Buy the DIP, and HODL!

[Barikui1]

So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

Exactly. Delaying their bitcoin journey, not knowing that if they miss this bull run, the next time they will find it will be 4 years after the next halving.

So many people are not aware of this, that the crypto market is divided into the bull run and the bearish market. The best time to invest in bitcoin is during the bearish market, and of bull run, have a selected price tag to sell some part of your bitcoin and hodl the rest because no one knows what the price of bitcoin will be in the future

I completely disagree with you on this because it will make you  waiting for too long before entering the market as you are not certain about how long the bullish market will be and at what level will the bearish is going to be too there by missing good buying opportunity, there is no point waiting for the bearish market before making purchases as the price point you are considering to be high can as well be consider to a dip tomorrow because  Bitcoin will ever be going higher, you can consider the historical significance of Bitcoin from it's inception till date. But with your dca strategy you can make purchases at different intervals irrespective of the price point while making preparations for the ups and down that may or may not happen which includes buying during the bearish market which will apparently give you more Bitcoin with the same amount of money than it's previous high. The first best time is or would have been yesterday and the second best time is today such that waiting for any bearish market will lead to procrastination of ever buying Bitcoin.

Yes, you are actually right bro, their is no better time to invest in Bitcoin than now, just take a look at those people waiting for the price of Bitcoin to deep before they buy, they mostly lose so many buying opportunities and most times procrastination usually set in because they always have that feeling that it will go even deeper, which most times never happened, and they will keeps on making excuses why they haven't bought Bitcoin.

But with the DCA method, you buy regardless of the price range and you also buy even the deepest part of the deep, and by doing so, you can never run loss as a long term holder, as long as measures are already in place, something like having a source of income and an emergency fund, so that you won't have to look at your investment anytime you are In pressing financial needs, and you wouldn't have to eat your investment bit by bit till it has been exhausted.

[Troytech]

You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.

I see that DCA is for anybody that has a steady source of income that can be able to accumulate as little as $5 to $10 per week because if you want to be rich I don think you would be able to accumulate. When you are talking about little income, you should be able to clarify the type of income. Each an everyone has its own source of income generation and the capacity it can carry . Provided that the amount he receives can be able to help him accumulate btc and emergency fund just like everyone has been saying in this thread, I believe he has to go. Everyone has the amount dey revieve it ranges from $50 $100 $200 $250 $300 and so on. In a situation where you receive any of this amount, you can schedule or program your self on how to arrange the DCA, emergency and reserved fund . So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

I don't think it's necessary for him to mention any amount as little income, reason being that what's little to you might be big for others and vice versa. It's is now left for the investor to determine which amount is to be considered little or that's appropriate for them to invest. Believe me if he mention any amount here as a base for little amount, there are people here who will quote him and say they disagree that such amount is too big to be considered as little. From the amount of money you listed above, there are people who are earning less than that, yet they are still making their DCA regularly. We shouldn't use the condition of things around and judge as the basic, there are people who live in countries where there minimum wage is less than the $50 you listed above. So when he said little amount, your condition of living will now determine what will be little to you.

One can use any amount he or she can afford to start accumulating Bitcoin with the use of DCA strategy. As long you are being persistent with it , beside ones earning can't be stagnant. So as your sources increases same goes with your cashflow, so as your Bitcoin accumulation should also what increase. For instance, Mr. A earnings was around $50 and Mr. A is an investor who's interested in , investing in Bitcoin Mr. A may decide to allocate 30% of his earning into his Bitcoin accumulation using DCAing, which means he will be purchasing $15 worth of Bitcoin every weeks . So if by any chances Mr. A earnings undergo an increment to $100 . He may choose to increase his allocation percentage to 50% while he use the other percentage for his emergency funds. His DCAing rate would increase, because he would then be purchasing $50 worth Bitcoin weekly . And it may also decide to use other strategy to accumulate more quantities of bitcoin depends on his situation at then .

Each person has to figure out what percentage s/he can allocate to bitcoin without putting a strain on himself, yeah at times we may feel that we are so far behind and want to allocate or be too aggressive to bitcoin but at same time we should draw a line between been overly aggressive and been normally aggressive. Your hypothetical made mention of guy A investing up to 30% of his earning into bitcoin from just 50$ , while I won't be a judge and I don't know how well he can cut down his expenses, but i think even for a student investing that much might be too much especially if your just starting out and have a lot of other stuff you should be worried about like having an emergency funds, and other bills you need to pay. You know it doesn't matter how small you are investing as long as your investing with money you won't miss (disposable income), anyone investing long term out of this line is actually gambling, cause although we belive bitcoin would continue to exist for up to 10 years and give us profits, we should also have in mind that the future remains unpredictable and try to also approach life same way.

