Buy Bitcoin, and HODL!

[Negotiation]

There is another kind of exception of someone who has pretty much already achieved fuck you status or close to fuck you status in some other asset, and those people would not necessarily need any other source of income, but they could transfer that value or some portion of that value into bitcoin and then be able to live off of the appreciation of the value of that income.. which surely I would suggest valuating the extent to which you have reached fuck you status by use of the 200-WMA rather than going off of BTC's spot price, in order that you can recognize and appreciate that you are not overly valuating your BTC - since the 200-WMA is a bottom price that does not bounce around as much as BTC's spot price (ideas I discuss in my sustainable withdrawal thread).

Very well said I saw your topic there you mentioned many important investment plans. Where an investment will be much easier if you follow the plans or advice. I agree with you that if people save some money from daily life it is consistently invested in Bitcoin. Then I think it would be most profitable for him. But most of the people spend unnecessarily in other areas but can't use it properly in investment planning. Because their expenses are much higher than their income, they cannot use it properly in any kind of investment plan.

[Bitcoin_people]

When it comes to Bitcoin investment we have to base on many factors otherwise it will never be possible to make money from Bitcoin investment. Especially when a trader buys bitcoins for investment with his own money he must follow some tips. For example, one should buy when the market is deep and mark the time when one buys so that even if the market goes down, one can buy again later. Moreover, a user must plan long-term investments so that after purchasing from the market, he can hold it for a long time if it goes down. A user must be patient enough and disciplined when buying bitcoins for long term holding. One should never lose patience to hold bitcoins but one should hold with patience but success is possible. DCA must be practiced when buying bitcoins but the losses will be minimal, and when he invests using this method it must be for the long term. When you invest you have to take risks without risk you can never be successful. And if you invest, you must always start with a small amount of money and if you gradually increase the amount of money, at some point the fraction of bitcoins will be very high. As we can see the price of Bitcoin is constantly increasing and when you keep investing as per amount you will get profit as per the fraction of Bitcoin at a time with higher price of Bitcoin. So always buy when the market dips and never lose patience by buying it but holding for long time is best.

[JayJuanGee]

There is another kind of exception of someone who has pretty much already achieved fuck you status or close to fuck you status in some other asset, and those people would not necessarily need any other source of income, but they could transfer that value or some portion of that value into bitcoin and then be able to live off of the appreciation of the value of that income.. which surely I would suggest valuating the extent to which you have reached fuck you status by use of the 200-WMA rather than going off of BTC's spot price, in order that you can recognize and appreciate that you are not overly valuating your BTC - since the 200-WMA is a bottom price that does not bounce around as much as BTC's spot price (ideas I discuss in my sustainable withdrawal thread).

Very well said I saw your topic there you mentioned many important investment plans. Where an investment will be much easier if you follow the plans or advice. I agree with you that if people save some money from daily life it is consistently invested in Bitcoin. Then I think it would be most profitable for him. But most of the people spend unnecessarily in other areas but can't use it properly in investment planning. Because their expenses are much higher than their income, they cannot use it properly in any kind of investment plan.

The thread that I pointed out, about sustainable withdrawal presumes that you have enough or more than enough BTC in order to start to employ it.

Or as an example, I show a hypothetical situation in which someone started out with 21 BTC in September 2022, and so then they started to cash out very slowly, and then by January or February 2023, they were able to cash out more aggressively, yet at that time, that hypothetical was using a 4% cashout rate.. .yet part of the point was that they already had a set amount of BTC in that budget (or account) that they were using as their basis.  Surely during the late 2022 period, BTC was running below the 200-WMA, yet in recent times, I have come to more confidence that a 10% cashout rate could be followed and still maintain a growing dollar value - yet the point still remains that a person has to build up a BTC stash that is high enough in order to justify beginning following such a sustained cashout system.

So, yeah it could take 10 to 20 to 30 years to build up a BTC stash that would then justify starting to employ some sort of sustainable withdrawal system as I outline in that thread and also provide a sustainable withdrawal tool, as well. ^{powered by bitmover}

So your issue about many people not having any discretionary income is from your own perspective, and sure maybe it is true that you do not have any discretionary income and you are not able to either increase your income or to cut your expenses any more than they are already cut, then if you do not have any discretionary income, then you cannot invest in anything... I have my doubts if that is necessarily true, yet sure you are the one who is in the better position to verify your own financial situation.

