Buy the DIP, and HODL!

[Yamifoud]

Even a rich man cannot own bitcoins if he doesn't have the power to hold bitcoins. On the other hand, relatively low-income people also gain the ability to hold Bitcoins. Here the importance of having a good understanding about Bitcoin is immense. Also, it is easy to invest in Bitcoin for those who have financial ability. Investors who regularly follow DCA will be able to realise their desired goals as the Bitcoin price rises. No one who has been a Bitcoin investor so far is harmed if they are able to hold their Bitcoins. Holders of Bitcoins can certainly get the ATH of Bitcoin as well as the DIP. But finding the Bitcoin Deep is truly a matter of luck for many.

Whether you are rich or poor, investing in Bitcoin depends on your interest. Yes, we can't force rich people to invest even if they have the capacity and of course, they will never look into that if they know themselves they can't manage. The same thing with poor people. Maybe we can see that more poor and average people are buying Bitcoin (DCA) but guess what, these are the people who easily got FOMO and sold their coins early while rich and big investors remain calm.

To be a Bitcoin holder it's not how much investment he has, I think it's how much he believes in Bitcoin that is the matter.

TRUST is very important here. We encourage ourselves to hold and wait for the ATH because we believe that Bitcoin will never disappoint us and trust that it will stay long and continue to increase.

[1714674053]

1714674053

[1714674053]

1714674053

[1714674053]

1714674053

[1714674053]

1714674053

[FinePoine0]

The market is diving lower and the opportunity for human capital has been created. Those who were waiting for the dumping market, the dumping market is here, now you can invest from the dumping market. I increased the investment using the DCA method and waited for the dumping market to invest by buying more bitcoins, currently in the dumping market I made myself invested if the market dumped a little more I would buy bitcoins and hold it. Maybe this is the last dumping before the bull market so no one should miss this dumping market to invest.

Yes the market is correcting now but Bitcoin price has been fluctuating continuously for days. Even if the price of Bitcoin falls, it will not affect the investment in the DCA method, because in the DCA method, Bitcoin can be purchased at any time at any price. However, when the price of Bitcoin falls, one advantage for those who invest in the DCA method is that they can buy slightly more Bitcoin with the same amount of money. However, this may be an opportunity for those who want to start investing when the price of Bitcoin falls.

If you notice one thing, you prove that it is profitable to invest when the price of Bitcoin drops. But should I stop investing in the DCA method if Bitcoin price drops? No, I will continue to invest Bitcoin regularly. The DCA method of investing means controlling the average price regardless of whether the price of Bitcoin is up or down. The DCA method will save 10% to 15% of Bitcoin price at the average price control rate if there is a specific mechanism to continue investing. Investing in DC method can be beneficial from two sides.

[Hewlet]

Holders of Bitcoins can certainly get the ATH of Bitcoin as well as the DIP. But finding the Bitcoin Deep is truly a matter of luck for many. To be a Bitcoin holder it's not how much investment he has, I think it's how much he believes in Bitcoin that is the matter.

if you had changed the last part of your statement, maybe you should have made a little sense but what you said here, you've not made the right statement.

Believing in Bitcoin is good but what's the essence of believing in Bitcoin without having much investment? How much investment you have is very important and it's absolutely more importantly than what you believe. That you have investment much into Bitcoin suggests that you believe in Bitcoin and what you're trying to say in the religion sense could be compared to mere having faith without putting in the needed work. Just like faith without work is dead, having a strong believe and hope in Bitcoin without investing much into Bitcoin is literally waste of knowledge, fake believe and wouldn't do you any good.

[Frankolala]

Holders of Bitcoins can certainly get the ATH of Bitcoin as well as the DIP. But finding the Bitcoin Deep is truly a matter of luck for many. To be a Bitcoin holder it's not how much investment he has, I think it's how much he believes in Bitcoin that is the matter.

if you had changed the last part of your statement, maybe you should have made a little sense but what you said here, you've not made the right statement.

Believing in Bitcoin is good but what's the essence of believing in Bitcoin without having much investment? How much investment you have is very important and it's absolutely more importantly than what you believe. That you have investment much into Bitcoin suggests that you believe in Bitcoin and what you're trying to say in the religion sense could be compared to mere having faith without putting in the needed work. Just like faith without work is dead, having a strong believe and hope in Bitcoin without investing much into Bitcoin is literally waste of knowledge, fake believe and wouldn't do you any good.

I understand what you mean @Hewlet, but I think that Rabata is also right too. This is because cause it is when you believe in bitcoin that it can be a safe haven tomorrow, or that you can use it to turn your future around that will enable to hodli for a very long time, or even use it as part of your life. Now there are two scenario for you to look into.

The early investors, Mr A was opportune to buy bitcoin for as low as $100, because he did not understand the potential of bitcoin, and much believe in it, but he was able to buy 10BTC at that time. As time passes by he saw that bitcoin price is increasing with time line, and he sold when bitcoin was $1000, believing that he have hit the jackpot, forgetting that for bitcoin price to reach 1000k, that bitcoin is capable of reaching $10000 and higher, because he didn't have the strong believe in bitcoin, currently such investor will be regretting that he sold too quick. Same happens to people who see bitcoin as something that is worth hodling for short periods of time like 4yrs and they sell off to take profit. He don't believe in the future of bitcoin if not they will hodli for a longer time.

Now Mr B, also bought 10BTC when bitcoin price was $100,because he sees bitcoin as a very precious investment, because he believes that bitcoin price will be more valuable in future, and when bitcoin price was 1000k he didn't sell any bitcoin but rather continue holdi because he believes that for bitcoin to reach that high price, in future bitcoin can hit 100k price. No matter the challenges that Mr B has passed through based on FUD, FOMO. He was still strong enough to overcome them and hodli because he believes in bitcoin.

It is when you believe in bitcoin that you can be able to increase your bitcoin size and hodli for a very long time. Laszlo would not use 10000BTC to pay 2 papa John's pizza.

[arjunmujay]

Investment requires  determination  and dedication because to have efficient investment you must sacrifice many things and deprive yourself from some luxury lifestyles which many people cannot persever. The major problem some people are having in Bitcoin investment is not just capital but the adequate knowledge of the process and how the system work.
Bitcoin is a digital currency which most of the investors does not have control over the system, so most people that doesn't have the adequate knowledge of it and the orientation are still afraid to make a huge investment in Bitcoin believing it to be a Ponzi scheme that has the tendency of crashing any day  thereby making people to loose their hard earn money.

depriving oneself from luxury lifestyles inorder to Stash more Bitcoin is a smart move, because if you start stashing more bitcoin now and HODL in a long run , would give you a life far more better than living a luxury lifestyles now. So bitcoin investment is all about work hard now and enjoy the fruits of your labour later.

