allowance amount, and maybe it will take several months for him to be able to start to continue to buy... so experiencing a BTC price correction after FOMO buying can surely contribute towards dilemmas and difficulties in terms of how to recover.. especially if the more logical solution might be to put more into the investment, and that might not make a lot of sense if the person had overinvested. .and maybe even exhausted his emergency funds, reserves, float and perhaps even sometimes had entered into debt in order to buy, and then they are even in worse trouble to recover from those kinds of situations that might involve them having had spent beyond their means.

It is difficult to give more suggestions than what I already have because you seem to be wanting to time your buys in a way to attempt to get as much bang from them as you can, and sure there is nothing wrong with that, up to a point, but you have to still consider that no matter what you do, you are likely going to still have some cash in your reserves and the price goes up or you run out of cash and the price goes down.

It seems that you also have gone through some of the exercises that we discussed, but really best case, worst case and base case scenarios have short, medium and long term components, and they likely are not very relevant for short term since you probably should mostly be focusing on DCA rather than trying to buy the dip and things like that. .It seems that you do not have enough money coming in on a regular basis to be covering  all of the scenarios..so you have to just keep building your various stashes that are going to be combined with BTC, emergency funds, reserves and maybe even maintaining some float so you don't cause yourself to go crazy if you make mistakes and you try to push your BTC buys but then run out of money or fail to plan properly..

One of the solid ways that I can suggest is to create a plan for either 3 or 6 months at a time, but hey, I know that you don't want to do that because you are all excited about the ETFs and about the halvenings, so I cannot really blame you for those kinds of inclinations to front-load rather than budgeting for 3 or for 6 months.

Anyhow, if you budget for 6 months, then you add up all the money that you have available for investing (and maybe you already bought bitcoin with that), an then you have your income coming in which is weekly or twice a month or maybe it is more sporadic than that, but still you have some kind of an idea of your budget, so if you have a weekly allowance in which you are able to buy $100 per week, then whenever the week starts, you can try to figure out the best of the dips during the week, and maybe you buy $33.33 worth of bitcoin each time there is a significant dip, and then by the end of the week, you spend whatever is left, if you have any left, and then the next week you have another $100 in your allowance that you are able to spend, so you can try to buy the dips, but maybe you will get too stressed by that, so what is wrong with just picking a day of the week and then just buy every week on that day?

$100 per week would give you $2,600 invested in 6 months.

If you have $2,400 in your savings, and you decide that you want to spend half of it right away, then you end up buying $1,200 right away, and then maybe the other half you use to buy dips (if there are dips), so then maybe you might set your first dip buy $100 at around $38k, and then every $750 that the BTC price drops then you would end up buying another $100, but that would give you only 12 BTC buy orders, and is that enough for you or not?  In my thinking you want BTC buy orders to go slightly below where you think is the most that the BTC price is likely to drop, but maybe you consider that there are no way that you could have 12 buy orders fill.. because that would be buying $100 at each of the price points:
1    =  $38,000
2    =  $37,250
3    =  $36,500
4    =  $35,750
5    =  $35,000
6    =  $34,250
7    =  $33,500
8    =  $32,750
9    =  $32,000
10  =  $31,250
11  =  $30,500
12  =  $29,750
No one knows, so you just try to set your buy orders (increments and amounts) the best that you can (based on your budget and based on your view of not wanting to run out of money to buy but being happy if the BTC price goes up rather than down), and you hope that all of your buy orders don't get filled unless the BTC price spikes down, fills all your orders and then goes back up (I know newbies are not as affected by price drops, but still getting yourself into a mentality of a BTC holder is that you should probably be stacking BTC to such an extent that you are always hoping the BTC price goes up rather than down or sideways). 

You don't know.. are your orders going to get filled or not?  They should feel like insurance that you don't want to have to use, but you have it in case the drop happens.  And maybe the longer that you are in bitcoin the longer you maintain these kinds of buying on the dip ladders while at the same time you are DCA buying on a regular basis, perhaps $100 per week or some other amount that is reasonable based on all of your circumstances that you reassess from time to time.

Thanks sir it has really been helpful, I now know where I'm failing at and that is making long term plans, my plans need to be a little bit long term and also the senerio I would create, I had been building up my emergency funds and reserves quite all right, but now I think k i should also budget a little to saving at leat 3-6 months of cash that I would use to DCA, after every six months in addition to my normal weekly regular plan. I can't say it all, but I would do a real reassessment of my plans and senerio and match it up with what you've said and try to bring it to my terms of comfort. Thanks a lot sir, its really been wonderful having you here.