When it comes to Bitcoin investment we have to base on many factors otherwise it will never be possible to make money from Bitcoin investment. Especially when a trader buys bitcoins for investment with his own money he must follow some tips. For example, one should buy when the market is deep and mark the time when one buys so that even if the market goes down, one can buy again later. Moreover, a user must plan long-term investments so that after purchasing from the market, he can hold it for a long time if it goes down. A user must be patient enough and disciplined when buying bitcoins for long term holding. One should never lose patience to hold bitcoins but one should hold with patience but success is possible. DCA must be practiced when buying bitcoins but the losses will be minimal, and when he invests using this method it must be for the long term. When you invest you have to take risks without risk you can never be successful. And if you invest, you must always start with a small amount of money and if you gradually increase the amount of money, at some point the fraction of bitcoins will be very high. As we can see the price of Bitcoin is constantly increasing and when you keep investing as per amount you will get profit as per the fraction of Bitcoin at a time with higher price of Bitcoin. So always buy when the market dips and never lose patience by buying it but holding for long time is best.

You seem to be a bit mixed up... especially in your seeming to overlap the ideas of DCA and buying on dips.

A strict DCA strategy does not care about prices, and just buys BTC no matter the BTC price while employing some kind of system to figure out how much disposable income is available and determining how much of the disposable income to use to buy bitcoin.  So someone could attempt to front load his investment into bitcoin, but if he has no lumpsum amount, it could take him 10-20 years to really build up a longer term investment into something like bitcoin, and sure he might be using DCA the whole time, or he might supplement with buying on dips and lump sum investing.  Frequently a good way to start is with DCA and maybe even do that for a whole cycle before  fucking around with buying on dips when we might hardly have any clues when or if dips might happen, how low they will go or how long they might last.  

Of course, you can supplement your DCA strategy with either buying on dips or lump sum investing, and so guys have to figure out their own individual factors (perhaps 9 of them) in order to determine how much BTC they want to have and how aggressive or whimpy that they want to be in terms of their ways of accumulating BTC.

[Essential10]

When it comes to Bitcoin investment we have to base on many factors otherwise it will never be possible to make money from Bitcoin investment. Especially when a trader buys bitcoins for investment with his own money he must follow some tips. For example, one should buy when the market is deep and mark the time when one buys so that even if the market goes down, one can buy again later. Moreover, a user must plan long-term investments so that after purchasing from the market, he can hold it for a long time if it goes down. A user must be patient enough and disciplined when buying bitcoins for long term holding. One should never lose patience to hold bitcoins but one should hold with patience but success is possible. DCA must be practiced when buying bitcoins but the losses will be minimal, and when he invests using this method it must be for the long term. When you invest you have to take risks without risk you can never be successful. And if you invest, you must always start with a small amount of money and if you gradually increase the amount of money, at some point the fraction of bitcoins will be very high. As we can see the price of Bitcoin is constantly increasing and when you keep investing as per amount you will get profit as per the fraction of Bitcoin at a time with higher price of Bitcoin. So always buy when the market dips and never lose patience by buying it but holding for long time is best.

Yet many are glad they got into crypto because investing in Bitcoin was a turning point for them financially, one of the best decisions they ever made. Bitcoin investing must have a strategy, if you don't have a strategy and randomly start investing in the Bitcoin market, you will face losses in the future. If you are waiting for the market to go down a lot, invest when the market is going down, you can't really tell when the opportunity will come. If you plan to invest DCA in Bitcoin long term you need to have an additional source of income. If you don't have an additional source of income then at some point you can leave the investment. DCA investing is where you spread your purchases over time rather than making one big investment. It will help you in timing the market and the risk of the market getting high. If you consistently buy bitcoins at different prices you can recoup your investment costs. Buy more when the market goes down and invest less when the market goes up and continue for the long term with patience. Hold your Bitcoin tight and profit from it in the future.

[Marvelockg]

. As we can see the price of Bitcoin is constantly increasing and when you keep investing as per amount you will get profit as per the fraction of Bitcoin at a time with higher price of Bitcoin. So always buy when the market dips and never lose patience by buying it but holding for long time is best.

it's not as though if you buy during the DIP you're doing the bad thing or that you won't be in profit, as a matter of fact, buying during the DIP will put you in a higher profit but if you're waiting to buy only during the DIP, you might end up wasting a whole lot of time and end up not buying much. The DCA methord you talked about entails that you buy on a regular bases and doing so might mean that you could possibly buy at an higher price or a lower price but at the end of the day, it gives you the benefit of having an average accumulation that is much, even though you bought some at a price that might not necessarily be looked at as a DIP. And again, what you look at as a dip is actually a contextual narrative that depends on the past price of Bitcoin and more on the future price of Bitcoin.