While those that still having that thought of bitcoin being a Ponzi scheme would keep on missing such opportunities, because they don't wanna learn , that's how alot of individuals back then may have also have same mindset thinking bitcoin is a Ponzi scheme and would crash soon when it value was still around $1k , but through those years bitcoin kept proving them wrong and now Bitcoin just recently hit a new ATH (which Is around $73k ) not quite long. You can see the tremendous growth and we believe bitcoin would still keep on proving them wrong , when it keep going up.

Ponzi schemes usually don't last too long. So that can be a benchmark to offer to people who still think Bitcoin is an investment that uses a Ponzi scheme.
as you said we can provide real evidence of the price of bitcoin when it was still $1K until now. or if necessary, you can use data from the first halving to the last halving next month. how does the price of bitcoin increase from each halving or from year to year. of course they will see clearly that this is real and not a ponzi scheme as they say.

I really don't think that is necessary by going the extra miles in explanation and even providing data to back up your claim that Bitcoin is not a Ponzi scheme, I don't think it's necessary, to me it's only people that are misinformed or uninformed that will take Bitcoin as a Ponzi scheme in today's world that technology and civilization have practically taken over everything,  so to me, anyone that fail to see the light, let him be, don't try to over talk someone into Bitcoin investment, so you wouldn't be seen as a fraudster.

for those of us who don't care about bitcoin in the future, or just want to enrich ourselves with bitcoin, maybe we can say something like that.
but would it be better if we could straighten out something wrong about bitcoin. especially those of us who have enjoyed the benefits of investing here. Sharing knowledge will also have a positive impact on people's views about Bitcoin. and isn't that what we want, Bitcoin is more widely known so it can attract more investors to join here. If many people join and know more about Bitcoin investment, it will also affect the value of Bitcoin itself.

[Popkon6]

Investment requires  determination  and dedication because to have efficient investment you must sacrifice many things and deprive yourself from some luxury lifestyles which many people cannot persever. The major problem some people are having in Bitcoin investment is not just capital but the adequate knowledge of the process and how the system work.
Bitcoin is a digital currency which most of the investors does not have control over the system, so most people that doesn't have the adequate knowledge of it and the orientation are still afraid to make a huge investment in Bitcoin believing it to be a Ponzi scheme that has the tendency of crashing any day  thereby making people to loose their hard earn money.

depriving oneself from luxury lifestyles inorder to Stash more Bitcoin is a smart move, because if you start stashing more bitcoin now and HODL in a long run , would give you a life far more better than living a luxury lifestyles now. So bitcoin investment is all about work hard now and enjoy the fruits of your labour later.

While those that still having that thought of bitcoin being a Ponzi scheme would keep on missing such opportunities, because they don't wanna learn , that's how alot of individuals back then may have also have same mindset thinking bitcoin is a Ponzi scheme and would crash soon when it value was still around $1k , but through those years bitcoin kept proving them wrong and now Bitcoin just recently hit a new ATH (which Is around $73k ) not quite long. You can see the tremendous growth and we believe bitcoin would still keep on proving them wrong , when it keep going up.

Ponzi schemes usually don't last too long. So that can be a benchmark to offer to people who still think Bitcoin is an investment that uses a Ponzi scheme.
as you said we can provide real evidence of the price of bitcoin when it was still $1K until now. or if necessary, you can use data from the first halving to the last halving next month. how does the price of bitcoin increase from each halving or from year to year. of course they will see clearly that this is real and not a ponzi scheme as they say.

I really don't think that is necessary by going the extra miles in explanation and even providing data to back up your claim that Bitcoin is not a Ponzi scheme, I don't think it's necessary, to me it's only people that are misinformed or uninformed that will take Bitcoin as a Ponzi scheme in today's world that technology and civilization have practically taken over everything,  so to me, anyone that fail to see the light, let him be, don't try to over talk someone into Bitcoin investment, so you wouldn't be seen as a fraudster.

for those of us who don't care about bitcoin in the future, or just want to enrich ourselves with bitcoin, maybe we can say something like that.
but would it be better if we could straighten out something wrong about bitcoin. especially those of us who have enjoyed the benefits of investing here. Sharing knowledge will also have a positive impact on people's views about Bitcoin. and isn't that what we want, Bitcoin is more widely known so it can attract more investors to join here. If many people join and know more about Bitcoin investment, it will also affect the value of Bitcoin itself.

If we can talk to friends and neighbors in the real world who are the same age as we usually are here, it will certainly be richer. It is possible to expand the promotion of Bitcoin only through discussion and advertising. Especially I discuss ATCA method very seriously, how to make my investment for a long term. From here I get the most advice from different mediums and from JJG, on how I can invest long-term and be successful.

[I_Anime]

Investment requires  determination  and dedication because to have efficient investment you must sacrifice many things and deprive yourself from some luxury lifestyles which many people cannot persever. The major problem some people are having in Bitcoin investment is not just capital but the adequate knowledge of the process and how the system work.
Bitcoin is a digital currency which most of the investors does not have control over the system, so most people that doesn't have the adequate knowledge of it and the orientation are still afraid to make a huge investment in Bitcoin believing it to be a Ponzi scheme that has the tendency of crashing any day  thereby making people to loose their hard earn money.

depriving oneself from luxury lifestyles inorder to Stash more Bitcoin is a smart move, because if you start stashing more bitcoin now and HODL in a long run , would give you a life far more better than living a luxury lifestyles now. So bitcoin investment is all about work hard now and enjoy the fruits of your labour later.

While those that still having that thought of bitcoin being a Ponzi scheme would keep on missing such opportunities, because they don't wanna learn , that's how alot of individuals back then may have also have same mindset thinking bitcoin is a Ponzi scheme and would crash soon when it value was still around $1k , but through those years bitcoin kept proving them wrong and now Bitcoin just recently hit a new ATH (which Is around $73k ) not quite long. You can see the tremendous growth and we believe bitcoin would still keep on proving them wrong , when it keep going up.

Ponzi schemes usually don't last too long. So that can be a benchmark to offer to people who still think Bitcoin is an investment that uses a Ponzi scheme.
as you said we can provide real evidence of the price of bitcoin when it was still $1K until now. or if necessary, you can use data from the first halving to the last halving next month. how does the price of bitcoin increase from each halving or from year to year. of course they will see clearly that this is real and not a ponzi scheme as they say.

I really don't think that is necessary by going the extra miles in explanation and even providing data to back up your claim that Bitcoin is not a Ponzi scheme, I don't think it's necessary, to me it's only people that are misinformed or uninformed that will take Bitcoin as a Ponzi scheme in today's world that technology and civilization have practically taken over everything,  so to me, anyone that fail to see the light, let him be, don't try to over talk someone into Bitcoin investment, so you wouldn't be seen as a fraudster.

for those of us who don't care about bitcoin in the future, or just want to enrich ourselves with bitcoin, maybe we can say something like that.
but would it be better if we could straighten out something wrong about bitcoin. especially those of us who have enjoyed the benefits of investing here. Sharing knowledge will also have a positive impact on people's views about Bitcoin. and isn't that what we want, Bitcoin is more widely known so it can attract more investors to join here. If many people join and know more about Bitcoin investment, it will also affect the value of Bitcoin itself.