Of course, creating something like a 6 month plan is still not long term, but it may well be set up within a long term plan of investing and building to set an investment foundation that is going to last 4-10 years or longer, and at the same time, having something like a 6 month plan (or budget), gives you a way to take specific actions within that time frame and then to reassess at or near the end of the period.. and then maybe to extend another 6 months in the same way as previously (perhaps a few tweaks), and if you keep investing with those kinds of 6 months plans that are extended each time, then it could be that it takes a few years before you really are in a position to start to consider that maybe you are going to need to change something more major in your plan.. but then you can see what you have done and then if some of your theories about what might happen are coming true or at least which of the various paths are you finding yourself on.. and sure when you create a plan now, when you get T+3 years later, then you might have to look back at your notes to figure out what it was that you were planning because some of what you were planning 3 years earlier might not be relevant because facts (or history) would have gone in a certain direction so that your various hypotheticals ended up following a certain path that is no longer hypothetical, but when it comes to your planning the future from that point, you still would be considering where you are at, how you got there and where you might go (which the where you might go part is still going to likely branch off into a variety of possibilities with some possibilities being more likely than others.

Bitcoin is an asset which needs your holding powers. If you will hold it and wait. So this will give a big surprise. But making it as a source of income this is not a good decision by the way. First make a passive income source which will feed family and then invest in Bitcoin. Means I want to say that if you will be mentally relaxed so you will invest in Bitcoin and can hold for a long time.
It is my point of view other may disagree. I just share my point of view.

I also quite understand the point of view that you explain because someone whose condition is quite relaxed and does not feel any difficulties in life, of course it will be easier to keep Bitcoin for a long time if that person is very confident and believes in Bitcoin. But I will still consider Bitcoin as a very good source of income even though everyone who believes in Bitcoin must also have other sources of passive income so that they can be more relaxed in holding Bitcoin and will not easily panic about their own living conditions.

I will not blame your point of view in this case because basically everyone has their own point of view in understanding all things, including this one thing. However, Bitcoin must always be considered good and even worthy of being considered as a good source of income so that each owner will continue to maintain their ownership very well without being affected by other things that come unexpectedly.

There are a lot of people who have been able to live off of their bitcoin over the past 5-10 years, but then a question might be whether they have much if any bitcoin left after such a practice of living off of your bitcoin.  Personally, I don't have any problem with the idea of living off your bitcoin, once they have reached a sufficiently large enough stash that you are able to start to draw from them... but if you are still in the building phase of your BTC holdings, then you would be working against yourself if you are living off of your bitcoin and building your stash size at the same time.

So the guys who have been drawing from the bitcoin and sucking the income off of their bitcoin every year or two, they likely have not accumulated very many bitcoin, so at what point in your bitcoin journey did you reach a status in which you could start to use your bitcoin as an income source, rather than to build your stash.

If you give me your income goals (such as how much you need per month or per year), then I can look at my entry-level fuck you status chart to figure out how many bitcoin you would have had needed to have in order to sustainably live off of your bitcoin.. another possibility would be to look at my sustainable withdrawal tool^{(powered by bitserver)}, which is quite a bit more customizable in order to figure out how many BTC you might need to achieve a sustainable withdrawal..

Let's go by your forum registration date Fara Chan, and figure out how many coins you might have needed in April 2017 and maybe how many coins that you might have had needed at various points between 2017 and how, and then if you had lump sum invested into bitcoin or maybe if you DCA'd into bitcoin how much would you have to invest in order to get to a point that starting to withdraw or to live off your bitcoin or to draw an income from it would be long-term smart rather than more likely undermining your ability to ever get to a state in which you bitcon would be able to serve as a kind of sustainable income to either fully or to partially fund your chosen lifestyle.

Bitcoin is an asset which needs your holding powers. If you will hold it and wait. So this will give a big surprise. But making it as a source of income this is not a good decision by the way. First make a passive income source which will feed family and then invest in Bitcoin. Means I want to say that if you will be mentally relaxed so you will invest in Bitcoin and can hold for a long time.
It is my point of view other may disagree. I just share my point of view.

I also quite understand the point of view that you explain because someone whose condition is quite relaxed and does not feel any difficulties in life, of course it will be easier to keep Bitcoin for a long time if that person is very confident and believes in Bitcoin. But I will still consider Bitcoin as a very good source of income even though everyone who believes in Bitcoin must also have other sources of passive income so that they can be more relaxed in holding Bitcoin and will not easily panic about their own living conditions.

