Buy the DIP, and HODL!

[Troytech]

Security is like the most important thing in hold, most holders end up losing their asset to phising Link, ponzi schemes and poor education, I think newbies that are interested in investing in bitcoin should take time to learn about it and find out the best way to observe safety, the kind of wallets to use like hardware wallet(trezor cause I plan on buyingone next month, or using closed source wallets, many newbies also make the mistake of leaving huge amount of bitcoin on trusted exchanges and fail to learn from past incidents like the hack on Mt gox and the bankruptcy of FTX exchange, this companies are major target for scammers and they don't guarantee any security to you holders if something happens, we should learn that security is our responsibility if we must keep our crypto safe. I myself try my best to secure my holdings although they are not very massive yet, I'm still on my accumulation stage.

What makes a wallet good is that it is "open source".. and I am not sure how much we should go into wallet security in this thread.... but you can compare hardware and software wallets.

Another priority would be the idea of self-custodial rather third party custodial.. .. but at the same time we know about transaction fees too.. so we might want to make sure that our UTXOs are $500 to $1k (1 million to 2million satoshis) or more rather than having a bunch of small UTXOs.

https://www.athena-alpha.com/crypto-wallets/

https://www.athena-alpha.com/crypto-wallets/rating-methodology/

 DO NOT POST SESC LINKS

https://walletscrutiny.com/hardware/trezorT/

Wallet security is not the topic of this thread but thanks for throwing light in that area, so many newbies like me who are still learning about our security, and self custody must be practiced but we also need to know how to do it best ourselves, it won't be a good experience to lose your bitcoin holdings because we failed to be knowledgeable in such areas, and many newbies continue to flood this thread daily to learn about investment, I guess they are motivated about the bull run, but I wished they had already stared buying in the bear market. They are other threads that teach about security and I think we should learn about security there.

The links are really helpful 🙂.

[Mayor of ogba]

Don't expect holding without challenges

https://twitter.com/rovercrc/status/1759255957006139651?t=0NPU8k18o81QEJ1MCkWLLQ&s=19


Maybe many will have to understand this that when we are talking about holding, it's not just what you can get into and invest to hold, you have the task ahead to do, starting from the way you will conduct your own research, understand the reason why you should hold, the duration for your holding and how you could make the best of interest while still holding before a particular period of time, from my previous post, I made mention of not afford investing on other assets first before Bitcoin, which means, if you're a potential investors and is having a lot of considerations for an investment, Bitcoin is the best and 3asy way to start up with.

From what I gave understand about hodling, I don't think that it is as hard as the illustration on this diagram. I will say that number 1 simply implies to hodli, while number two simply implies to those who think that they can use trading to doubling their bitcoin. The reason why I said hodling is not that difficult as the diagram made it to look like is because anyone who already have an income and is used to saving a certain percentage in the bank for long term base on intend using it for a project, or for financial security will be able to invest in bitcoin with ease with that money that he is saving. He will just continue using the money to buy bitcoin in the long run consistently. Because for you to be able to save for a long term got a project. That was what I use to do then that I have not known about bitcoin, I do save 10% of my income in the bank, but since I knew about bitcoin, I buy bitcoin with my savings using DCA, and I find it easy.

I agree with you that holding bitcoin is not as hard as what that image shows. Someone will only find it hard to hold bitcoin for the long term when he or she doesn't make the right preparations, such as having a source of income, an emergency fund to use and solve unforeseen financial problems, and a reserve fund to use and take care of your financial problems in case you lose your job. But anyone who has kept all these will find it easy to accumulate bitcoin with the DCA strategy anytime his weekly or monthly salary arrives.

[Justbillywitt]

Personally, and in my own opinion, we plebs shouldn't treat our little/limited capital like it's Warren Buffett's billions that needs to be "diversified". It will slow down our ROI plus it's probably not needed. Diversification is made to protect capital and control risks because their billions has more to lose in every small market move. For us plebs, if we truly want to make life-changing profit, then, only my personal opinion, we should take more risks and concentrate capital to just one investment that we can have strong conviction to HODL long term. If you ask me, it's a golden opportunity to buy and HODL Bitcoin.

No, we don't treat our capital like Warren Buffett's or other rich people. We try to arrange our capital to invest in Bitcoin. If we make a profit, we can give more portion to invest in Bitcoin while we can also think about adding more investment so we can increase our investment portfolio. That will give us more profit in the future because we can have many investment and not just in Bitcoin.

We can take more risks but we should not break our limit on handling the risks and only take the risk that we can afford. That is one thing that we must remember in investing. If they don't want to confuse handling many investment, yes he can use one investment that he can HODL long term. That means, he can focus on buy and HODL Bitcoin.

We always suggest to HODL Bitcoin to all people because we know that Bitcoin can give a big profit in the future.

@michellee, for me i consider JJG'S advice that after building up your Bitcoin investment portfolio to a certain point of considering diversification, that it is advisable to diversify in to real life investment such as selling commodities, real estate or land, investing in altcoin is more like gambling than investment. Fuck shitcoins, it is important spreading your investment in to different assets classes of which shitcoins is a no no for me I don't know about you, is your choice.

That is just an example because we are in crypto. Investing in other commodities is good, I prefer to invest in gold as starts. I consider that having investment in real estate or land needs more money but we can have an investment in gold. No problem if you don't want to invest in altcoins because that is a personal choice. I make Bitcoin as my main investment but I am trying to build my investment in other things.

@michelle, don't forget is a Bitcoin discussion thread, using the word crypto may implies including altcoins which is not included in the topic of discussion.

I think you are getting something wrong here. Bitcoin is the crypto itself. Every other coins you see today were built around bitcoin. Many people only know bitcoin when they hear the word crypto. There are people out there today who doesn't know that other coins exist, so when they hear about crypto the first thing that comes to their mind is bitcoin. Bitcoin is the crypto currency, if you are not aware of this know it today. If he had mentioned alt coins then you can say he is referring to other coins. So @Michelle is not talking out of point when he used the  word crypto. If you see a newbie that has no knowledge about bitcoin investment, ask him or her what is crypto, I bet you the person will mention bitcoin.

[Tmoonz]

Personally, and in my own opinion, we plebs shouldn't treat our little/limited capital like it's Warren Buffett's billions that needs to be "diversified". It will slow down our ROI plus it's probably not needed. Diversification is made to protect capital and control risks because their billions has more to lose in every small market move. For us plebs, if we truly want to make life-changing profit, then, only my personal opinion, we should take more risks and concentrate capital to just one investment that we can have strong conviction to HODL long term. If you ask me, it's a golden opportunity to buy and HODL Bitcoin.

No, we don't treat our capital like Warren Buffett's or other rich people. We try to arrange our capital to invest in Bitcoin. If we make a profit, we can give more portion to invest in Bitcoin while we can also think about adding more investment so we can increase our investment portfolio. That will give us more profit in the future because we can have many investment and not just in Bitcoin.

We can take more risks but we should not break our limit on handling the risks and only take the risk that we can afford. That is one thing that we must remember in investing. If they don't want to confuse handling many investment, yes he can use one investment that he can HODL long term. That means, he can focus on buy and HODL Bitcoin.