What I mean is that, what you look at as a price that's too high and won't be good for you to start stacking and that you have to wait till the price of Bitcoin goes down can be the least price you will ever buy Bitcoin in the next five to ten years and so you see that over considering the price that's DIP before buying doesn't always seems as the best option if you're doing a long term plan. In general, if the market is currently at an obvious DIP, maybe if you have your way, you can increase the quantity of your accumulation so as to increase the goose quantity of your stack while you still continue with your DCA methord but buying only when you feel that the market is at the DIP is for me not the right way to accumilate a high amount of Bitcoin.

[Stablexcoin]

When it comes to Bitcoin investment we have to base on many factors otherwise it will never be possible to make money from Bitcoin investment. Especially when a trader buys bitcoins for investment with his own money he must follow some tips. For example, one should buy when the market is deep and mark the time when one buys so that even if the market goes down, one can buy again later. Moreover, a user must plan long-term investments so that after purchasing from the market, he can hold it for a long time if it goes down. A user must be patient enough and disciplined when buying bitcoins for long term holding. One should never lose patience to hold bitcoins but one should hold with patience but success is possible.

I don't mean to hijack your answer, but could you please explain how waiting to buy on dips relates to regular DCA? You are contradicting the different methods of investing. An investor decides which method of investment he wants to use, it may be waiting to buy the dip, regular DCA, or lump sum to mention a few. However, if he has more money when he DCA consistently he can choose to wait for the market to dip and then buy as long as he is buying below the ATH. He may also choose to lump sum which is buying aggressively to reach his goal. It doesn't affect his DCA approach that is what you should understand.

DCA must be practiced when buying bitcoins but the losses will be minimal, and when he invests using this method it must be for the long term. When you invest you have to take risks without risk you can never be successful.

It is not compulsory to adopt the DCA strategy. Every investor has the right to choose which method he wants to use in investing. Ad long as it will help him achieve his goal without any hindrance or losses. You can recommend DCA to anyone because it has less risk but it's optional to choose to lump sum or DCA. Every method has its advantages and disadvantages, if an investor chooses to manage risk and slow accumulation then DCA is the best. But if the investor has enough money and wants to accumulate bitcoin faster then he can go all in by lump sum. Don't you know i Bitcoin reaches the price i know I can afford a whole if but I would lump sum. I can't do that right now that is why I stick to my DCA. My target is to achieve 1 bitcoin.

And if you invest, you must always start with a small amount of money and if you gradually increase the amount of money, at some point the fraction of bitcoins will be very high. As we can see the price of Bitcoin is constantly increasing and when you keep investing as per amount you will get profit as per the fraction of Bitcoin at a time with higher price of Bitcoin. So always buy when the market dips and never lose patience by buying it but holding for long time is best.

It seems you like using the word must. Let me put it his way, whether big or small amount of money you can start investing in Bitcoin. As long as it is what you can afford to lose. It also depends on the amount of your monthly income, that you will use to set up your investment method and start investing. If you dcaing the only time you may choose to increase your percentage of investment is either your monthly income increases or you have some disposable money given to you by someone.

[Lidger]

Example let's say I want to start investing right now in bitcoin and I have a monthly income of 1000$(it's assumption figures) and I decide that I want to invest about 300$ from that amount into a weekly DCA investment which should be about 75$ weekly invested in bitcoin and then I also had some cash from my savings that I also wanted to use to invest in bitcoin maybe to give myself some kind of head start and the money was about 3000$ and I decide to use 1500$ to invest right away, that is what a lump sum buying would mean.

Assuming your monthly salary is $1000, now you will invest $1000 every month or every week consistently. In this case, first of all, you need to confirm how much money you can spend every month on family management, children's education expenses, electricity bills and other sectors. Once you figure out these expenses, you can of course calculate how much money you have left over at the end of the month. You can consistently invest 60 to 70 percent of the money you have left over, minus all incidental expenses, within $1,000. After investing 60% to 70% consistently, you can save the remaining 40% or a part of 30% and keep some money for your spending. If you can invest with this plan then I am sure it will be very easy to hold your investment and you will be able to keep your investment for a long time and you will be able to consistently maintain your investment consistency.

It's OK to invest in the DCA method. Assuming $1000 or more, you can easily work out the numbers on paper no matter how you calculate them. It is easy to say but very difficult to do. But I'm not belittling you here, you definitely can if you try. However, if you get a $1000 salary, the most important thing is how much money you can save there. As people's income increases, their needs and family luxuries increase, the more you can control yourself. How much are you able to face the challenge of saving money in particular terms? If you can control the amount of your monthly salary, your spending rate from the first week of the month to the third week of the month, you can execute DCA properly by applying the investment in the last week of the month.