I will not blame your point of view in this case because basically everyone has their own point of view in understanding all things, including this one thing. However, Bitcoin must always be considered good and even worthy of being considered as a good source of income so that each owner will continue to maintain their ownership very well without being affected by other things that come unexpectedly.

We should however always remember that we are going to only be ready of affording to make an investment on what we are capable of, this is not what should be done in haste or without having adequate and proper plan, we have to set a budget for how we want to go about with the kind of investment we are opting in for, take and manage the risk involved and have the understanding of the necessary requirements needed for it to turns a profitable one on us.

You are not wrong Aanuoluwatofunmi; however, you can also adjust your level of investment aggressiveness with the passage of time and as you get used to investing into bitcoin, in the event that you might consider that you might be in a better position to invest more aggressively.  And, surely you can go the other direction too... Some people might come to bitcoin and start out overly aggressive, but then realize that they need to temper their investment amount so that they do not put themselves into a bad situation.. and some of that can come from practice and also really going through and assessing your situation, and some folks might not realize that their emergency fund, reserves and/or float is inadequate, so then they might come to realize that they need to build that portion of their overall investment portfolio so that their BTC will be safer if the BTC price runs against them or if some kind of an emergency comes and they might not want to spend from their bitcoin, but if their emergency fund, reserves and float is high enough, then they would be able to have more choices in regards to where they are going to draw value when they might need funds (liquidity).

[Ruttoshi]

so then we might start to feel that we are too overly weighted in bitcoin, which is part of the further justification in regards to making sure that we hold our value in a variety of asset rather just in bitcoin, yet not everyone is going to agree about that.

I agree with you on what you said about when having enough bitcoin in your portfolio, there is need for diversifying into other asset, so that you will not only depend on your bitcoin investment. When you have other assets like gold, bond, stock, or real estate and not just only bitcoin, you will have a high chance of securing your financial life, because if one of the asset is not doing well, the other will be there to balance up.

Actually, I have never thought of this before. as I only intend to invest only in bitcoin for lifetime, and I thought that is enough, but after reading your post, I saw the need to diversify and not just depend only to invest in bitcoin, so that we will have the so that we will have the strong assurance that no matter what happen to the first, the second investment is there to save us, when the first is not meeting up to our expectations.

I have seen that you don't only have the knowledge of bitcoin investment but you have the knowledge of how to expand your investment by diversify at a certain point of time when you are close to your bitcoin target or have reached your bitcoin target, which means that one will have rest of mind in future at old age, because those investment will serve their purpose of you investing into them.

[ginsan]

~
but still may need to either hone their basics or prepare themselves for times in which they may well be ready to pass into different stages. 

This quote is quite exciting for me, especially I have passed 1 year in my Bitcoin investment planning with the DCA strategy and this year is the second year of long-term Bitcoin investment planning. It wasn't easy, but I managed to get through it and there were a few problems, maybe just going through several stages of purchasing in the first year due to several factors that occurred. Because when the purchase was due, maybe my budget was needed for urgent life needs, but in the next stage I took the time to act to use double the budget for the next purchase to cover the gap due to skipping purchases in the previous stage.

For this reason, it is true that we need basic principles of preparedness when unexpected things affect our economy. As difficult as it was for me in the first year, I was determined and confident to close the first year of my investment planning successfully and that was a matter of pride for me. For this reason, I have advice for beginners to stay focused and have principles in planning Bitcoin investment because without principles, it will certainly be difficult for you someday. I mean if you don't have pressure to complete your investment planning perfectly then you will be left behind in various ways such as going through many purchasing stages and not being consistent with the investments you make.

[teamsherry]

We should however always remember that we are going to only be ready of affording to make an investment on what we are capable of, this is not what should be done in haste or without having adequate and proper plan, we have to set a budget for how we want to go about with the kind of investment we are opting in for, take and manage the risk involved and have the understanding of the necessary requirements needed for it to turns a profitable one on us.

You are very right on this, I used to normally think that you can start right away with DCA as long as you have your cashflow planned out and emergency funds built-up, although this pattern is not bad expecially for beginners like me, now I see a new place of gathering knowledge and slowing down a bit on everything least I rush hastily to crash myself although in my case I don't mean sell my holdings but rather run low on cash.
I have been allocating about 25% of my weekly earnings from my salary to DCA and building up emergency funds cause prior to when I started I did not have any real savings, although I had already bought about 600$ worth of bitcoin 2 years ago way before I had any knowledge of what DCA is or how it can be done, so I allocate 25% to my DCA buys and another 25% to my emergency funds, I don receive extra cash from my dad but for some weeks now it hasn't been reliable and It affecting me on my investment even though I'm been strict on it. With what you have said now I think I need to go back and replan everything, so I could find a way to get more comfortable with my investment as I gather more knowledge and increase learning.