We always suggest to HODL Bitcoin to all people because we know that Bitcoin can give a big profit in the future.

@michellee, for me i consider JJG'S advice that after building up your Bitcoin investment portfolio to a certain point of considering diversification, that it is advisable to diversify in to real life investment such as selling commodities, real estate or land, investing in altcoin is more like gambling than investment. Fuck shitcoins, it is important spreading your investment in to different assets classes of which shitcoins is a no no for me I don't know about you, is your choice.

That is just an example because we are in crypto. Investing in other commodities is good, I prefer to invest in gold as starts. I consider that having investment in real estate or land needs more money but we can have an investment in gold. No problem if you don't want to invest in altcoins because that is a personal choice. I make Bitcoin as my main investment but I am trying to build my investment in other things.

@michelle, don't forget is a Bitcoin discussion thread, using the word crypto may implies including altcoins which is not included in the topic of discussion.

I think you are getting something wrong here. Bitcoin is the crypto itself. Every other coins you see today were built around bitcoin. Many people only know bitcoin when they hear the word crypto. There are people out there today who doesn't know that other coins exist, so when they hear about crypto the first thing that comes to their mind is bitcoin. Bitcoin is the crypto currency, if you are not aware of this know it today. If he had mentioned alt coins then you can say he is referring to other coins. So @Michelle is not talking out of point when he used the  word crypto. If you see a newbie that has no knowledge about bitcoin investment, ask him or her what is crypto, I bet you the person will mention bitcoin.

@justbillywitt, Bitcoin is Bitcoin for the benefits of this thread making use of the word crypto in this thread can  actually make  understanding the concepts of this thread contradictory, if you want to make use of the word Bitcoin is better you say Bitcoin than crypto, I am beginning to feel that you want to contradict this thread, you can never convince me that altcoins is not included @michellee's expression of crypto , if anyone want to say Bitcoin let him say Bitcoin there is no reason referring Bitcoin to be crypto or crypto  to be Bitcoin so far this thread is concerned.

[Odohu]

@michelle, don't forget is a Bitcoin discussion thread, using the word crypto may implies including altcoins which is not included in the topic of discussion.

I think you are getting something wrong here. Bitcoin is the crypto itself. Every other coins you see today were built around bitcoin. Many people only know bitcoin when they hear the word crypto. There are people out there today who doesn't know that other coins exist, so when they hear about crypto the first thing that comes to their mind is bitcoin. Bitcoin is the crypto currency, if you are not aware of this know it today. If he had mentioned alt coins then you can say he is referring to other coins. So @Michelle is not talking out of point when he used the  word crypto. If you see a newbie that has no knowledge about bitcoin investment, ask him or her what is crypto, I bet you the person will mention bitcoin.

In the earlier part of this thread, if I'm not mistaken, I think @JayJuanGee stressed the need to avoid using the word "cryptocurrency" when generalizing Bitcoin and the other coins out there. The reason being that while many funny things have been done leveraging on cryptocurrency, Bitcoin have remained clean since inception and people tend to taint the image of Bitcoin whenever they unleash their clandestine plots. Therefore, such clarifications is important and we must make effort to make people understand that Bitcoin is different from whatever people promote under the guise of cryptocurrency with the intent to steal.

In addition, I don't think there is officially any word like "crypto" rather it was coined as an abbreviation for cryptocurrency. So instead of regarding Bitcoin as crypto, why not we just address it as Bitcoin which is by all standard more popular and acceptable to all!

[Troytech]

@michelle, don't forget is a Bitcoin discussion thread, using the word crypto may implies including altcoins which is not included in the topic of discussion.

I think you are getting something wrong here. Bitcoin is the crypto itself. Every other coins you see today were built around bitcoin. Many people only know bitcoin when they hear the word crypto. There are people out there today who doesn't know that other coins exist, so when they hear about crypto the first thing that comes to their mind is bitcoin. Bitcoin is the crypto currency, if you are not aware of this know it today. If he had mentioned alt coins then you can say he is referring to other coins. So @Michelle is not talking out of point when he used the  word crypto. If you see a newbie that has no knowledge about bitcoin investment, ask him or her what is crypto, I bet you the person will mention bitcoin.

In the earlier part of this thread, if I'm not mistaken, I think @JayJuanGee stressed the need to avoid using the word "cryptocurrency" when generalizing Bitcoin and the other coins out there. The reason being that while many funny things have been done leveraging on cryptocurrency, Bitcoin have remained clean since inception and people tend to taint the image of Bitcoin whenever they unleash their clandestine plots. Therefore, such clarifications is important and we must make effort to make people understand that Bitcoin is different from whatever people promote under the guise of cryptocurrency with the intent to steal.

In addition, I don't think there is officially any word like "crypto" rather it was coined as an abbreviation for cryptocurrency. So instead of regarding Bitcoin as crypto, why not we just address it as Bitcoin which is by all standard more popular and acceptable to all!

Crypto is a general term and I think we need to understand this, bitcoin has a name and we should try to call it that way, saying crypto can confuse others to think that the rules and conditions that apply to bitcoin apply to other coins, and as we know other coins include shit coin which are mostly worthless and they all depend on bitcoin to have value. Using the word crypto is going off topic in this thread.

[I_Anime]

@michelle, don't forget is a Bitcoin discussion thread, using the word crypto may implies including altcoins which is not included in the topic of discussion.

I think you are getting something wrong here. Bitcoin is the crypto itself. Every other coins you see today were built around bitcoin. Many people only know bitcoin when they hear the word crypto. There are people out there today who doesn't know that other coins exist, so when they hear about crypto the first thing that comes to their mind is bitcoin. Bitcoin is the crypto currency, if you are not aware of this know it today. If he had mentioned alt coins then you can say he is referring to other coins. So @Michelle is not talking out of point when he used the  word crypto. If you see a newbie that has no knowledge about bitcoin investment, ask him or her what is crypto, I bet you the person will mention bitcoin.

In the earlier part of this thread, if I'm not mistaken, I think @JayJuanGee stressed the need to avoid using the word "cryptocurrency" when generalizing Bitcoin and the other coins out there. The reason being that while many funny things have been done leveraging on cryptocurrency, Bitcoin have remained clean since inception and people tend to taint the image of Bitcoin whenever they unleash their clandestine plots. Therefore, such clarifications is important and we must make effort to make people understand that Bitcoin is different from whatever people promote under the guise of cryptocurrency with the intent to steal.

In addition, I don't think there is officially any word like "crypto" rather it was coined as an abbreviation for cryptocurrency. So instead of regarding Bitcoin as crypto, why not we just address it as Bitcoin which is by all standard more popular and acceptable to all!

Crypto is a general term and I think we need to understand this, bitcoin has a name and we should try to call it that way, saying crypto can confuse others to think that the rules and conditions that apply to bitcoin apply to other coins, and as we know other coins include shit coin which are mostly worthless and they all depend on bitcoin to have value. Using the word crypto is going off topic in this thread.