Expenditure depends on people's income, but if it can be calculated, it is possible to earn relatively small amount of money to meet all needs from that earned money and also invest from there. The income of every person living in our society is not the same, everyone has a different profession and everyone has a different income. Everyone from a bank officer to a van driver lives with his family and everyone thinks to expect the best from his position and thinks about everyone's future. 

A van driver earns $100 per month whereas a bank officer earns $1000 per month then a van driver earning $100 is definitely not used to living a luxurious life. On the other hand, a banker earning $1000 per month must try to live in a good place and expect a good life.

Even after earning $1000 and living a good life, he must plan for his future and when he plans for his future, he can invest part of his income if he wants. Investing doesn't depend on how much money you are earning every month, basically investing depends on the individual. If the person wants to invest then he can invest even earning a relatively small amount of money. You have contradicted me by saying that it is easy to think about something but difficult to act on it, to which I will tell you that if you have a sincere desire you can do anything.

In student life usually everyone is dependent on family still but he saves his own money or collects some money through various means he invests in this case if a working man earns enough money but does not get money to invest then he is definitely a failure. If we want, we can set aside a portion of our income at the end of the month for investment. The money you spend will never come back. But when you invest money that will give you profit as soon as it comes back, it is definitely wiser to invest money thinking about the future rather than spending a lot of money now.

[Aanuoluwatofunmi]

When it comes to Bitcoin investment we have to base on many factors otherwise it will never be possible to make money from Bitcoin investment.

We stand to gain not only the profits on our investments in bitcoin, we have the safety means of securing our assets in this digital and decentralized means, we have increase in value of our asset worth, we have control and the desired privacy we want to get with our asset, it never a means that requires a central regulation to invest, we have our financial freedom with us and we also determine how we want to be profitable on our investment.

[Mayor of ogba]

According to what I have learnt so far the reason for DCA is to relieve or save yourself from the stress of not knowing when to buy, since bitcoin is volatile The practice changes at any given time so now the DCa help you to buy
Btc at any given time basically weekly. Sometimes you
May buy when the price is low and also by when the price is high. When you buy in some week it is low you are indirectly replenishing the lost value when you bought higher. So DCA is the best sofar in investment strategy it's a middle man between dip and HODL and lump-sum.

DCA is definitely a great collaborative tool, but it's very difficult to use it properly. The reason is that most people make mistakes in regular investment. In this case, it seems to me that there is no problem with the DCA method, the problem is with our decision here.

In order to invest in Bitcoin using the DCA method, you must first have an income source. If you don't have an income source, it will be difficult to hold the investment for long. You spend the money you need and invest some of the remaining money in the DCA method on a monthly or weekly basis. You should continue investing with DCA method for long time. You will invest according to your ability. If you can't invest long time with DCA method then you won't be successful.

Well.  Not only do you need an income source, you need income that exceeds your expenses, and you can only invest with the money that is excess of your expenses, and if you do not follow such guidelines, you are gambling rather than investing.

I agree with you at JayJuanGee. We need a good income source that will allow us to freely accumulate bitcoin with the DCA strategy and also be able to take care of our financial needs without struggling to solve them. This will help us hold our bitcoin for the long term because we will not depend on our bitcoin investment to survive.

[Dorkylickjj]

Example let's say I want to start investing right now in bitcoin and I have a monthly income of 1000$(it's assumption figures) and I decide that I want to invest about 300$ from that amount into a weekly DCA investment which should be about 75$ weekly invested in bitcoin and then I also had some cash from my savings that I also wanted to use to invest in bitcoin maybe to give myself some kind of head start and the money was about 3000$ and I decide to use 1500$ to invest right away, that is what a lump sum buying would mean.

Assuming your monthly salary is $1000, now you will invest $1000 every month or every week consistently. In this case, first of all, you need to confirm how much money you can spend every month on family management, children's education expenses, electricity bills and other sectors. Once you figure out these expenses, you can of course calculate how much money you have left over at the end of the month. You can consistently invest 60 to 70 percent of the money you have left over, minus all incidental expenses, within $1,000. After investing 60% to 70% consistently, you can save the remaining 40% or a part of 30% and keep some money for your spending. If you can invest with this plan then I am sure it will be very easy to hold your investment and you will be able to keep your investment for a long time and you will be able to consistently maintain your investment consistency.

It's OK to invest in the DCA method. Assuming $1000 or more, you can easily work out the numbers on paper no matter how you calculate them. It is easy to say but very difficult to do. But I'm not belittling you here, you definitely can if you try. However, if you get a $1000 salary, the most important thing is how much money you can save there. As people's income increases, their needs and family luxuries increase, the more you can control yourself. How much are you able to face the challenge of saving money in particular terms? If you can control the amount of your monthly salary, your spending rate from the first week of the month to the third week of the month, you can execute DCA properly by applying the investment in the last week of the month.