[Moreno233]

~
but still may need to either hone their basics or prepare themselves for times in which they may well be ready to pass into different stages. 

This quote is quite exciting for me, especially I have passed 1 year in my Bitcoin investment planning with the DCA strategy and this year is the second year of long-term Bitcoin investment planning. It wasn't easy, but I managed to get through it and there were a few problems, maybe just going through several stages of purchasing in the first year due to several factors that occurred. Because when the purchase was due, maybe my budget was needed for urgent life needs, but in the next stage I took the time to act to use double the budget for the next purchase to cover the gap due to skipping purchases in the previous stage.

For this reason, it is true that we need basic principles of preparedness when unexpected things affect our economy. As difficult as it was for me in the first year, I was determined and confident to close the first year of my investment planning successfully and that was a matter of pride for me. For this reason, I have advice for beginners to stay focused and have principles in planning Bitcoin investment because without principles, it will certainly be difficult for you someday. I mean if you don't have pressure to complete your investment planning perfectly then you will be left behind in various ways such as going through many purchasing stages and not being consistent with the investments you make.

I look forward to also celebrating one year of applying the DCA strategy in my Bitcoin accumulation phase. I'm confident I will be happy and proud of my decision to take the bold step after a long time of Beating about the bush. I'm most grateful for the wonderful insight and contribution of experienced members of the forum like JayJuanGee, who have refined the buying process to capture every scenario that might impede smooth buying and successful preservation of the assets. There is no doubt that everyone following this conversation and taking actions as well will have similar thing to say. Never have I find it highly motivating, easy going and excited about investing in Bitcoin than now.

[Wiwo]

~
but still may need to either hone their basics or prepare themselves for times in which they may well be ready to pass into different stages. 

This quote is quite exciting for me, especially I have passed 1 year in my Bitcoin investment planning with the DCA strategy and this year is the second year of long-term Bitcoin investment planning. It wasn't easy, but I managed to get through it and there were a few problems, maybe just going through several stages of purchasing in the first year due to several factors that occurred. Because when the purchase was due, maybe my budget was needed for urgent life needs, but in the next stage I took the time to act to use double the budget for the next purchase to cover the gap due to skipping purchases in the previous stage.

For this reason, it is true that we need basic principles of preparedness when unexpected things affect our economy. As difficult as it was for me in the first year, I was determined and confident to close the first year of my investment planning successfully and that was a matter of pride for me. For this reason, I have advice for beginners to stay focused and have principles in planning Bitcoin investment because without principles, it will certainly be difficult for you someday. I mean if you don't have pressure to complete your investment planning perfectly then you will be left behind in various ways such as going through many purchasing stages and not being consistent with the investments you make.

At some point I have realized that accumulating says at regular intervals gives you some form of free air and preparedness for whatever that happens,  because at some point I have gone through a lot of stages in my Bitcoin holding journey,  and to a certain extent I have come to the realization that Bitcoin accumulation comes with a lot of pressure most especially when you pay attention to to the price of bitcoin and it volatilities at all time.

So for us to be in a fair position we need to pay more attention to the factors that help us to be in a better position to make the best of the decisions that place us on the safer side at all times because that is the only mean we can be at a stable level to make the best of decisions as regards to Bitcoin investments.

[Odohu]

This quote is quite exciting for me, especially I have passed 1 year in my Bitcoin investment planning with the DCA strategy and this year is the second year of long-term Bitcoin investment planning. It wasn't easy, but I managed to get through it and there were a few problems, maybe just going through several stages of purchasing in the first year due to several factors that occurred. Because when the purchase was due, maybe my budget was needed for urgent life needs, but in the next stage I took the time to act to use double the budget for the next purchase to cover the gap due to skipping purchases in the previous stage.

For this reason, it is true that we need basic principles of preparedness when unexpected things affect our economy. As difficult as it was for me in the first year, I was determined and confident to close the first year of my investment planning successfully and that was a matter of pride for me. For this reason, I have advice for beginners to stay focused and have principles in planning Bitcoin investment because without principles, it will certainly be difficult for you someday. I mean if you don't have pressure to complete your investment planning perfectly then you will be left behind in various ways such as going through many purchasing stages and not being consistent with the investments you make.