Well everybody is here to learn from eachother. All this point given I'm pretty sure that @michellee as already gotten the gist, because you guys are right that crypto is a general term. So mentioning crypto Is you talking about bitcoin and other coin which others as already clarified that this thread is all about holding or bitcoin investment and all that. So next time just try and specify by mentioning bitcoin than using crypto or cryptocurrency so that those that are new in this space would easily get the gist.

I think you are getting something wrong here. Bitcoin is the crypto itself. Every other coins you see today were built around bitcoin. Many people only know bitcoin when they hear the word crypto. There are people out there today who doesn't know that other coins exist, so when they hear about crypto the first thing that comes to their mind is bitcoin. Bitcoin is the crypto currency, if you are not aware of this know it today. If he had mentioned alt coins then you can say he is referring to other coins. So @Michelle is not talking out of point when he used the  word crypto. If you see a newbie that has no knowledge about bitcoin investment, ask him or her what is crypto, I bet you the person will mention bitcoin.

I get what you trying to say. But still can't change the fact that bitcoin is not crypto itself, yeah we all know that bitcoin is the mother of all cryptocurrency. And other coins were built around bitcoin and all that, but bitcoin still under the  category of cryptocurrencies, So those people that have always have the thought that bitcoin is crypto itself. Is due to the half-size knowledge they have about and this space. So as have said before we all here to learn from eachother so if have said anything off! Please anyone can do so in correcting me. Because this is the aim of the forum forus to support eachother. Because anytime say something off there would always be users here to put you right on track.

[GbitG]

DCA strategy is one the best strategy in bitcoin investment.An investor that wants to be successful in bitcoin investment must adopt the DCA strategy

No doubt, dca strategy has enormous benefits as regards to Bitcoin investment the reason why it dominates the thread, but on the contrary a lump sum buyer can as well be successful in his Bitcoin investment,  in my opinion that lump sum buying can as well leads to significant returns, you can actually set up a portfolio through the lump sum buying and allow it to grow. the very best strategy is any of the strategy that allows an investor to hodl his investment and sleep well at night, whether it is dca or lump sum, the main factor to be successful or not in Bitcoin investment is the ability to hodl long term to take advantage of it's comp youounding value,the right strategy is unique to every investor that is why it is of great importance for any investor to tailor their strategy to their own risk tolerance and financial situation as well as their own conviction level to prevent a situation that could lead to emotional decision and selling too soon.
 My point is that dca is not a must to be successful in Bitcoin investment according to @Fiasem20

Absolutely right, man! 
I think the best strategy for accumulating Bitcoin is DCA (Dollar Cost Averaging). Personally, I would love to use the DCA because in fact, this made a lot of profit for me and from all the above it is the simplest strategy beginners can easily understand it. 
 
DCA is a strategy that people use to diversify their investments. I mean in DCS, investors do the same amount of investment targeted place at a daily basis interval in a certain time period regardless of price.
 
DCA's big advantage is that it reduces the impact of the price (volatility).
 
Also reduce the loss ratio; I mean if you lose some, DCA has the potential to make it return to another target. 
 
This is a reason which I personally experience under DCA strategy, and And for the reasons mentioned above, DCA has a prominent place in the eyes of investors, of which I am a witness myself, and in my opinion, investors will also have the position that these advantages are under the point.
 
 
For more inform >>> What is DCA?

[Mayor of ogba]

DCA strategy is one the best strategy in bitcoin investment.An investor that wants to be successful in bitcoin investment must adopt the DCA strategy

No doubt, dca strategy has enormous benefits as regards to Bitcoin investment the reason why it dominates the thread, but on the contrary a lump sum buyer can as well be successful in his Bitcoin investment,  in my opinion that lump sum buying can as well leads to significant returns, you can actually set up a portfolio through the lump sum buying and allow it to grow. the very best strategy is any of the strategy that allows an investor to hodl his investment and sleep well at night, whether it is dca or lump sum, the main factor to be successful or not in Bitcoin investment is the ability to hodl long term to take advantage of it's comp youounding value,the right strategy is unique to every investor that is why it is of great importance for any investor to tailor their strategy to their own risk tolerance and financial situation as well as their own conviction level to prevent a situation that could lead to emotional decision and selling too soon.
 My point is that dca is not a must to be successful in Bitcoin investment according to @Fiasem20

DCA is a strategy that people use to diversify their investments.

I disagree with you; the DCA strategy is never used in diversifying investments. The DCA is a strategy that is used to accumulate bitcoin at regular intervals, and it will also help to control the volatility of bitcoin in your bitcoin investment. Also, with the DCA strategy, an investor can use 10% or 20% of his salary, depending on the amount he or she receives weekly or monthly, to consistently accumulate bitcoin.

[Obim34]

Personally, and in my own opinion, we plebs shouldn't treat our little/limited capital like it's Warren Buffett's billions that needs to be "diversified". It will slow down our ROI plus it's probably not needed. Diversification is made to protect capital and control risks because their billions has more to lose in every small market move. For us plebs, if we truly want to make life-changing profit, then, only my personal opinion, we should take more risks and concentrate capital to just one investment that we can have strong conviction to HODL long term. If you ask me, it's a golden opportunity to buy and HODL Bitcoin.

No, we don't treat our capital like Warren Buffett's or other rich people. We try to arrange our capital to invest in Bitcoin. If we make a profit, we can give more portion to invest in Bitcoin while we can also think about adding more investment so we can increase our investment portfolio. That will give us more profit in the future because we can have many investment and not just in Bitcoin.

We can take more risks but we should not break our limit on handling the risks and only take the risk that we can afford. That is one thing that we must remember in investing. If they don't want to confuse handling many investment, yes he can use one investment that he can HODL long term. That means, he can focus on buy and HODL Bitcoin.

We always suggest to HODL Bitcoin to all people because we know that Bitcoin can give a big profit in the future.

According to @Wind_FURY becoming a pleb literally means an average income earner, in this case trying to diversify one's investment as a pleb should not be recommended. An average income earner has little after much separation of funds for his survival then in what amount can he split up the money to invest. His solid interest should be to maximize his ROI dependetly on one investment that is worth the risk.

As a pleb, it will be much convenient to hold Bitcoin instead of any other substitute due to the motion of continuity and good amount of profit as long we continue to hold.

[Troytech]

[edited out]

Well if they only have small capital to used then I think they should not focus to hold since there's nothing gonna happen with them if they only decide to hold the small amount of money since if they calculate the profit they get for long term for sure they can only get less that's why instead of focusing on one thing much really better if they split their investment to half and use the 50% for trying to make your money grow by either you trade it or use it on other options that you think can give you a decent profit. The half is automatically for HODL. For sure people will see the best result if they try to find ways to make their bitcoin grow since this can give much better result especially if they are wise taking those good investment online.

I also know its hard to achieve to get good profits or the passive ones but if we gain a lot of experience especially dealing with those risk for sure we can figure out what's bad and good investment for us.

You sound either retarded or like a degenerate gambler.  You don't build wealth by fucking around, but hey people can do what they want.