If we can talk to friends and neighbors in the real world who are the same age as we usually are here, it will certainly be richer. It is possible to expand the promotion of Bitcoin only through discussion and advertising. Especially I discuss ATCA method very seriously, how to make my investment for a long term. From here I get the most advice from different mediums and from JJG, on how I can invest long-term and be successful.

yeah you are right, a friend mine told me his interested in investing in Bitcoin. I was surprised because being long have been trying to convinced him but he kept doubting the growth of bitcoin, I guess due to the recent growth bitcoin undergo lately he as seen some beauty in it which lead him in researching more about bitcoin. So he was like he wanted invest a certain amount of money in Bitcoin so I told him that is a good plan and a nice start up . But I told him not to go all in at once because of the recent increase in price , so I told him to start with some DCAing strategy first ( have to explain how DCAing works) and he should keep some reserve funds for buying the dip, so he was excited about it, that with such strategy he would have enough time to gather some good amount of money for the DCAing (weekly), then he told me that on Sunday (which is tomorrow)  am going to put him through on how to buy and all that , I was really glad seeing my friend finally taken action in accumulating Bitcoin, and thanks to this thread I would be able to put him through on how investing in Bitcoin works. So I would keep on learning so that I still will be able to impact on others.

[Taskford]

The market is diving lower and the opportunity for human capital has been created. Those who were waiting for the dumping market, the dumping market is here, now you can invest from the dumping market. I increased the investment using the DCA method and waited for the dumping market to invest by buying more bitcoins, currently in the dumping market I made myself invested if the market dumped a little more I would buy bitcoins and hold it. Maybe this is the last dumping before the bull market so no one should miss this dumping market to invest.

Yes the market is correcting now but Bitcoin price has been fluctuating continuously for days. Even if the price of Bitcoin falls, it will not affect the investment in the DCA method, because in the DCA method, Bitcoin can be purchased at any time at any price. However, when the price of Bitcoin falls, one advantage for those who invest in the DCA method is that they can buy slightly more Bitcoin with the same amount of money. However, this may be an opportunity for those who want to start investing when the price of Bitcoin falls.

If you notice one thing, you prove that it is profitable to invest when the price of Bitcoin drops. But should I stop investing in the DCA method if Bitcoin price drops? No, I will continue to invest Bitcoin regularly. The DCA method of investing means controlling the average price regardless of whether the price of Bitcoin is up or down. The DCA method will save 10% to 15% of Bitcoin price at the average price control rate if there is a specific mechanism to continue investing. Investing in DC method can be beneficial from two sides.

There's no point to stop since your intention is for long term and not for short term gains. If you only hold for short while then sell because you think you already see the ATH then that's somehow can be called as trading. If you can't handle it well because you are afraid to lose your money when correction came then better comeback next time and gain a lot of knowledge or when you are ready since if you really aim to hodl for long term for sure any market situation cannot affect your decision and you can accumulate bitcoin at whatever price it is. There's a lot of information to gather here and for sure those opinion and guidance of people with great minds to hold for future can really help those people to know more about what they are trying to do and can set their own targets or plan for future.

[Tmoonz]

Investment requires  determination  and dedication because to have efficient investment you must sacrifice many things and deprive yourself from some luxury lifestyles which many people cannot persever. The major problem some people are having in Bitcoin investment is not just capital but the adequate knowledge of the process and how the system work.
Bitcoin is a digital currency which most of the investors does not have control over the system, so most people that doesn't have the adequate knowledge of it and the orientation are still afraid to make a huge investment in Bitcoin believing it to be a Ponzi scheme that has the tendency of crashing any day  thereby making people to loose their hard earn money.

depriving oneself from luxury lifestyles inorder to Stash more Bitcoin is a smart move, because if you start stashing more bitcoin now and HODL in a long run , would give you a life far more better than living a luxury lifestyles now. So bitcoin investment is all about work hard now and enjoy the fruits of your labour later.

While those that still having that thought of bitcoin being a Ponzi scheme would keep on missing such opportunities, because they don't wanna learn , that's how alot of individuals back then may have also have same mindset thinking bitcoin is a Ponzi scheme and would crash soon when it value was still around $1k , but through those years bitcoin kept proving them wrong and now Bitcoin just recently hit a new ATH (which Is around $73k ) not quite long. You can see the tremendous growth and we believe bitcoin would still keep on proving them wrong , when it keep going up.

Ponzi schemes usually don't last too long. So that can be a benchmark to offer to people who still think Bitcoin is an investment that uses a Ponzi scheme.
as you said we can provide real evidence of the price of bitcoin when it was still $1K until now. or if necessary, you can use data from the first halving to the last halving next month. how does the price of bitcoin increase from each halving or from year to year. of course they will see clearly that this is real and not a ponzi scheme as they say.

I really don't think that is necessary by going the extra miles in explanation and even providing data to back up your claim that Bitcoin is not a Ponzi scheme, I don't think it's necessary, to me it's only people that are misinformed or uninformed that will take Bitcoin as a Ponzi scheme in today's world that technology and civilization have practically taken over everything,  so to me, anyone that fail to see the light, let him be, don't try to over talk someone into Bitcoin investment, so you wouldn't be seen as a fraudster.

for those of us who don't care about bitcoin in the future, or just want to enrich ourselves with bitcoin, maybe we can say something like that.
but would it be better if we could straighten out something wrong about bitcoin. especially those of us who have enjoyed the benefits of investing here. Sharing knowledge will also have a positive impact on people's views about Bitcoin. and isn't that what we want, Bitcoin is more widely known so it can attract more investors to join here. If many people join and know more about Bitcoin investment, it will also affect the value of Bitcoin itself.

If we can talk to friends and neighbors in the real world who are the same age as we usually are here, it will certainly be richer. It is possible to expand the promotion of Bitcoin only through discussion and advertising. Especially I discuss ATCA method very seriously, how to make my investment for a long term. From here I get the most advice from different mediums and from JJG, on how I can invest long-term and be successful.

Bitcoin does not necessarily need advertisment because when something is too good it can't be hidden, it is a choice to either invest in Bitcoin or not, advertising Bitcoin now is not something to be bothered about because it has pass that stage  and has gotten the recognition needed . Investing in Bitcoin should become more of self convinction and not because it is what every body is doing or talking about, who will invest will invest and who will not invest will not invest irrespective of how much discussion and adverts.