At some point I have realized that accumulating says at regular intervals gives you some form of free air and preparedness for whatever that happens,  because at some point I have gone through a lot of stages in my Bitcoin holding journey,  and to a certain extent I have come to the realization that Bitcoin accumulation comes with a lot of pressure most especially when you pay attention to to the price of bitcoin and it volatilities at all time.

When you are accumulating Bitcoin and you are facing a lot of pressures, chances are high that you are not following some of the rules that makes for peaceful holding of Bitcoin. Besides, a long term holder of Bitcoin does not regularly need to be looking at the price always because the price is irrelevant since you are not looking to sell and it is expected you already have a buying strategy in place like the DCA method or buying the dips which can be done with limit orders. Finally, Bitcoin is a volatile asset just like every major asset being traded in the open market however, since we are not scalping, the volatile nature of Bitcoin does not come into the picture.

When I was not using the DCA method, I was spending hours daily just monitoring the charts and checking if my assets are in profit. It was a huge pain in the ass as there was no day I will not want to login unless when I do not have the opportunity to. Just imagine how challenging this could be and the joy that will come with anything that solves this problem for me like the DCA did. Now I know better and I'm taking advantage of the knowledge I have now to be investing peacefully and comfortably in Bitcoin.

So for us to be in a fair position we need to pay more attention to the factors that help us to be in a better position to make the best of the decisions that place us on the safer side at all times because that is the only mean we can be at a stable level to make the best of decisions as regards to Bitcoin investments.

I have adopted the generally accepted norm here which is get a source of income through which your basic needs can be met and some funds set aside for emergencies and then invest in Bitcoin from the remaining part and see how all the stress, fear of volatitily and risk and every negative energy will disappear.

[Agbamoni]

~
but still may need to either hone their basics or prepare themselves for times in which they may well be ready to pass into different stages. 

This quote is quite exciting for me, especially I have passed 1 year in my Bitcoin investment planning with the DCA strategy and this year is the second year of long-term Bitcoin investment planning. It wasn't easy, but I managed to get through it and there were a few problems, maybe just going through several stages of purchasing in the first year due to several factors that occurred. Because when the purchase was due, maybe my budget was needed for urgent life needs, but in the next stage I took the time to act to use double the budget for the next purchase to cover the gap due to skipping purchases in the previous stage.

For this reason, it is true that we need basic principles of preparedness when unexpected things affect our economy. As difficult as it was for me in the first year, I was determined and confident to close the first year of my investment planning successfully and that was a matter of pride for me. For this reason, I have advice for beginners to stay focused and have principles in planning Bitcoin investment because without principles, it will certainly be difficult for you someday. I mean if you don't have pressure to complete your investment planning perfectly then you will be left behind in various ways such as going through many purchasing stages and not being consistent with the investments you make.

At some point I have realized that accumulating says at regular intervals gives you some form of free air and preparedness for whatever that happens,  because at some point I have gone through a lot of stages in my Bitcoin holding journey,  and to a certain extent I have come to the realization that Bitcoin accumulation comes with a lot of pressure most especially when you pay attention to to the price of bitcoin and it volatilities at all time.

So for us to be in a fair position we need to pay more attention to the factors that help us to be in a better position to make the best of the decisions that place us on the safer side at all times because that is the only mean we can be at a stable level to make the best of decisions as regards to Bitcoin investments.

It is we that allow ourselves to fall into unnecessary pressure when accumulating bitcoin. It clearly shows that there is something wrong we are doing somewhere which we are not paying attention to. Many people investors play around with some part of their investment and do not care what is the price of bitcoin. They have their eyes on daily %, looking for places to enter and swing trade. If by any chance the price drops more than the risk they can bear they start facing unnecessary pressure. The problem is that most persons will buy when the price is high and when it starts dipping they begin to panic and start selling thinking they would lose all their money in the investment. I wouldn't advice anyone to invest in bitcoin if they are not hodling it for long.

However, we cant fall for this temptations if we respectively just buy and hodl our bitcoin. Without looking at the price of bitcoin in the market. Just like any other assets it is volatile and the price can be affected by other factors. But it shouldn't be something  to hang our minds on what we should bother about is how we can increase the amount of accumulation and the best strategy to do so. Meanwhile dca has the best bitcoin accumulation solution. With less risk, less pressure and consistent accumulation.

[Mr.suevie]

Snip

Your quoting pattern is really off, I mean just try and clear out the unwanted information then try to converse with users from the exact points you want to show because it's looking really awkward to see so many conversation being quoted and at the very end, the message you are passing is not seemingly related, why not quote the need parted for preference and leave out the unwanted information, it makes it more convenient and readable for the users.