I would suggest that anyone investing into bitcoin to limit his degenerate gambling tendencies to no more than 10% of his bitcoin holdings, and if such degenerate gambler might have only a low amount that he is able to invest, it likely would still end up adding up over the years, even if you are merely investing $10 per week, and maybe even adding to your investment with the passage of time (as I attempted to outline in my above examples) as you make progress in building up your investment size. 

If you are fucking around with half of your available cash as avp2306 suggests, you may never make any progress and you may well end up staying poor forever, which surely would not be a good position to be in when you are 10, 20 or even 30 years down the road and have been gambling rather than investing all your life when you could have spent time and discipline developing and employing sound investment practices.

I've taken some time to think of it and i totally agree and stand by what you advised in the past, to me I don't think gambling with even a small percentage of your holdings is a good practice and could even slow me down in my accumulation journey at the end of the day or I end up making no real progress in many years of such practice.

IMO if anyone must succeed especially newbies we must have clear understanding of what we should do in our early stages of accumulation and what not to do, I dont think a newbie should be concerned or engaged in such practices that would limit his accumulation of Bitcoin in any way that he has to limit his allocations to satisfy other needs, and moreover gambling can become a dangerous habit if not controlled and later leading to even us allocating more than planned to gamble more, just imagine a newbie starting with little capital which is already at a disadvantage of size now engaging in gambling he would end up stuck with a very small bitcoin if he doesn't take time.

What I think is newbies in particular should stay clear from gambling practices and if they must it should be after at least 4-5 years of accumulation before they think of such, earlier in this thread when @JayJuanGee explained it to me he was talking about more matured investors should be the once to allocate like 10% of their holdings to such practices not newbies who just want to start investing.

[teamsherry]

DCA strategy is one the best strategy in bitcoin investment.An investor that wants to be successful in bitcoin investment must adopt the DCA strategy

No doubt, dca strategy has enormous benefits as regards to Bitcoin investment the reason why it dominates the thread, but on the contrary a lump sum buyer can as well be successful in his Bitcoin investment,  in my opinion that lump sum buying can as well leads to significant returns, you can actually set up a portfolio through the lump sum buying and allow it to grow. the very best strategy is any of the strategy that allows an investor to hodl his investment and sleep well at night, whether it is dca or lump sum, the main factor to be successful or not in Bitcoin investment is the ability to hodl long term to take advantage of it's comp youounding value,the right strategy is unique to every investor that is why it is of great importance for any investor to tailor their strategy to their own risk tolerance and financial situation as well as their own conviction level to prevent a situation that could lead to emotional decision and selling too soon.
 My point is that dca is not a must to be successful in Bitcoin investment according to @Fiasem20

Absolutely right, man!
I think the best strategy for accumulating Bitcoin is DCA (Dollar Cost Averaging). Personally, I would love to use the DCA because in fact, this made a lot of profit for me and from all the above it is the simplest strategy beginners can easily understand it.
 
DCA is a strategy that people use to diversify their investments. I mean in DCS, investors do the same amount of investment targeted place at a daily basis interval in a certain time period regardless of price.
 
DCA's big advantage is that it reduces the impact of the price (volatility).
 
Also reduce the loss ratio; I mean if you lose some, DCA has the potential to make it return to another target.
 
This is a reason which I personally experience under DCA strategy, and And for the reasons mentioned above, DCA has a prominent place in the eyes of investors, of which I am a witness myself, and in my opinion, investors will also have the position that these advantages are under the point.
 
 
For more inform >>> What is DCA?

I've never heard of DCA been used for diversification at any time, everyone who use woud surely enjoy its benefits and that why it's the most recommended for newbies. It's easy to learn and it's not stressful to carry out, since u started using DCA I've learnt how to plan and I've started to build a more long term mindset.

Early investor should be less bothered about losses on their portfolio as our major aim is to accumulate bitcoin, every price drop is to our advantage and with using DCA we can take advantage and buy at those intervals, DCA is newbie friendly and that why we use it very much.

[Sim_card]

@michelle, don't forget is a Bitcoin discussion thread, using the word crypto may implies including altcoins which is not included in the topic of discussion.

I think you are getting something wrong here. Bitcoin is the crypto itself. Every other coins you see today were built around bitcoin. Many people only know bitcoin when they hear the word crypto. There are people out there today who doesn't know that other coins exist, so when they hear about crypto the first thing that comes to their mind is bitcoin. Bitcoin is the crypto currency, if you are not aware of this know it today. If he had mentioned alt coins then you can say he is referring to other coins. So @Michelle is not talking out of point when he used the  word crypto. If you see a newbie that has no knowledge about bitcoin investment, ask him or her what is crypto, I bet you the person will mention bitcoin.

In the earlier part of this thread, if I'm not mistaken, I think @JayJuanGee stressed the need to avoid using the word "cryptocurrency" when generalizing Bitcoin and the other coins out there. The reason being that while many funny things have been done leveraging on cryptocurrency, Bitcoin have remained clean since inception and people tend to taint the image of Bitcoin whenever they unleash their clandestine plots.

Not just that, if you look at this thread it is strictly on how one can accumulate bitcoin through DCA, lump sum, and buying at the dip. Which means this thread generalize on investing for the future and sound investment practice. This is why we need to be specific with the word "bitcoin" because it is only bitcoin investment that when you hodli for long it has the potential to generate good profit in the long run, that can turn your life around. Altcoins are not to be kept for long, and it is useless to DCA on altcoins, because you are wasting time and money, that you will regret later, when they end up valueless. Altcoins are not investment, but they are used for gambling because their prices can be manipulated at anytime, and you cannot be your own bank with altcoins because all their wallets are closed source, and the consequences for gambling is great loss, and frustration. Bitcoin is King Daddy.

[GbitG]

~snip~
DCA is a strategy that people use to diversify their investments.

I disagree with you; the DCA strategy is never used in diversifying investments. The DCA is a strategy that is used to accumulate bitcoin at regular intervals, and it will also help to control the volatility of bitcoin in your bitcoin investment. Also, with the DCA strategy, an investor can use 10% or 20% of his salary, depending on the amount he or she receives weekly or monthly, to consistently accumulate bitcoin.

Yes, it is true that diversification is not done in DCA. While here I did not describe diversify in the sense of a diversify strategy, nor did I mean it. I said to explain the word Diversify. Here, diversify means to modify, which means to modify your investment over a certain time period in a target security on a regular basis like the individual distribution of their total investment, to reduce the price impact.

[ginsan]

Success is not only triggered by planning but we must have confidence in what we do. Investing in bitcoin is an investment that is quite popular at the moment, so for that we need to strengthen ourselves to fight the lust for near-term profits. Apart from that, we can learn from the seniors here, like JJG, who has gone through many obstacles to become a great holder, aka able to withstand it in the long term. lots of very useful advice for us beginners, therefore we can learn while investing in Bitcoin.

For sure, threads like this (and the forum) is an interactive process, and for some reason, guys had become quite engaging on this thread in regards to several of the various ideas and ways to accumulate BTC and including that it seems that a good number of guys have been practicing some of their own variations of BTC accumulation, so the active participation and the employment of the ideas, makes it more likely that the ideas are going to sink in and make more sense...  