[I_Anime]

Investment requires  determination  and dedication because to have efficient investment you must sacrifice many things and deprive yourself from some luxury lifestyles which many people cannot persever. The major problem some people are having in Bitcoin investment is not just capital but the adequate knowledge of the process and how the system work.
Bitcoin is a digital currency which most of the investors does not have control over the system, so most people that doesn't have the adequate knowledge of it and the orientation are still afraid to make a huge investment in Bitcoin believing it to be a Ponzi scheme that has the tendency of crashing any day  thereby making people to loose their hard earn money.

depriving oneself from luxury lifestyles inorder to Stash more Bitcoin is a smart move, because if you start stashing more bitcoin now and HODL in a long run , would give you a life far more better than living a luxury lifestyles now. So bitcoin investment is all about work hard now and enjoy the fruits of your labour later.

While those that still having that thought of bitcoin being a Ponzi scheme would keep on missing such opportunities, because they don't wanna learn , that's how alot of individuals back then may have also have same mindset thinking bitcoin is a Ponzi scheme and would crash soon when it value was still around $1k , but through those years bitcoin kept proving them wrong and now Bitcoin just recently hit a new ATH (which Is around $73k ) not quite long. You can see the tremendous growth and we believe bitcoin would still keep on proving them wrong , when it keep going up.

Ponzi schemes usually don't last too long. So that can be a benchmark to offer to people who still think Bitcoin is an investment that uses a Ponzi scheme.
as you said we can provide real evidence of the price of bitcoin when it was still $1K until now. or if necessary, you can use data from the first halving to the last halving next month. how does the price of bitcoin increase from each halving or from year to year. of course they will see clearly that this is real and not a ponzi scheme as they say.

I really don't think that is necessary by going the extra miles in explanation and even providing data to back up your claim that Bitcoin is not a Ponzi scheme, I don't think it's necessary, to me it's only people that are misinformed or uninformed that will take Bitcoin as a Ponzi scheme in today's world that technology and civilization have practically taken over everything,  so to me, anyone that fail to see the light, let him be, don't try to over talk someone into Bitcoin investment, so you wouldn't be seen as a fraudster.

for those of us who don't care about bitcoin in the future, or just want to enrich ourselves with bitcoin, maybe we can say something like that.
but would it be better if we could straighten out something wrong about bitcoin. especially those of us who have enjoyed the benefits of investing here. Sharing knowledge will also have a positive impact on people's views about Bitcoin. and isn't that what we want, Bitcoin is more widely known so it can attract more investors to join here. If many people join and know more about Bitcoin investment, it will also affect the value of Bitcoin itself.

If we can talk to friends and neighbors in the real world who are the same age as we usually are here, it will certainly be richer. It is possible to expand the promotion of Bitcoin only through discussion and advertising. Especially I discuss ATCA method very seriously, how to make my investment for a long term. From here I get the most advice from different mediums and from JJG, on how I can invest long-term and be successful.

Bitcoin does not necessarily need advertisment because when something is too good it can't be hidden, it is a choice to either invest in Bitcoin or not, advertising Bitcoin now is not something to be bothered about because it has pass that stage  and has gotten the recognition needed . Investing in Bitcoin should become more of self convinction and not because it is what every body is doing or talking about, who will invest will invest and who will not invest will not invest irrespective of how much discussion and adverts.

I understand what you are trying to say, but there's no harm in telling those that are close to you that don't have much idea about Bitcoin, the beauty of investing in it,  alot of people are out there that are ready to grab this great opportunity in investing in Bitcoin but they have no one to put them through or direct them without misleading them. So is meant for us that have some idea about this space to put people like that through, if they came to us with the interest wanting to know more about this space and how it works. We don't have to start advertising it nahhh , there's no need for that bitcoin itself is good at telling the world am worth investing on. And investing in it is ones choice no one have to force any one to invest .

[Troytech]

.....One must have a plan where he must gather bitcoins before he start thinking to sell some of his holdings. How many Bitcoins are sufficent is a subjective question. So some people 100 Bitcoins are low while for many getting even 1 bitcoin is difficult.

I would suggest that how many BTC is not completely subjective  - even though it is based on the setting of subjective goals... So if someone might tell you what his goals are, then you would likely be able to determine a quantity of BTC that would likely satisfy the goal.

So for example, if a guy tells you that in 10 years, he would like to be able to have a monthly income of $5k without having to do any work - beyond just keeping track of his various accounts...   Then at that point you have some ideas of an approximate number of coins that the guy might need to work towards getting, and I would say that if he works towards getting close to 5 BTC for the middle of 2034, then that would likely be more than enough to meet his goals... and perhaps even 3-4 BTC might be enough... yet we cannot really know, so then he should work towards getting to 5 BTC within the next 10 years.. which may or may not be doable for all people, and if it is not doable.

Then if he changes his goal to the same kind of idea of cashflow, but with a back up target for 15 years, then I would suggest that by mid-2039, then he is likely ONLY going to need around 2.5 BTC by mid-2039 in order to reach that same objective of having a monthly income of right around $5k.. so then he has something that he believes that he might be able to reach, and if he speculates that inflation might eat away the targets, then surely maybe he could try to shoot for more BTC and to have some cushion in his goals, and so we can largely ONLY attempt to give some directional guidelines that might need to be adjusted with the passage of time...yet I would still suggest that aggressive accumulation of bitcoin should be part of the formula, and the details can be tweaked at various points along the way.

$5K is a huge amount for people living in country like mine i.e. Pakistan. Those who are in developed country like Europe or USA can have the luxury of having such high income per month but only few one here can have that much high income. Here average salary per month is 300$. So defiantly I can't go with this plan.
But having less income doesn't mean that people like me have no place in Bitcoin. The beauty of Bitcoin is that it's open for everyone. There are billions of people in the world who are not in banking system due to various reasons and Bitcoin allows all such people to have there bank account where they have complete control over there money.  
Having said that I do agree that the person having $5k income per month can have 5 BTC in next 10 years. One thing I should add is that we dont know what Bitcoin price will be in coming months. What we have seen so far is that there are dip's after every ATH. In Nov 2021 we saw an ATH of around $67K but then few months later we saw Bitcoin going down below $20k. So if someone is accumulating Bitcoins by investing $5k monthly into Bitcoin then he might end up getting more then 5 Bitcoins after 10 years if Bitcoin keep taking big dips.  

Even a rich man cannot own bitcoins if he doesn't have the power to hold bitcoins. On the other hand, relatively low-income people also gain the ability to hold Bitcoins. Here the importance of having a good understanding about Bitcoin is immense. Also, it is easy to invest in Bitcoin for those who have financial ability. Investors who regularly follow DCA will be able to realise their desired goals as the Bitcoin price rises. No one who has been a Bitcoin investor so far is harmed if they are able to hold their Bitcoins. Holders of Bitcoins can certainly get the ATH of Bitcoin as well as the DIP. But finding the Bitcoin Deep is truly a matter of luck for many. To be a Bitcoin holder it's not how much investment he has, I think it's how much he believes in Bitcoin that is the matter.