[I_Anime]

~
but still may need to either hone their basics or prepare themselves for times in which they may well be ready to pass into different stages. 

This quote is quite exciting for me, especially I have passed 1 year in my Bitcoin investment planning with the DCA strategy and this year is the second year of long-term Bitcoin investment planning. It wasn't easy, but I managed to get through it and there were a few problems, maybe just going through several stages of purchasing in the first year due to several factors that occurred. Because when the purchase was due, maybe my budget was needed for urgent life needs, but in the next stage I took the time to act to use double the budget for the next purchase to cover the gap due to skipping purchases in the previous stage.

For this reason, it is true that we need basic principles of preparedness when unexpected things affect our economy. As difficult as it was for me in the first year, I was determined and confident to close the first year of my investment planning successfully and that was a matter of pride for me. For this reason, I have advice for beginners to stay focused and have principles in planning Bitcoin investment because without principles, it will certainly be difficult for you someday. I mean if you don't have pressure to complete your investment planning perfectly then you will be left behind in various ways such as going through many purchasing stages and not being consistent with the investments you make.

At some point I have realized that accumulating says at regular intervals gives you some form of free air and preparedness for whatever that happens,  because at some point I have gone through a lot of stages in my Bitcoin holding journey,  and to a certain extent I have come to the realization that Bitcoin accumulation comes with a lot of pressure most especially when you pay attention to to the price of bitcoin and it volatilities at all time.

So for us to be in a fair position we need to pay more attention to the factors that help us to be in a better position to make the best of the decisions that place us on the safer side at all times because that is the only mean we can be at a stable level to make the best of decisions as regards to Bitcoin investments.

It is we that allow ourselves to fall into unnecessary pressure when accumulating bitcoin. It clearly shows that there is something wrong we are doing somewhere which we are not paying attention to. Many people investors play around with some part of their investment and do not care what is the price of bitcoin. They have their eyes on daily %, looking for places to enter and swing trade. If by any chance the price drops more than the risk they can bear they start facing unnecessary pressure. The problem is that most persons will buy when the price is high and when it starts dipping they begin to panic and start selling thinking they would lose all their money in the investment. I wouldn't advice anyone to invest in bitcoin if they are not hodling it for long.

However, we cant fall for this temptations if we respectively just buy and hodl our bitcoin. Without looking at the price of bitcoin in the market. Just like any other assets it is volatile and the price can be affected by other factors. But it shouldn't be something  to hang our minds on what we should bother about is how we can increase the amount of accumulation and the best strategy to do so. Meanwhile dca has the best bitcoin accumulation solution. With less risk, less pressure and consistent accumulation.

Like someome like me I don't bother my self with such. I hardly even checked my portfolio talk of panicky all I care about is accomodating more bitcoin and even though bitcoin do experience any dip I still don't feel any thing. Because I would still be in good profit because of my early entry. So no need for me to panic and with my DCAing strategies still ongoing whenever the price surge I would be in great profits. Looking at your portfolio always is just like you are testing your emotions. Triggering alot of thought like thought of selling it now or removing some quantities from it because of the kind of profit you making at that moment and still even though your profit good or big selling your asset now in this recent price is still premature selling.
So to avoid all that don't focus on checking the price always just focus on how you can keep accumulating some nice quantities so that when bitcoin experience a great surge creating a new massive ATH you would be Damn I am so lucky I didn't sold mine asset back then.

[JayJuanGee]

so then we might start to feel that we are too overly weighted in bitcoin, which is part of the further justification in regards to making sure that we hold our value in a variety of asset rather just in bitcoin, yet not everyone is going to agree about that.

I agree with you on what you said about when having enough bitcoin in your portfolio, there is need for diversifying into other asset, so that you will not only depend on your bitcoin investment. When you have other assets like gold, bond, stock, or real estate and not just only bitcoin, you will have a high chance of securing your financial life, because if one of the asset is not doing well, the other will be there to balance up.

Actually, I have never thought of this before. as I only intend to invest only in bitcoin for lifetime, and I thought that is enough, but after reading your post, I saw the need to diversify and not just depend only to invest in bitcoin, so that we will have the so that we will have the strong assurance that no matter what happen to the first, the second investment is there to save us, when the first is not meeting up to our expectations.