Expenditure depends on people's income, but if it can be calculated, it is possible to earn relatively small amount of money to meet all needs from that earned money and also invest from there. The income of every person living in our society is not the same, everyone has a different profession and everyone has a different income. Everyone from a bank officer to a van driver lives with his family and everyone thinks to expect the best from his position and thinks about everyone's future. 

A van driver earns $100 per month whereas a bank officer earns $1000 per month then a van driver earning $100 is definitely not used to living a luxurious life. On the other hand, a banker earning $1000 per month must try to live in a good place and expect a good life.

Even after earning $1000 and living a good life, he must plan for his future and when he plans for his future, he can invest part of his income if he wants. Investing doesn't depend on how much money you are earning every month, basically investing depends on the individual. If the person wants to invest then he can invest even earning a relatively small amount of money. You have contradicted me by saying that it is easy to think about something but difficult to act on it, to which I will tell you that if you have a sincere desire you can do anything.

In student life usually everyone is dependent on family still but he saves his own money or collects some money through various means he invests in this case if a working man earns enough money but does not get money to invest then he is definitely a failure. If we want, we can set aside a portion of our income at the end of the month for investment. The money you spend will never come back. But when you invest money that will give you profit as soon as it comes back, it is definitely wiser to invest money thinking about the future rather than spending a lot of money now.

IMO i think when it comes to investing in bitcoin how much you earn doesn't matter as much as if you would have any disposable income available to invest, someone who has a greater expense than even his income cannot invest no matter how much he is earning, let's assume a person that is earning about 5000$ a month and has debt on his head that he needs to attend to of about 1500$ off his monthly income and what is left is 3500$ and probably he is also in some kind of medical shit or health challenge that also eats some part of his earning up to 1500$ again off remaining 2000$ for him, then he also has other expenses that range up to above 2000$, this kind of person is just living on the edge and cannot invest in bitcoin, although the illustration seems a bit too much since I kind find much realistic thigns to explain some senerios, and yeah some persons are already well living above their finances and don't have any disposable income left to invest in bitcoin, and another person earning 500$ monthly can have a total expense of 200$ per month based on how well he manages himself and maybe his lifestyle, and other things can also affect how much a person would decide to allocate to his investment, so based on your own senrio its also possible for the van driver to be able to invest more I bitcoin than the person earning 1000k, it just depends on how well they manage their finance and how much disposable income that is available to invest.

[laijsica]

In order to invest in Bitcoin using the DCA method, you must first have an income source. If you don't have an income source, it will be difficult to hold the investment for long. You spend the money you need and invest some of the remaining money in the DCA method on a monthly or weekly basis. You should continue investing with DCA method for long time. You will invest according to your ability. If you can't invest long time with DCA method then you won't be successful.

Well.  Not only do you need an income source, you need income that exceeds your expenses, and you can only invest with the money that is excess of your expenses, and if you do not follow such guidelines, you are gambling rather than investing.

I agree with you at JayJuanGee. We need a good income source that will allow us to freely accumulate bitcoin with the DCA strategy and also be able to take care of our financial needs without struggling to solve them. This will help us hold our bitcoin for the long term because we will not depend on our bitcoin investment to survive.

Exactly....! When you have a safe settlement of all your family needs, you will feel confident investing in bitcoin and plan for the long term. DCAing can be done on a weekly or monthly basis as per your convenience. But if you invest in bitcoin DCAing strategy is more effective and fruitful in long term for new investor.

[I_Anime]

Even after earning $1000 and living a good life, he must plan for his future and when he plans for his future, he can invest part of his income if he wants. Investing doesn't depend on how much money you are earning every month, basically investing depends on the individual. If the person wants to invest then he can invest even earning a relatively small amount of money. You have contradicted me by saying that it is easy to think about something but difficult to act on it, to which I will tell you that if you have a sincere desire you can do anything.

when it come to investing in bitcoin it depends on one financial capability in his process of accumulating. For instance an average man is being paid $500 monthly, the guy can decide to fixed his DCA purchasing monthly by buying $100 worth of bitcoin monthly. While using  his remains to coverup some expenses and flow with his regular life style . Because if such individuals decided to put more percentage of his earning in his investment without having more income to sustain him, like  using $400 to accumulate while keeping $100 as emergency funds. Such individual would endup tampering with his investment for survival. So I will say the rate of one accumulating Bitcoin is directly proportional to his sources or earnings. Sometime as an investor one should be flexible, if by any chances such users endup having extra cash to spare, without it coming from his monthly salary. Let me say such individual found that he have extra funds to spare like $200 without touching his monthly salary he may decide to add  that money ($200) to his normal DCA money which is $100 making it $300 he's going to use to purchase Bitcoin ( inorder to coverup some Gab in his Accumulation without being too aggressive). that moment, like a form of lump-summing going all in with that spare money and his normal fixed amount fir DCAing, with the other remains of his salary as emergency funds.