Of course that's true because I have seen many beginners keep coming to this discussion thread which means they have prioritized understanding some ideas in their investment planning. Like most people, of course, I myself am lucky enough to be able to learn a lot from here, moreover, every discussion is very useful for us especially in the process of carrying out the BTC accumulation which we prioritize. There are always suggestions and there are always criticisms and we will take all of this from the positive side for our progress in investing in Bitcoin.

.. even though surely some guys still seem to be looking for quick results, yet other guys seem to realize that it can take many years to build up a bitcoin portfolio, and we even have some members who have been in bitcoin at various lengths of time, and several of them are able to bring their own level of experience.. and even some of them might be saying that they have to start over because they either got caught up too much into shitcoins or that they had not been employing very consistent BTC accumulation practices.. .. and really, there should be no reason to get worried, even if you are just getting started in bitcoin accumulation in recent times.. and so in those kinds of cases, it might still take a while to learn that it is better to just get started rather than continuing to regret about earlier periods of either inaction or whimpy levels of BTC accumulation.

I may not care about quick results or quick profits because previously I had strengthened my mentality to invest in the long term or 10 years. Meanwhile, for those who determine their choice of direction in the near future, of course that is their decision, but I certainly won't do that. Of course some members are our seniors here, but apart from that, even though they are seniors, if the points they say are not constructive, we certainly won't take advice from them. So, for the most part, I think the arguments in this thread are quite useful and it depends on each person how they come to their conclusions.

We likely learn from some of our mistakes, and there are even some very senior forum members with similar stories of relatively whimpy BTC accumulation, so even being involved in the forum for a long time does not necessarily teach guys to accumulate BTC if they are not going to put ideas of BTC bullishness into a kind of accumulation practice.

That's what I like, if they make a mistake and want to correct it in their new investment, of course we will encourage them to continue doing it. Because every regret will be useful for those who want to change their fate so as not to repeat it. I appreciate everything you say in one word, namely that it is quite important to continue to stand up and make changes to achieve success in the future. Yes, everyone certainly has their own ideas about what they explain, but I think their goal is to help beginners find the best practices they can take to create their investment plan.

[Justbillywitt]

I think you are getting something wrong here. Bitcoin is the crypto itself. Every other coins you see today were built around bitcoin. Many people only know bitcoin when they hear the word crypto. There are people out there today who doesn't know that other coins exist, so when they hear about crypto the first thing that comes to their mind is bitcoin. Bitcoin is the crypto currency, if you are not aware of this know it today. If he had mentioned alt coins then you can say he is referring to other coins. So @Michelle is not talking out of point when he used the  word crypto. If you see a newbie that has no knowledge about bitcoin investment, ask him or her what is crypto, I bet you the person will mention bitcoin.

I get what you trying to say. But still can't change the fact that bitcoin is not crypto itself, yeah we all know that bitcoin is the mother of all cryptocurrency. And other coins were built around bitcoin and all that, but bitcoin still under the  category of cryptocurrencies, So those people that have always have the thought that bitcoin is crypto itself. Is due to the half-size knowledge they have about and this space. So as have said before we all here to learn from eachother so if have said anything off! Please anyone can do so in correcting me. Because this is the aim of the forum forus to support eachother. Because anytime say something off there would always be users here to put you right on track.

Not you haven't said anything bad at all. Nobody knows it all and as you rightly said we are all here to learn. I am open to criticism and learn from it. I won't dispute the fact that here has been a great source of learning for me since I came to this forum. From the reactions I have gotten from my post, I have learnt new things too and it has added to my knowledge.

[lalabotax]

I think you are getting something wrong here. Bitcoin is the crypto itself. Every other coins you see today were built around bitcoin. Many people only know bitcoin when they hear the word crypto. There are people out there today who doesn't know that other coins exist, so when they hear about crypto the first thing that comes to their mind is bitcoin. Bitcoin is the crypto currency, if you are not aware of this know it today. If he had mentioned alt coins then you can say he is referring to other coins. So @Michelle is not talking out of point when he used the  word crypto. If you see a newbie that has no knowledge about bitcoin investment, ask him or her what is crypto, I bet you the person will mention bitcoin.

What do you mean by saying 'Bitcoin is crypto'?
Everyone knows that Bitcoin is one of crypto coins. However, if we are talking about crypto, it will be a general matter. We are here talking about a specific thing, it is about Bitcoin. Sure, all altcoins can't be separated from Bitcoin, they are always depending on the trend of Bitcoin. But here, we aren't discussing about the correlation among crypto coins. We are analyzing the price change of Bitcoin, we determine when the right time for buying Bitcoin. I think it is the point of this thread. CMIIW

[JayJuanGee]

The illustration above makes perfect sense. When they say the price of bitcoin could drop and return to $1000k, we should tell them why. Anyone can share their analysis, but not everyone can tell you why. Moreover, current market conditions are very different from last year. Currently investors are very happy to see the price of BTC and those who have prepared themselves after the big correction that occurred with the DCA investment model can also smile happily of course. Slowly but surely.

Now Bitcoin price corrections of normal size are still occurring in the market and this is not so bad for investors who are still happy to use the DCA method so far. I don't think about the reason for the decline too much this month and also in the next month because the potential for a price increase is still quite possible in Bitcoin if you look at the many people who are happy to buy Bitcoin at this time.

This also includes investors who are still not bored with the current market conditions so they are still happy enough to continue buying and the possibility of a decline in the price of Bitcoin in the market is less compared to the potential price increase that is still occurring in the last few days. And I also hope that this can continue until the end of this year.

I find it quite strange for anyone to be considering BTC price movements of less than 5% to be anything meaningful to talk about or even describing them as corrections.

I am not sure what the threshold should be in order to start to proclaim that bitcoin is having any kind of substantial and/or meaningful correction, especially if you consider the BTC price-performance context in which BTC prices have gone up from right around $27k (in mid-October) to $53,015 (just 2.5 days ago).

So maybe if we look at this whole period, we have only 2-3 BTC price corrections that were in the 9% to 12% range, and then we had one correction from $49k to $38.5k that would have been a correction of about 21%.. so maybe in this context we could proclaim that any of the "corrections" since October 2023 until now that were 9% or more were significant corrections.  Other than that, there have not been any corrections that are worthy of talking about or getting worked up about or even referring to them as corrections seem to be out of context, especially if you might want to consider that the BTC price more or less doubled in the last 4 months... and if any thing the BTC price is continuing to push UPpity and it is caught within the upwards portions of the current price range.. even if we might consider a current narrow price range of $50k to $53k, but really, if we consider 9%  or 10% below the current local top of $53k, then maybe we should not be getting excited about any downward movements in which the BTC price stays above $48k-ish.

Now, if there might be concerns about buying extra on the dip, those surely are personal choices, and so some guys are likely just continuing to buy, but they could have some buying on the dip triggering points that do not necessarily require the BTC price to correct 5% to 10% or more.. they might be buying on lower dips, also as either a supplement or a substitute for their weekly DCA amounts.