Anyone can buy bitcoin whether they are weak hands who would sell with just one news that would cause panic or strong hands that would never sell unless when necessary or at their own choosing, the difference is just the discipline they have and the amount of believe they have in bitcoin, I'll like to explain it this way, a parent would give birth to a child feed him, train him, bail him out in his trouble times and give him everything he needs untill he teaches a certain age without knowing if that child would end up a failure or a big success and the reason that patent continues to groom that child irrespective of the future was cause they believed in their seed.

Now many people get into bitcoin cause of they profits coming coming from the bull, some don't even know the workings of bitcoin, they have not read a single article about it they just bought Bitcoin and after the bull they sell of everything and claim the profits or some did not sell and the bear hits them and they sell at a loss, while others have done quite some research and have come to a personal conclusion that bitcoin is a good investment and its worth holding, amongst this two only the other that has done research and have gotten to believe in bitcoin can truly hold without panic about selling and even every holder needs more time to grow in discipline but he now has the foundation which is personal believe and knowledge about bitcoin.

You would never trust what you dont know and that is fact, you won't be holding bitcoin right now if you didn't have a % of trust in it.

[Moreno233]

Bitcoin does not necessarily need advertisment because when something is too good it can't be hidden, it is a choice to either invest in Bitcoin or not, advertising Bitcoin now is not something to be bothered about because it has pass that stage  and has gotten the recognition needed . Investing in Bitcoin should become more of self convinction and not because it is what every body is doing or talking about, who will invest will invest and who will not invest will not invest irrespective of how much discussion and adverts.

Seems you are missing the point on what advertisement is and that have to be corrected. The news you see on the print media, the hypes and all the excitement about the bull run are all different forms of advertisement. Even FUD can be regarded as a form of advertisement because there is a popular saying among politicians that "negative publicity is better than no publicity". This was what helped Donald Trump in his election 2016, where the big media portrayed him in a bad light yet people got curious and did their independent research and that helped his popularity. So, Bitcoin thrives so much on the news which is also a form of advertisement and there is no point pretending about that. You can say that Bitcoin does not require anyone to spend money running ads on big platform as the its advertisement is done free of charge with many of those pushing it not realizing that they are actually marketing Bitcoin.

To be frank with you, without the news about Bitcoin spreading in the print media, most of the people that are invested in Bitcoin might not have even known about it. Some of us here came into Bitcoin because we heard about it from friends, social media or different platforms. I agree with you that investment in Bitcoin is a personal thing that does not require any convincing but the potential investor must first be aware of Bitcoin through someone or some means before taking that personal decision to invest.

[Marvelockg]

Bitcoin does not necessarily need advertisment because when something is too good it can't be hidden, it is a choice to either invest in Bitcoin or not, advertising Bitcoin now is not something to be bothered about because it has pass that stage  and has gotten the recognition needed . Investing in Bitcoin should become more of self convinction and not because it is what every body is doing or talking about, who will invest will invest and who will not invest will not invest irrespective of how much discussion and adverts.

Bitcoin is decentralized in nature which suggest that there is no central body or a marketing team that is responsible for doing any form of advertisement but we can't say that there had not been some sort of indirect advertisement that has made Bitcoin what it is now.

Bitcoin has enjoyed advertisement from us that are the primary users, from companies that has Bitcoin as one of their payment medium, most ads and betting sites that accepts Bitcoin also promote Bitcoin indirectly and so we can't say Bitcoin is too popular to be advertised. Bitcoin can't advertise itself but investors and people like us that knows it worth and the numerous advantages involved in investing in Bitcoin are the ones advertising Bitcoin.

[Miles2006]

Holders of Bitcoins can certainly get the ATH of Bitcoin as well as the DIP. But finding the Bitcoin Deep is truly a matter of luck for many. To be a Bitcoin holder it's not how much investment he has, I think it's how much he believes in Bitcoin that is the matter.

if you had changed the last part of your statement, maybe you should have made a little sense but what you said here, you've not made the right statement.

Believing in Bitcoin is good but what's the essence of believing in Bitcoin without having much investment? How much investment you have is very important and it's absolutely more importantly than what you believe. That you have investment much into Bitcoin suggests that you believe in Bitcoin and what you're trying to say in the religion sense could be compared to mere having faith without putting in the needed work. Just like faith without work is dead, having a strong believe and hope in Bitcoin without investing much into Bitcoin is literally waste of knowledge, fake believe and wouldn't do you any good.

Believing in bitcoin is also necessary unlike the early investors, I will always go with the idea of investing no matter what and for one to invest the person must understand the basic term of bitcoin and investing. The investment choice bitcoin allows an investor to accumulate while learning and even the slightest knowledge about bitcoin can keep an investor going while accumulating, having the knowledge of bitcoin without investing is not appropriate nethier believing in bitcoin the two must work together, the ability of putting this knowledge to practice make an investor more knowledgeable. Although no knowledge is wasted but why acquiring this knowledge without practicing. Believing in bitcoin is just common like I have never seen a bitcoin enthusiast in this modern world who doesn't believe in bitcoin investment although most people never had the opportunity to learn about bitcoin but still they've not gotten any knowledge about bitcoin investment that's just the reason.

[Cryptoprincess101]

Bitcoin does not necessarily need advertisment because when something is too good it can't be hidden, it is a choice to either invest in Bitcoin or not, advertising Bitcoin now is not something to be bothered about because it has pass that stage  and has gotten the recognition needed . Investing in Bitcoin should become more of self convinction and not because it is what every body is doing or talking about, who will invest will invest and who will not invest will not invest irrespective of how much discussion and adverts.

Seems you are missing the point on what advertisement is and that have to be corrected. The news you see on the print media, the hypes and all the excitement about the bull run are all different forms of advertisement.

Lol, it's very funny how some people feels that advertisement only involves coming to the media to announce about bitcoin and convince people on the need to invest in Bitcoin but just like you stated, the news of the upcoming halving and bull run is making trends on the Internet and so many people that were not interested in investing in Bitcoin are picking up interest base on that and Bitcoin creating a new ATH before the halving is another news that broke the Internet such that many people were also eager to invest in Bitcoin and since people always want to see results from others before developing interest, so the news of Bitcoin breaking a new ATH also made lots of investors to come in, these are various means by which Bitcoin have been advertised in many instances.

To be frank with you, without the news about Bitcoin spreading in the print media, most of the people that are invested in Bitcoin might not have even known about it. Some of us here came into Bitcoin because we heard about it from friends, social media or different platforms. I agree with you that investment in Bitcoin is a personal thing that does not require any convincing but the potential investor must first be aware of Bitcoin through someone or some means before taking that personal decision to invest.

That's very correct, the news of Bitcoin spreading across the print media also aided in the advertisement of Bitcoin and made most investors to come in to invest in Bitcoin. Bitcoin have been advertised in diverse ways just like other assets as those advertisments are what entices people to invest in it because without those medium of advertisements the hype in Bitcoin would not have gained this level of popularity and recognition it has gotten so far.