[Akbarkoe]

snip..........

It seems that you are quite smart in talking about DCA strategy and how DCA should be done with the various attitudes that you have suggested, as well as staying in the HOLD stance.

To what extent are you doing DCA today? And how long do you do DCA that is most appropriate with a great time in doing DCA? does it affect the mentality in doing the strategy? how much BTC do you think is enough for someone to have?

The worst side of the market is cruel and for you to win is to have a good mentality.

for Bitcoin holding and the long-term investment it is actually occur by Plan and if you don't have that mentality of long-term holding your Bitcoin to will not be opportunity to make such profit that you are anticipating for that is why a good investor at first scrutinize the market structure before the person goes into investment to know if the market will be productive for each self any investor of Bitcoin always calculate very well knowing that there is two things that is involved in long term investment especially when you are holding your Bitcoin for each to appreciate you before you sell and they make a profit.

Could you speak a little better and be a little more thoughtful in arguing what I was trying to say before, so try to be a little more specific so that the correlation is much more visible.

[Btcdeybodi]

An investor should have his mind on a long term investment plan, before he venture into investing in bitcoin. He can achieve this by having a bitcoin target as his goal, so that this will keep him more focus and consistent on his bitcoin accumulation. Since he has that on his mind, he will not think of selling when he sees a little profit from the price of bitcoin, because he has not reached his bitcoin target.

of course no one ventures into any business without setting out investments plan and strategy that will guide him all through and same applies to Bitcoin investment because before venturing into bitcoin, you should be able to do some technical checks and balance to know if actually you can be able to maintain the same energy you started your investment with in the long run and when we are talking about Bitcoin investment we are talking about the future and in the long run so it requires patience and control of one's financial education to be able to excel within the time frame you wish your investment to approach.

     I know that now that Bitcoin has gotten a new ATH before halving a lot of investors may be afraid of coming in because they may feel that since a new ATH have been created that it may not create another new ATH again but looking at the corrections that was made after the new ATH and to see that the price is hovering around $69k and $70k is a sign that we should expect something bigger after the halving of which every hodler is looking forward to it. A long term hodler doesn't look after little profits within the short term but he focuses on the bigger picture in the long run.

[Spaceman1000$]

When it comes to Bitcoin investment we have to base on many factors otherwise it will never be possible to make money from Bitcoin investment. Especially when a trader buys bitcoins for investment with his own money he must follow some tips. For example, one should buy when the market is deep and mark the time when one buys so that even if the market goes down, one can buy again later. Moreover, a user must plan long-term investments so that after purchasing from the market, he can hold it for a long time if it goes down. A user must be patient enough and disciplined when buying bitcoins for long term holding. One should never lose patience to hold bitcoins but one should hold with patience but success is possible. DCA must be practiced when buying bitcoins but the losses will be minimal, and when he invests using this method it must be for the long term. When you invest you have to take risks without risk you can never be successful. And if you invest, you must always start with a small amount of money and if you gradually increase the amount of money, at some point the fraction of bitcoins will be very high. As we can see the price of Bitcoin is constantly increasing and when you keep investing as per amount you will get profit as per the fraction of Bitcoin at a time with higher price of Bitcoin. So always buy when the market dips and never lose patience by buying it but holding for long time is best.

Yet many are glad they got into crypto because investing in Bitcoin was a turning point for them financially, one of the best decisions they ever made. Bitcoin investing must have a strategy, if you don't have a strategy and randomly start investing in the Bitcoin market, you will face losses in the future. If you are waiting for the market to go down a lot, invest when the market is going down, you can't really tell when the opportunity will come. If you plan to invest DCA in Bitcoin long term you need to have an additional source of income. If you don't have an additional source of income then at some point you can leave the investment. DCA investing is where you spread your purchases over time rather than making one big investment. It will help you in timing the market and the risk of the market getting high. If you consistently buy bitcoins at different prices you can recoup your investment costs. Buy more when the market goes down and invest less when the market goes up and continue for the long term with patience. Hold your Bitcoin tight and profit from it in the future.

DCAing don't really matter if the market is high or low, so you don't have to wait till the market value goes down before investing. I agree with you about having an additional income or having a major source of income if you want to apply the DCA method, however making one big investment too is another strategy which is mostly the long sum method, which for me I believe is for people that have the purchasing powers to do so, however the whole idea is to best use a strategy that suits your income.