I have seen that you don't only have the knowledge of bitcoin investment but you have the knowledge of how to expand your investment by diversify at a certain point of time when you are close to your bitcoin target or have reached your bitcoin target, which means that one will have rest of mind in future at old age, because those investment will serve their purpose of you investing into them.

Each of us will reach these points of feeling that we need to diversify based on our own situation, maybe if we came to bitcoin with other investments already, or maybe at some point down the road, then we consider that we need to have something other than just bitcoin and cash... even though bitcoin is likely going to continue to serve as a very strong investment, there could be ways that some guys might choose not to diversify any further than bitcoin and cash, since they like how liquid bitcoin is as an investment as compared to many very rich people who might even be multi-millionaires, but they still might not have a lot of liquid investments, so there is some value in having investment assets that are very liquid.

.......but still may need to either hone their basics or prepare themselves for times in which they may well be ready to pass into different stages. 

This quote is quite exciting for me, especially I have passed 1 year in my Bitcoin investment planning with the DCA strategy and this year is the second year of long-term Bitcoin investment planning. It wasn't easy, but I managed to get through it and there were a few problems, maybe just going through several stages of purchasing in the first year due to several factors that occurred. Because when the purchase was due, maybe my budget was needed for urgent life needs, but in the next stage I took the time to act to use double the budget for the next purchase to cover the gap due to skipping purchases in the previous stage.

Of course it is very good to individually tailor, and sometimes there will be less stress when you have at least spent some time accumulating, and even if you feel that you do not have enough, with the passage of time and more time investing, the harder it would be to cause you to feel like you are totally unprepared for up... and that is one of the problems that a lot of newbies have.  They some times spend time trying to figure out how and when to invest into bitcoin, so during much of that time that they were spending trying to figure it out, they were not bolstering their preparation for up... so yeah, there can be a lot of times that the preparation for up can be painful, and maybe in some sense you are lucky since the BTC price has largely been upwardly sloping for the past year, so that can bring some psychological relief - even when financially you might have been better if the BTC price had been flat or down.. .. but in the end, the price is what it is, and if you just do whatever you can in terms of ongoing BTC accumulation, you cannot really change the fact that you could not really know which way the BTC price was going to go in the last year.

Another good feeling is getting through a whole cycle.. so hopefully you are still feeling good about whatever you are doing or able to do in regards to your BTC holdings by the end of a whole cycle.  We will see.  .. Seems like exciting times in the coming years in bitcoinlandia, even if there can be some uncertainty too.

For this reason, it is true that we need basic principles of preparedness when unexpected things affect our economy. As difficult as it was for me in the first year, I was determined and confident to close the first year of my investment planning successfully and that was a matter of pride for me. For this reason, I have advice for beginners to stay focused and have principles in planning Bitcoin investment because without principles, it will certainly be difficult for you someday. I mean if you don't have pressure to complete your investment planning perfectly then you will be left behind in various ways such as going through many purchasing stages and not being consistent with the investments you make.

If you started and you did not have any kinds of investment systems in place, then going through a whole year will give you a whole years practice in order to see if there might be some areas that you can improve.. especially if there might have had been some times in which you had shortfalls in your cash.  Sometimes little tweaks to your practices can fix those kinds of problems, but then if you make it through a whole bitcoin cycle, then you likely will have a quite a bit of adventure in front of you to see how the next years go and to probably allow you to feel more and more solid like a person who keeps and maintains a bitcoin holdings.. .which is still a minority of folks in the world who are actually engaged in such a practice. 

[FinePoine0]

Snip

Your quoting pattern is really off, I mean just try and clear out the unwanted information then try to converse with users from the exact points you want to show because it's looking really awkward to see so many conversation being quoted and at the very end, the message you are passing is not seemingly related, why not quote the need parted for preference and leave out the unwanted information, it makes it more convenient and readable for the users.

Here we are not going to give any unwanted information as we follow the strategies of how to invest in DCA method here. It is possible to achieve success in investing in Bitcoin based on the only strategy, because investing in Bitcoin DCA method will help you accumulate money. And will attract more investors to invest in Bitcoin.