[Nanga Parbat]

Bitcoin does not necessarily need advertisment because when something is too good it can't be hidden, it is a choice to either invest in Bitcoin or not, advertising Bitcoin now is not something to be bothered about because it has pass that stage  and has gotten the recognition needed . Investing in Bitcoin should become more of self convinction and not because it is what every body is doing or talking about, who will invest will invest and who will not invest will not invest irrespective of how much discussion and adverts.

Bitcoinb has become the volume and preferred investment for investors, making it is the best experience and source of income for investors around the world. There is no doubt about its popularity and acceptance . But until Bitcoin's legality is fully clarified ,the hype will continue. Attention to legalization can increase its naturalness and acceptance. Advertising gives people the right information about the benefits and risks of Bitcoin which increases their confidence in this new and important asset.  Without regulatory clarity, advertising is a necessity so that people get accurate and truthful information and are well guided in their investment decisions. Advertising Bitcoin can increase its acceptance even faster and help people understand its value and future.  Therefore , until Bitcoin legal framework is in place, advertising will continue to be required.

[JayJuanGee]

.....One must have a plan where he must gather bitcoins before he start thinking to sell some of his holdings. How many Bitcoins are sufficent is a subjective question. So some people 100 Bitcoins are low while for many getting even 1 bitcoin is difficult.

I would suggest that how many BTC is not completely subjective  - even though it is based on the setting of subjective goals... So if someone might tell you what his goals are, then you would likely be able to determine a quantity of BTC that would likely satisfy the goal.

So for example, if a guy tells you that in 10 years, he would like to be able to have a monthly income of $5k without having to do any work - beyond just keeping track of his various accounts...   Then at that point you have some ideas of an approximate number of coins that the guy might need to work towards getting, and I would say that if he works towards getting close to 5 BTC for the middle of 2034, then that would likely be more than enough to meet his goals... and perhaps even 3-4 BTC might be enough... yet we cannot really know, so then he should work towards getting to 5 BTC within the next 10 years.. which may or may not be doable for all people, and if it is not doable.

Then if he changes his goal to the same kind of idea of cashflow, but with a back up target for 15 years, then I would suggest that by mid-2039, then he is likely ONLY going to need around 2.5 BTC by mid-2039 in order to reach that same objective of having a monthly income of right around $5k.. so then he has something that he believes that he might be able to reach, and if he speculates that inflation might eat away the targets, then surely maybe he could try to shoot for more BTC and to have some cushion in his goals, and so we can largely ONLY attempt to give some directional guidelines that might need to be adjusted with the passage of time...yet I would still suggest that aggressive accumulation of bitcoin should be part of the formula, and the details can be tweaked at various points along the way.

$5K is a huge amount for people living in country like mine i.e. Pakistan. Those who are in developed country like Europe or USA can have the luxury of having such high income per month but only few one here can have that much high income. Here average salary per month is 300$. So defiantly I can't go with this plan.

Well, I somewhat randomly picked a goal that might be a goal of someone in the west, but if you think that the goal is too high, then you can reduce the goal to your level.  Perhaps $500 per month or $1k per month, and if the goal was $500 per month, then just reduce (multiply) everything that I already said by 1/10th. ... which means that either 0.5 BTC by mid 2034 or 0.25 BTC by mid 2039 would be sufficient to accomplish the goal of $500 per month, and if you wanted an extra cushion of $1k per month, then you would have to double the target amount.

But having less income doesn't mean that people like me have no place in Bitcoin. The beauty of Bitcoin is that it's open for everyone. There are billions of people in the world who are not in banking system due to various reasons and Bitcoin allows all such people to have there bank account where they have complete control over there money.  

Of course.  Bitcoin is for everyone or anyone who chooses to get involved in it, and anyone who gets involved investing in bitcoin within a way that is not overdoing it, then is likely going to have some benefits from such investments into bitcoin.

Having said that I do agree that the person having $5k income per month can have 5 BTC in next 10 years. One thing I should add is that we dont know what Bitcoin price will be in coming months. What we have seen so far is that there are dip's after every ATH. In Nov 2021 we saw an ATH of around $67K but then few months later we saw Bitcoin going down below $20k. So if someone is accumulating Bitcoins by investing $5k monthly into Bitcoin then he might end up getting more then 5 Bitcoins after 10 years if Bitcoin keep taking big dips.  

I think that I have always suggested that guys try to be as aggressive as they can in their bitcoin investment without overdoing it, so if a guy has $100 per week that he can invest into bitcoin, then he should do that.  By the way, I was not suggesting that the guy who is shooting for $5k per month income from bitcoin is able to invest $5k per month.  The guy might currently be getting a $3k per month salary and maybe he has $2,000 per month of various expenses, and so the most that he could invest into bitcoin might be $250 per week, and maybe it varies between $150 and $250 per week depending on the variation in his expenses... or even the variation in his income.

So yeah, if the price corrects, he is able to buy more bitcoin and if the price goes up too rapidly then he may well not be able to get as many BTC as he thought that he would be able to get.  If he is on target and overly accumulating bitcoin, then maybe that is not a bad problem to have, or maybe if he is under accumulating, he might have to change either his target accumulation level or maybe change his timeline until such a point that both the timeline and the amount of BTC accumulated overlap... and of course, he will likely monitoring these matters along the way, and I personally like to use the 200-WMA in terms of the valuation of the BTC holdings in order to give greater protections to anyone who would not be pulling the fuck you lever too soon (prior to being actually in a good financial and/or psychological place with his BTC holdings relative to his expectations for how much income he is going to be drawing from such BTC holdings.).

In recent times, I have also been coming toward thinking that a guy might not need to have as much of a bitcoin savings as he would have to have in traditional investments since with a bitcoin investment, he likely would be able to employ a higher withdrawal rate of 6-10% in bitcoin as compared with 4% in traditional investments.

Even though I am already coming to conclude that it is likely in bitcoin that we are not going to need as much of a nest egg as we need in traditional finances in order to support ourselves from our BTC stash, since in traditional investment we need right around 25x our income in order to be able to live off of our income (which is assuming a 4% withdrawal rate), and I am starting to consider that with bitcoin 10-16.7 years of income may well be enough (which is assuming a 6% to 10% withdrawal rate).. but it is still risky to overly rely on the newer models and those kinds of potential more aggressive withdrawal rates that bitcoin might be able to provide since it is more of an untested system and fairly new, so it may well be much better to rely on more conservative models and to have some cushion in the size of he BTC stash before pulling any fuck you lever that would then put you in a position where you are having to live off of your BTC stash.

[edited out]

Everything that you said is correct @JJG. If an investor has decided that no matter the ugly situation that plays out during his early stage of accumulation, that he will steadily carry out his DCA purchase weekly, it is possible that he will not skip any week. It all depends on how the investor takes that plan serious and his determination to make it work out. I could remember when I just started my bitcoin journey from here, I said I will always make sure my weekly DCA is not skipped for any reason. I have an account where my emergency funds is, and I don't have much idea on reserve funds, but I can always get funds from one or two places, should incase I want to entertain myself or just go on a vacation without touching my emergency funds.