.......https://www.athena-alpha.com/crypto-wallets/

https://www.athena-alpha.com/crypto-wallets/rating-methodology/

DO NOT POST SESC LINKS   https://thebitcoinhole.com/hardware-wallets

https://walletscrutiny.com/hardware/trezorT/

Wallet security is not the topic of this thread but thanks for throwing light in that area, so many newbies like me who are still learning about our security, and self custody must be practiced but we also need to know how to do it best ourselves, it won't be a good experience to lose your bitcoin holdings because we failed to be knowledgeable in such areas, and many newbies continue to flood this thread daily to learn about investment, I guess they are motivated about the bull run, but I wished they had already stared buying in the bear market. They are other threads that teach about security and I think we should learn about security there.

The links are really helpful 🙂.

For some reason the forum software had edited out when I had provided this link:  https://thebitcoinhole.com/hardware-wallets, so I went back to my earlier post and I placed the link in there again.   I don't know what happened.. Maybe something in the forum's algorithm had triggered wrongly in terms of detecting that site and editing it out.. but don't worry, it is a site that is referred to in a lot of places in the forum, and there is even a forum thread about that website.. you can see it here:  https://bitcointalk.org/index.php?topic=5465351.0

Personally, and in my own opinion, we plebs shouldn't treat our little/limited capital like it's Warren Buffett's billions that needs to be "diversified". It will slow down our ROI plus it's probably not needed. Diversification is made to protect capital and control risks because their billions has more to lose in every small market move. For us plebs, if we truly want to make life-changing profit, then, only my personal opinion, we should take more risks and concentrate capital to just one investment that we can have strong conviction to HODL long term. If you ask me, it's a golden opportunity to buy and HODL Bitcoin.

No, we don't treat our capital like Warren Buffett's or other rich people. We try to arrange our capital to invest in Bitcoin. If we make a profit, we can give more portion to invest in Bitcoin while we can also think about adding more investment so we can increase our investment portfolio. That will give us more profit in the future because we can have many investment and not just in Bitcoin.

We can take more risks but we should not break our limit on handling the risks and only take the risk that we can afford. That is one thing that we must remember in investing. If they don't want to confuse handling many investment, yes he can use one investment that he can HODL long term. That means, he can focus on buy and HODL Bitcoin.

We always suggest to HODL Bitcoin to all people because we know that Bitcoin can give a big profit in the future.

@michellee, for me i consider JJG'S advice that after building up your Bitcoin investment portfolio to a certain point of considering diversification, that it is advisable to diversify in to real life investment such as selling commodities, real estate or land, investing in altcoin is more like gambling than investment. Fuck shitcoins, it is important spreading your investment in to different assets classes of which shitcoins is a no no for me I don't know about you, is your choice.

That is just an example because we are in crypto. Investing in other commodities is good, I prefer to invest in gold as starts. I consider that having investment in real estate or land needs more money but we can have an investment in gold. No problem if you don't want to invest in altcoins because that is a personal choice. I make Bitcoin as my main investment but I am trying to build my investment in other things.

@michelle, don't forget is a Bitcoin discussion thread, using the word crypto may implies including altcoins which is not included in the topic of discussion.

I think you are getting something wrong here. Bitcoin is the crypto itself.

Even though technically you are correct that "bitcoin" is a subsection of "crypto," you better not be using that word unless you are clear about what the fuck you are talking about.  

If you mean to talk about bitcoin, then use the term bitcoin, and if you are talking about something other than bitcoin, then say that, but you better not be using the term "crypto" if you are talking about bitcoin, because either you are 1) being vague and ambiguous in regards to what you are talking about, 2) you are trying to sound smart for no good reason, 3) you are (either purposefully or inadvertently) deceiving and misleading people (perhaps even innocent people) in regards to either what is bitcoin or what you are talking about.

Every other coins you see today were built around bitcoin.

That part is true.

Many people only know bitcoin when they hear the word crypto.

Even if that is true, that does not excuse you for using vague, misleading and/or pretentious language.

There are people out there today who doesn't know that other coins exist, so when they hear about crypto the first thing that comes to their mind is bitcoin.

There are also a lot of shitcoiners who purposefully use vague ass language in order to make it seem that their coin is the same as bitcoin, so if you are talking about bitcoin, it is better that you make it clear rather than making the same mistake that others make..

So the mere fact that other people (even smart people) speak dumbly and use such dumb and misleading language does not mean that you or any of us in this thread (or forum for that matter) should speculate that we should be able to get away with using such... if we are talking about bitcoin, then what is so difficult to use the term in order to clarify what you are talking about?

Bitcoin is the crypto currency, if you are not aware of this know it today.

So what?  

Fuck crypto, shitcoins and the use of such term to speak vaguely, mislead people and/or to come off as pretentious.

If he had mentioned alt coins then you can say he is referring to other coins.

If he uses the term crypto we have no clue about what he is talking about, unless he specifically describes what he means, including using the term bitcoin in order to contextualize it.

There are many of us who use the term crypto, but we usually specify what we mean and whether we are talking about bitcoin and various shitcoins or just shitcoins or if we might be referring to something else... so there are reasonable ways to use the term, and using the term to refer to bitcoin is not reasonable for the reasons that I already outlined above..

So @Michelle is not talking out of point when he used the  word crypto. If you see a newbie that has no knowledge about bitcoin investment, ask him or her what is crypto, I bet you the person will mention bitcoin.

Who cares what he might think?  Each of us is responsible for our own words, and we also might be responsible to point out to others when they are using  vague, misleading and/or pretentious language, especially if there may well be easy ways to avoid such problems with their language by specifically using the term bitcoin in order to clarify what you mean, and if you are not talking about bitcoin when you use the term "crypto" then that would be helpful to point out, also.

@justbillywitt, Bitcoin is Bitcoin for the benefits of this thread making use of the word crypto in this thread can  actually make  understanding the concepts of this thread contradictory, if you want to make use of the word Bitcoin is better you say Bitcoin than crypto, I am beginning to feel that you want to contradict this thread, you can never convince me that altcoins is not included @michellee's expression of crypto , if anyone want to say Bitcoin let him say Bitcoin there is no reason referring Bitcoin to be crypto or crypto  to be Bitcoin so far this thread is concerned.

Exactly.

Crypto is a general term and I think we need to understand this, bitcoin has a name and we should try to call it that way, saying crypto can confuse others to think that the rules and conditions that apply to bitcoin apply to other coins, and as we know other coins include shit coin which are mostly worthless and they all depend on bitcoin to have value. Using the word crypto is going off topic in this thread.

There is probably nothing wrong with using the term "crypto" as long as you are clear about what you are saying, even if we might not agree with you and even if we might not agree whether or not you are on topic.  

I, personally, get aggravated when the term "crypto" or "cryptocurrency" is either used without any context or it is used in such a way that it is either unclear whether bitcoin is included in the description or the term might be being used as a substitute for bitcoin, and if you wanted to say bitcoin, then why not just use the correct term instead of saying "crypto" or "crypto currency," in order that way more people actually know what you are talking about?