[cxtreenal]

Example let's say I want to start investing right now in bitcoin and I have a monthly income of 1000$(it's assumption figures) and I decide that I want to invest about 300$ from that amount into a weekly DCA investment which should be about 75$ weekly invested in bitcoin and then I also had some cash from my savings that I also wanted to use to invest in bitcoin maybe to give myself some kind of head start and the money was about 3000$ and I decide to use 1500$ to invest right away, that is what a lump sum buying would mean.

Assuming your monthly salary is $1000, now you will invest $1000 every month or every week consistently. In this case, first of all, you need to confirm how much money you can spend every month on family management, children's education expenses, electricity bills and other sectors. Once you figure out these expenses, you can of course calculate how much money you have left over at the end of the month. You can consistently invest 60 to 70 percent of the money you have left over, minus all incidental expenses, within $1,000. After investing 60% to 70% consistently, you can save the remaining 40% or a part of 30% and keep some money for your spending. If you can invest with this plan then I am sure it will be very easy to hold your investment and you will be able to keep your investment for a long time and you will be able to consistently maintain your investment consistency.

It's OK to invest in the DCA method. Assuming $1000 or more, you can easily work out the numbers on paper no matter how you calculate them. It is easy to say but very difficult to do. But I'm not belittling you here, you definitely can if you try. However, if you get a $1000 salary, the most important thing is how much money you can save there. As people's income increases, their needs and family luxuries increase, the more you can control yourself. How much are you able to face the challenge of saving money in particular terms? If you can control the amount of your monthly salary, your spending rate from the first week of the month to the third week of the month, you can execute DCA properly by applying the investment in the last week of the month.

Even after earning $1000 and living a good life, he must plan for his future and when he plans for his future, he can invest part of his income if he wants. Investing doesn't depend on how much money you are earning every month, basically investing depends on the individual. If the person wants to invest then he can invest even earning a relatively small amount of money. You have contradicted me by saying that it is easy to think about something but difficult to act on it, to which I will tell you that if you have a sincere desire you can do anything.

Undoubtedly, your mentality is a big factor in investing in Bitcoin. Then here the extra money acts as the driving force.It is inevitable that the provider of money and its collective income should come from a certain source. Investment depends on your income per month.If you do not have enough income as an individual, what do you deposit? What's the point if you have a lot of desire but no money? Would you borrow the money and invest in Bitcoin? If you want to, that's a different matter.
There are many talented investors who could not develop their talent in the market due to lack of money. So I would say it is very important to have enough money supply with investing mentality will to invest in Bitcoin.

[Ojima-ojo]

Undoubtedly, your mentality is a big factor in investing in Bitcoin. Then here the extra money acts as the driving force.It is inevitable that the provider of money and its collective income should come from a certain source. Investment depends on your income per month.If you do not have enough income as an individual, what do you deposit? What's the point if you have a lot of desire but no money? Would you borrow the money and invest in Bitcoin? If you want to, that's a different matter.
There are many talented investors who could not develop their talent in the market due to lack of money. So I would say it is very important to have enough money supply with investing mentality will to invest in Bitcoin.

What the exsense and of having the desire if you are not able to buy in on the assets that you desired to invest in, and what the basis for you to have a desire in the First place, although every great achievement and development comes first as desires but that desire need to be accompanied with the right resources to back it up and making it a reality.

Some bitcoin investors, struggled to invest through with they small income, sacrificing and letting go of things just to have the spear cash to invest in bitcoin, that is the practical practice of desire and actions, the other group who may fall into the category on unable to invest are just not having desire but just a wish.

[AirtelBuzz]

DCAing don't really matter if the market is high or low, so you don't have to wait till the market value goes down before investing. I agree with you about having an additional income or having a major source of income if you want to apply the DCA method, however making one big investment too is another strategy which is mostly the long sum method, which for me I believe is for people that have the purchasing powers to do so, however the whole idea is to best use a strategy that suits your income.

Yes those who invest in the DCA method have no impact on their investment even if the price of Bitcoin falls or rises because they buy Bitcoins with a fixed amount at a fixed time.But for doing DCA, everyone needs to have a specific plan so that he can keep his money invested in Bitcoin according to his ability according to that plan. However, having an additional income opportunity to invest in the DCA method is beneficial for us because we can invest the money in Bitcoins without needing our earned money.

however making one big investment too is another strategy which is mostly the long sum method,

Investing big is another strategy but not everyone can adopt this strategy as not everyone has equal amount of money. The DCA method may be best for those who do not have the funds to purchase large amounts of Bitcoin at once, i.e. those who cannot make large investments.But now many big investors are adopting DCA method to continue their investment continuity.In fact, one of the benefits of investing in DCA is that the investment continues and the Bitcoin holding continues.