Unlucky for me one day my emergency funds account got hacked, and all my funds was stolen. Although it was all my fault due to a mistake that I made which made my that account vulnerable to the hackers. I was not happy, but I continued DCAing weekly as usual, and I was building an emergency funds all over again praying for an emergency not to occur that will affect me financially. A neighbor of mine died, and he does not have a family that any of us know about, and he needs to be buried. Nobody was able to come up with a reasonable amount of money, and this person was somehow social with people. So I had to take care of major responsibility after when I saw that, nobody is serious on how to raise funds. I don't also have any funds on me, and I had to seek for funds from a good friend of mine in my working place, and I was able to take care of the deceased bills and he was buried. All these didn't make me skip my DCA because I had to use the front load strategy for one month before I got paid

The point is that when you have determined to use DCA to grow your bitcoin investment portfolio persistently and constantly, you will always what to think of how to have different ways to raise funds, so that no matter what circumstances that play out along the line, you will be able to handle it without skipping any week, because you know that skipping a week means you have extended the time that you would use to reach your bitcoin target. One annoying thing about when you miss a week is that bitcoin price might be cheap at that time that you missed.

However, if a beginner was unable to handle the situation on ground due to his low financial strength at that moment, he can skip a week, and when he is buoyant enough later, he can buy back that week that he skipped. What I mean is that if for instance the investor had a challenge that made him skip week 6, and on week 10, he had extra money that he can use to buy twice his weekly size, he should buy to replace the midst week. This is because our income sometimes varies from month to month.

Yep.  The more that you build different options for yourself and different kinds of funds, then the more likely you will not get into a pickle in regards to your BTC, and also you can some times buy extra BTC to make up for some of your earlier missing of times that you would have had wanted to buy BTC... You likely have to balance how many BTC you already have and what might be your goals, and sometimes if you perceive the  BTC price to be in a dip, you may want to be extra aggressive in your BTC accumulation during those kinds of times.. but yeah sometimes emergencies or even other kinds of needs for cash will also happen during periods in which you would prefer to buy more BTC, but you only have so many funds that you are comfortable to draw upon in order to make your BTC purchases during that period.

And, yeah another thing, sometimes we learn from our stupid mistakes in which maybe we get robbed or we suffer some expenses that could have had been avoided.. but if we have some systems in place, we also might be able to keep buying BTC (or maybe at least not sell any BTC) during times in which our finances are suffering.  I recall one period in 2015 that I was able to skip paying rent for 2 months on a business due to some financial hardships, and then later down the road, I paid back the rent from those two months, and sometimes if we otherwise have good relationships, we can sometimes receive favors through our business relationships.

Holders of Bitcoins can certainly get the ATH of Bitcoin as well as the DIP. But finding the Bitcoin Deep is truly a matter of luck for many. To be a Bitcoin holder it's not how much investment he has, I think it's how much he believes in Bitcoin that is the matter.

if you had changed the last part of your statement, maybe you should have made a little sense but what you said here, you've not made the right statement.

Believing in Bitcoin is good but what's the essence of believing in Bitcoin without having much investment? How much investment you have is very important and it's absolutely more importantly than what you believe. That you have investment much into Bitcoin suggests that you believe in Bitcoin and what you're trying to say in the religion sense could be compared to mere having faith without putting in the needed work. Just like faith without work is dead, having a strong believe and hope in Bitcoin without investing much into Bitcoin is literally waste of knowledge, fake believe and wouldn't do you any good.

I understand what you mean @Hewlet, but I think that Rabata is also right too. This is because cause it is when you believe in bitcoin that it can be a safe haven tomorrow, or that you can use it to turn your future around that will enable to hodli for a very long time, or even use it as part of your life. Now there are two scenario for you to look into.

The early investors, Mr A was opportune to buy bitcoin for as low as $100, because he did not understand the potential of bitcoin, and much believe in it, but he was able to buy 10BTC at that time. As time passes by he saw that bitcoin price is increasing with time line, and he sold when bitcoin was $1000, believing that he have hit the jackpot, forgetting that for bitcoin price to reach 1000k, that bitcoin is capable of reaching $10000 and higher, because he didn't have the strong believe in bitcoin, currently such investor will be regretting that he sold too quick. Same happens to people who see bitcoin as something that is worth hodling for short periods of time like 4yrs and they sell off to take profit. He don't believe in the future of bitcoin if not they will hodli for a longer time.

Now Mr B, also bought 10BTC when bitcoin price was $100,because he sees bitcoin as a very precious investment, because he believes that bitcoin price will be more valuable in future, and when bitcoin price was 1000k he didn't sell any bitcoin but rather continue holdi because he believes that for bitcoin to reach that high price, in future bitcoin can hit 100k price. No matter the challenges that Mr B has passed through based on FUD, FOMO. He was still strong enough to overcome them and hodli because he believes in bitcoin.

It is when you believe in bitcoin that you can be able to increase your bitcoin size and hodli for a very long time. Laszlo would not use 10000BTC to pay 2 papa John's pizza.

You can sell part of your BTC at various points on the way up.  The guy who 10 BTC bought at $100 might sell 0.25 BTC at $500, and 0.25 BTC at $1k, and then maybe every time the BTC price goes up $1k he sells anther 0.25 BTC, or maybe instead of selling 0.25 BTC, he decides that he is going to sell a certain percentage of his BTC (maybe somewhere between 1% and 5%) for every time the BTC price goes up 50%.

There is nothing wrong with any of those strategies, and maybe even the guy ends up with way more cash and even though his BTC quantity is going down he is happy with that... and maybe if the BTC price happens to correct, he can buy back, but when he sells parts of his BTC, he is not selling with any expectation to buy back.

[Ruttoshi]

Bitcoin does not necessarily need advertisment because when something is too good it can't be hidden, it is a choice to either invest in Bitcoin or not, advertising Bitcoin now is not something to be bothered about because it has pass that stage  and has gotten the recognition needed . Investing in Bitcoin should become more of self convinction and not because it is what every body is doing or talking about, who will invest will invest and who will not invest will not invest irrespective of how much discussion and adverts.

Bitcoinb has become the volume and preferred investment for investors, making it is the best experience and source of income for investors around the world. There is no doubt about its popularity and acceptance . But until Bitcoin's legality is fully clarified ,the hype will continue. Attention to legalization can increase its naturalness and acceptance. Advertising gives people the right information about the benefits and risks of Bitcoin which increases their confidence in this new and important asset.  Without regulatory clarity, advertising is a necessity so that people get accurate and truthful information and are well guided in their investment decisions. Advertising Bitcoin can increase its acceptance even faster and help people understand its value and future.  Therefore , until Bitcoin legal framework is in place, advertising will continue to be required.