DCA is a strategy that people use to diversify their investments.

DCA (dollar cost averaging) and diversification are different concepts, and DCA is not necessarily used to diversify their investments, even though optionally DCA could be used to diversify investments..

The idea of diversification tends to involve investing in different asset classes, such as these would be different asset classes:  equities, properties, bonds, commodities, and cash or cash equivalents.  Of course, you could diversify within the asset class or you could diversify across asset classes.  Some folks consider bitcoin as it's own asset class, even though there are some ways in which bitcoin might cross over some of the traditional asset classes.

I mean in DCS, investors do the same amount of investment targeted place at a daily basis interval in a certain time period regardless of price.
 
DCA's big advantage is that it reduces the impact of the price (volatility).
 
Also reduce the loss ratio; I mean if you lose some, DCA has the potential to make it return to another target.
 
This is a reason which I personally experience under DCA strategy, and And for the reasons mentioned above, DCA has a prominent place in the eyes of investors, of which I am a witness myself, and in my opinion, investors will also have the position that these advantages are under the point.
 
For more inform >>> What is DCA?

This part of your post makes sense and sounds correct.

Personally, and in my own opinion, we plebs shouldn't treat our little/limited capital like it's Warren Buffett's billions that needs to be "diversified". It will slow down our ROI plus it's probably not needed. Diversification is made to protect capital and control risks because their billions has more to lose in every small market move. For us plebs, if we truly want to make life-changing profit, then, only my personal opinion, we should take more risks and concentrate capital to just one investment that we can have strong conviction to HODL long term. If you ask me, it's a golden opportunity to buy and HODL Bitcoin.

No, we don't treat our capital like Warren Buffett's or other rich people. We try to arrange our capital to invest in Bitcoin. If we make a profit, we can give more portion to invest in Bitcoin while we can also think about adding more investment so we can increase our investment portfolio. That will give us more profit in the future because we can have many investment and not just in Bitcoin.

We can take more risks but we should not break our limit on handling the risks and only take the risk that we can afford. That is one thing that we must remember in investing. If they don't want to confuse handling many investment, yes he can use one investment that he can HODL long term. That means, he can focus on buy and HODL Bitcoin.

We always suggest to HODL Bitcoin to all people because we know that Bitcoin can give a big profit in the future.

According to @Wind_FURY becoming a pleb literally means an average income earner, in this case trying to diversify one's investment as a pleb should not be recommended. An average income earner has little after much separation of funds for his survival then in what amount can he split up the money to invest. His solid interest should be to maximize his ROI dependetly on one investment that is worth the risk.

As a pleb, it will be much convenient to hold Bitcoin instead of any other substitute due to the motion of continuity and good amount of profit as long we continue to hold.

The reason to NOT diversify when you don't have very much investment tends to revolve around that it is not necessary.

The reason that people tend to diversify is to take risk out of their holdings, especially if the size of their investment portfolio starts to grow to significant sizes, so if you are just starting out you may well not need to diversify, and also you may not need to diversify beyond cash and bitcoin until after you might build your BTC investment up to a size that you start to feel uncomfortable having too much in bitcoin and/or cash and nothing else... but there are some folks who choose not to diversify beyond bitcoin and cash, and that is not completely wrong, even though it could have some problems by not having a bit more value spread out, especially once your investment portfolio might start to become the size of several years of your income/expenses.

In the bitcoin (and/or crypto) space, the use of the term "diversify" is frequently used to wrongly proclaim that people need to get into shitcoins, and sometimes it is misleading in regards to the concept of diversifying across asset classes rather than within the same asset class, which surely in the "cryptospace" bitcoin is the leading asset so it hardly makes any sense to diversify within the asset class to other assets within the same class, unless you might want to limit such exposure to a small amount .. or maybe if you are just distracted and you don't know what the fuck is bitcoin, then you might conclude that there is some value in buying shitcoins.

Another misleading part of diversification seems to be that some folks want to argue diversification for the mere sake of diversifying, but they have no clue about the reason why they are diversifying, and if they end up doiong that, then likely they are just diluting their investment, and it is worse in the case of people who might not have a lot that they are able to invest... so if those people with small amounts to invest end up diversifying (or overly diversifying) then they are not able to advantage for their knowing a good asset such as bitcoin and they end up not putting enough into bitcoin and putting way too much into crap and they are not starting out with much value in the first place.. whether we are talking about $10 per week or $100 per week or some other relatively small value amount.

What I think is newbies in particular should stay clear from gambling practices and if they must it should be after at least 4-5 years of accumulation before they think of such, earlier in this thread when @JayJuanGee explained it to me he was talking about more matured investors should be the once to allocate like 10% of their holdings to such practices not newbies who just want to start investing.

It may well become the case that if you spend 4-5 years accumulating bitcoin or otherwise investing responsible, you might not even want to put any of your investment at risk because you come to realize that it takes a long time to build up your investment portfolio, so why screw around with parts of it.. even 10% is going to seem like way too much to put at risk.  

[JayJuanGee]

Per your request (@Pi-network314159) I am positing my response here.

Since the thread in which I was posting/responding was locked, I am going to post my response here, in this lovely thread, and I will also invite Pi-network314159 to look at my response in this thread and decide whether he is going to respond further.

it's my pleasure and honour being invited here, but after this reply I would like the conversation to continue in this post.

I agree that the general idea of applying DCA to BTC accumulation would be to attempt to both invest in bitcoin on a regular basis and to customize your style/approach to your own financial circumstances and/or budget.

that is correct, because to get acostomed to DCA one needs to invest on a regular basis. and that is basically the secret of getting a better style or approach, but the fact still remain that no matter how we get better style , sometimes investment strategy changes expecially when there is no steady income generation. may be when salary job is terminated, it will definitely affect the DCA strategy making it a little bit slower than expected or any other unforseen circumstances. 

I would expect that if we are investing rather than gambling, then we would be mostly sticking within our disposable income, absent if we have some other assets or reserve funds that we would want to transfer or reallocate into bitcoin.

So yeah if you income dries up or your expenses go higher than your income, then by definition you would have no more disposable income, so you would ONLY be able to continue to invest into BTC if you happen to have some reserve funds.. and not necessarily emergency funds unless you were to know that your loss of income were only very temporary so that you would be able to replace your emergency funds in a relatively prompt timeline.

but definitely there is always a way out maybe pausing the investment or reducing the investment plan by rearranging the statistical data analysis which have been programmed on DCA.

Of course, the better that anyone is able to manage their finances and to have various sources of funds, then the more options he is going to have, yet there would still be some restrictions that may well fall under basic rules in which the income should be higher than the expenses.. so yeah sometimes there can be temporary circumstances that might call for temporary adjustments, but if a person is sloppy in terms of his finances he might end up devolving into gambling rather than investing and he might still call it investing even though it is gambling... so yeah, how responsible or irresponsible a person is can end up affecting results.. or affecting options that are available.

I also see that the best way to achieve this DCA strategy is to have a  Private/self employed business, because that is the only way we can achieve our table lay down.