[Litzki1990]

~~~

Money is a very valuable thing in our life. Everyone has to work hard enough to earn money, very easy but never money. Since it is difficult to make money, it is natural for an investor to think about it when he invests that money. If an investor invests the entire wealth that he has accumulated over a few months or years, he must think whether he is investing his hard-earned money in the right place. Those who have prior knowledge of investing may not worry so much after investing but this problem is more common among those who are new to investing. In the initial stage an investor thinks a lot after investing but gradually he gets enough confidence in the investment and he gradually starts to trust the investment. If we invest then we must invest with confidence in the investment and if we don't have confidence in the investment then we can never keep that investment for long and we will never get our desired results from that investment.

Whatever work we do we must enjoy that work and we must have enough respect and devotion towards that work only then we can do it properly. If we find the work we are involved in burdensome and if the work is boring to us then the work will not last long for us. People who serve in the military enjoy their job and take enough pride in their job that they can serve in the same position for 20 to 30 years continuously. It is not that everyone can work in the same position for twenty to thirty years, but those who do not have respect for their work or those who do not enjoy that work leave the job after working for some time. If we plan to invest then we must treat investing as fun and we must make sure that we enjoy the investment to the fullest. When we fully enjoy the investment, the results of the investment will definitely come in our favor after a certain period of time. We must ensure that we are not such investors that we are short-term investors, but that we invest permanently and hold on to them for the long term.

An emergency fund is definitely important for investing but not all investors can invest by building an emergency fund. There are some investors who have a small amount of money to invest and they start their investment with that small amount of money and do not build up additional funds. Additional endowment is usually done to ensure continuity of investment in which case those who have good financial support can create additional funds to ensure continuity of investment. But I think it has to be done as an investor has no such thing. Emergency fund can be stressful for some people and surely an investor can't hold his investment for a long time with pressure so those investors can invest as they want in this case there is no need to take this pressure. Investors can invest as and when they want and with as much comfort as they can invest, so if it is not possible to build additional funds, then there is no reason to take this matter as a pressure at all. Additional funds can be taken by an investor only as an optional means.

[Tmoonz]

Snip

Your quoting pattern is really off, I mean just try and clear out the unwanted information then try to converse with users from the exact points you want to show because it's looking really awkward to see so many conversation being quoted and at the very end, the message you are passing is not seemingly related, why not quote the need parted for preference and leave out the unwanted information, it makes it more convenient and readable for the users.

Here we are not going to give any unwanted information as we follow the strategies of how to invest in DCA method here. It is possible to achieve success in investing in Bitcoin based on the only strategy, because investing in Bitcoin DCA method will help you accumulate money. And will attract more investors to invest in Bitcoin.

bitcoin is not money but an asset, a store of value and wealthy for  future profit maximization.
Your expression don't seem to be well organized but from my contractions the DCA  strategy is highly adopted and recommended as one of conservative approach of accumulating Bitcoin for long term investment as it lowers the risk tolerance that is associated with Bitcoin accumulation which could be weekly or monthly considering your income flow and the allocation % of about 5 to 10% .with your reserved and emergency funds set aside.

[Hallroom]

Snip

Your quoting pattern is really off, I mean just try and clear out the unwanted information then try to converse with users from the exact points you want to show because it's looking really awkward to see so many conversation being quoted and at the very end, the message you are passing is not seemingly related, why not quote the need parted for preference and leave out the unwanted information, it makes it more convenient and readable for the users.

Here we are not going to give any unwanted information as we follow the strategies of how to invest in DCA method here. It is possible to achieve success in investing in Bitcoin based on the only strategy, because investing in Bitcoin DCA method will help you accumulate money. And will attract more investors to invest in Bitcoin.

bitcoin is not money but an asset, a store of value and wealthy for  future profit maximization.
Your expression don't seem to be well organized but from my contractions the DCA  strategy is highly adopted and recommended as one of conservative approach of accumulating Bitcoin for long term investment as it lowers the risk tolerance that is associated with Bitcoin accumulation which could be weekly or monthly considering your income flow and the allocation % of about 5 to 10% .with your reserved and emergency funds set aside.

This is why the DCA method is the best because using this method, bettors can accumulate bitcoins. It is best to set aside 5% to 10% of your bitcoins for extra expenses. Thus many investors have benefited which is now reaping the benefits as a result. The more you invest, the more bitcoins you can earn.

[Tmoonz]

~~~

Money is a very valuable thing in our life. Everyone has to work hard enough to earn money, very easy but never money. Since it is difficult to make money, it is natural for an investor to think about it when he invests that money. If an investor invests the entire wealth that he has accumulated over a few months or years, he must think whether he is investing his hard-earned money in the right place. Those who have prior knowledge of investing may not worry so much after investing but this problem is more common among those who are new to investing. In

 
I disagree with you on this it is never a good idea for any investor to invest all his entire money , if you invest all your entire money you will be left with nothing and that is gambling with your investment and this will  increase emotional instability when there is a downward trend in the market you need to save some part of your money to enable you grow your asset and reach your specific goals.