[JayJuanGee]

When it comes to Bitcoin investment we have to base on many factors otherwise it will never be possible to make money from Bitcoin investment. Especially when a trader buys bitcoins for investment with his own money he must follow some tips. For example, one should buy when the market is deep and mark the time when one buys so that even if the market goes down, one can buy again later. Moreover, a user must plan long-term investments so that after purchasing from the market, he can hold it for a long time if it goes down. A user must be patient enough and disciplined when buying bitcoins for long term holding. One should never lose patience to hold bitcoins but one should hold with patience but success is possible. DCA must be practiced when buying bitcoins but the losses will be minimal, and when he invests using this method it must be for the long term. When you invest you have to take risks without risk you can never be successful. And if you invest, you must always start with a small amount of money and if you gradually increase the amount of money, at some point the fraction of bitcoins will be very high. As we can see the price of Bitcoin is constantly increasing and when you keep investing as per amount you will get profit as per the fraction of Bitcoin at a time with higher price of Bitcoin. So always buy when the market dips and never lose patience by buying it but holding for long time is best.

Yet many are glad they got into crypto because investing in Bitcoin was a turning point for them financially, one of the best decisions they ever made. Bitcoin investing must have a strategy, if you don't have a strategy and randomly start investing in the Bitcoin market, you will face losses in the future. If you are waiting for the market to go down a lot, invest when the market is going down, you can't really tell when the opportunity will come. If you plan to invest DCA in Bitcoin long term you need to have an additional source of income. If you don't have an additional source of income then at some point you can leave the investment. DCA investing is where you spread your purchases over time rather than making one big investment. It will help you in timing the market and the risk of the market getting high. 

DCA does not help in timing the market, especially since it is the exact opposite, especially if DCA is exercised in a strict form, which means that you buy no matter what the BTC price on a regular basis that is based on your available cash rather than how much the BTC price happens to be.

So DCA allows an ability to invest into BTC in what ever level of whimpiness and/or aggressiveness that you want to employ while at the same time being better able to manage your personal cashflow because you are making investments into BTC in an incremental way rather than potentially stressing your finances with lump sum investing and/or other ways of trying to strategize your buys based on BTC price movements.

If you consistently buy bitcoins at different prices you can recoup your investment costs.

That is not true.  There are no guarantees in bitcoin, except that if you invest without using leverage than you are guaranteed to not lose any more than 100% of what you invest.
 

Buy more when the market goes down and invest less when the market goes up

 This is also not a correct way of describing DCA.  DCA buys the same amount of BTC based on your own cashflow situation, so if the BTC price is down, you end up getting more BTC for the same amount of cash spent on it, and you would get less BTC if the BTC price is up.

If you are changing the amounts of BTC that you buy based on price, then you are employing some variation of buying on dips rather than DCA, and you can do whatever you want, but you should not be calling buying on dips DCA, since they are different, and sure you can combine them and create a hybrid system that you choose to follow, yet changing the amount that you buy based on price changes, is not a strict DCA approach... and probably the newest of people trying to establish an initial stake in bitcoin should not be overly occupied about their costs per BTC and/or trying to strategize dips, except maybe within some fairly strict guidelines in which they execute their weekly DCA no matter what within the week, even though they might try to buy dips within the week, yet at the same time recognizing that they are no longer employing a strict DCA approach that would just buy BTC regularly no matter the BTC price with whatever amount of dollars (or fiat) that you have authorized for that period based on your own cashflow considerations that again are not based on BTC prices.

and continue for the long term with patience. Hold your Bitcoin tight and profit from it in the future.

Sure this part is true, except profits are not guaranteed... even though bitcoin remains amongst the best, if not the best, asymmetric bet available to people all around the world and to all income levels.. as long as you have some amount of a disposable income.

[ginsan]

I agree with some opinions about DCA where there is nothing you need to think about other than your focus on buying Bitcoin on an ongoing basis where you buy BTC regularly every week. No need to do it aggressively but just adjust it to the same budget as you did for your first purchase. With DCA, you don't need to worry about the price going down because while you are still in the accumulation stage, the price drop is a big enough opportunity to continue buying Bitcoin.

You can focus on investment targets every year because I have implemented this where the first year goes quite smoothly and that way we can focus on the following year. Bitcoin can change your life if you are smart in investing in Bitcoin. The meaning of being smart is holding it for the long term without being burdened by thoughts that haunt you.