Bitcoin have passed the level of advertisement, and it would be on whose accord to do that. Bitcoin is already famous for SEC to have approved bitcoin ETF, that alone has made bitcoin more popular than before, because it has given room to those that don't believe in bitcoin to believe in it, and adopt it.

If you feel that bitcoin is not yet popular in your region or location, you can volunteer to educate people in your neighborhood about bitcoin and investing in it. You should not force anyone to accept what you say, but only the ones that shows interest in bitcoin should be taught.

Many financial institutions already know about bitcoin and its potential. El Salvador has adopted bitcoin without advertisements, and the country has their reserve funds in bitcoin. All the second world countries government knows about bitcoin, because initially they saw it as a threat to their fiat currency.

[arjunmujay]

[edited out]

Everything that you said is correct @JJG. If an investor has decided that no matter the ugly situation that plays out during his early stage of accumulation, that he will steadily carry out his DCA purchase weekly, it is possible that he will not skip any week. It all depends on how the investor takes that plan serious and his determination to make it work out. I could remember when I just started my bitcoin journey from here, I said I will always make sure my weekly DCA is not skipped for any reason. I have an account where my emergency funds is, and I don't have much idea on reserve funds, but I can always get funds from one or two places, should incase I want to entertain myself or just go on a vacation without touching my emergency funds.

Unlucky for me one day my emergency funds account got hacked, and all my funds was stolen. Although it was all my fault due to a mistake that I made which made my that account vulnerable to the hackers. I was not happy, but I continued DCAing weekly as usual, and I was building an emergency funds all over again praying for an emergency not to occur that will affect me financially. A neighbor of mine died, and he does not have a family that any of us know about, and he needs to be buried. Nobody was able to come up with a reasonable amount of money, and this person was somehow social with people. So I had to take care of major responsibility after when I saw that, nobody is serious on how to raise funds. I don't also have any funds on me, and I had to seek for funds from a good friend of mine in my working place, and I was able to take care of the deceased bills and he was buried. All these didn't make me skip my DCA because I had to use the front load strategy for one month before I got paid

The point is that when you have determined to use DCA to grow your bitcoin investment portfolio persistently and constantly, you will always what to think of how to have different ways to raise funds, so that no matter what circumstances that play out along the line, you will be able to handle it without skipping any week, because you know that skipping a week means you have extended the time that you would use to reach your bitcoin target. One annoying thing about when you miss a week is that bitcoin price might be cheap at that time that you missed.

However, if a beginner was unable to handle the situation on ground due to his low financial strength at that moment, he can skip a week, and when he is buoyant enough later, he can buy back that week that he skipped. What I mean is that if for instance the investor had a challenge that made him skip week 6, and on week 10, he had extra money that he can use to buy twice his weekly size, he should buy to replace the midst week. This is because our income sometimes varies from month to month.

Yep.  The more that you build different options for yourself and different kinds of funds, then the more likely you will not get into a pickle in regards to your BTC, and also you can some times buy extra BTC to make up for some of your earlier missing of times that you would have had wanted to buy BTC... You likely have to balance how many BTC you already have and what might be your goals, and sometimes if you perceive the  BTC price to be in a dip, you may want to be extra aggressive in your BTC accumulation during those kinds of times.. but yeah sometimes emergencies or even other kinds of needs for cash will also happen during periods in which you would prefer to buy more BTC, but you only have so many funds that you are comfortable to draw upon in order to make your BTC purchases during that period.

And, yeah another thing, sometimes we learn from our stupid mistakes in which maybe we get robbed or we suffer some expenses that could have had been avoided.. but if we have some systems in place, we also might be able to keep buying BTC (or maybe at least not sell any BTC) during times in which our finances are suffering.  I recall one period in 2015 that I was able to skip paying rent for 2 months on a business due to some financial hardships, and then later down the road, I paid back the rent from those two months, and sometimes if we otherwise have good relationships, we can sometimes receive favors through our business relationships.

With this we can differentiate between investment money and the money we use in the real world. So there is no need to spend the money we have invested in Bitcoin to simply meet the shortages that are occurring in the real world.
I even experience it now. When you feel down in the real world and don't have money to just buy food, it turns out there are still neighbors who give you a little gift that can be used to buy food.
So the neighbors don't know how much assets are in my postfolio, and let it remain a secret. while the daily money remains from the actual results of work.
while assets in bitcoin remain and are not sold for nothing. especially now that the asset is still being developed and is still accumulating more bitcoins.

[nara1892]

If we can talk to friends and neighbors in the real world who are the same age as we usually are here, it will certainly be richer. It is possible to expand the promotion of Bitcoin only through discussion and advertising. Especially I discuss ATCA method very seriously, how to make my investment for a long term. From here I get the most advice from different mediums and from JJG, on how I can invest long-term and be successful.

yeah you are right, a friend mine told me his interested in investing in Bitcoin. I was surprised because being long have been trying to convinced him but he kept doubting the growth of bitcoin, I guess due to the recent growth bitcoin undergo lately he as seen some beauty in it which lead him in researching more about bitcoin. So he was like he wanted invest a certain amount of money in Bitcoin so I told him that is a good plan and a nice start up . But I told him not to go all in at once because of the recent increase in price , so I told him to start with some DCAing strategy first ( have to explain how DCAing works) and he should keep some reserve funds for buying the dip, so he was excited about it, that with such strategy he would have enough time to gather some good amount of money for the DCAing (weekly), then he told me that on Sunday (which is tomorrow)  am going to put him through on how to buy and all that , I was really glad seeing my friend finally taken action in accumulating Bitcoin, and thanks to this thread I would be able to put him through on how investing in Bitcoin works. So I would keep on learning so that I still will be able to impact on others.

I think there are not a few people who initially doubted bitcoin especially when bitcoin was not as well known as it is now in the eyes of the public, but with the growth of bitcoin which does bring certainty for a more beautiful future along with quite a number of people who have managed to take advantage of a fairly large amount then indirectly this event makes people involved in accumulation even though at first they always carry doubts in their minds. On the other hand you gave very good advice and direction by suggesting him to use the DCA approach as the initial stage of involvement, and of course this is a good suggestion because DCA is more specialized for those beginners who just want to jump in by investing the same amount (not too big is fine) in the long run which can indirectly keep their financial situation balanced and can make them make maximum profits in the future as long as they don't delay too much during the allocation period.

Another thing I hope or I advise you to provide a detailed explanation or understanding to you about what investment really is, for the problem of goals yes we all as investors have the same goal at the end of the engagement which is to achieve or get a profit, but I hope you also explain to him in terms of risk, don't let your friend tend to always think about profit because the worry is that he could be too worried when bitcoin experiences a significant bearish or correction phase which in turn could make your friend act instantly to thwart or stop his bitcoin accumulation plan that he has been maintaining, because I see events like this are not uncommon when someone is too focused on his expectations.