You are merely referring to a kind of source of income that may or may not be a good idea. It is not obvious that private/self employment is either better than working for someone else or finding ways to increase income by working for someone else.

I am not opposed to the idea, but sometimes there can be some businesses that are capital intensive and others that are labor intensive, and so there might also be a lot of variance based on skill sets that a person has, and so the answers are not obvious, even if the ideas of increasing cashflow or even cutting expenses could be ways to increase disposable income and increasing income might be more practical than cutting expenses, yet even that is not going to be clear just from abstractly thinking about it.. because there is going to be personal variance.

So within any DCA approach, you can choose the extent to which you want to be aggressive or whimpy, and whether you are aggressive or whimpy, you should still be able to manage other aspects of your budgeting which would be making sure that your expenses are below your income and/or managing your emergency funds, reserve funds and/or float.  The mere fact that you are aggressive does not mean that you would necessarily end up being sloppy in gterms of managing various aspects of your budget.

for me being aggressive should be focused on when you have a higher paying job and being Wimpy when you have no job to back you up in the journey.

You might not be wrong, but I think that I am using the ideas of whimpy and aggressively a bit differently from you. 

Sure you might have a high paying job that gives you a lot of disposable income or you might have a low paying job that does not give you a lot of disposable income, yet we could compare two kinds of people who might fit in the same level of income and one might choose to allocate a higher percentage of his disposable income to bitcoin and so that would be the aggressive one, and the other may decide to allocate a low level of his income to bitcoin and that guy would be the whimpy one.. at least under my ways of trying to use those terms.

I believe someone who has a higher earning with aggressive investment can DCA big fund weekly, and take care of his other responsibilities and have a better emergency fund except the person is a careless or an extravagant spender otherwise there is no point of have a bigger fund and yet lack a better strategic plan.

Sure some people are sloppy than others in terms of their organizational skills and their staying within a budget, and so a sloppy person will be less able to afford being aggressive because he does not have his shit together as much as the less sloppy and more organized person.

Some things are more within our control than other things, but we can still try to plan around things that vary every month and things that are consistent and we can sometimes make efforts to increase our income or decrease or expenses.. .. and sometimes the solution might not be clear because we might consider that if we attend a 8 week training course for some job related skill then we might be able to increase our income 10 weeks later.. 

although sometimes peop with high earning are always tempted to spend alot I must confess. you know they say when your money is big your responsibility also increase along with your current financial status. it only takes self decipline to control the urge of excessive or extravagant spending.

You are not going to get any disagreement with me on those points.

The tool does not become less valuable merely because I was the one that inputted the data and created the assumptions versus some other person could make better or worse assumptions, so the mere fact that such a tool is available does not assume that it will be used well or that my way of using it is not any good for me, whether I turn out to be correct in my assumptions or not, it could still be helpful to go through such exercises.. but it also might be a big waste of time for some folks who might be served better by using their skills and their thought process in other ways... Another thing is that it may or may not be helpful if the person using the tool is failing/refusing to attempt to match the knowledge and/or theory with putting some variation of the framework into action... When a person puts some of these ideas into practice the ideas may well end up informing the practice and the theory, so the whole process of putting the theory to action can help to better inform any person who is trying to improve himself and/or his circumstances through the use of these kinds of tools.

you are also correct. setting the table by yourself doest to implies that it is not good for you, each individual has a way of doing theirs but definitely the Wimpy ones will alway find a way of criticising the table in other no to follow a rightful part but that doesn't change any fact because it is an individual race and doesn't require any body to like it or not.

Well some people might have other priorities, so we might label them as being whimpy in regards to bitcoin yet they might be aggressive in some other kind of hobby or investment that they have.  So if we are talking about bitcoin, we might suggest that they get their priorities straight and to prioritize bitcoin more, yet people are going to see their priorities int eh way that they choose and we may or may not be able to change how much emphasis they decide to give to bitcoin versus other competing interests that they might have going on.

Surely bitcoin is not an obvious place to put your time, energies and value, and part of the evidence for that is because an overwhelming majority of the world's population is underinvested (or not invested at all in bitcoin), and it well could be close to 99% of the world who is not invested or underinvested into bitcoin. 

Sure adoption has been increasing, but at the same time, the adoption of bitcoin may be coming more from a smaller number of individuals, institutions and governments who are investing BIG, and the overwhelming rest of the population remains whimpy in their own choices not to invest at all, so even if some of us are whimpy, we are still likely going to be way ahead of the overwhelming majority of folks who are either not invested at all or have even more whimpy levels of investment than us...

so maybe in that sense, whimpiness can be relative in the comparison to others and it can be relative to our own budgets. .and one of the positive aspects of bitcoin seeming to be such a great asymmetric bet to the upside is that even historically whimpy investors into bitcoin have done quite well as long as they errored on the side of buying, not selling and mostly holding, even if they might not have bought a lot.. Of course, if they were whimpy, they could have had been more aggressive in their approach in investing into BTC, but frequently they would not realize that they were too whimpy until much later down the road when bitcoin had ended up doing multitudes, if not magnitudes of price appreciation..

the reason many people put their blame on some unnecessary things is because of there inability to to program a table and follow it subsequently without failing.

The table can point out one potential path; however, at the same time, the person who might have created a table or a variety of tables, may well need to make adjustments along the way that might involve changes in his investment amounts and/or changes in his expectations regarding BTC's price performance or other parts of the economy or even regarding his own abilities to contribute and at what rate.

and when dey do it based on anytime any day or always wanting btc to dip, dey become tired and wanting to call it a quit and also planing to sell of the little generated btc.

Sure people are like that, and sometimes there might be overinvestment that causes those kinds of backing out.. or there can be changes in views about the future of bitcoin.

Sure many of us longer term bitcoiners might already made those mistakes or we might have learned to not do that.  We cannot really convince someone to stick with their plan, and sometimes it might be better to abandon the plan rather than sticking with it.

[Tmoonz]

  We are analyzing the price change of Bitcoin, we determine when the right time for buying Bitcoin. I think it is the point of this thread. CMIIW

 Mate, I totally disagree with you on this, and that really sound mixed up regarding to the concept of this thread, thou am new but have been observant to an extend and am also opened for corrections if am wrong about this,  the topic of discussion is based upon a presumption of various strategies of accumulating Bitcoin for long term holding or investment plan of about 4 to 10 years or even longer which creates a better opportunity of experiencing compounding of your invested value. Purchase can be made through dca (installment buying on intervals) or lump sum(buying at once or in bulk) where the dip should be seen as an advantage of accumulating more Bitcoin in your portfolio. Secondly, talking about when the right time for buying Bitcoin has also been addressed @JJG that the first right time was yesterday and the second right or best time is today and this brings to every Bitcoin antispator that procrastination ever buying Bitcoin or the person asking on the right time to buy that the right time is never tomorrow.

Even if am not that correct in my expression but i don't think what @lalabotax said above is actually the point of this thread. We are not analyzing price change of Bitcoin neither are we talking about when the right time to buy Bitcoin, rather what we are talking is the various strategies of accumulating Bitcoin and hodl for long term purposes.