[Salahmu]

You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.

So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

Yes, people don't need to be rich before they can start investing in bitcoin, but they need a good income source that can cover their expenses so they can accumulate bitcoin without finding it hard to solve their unforeseen financial problems. This will allow them to hold their bitcoin for the expected year they want to sell it. 

While going through you all comments on this thread, I had a thought may be one of a genius not to hype myself about it but what do you all think about Incorporating both the Dip and hold with the DCA strategies.

To further elaborate further, what if you only apply the DCA strategy when it’s a bear market that way you’re constantly buying BITCOIN at a low rate you can simply set a stop price in your head of when to stop buying more BITCOIN and simply hold till it’s next bear market, This would aid you in accumulating a lot more through this what do you guys think is it all craziness

Mate, what you explained is not the DCA strategy, but buying the bitcoin dip. The DCA strategy is when you invest in a fixed amount of money like $30 at a regular interval regardless of the market condition. As a newbie just stick with the DCA strategy so that you will not mess up your bitcoin accumulation plan. The DCA strategy will help to control the volatility part of bitcoin in your bitcoin portfolio and also control your emotions.

You are wrong about it because DCA is not just investing a particular amounts of money on a weekly or monthly basis, so however there is no fixed amount in DCA unless you have the funds that can enable you maintain a particular amounts of investment on Bitcoin, so actually there are sometime during the accumulation of Bitcoin through the DCA you could run out of funds or at that particular period you do not have enough funds to accumulate the exact amount you normally do on weekly basis, so perhaps you should be able to adjust yourself in a way that you can accumulate with the little you can afford or you can extend the accumulation to monthly basis depending on how it will be suitable for you. So don't misunderstand DCA strategy to be a fixed investment strategy because this is contrary to the purpose of DCA strategy because one of the purpose of DCA strategy is to help those with a smaller capital to invest the way they feel is okay for their financial state.

[teamsherry]

DCA method means regular investment method. All investors can be successful by investing in this way. Because it is a successful method of investing for a long time, I definitely invested in it and I have continued this investment for the last two months. However, this Bitcoin DCA method will remain active for two more halvings.

Yes investing in DCA method must continue for long term, if you don't invest in DCA method for long term you will not be successful. Currently the price of bitcoin is going up and down so it is better to invest in DCA method at this time, because you can buy bitcoins at average price if you invest in DCA method. If you can continue with DCA method for 8-10 years in long term then you can definitely be a successful investor. If you invest small amount in DCA method then at some point your investment amount will increase a lot. So keep investing with DCA method.

The DCA despite not been capital intensive really need a stable source of income to enable investors mind to totally not been centered on it as source of sustainable investment when unforseen circumstances occurred because this is the reason why most investment is not able to meet up the requirements of long term hold or practice as the case may be.

I see DCA as investment that require investors to maintain it proposed time interval no matter the course of challenges and flee away emotional or any rational thinking when ever the investment had already been entered or kick start.

DCA is the best among all the strategies on the system as it accommodate all kind of investment peradventure one is able to meet the term or contract or investment . At first I was grips with phobia on how to go about investment on BTC but hearing about the DCA method and after reading from the beneficiary of this method my heart gladding for I have hope to partake on BTC investment, entering interested this method strategy one really need made proper decision and be able to maintain the terms and conditions because it's the only way where huge benefits can be obtained at the end

No mate I think there is a little confusion here, the purpose of the DCA method or rather a stable source of income is not to ensure you don't sell of your holdings on the long run, that's is the purpose of having an emergency funds around, someone can have a steady source of income even very well high paying and consistent with his DCA and does not have an emergency funds or decides that it wasn't so important and chose not to build it or keep it around would surely sell of his holdings when a serious emergency comes up that threatens him, and on the other hand I might have a little income and not very steady and I have a well build emergency funds of up to 3-4 months of expenses, I would be I a better position of holding my bitcoin longer than someone with steady income.

So the point is not to have very huge funds, while it is good so you could accumulate more, it would be better if you also build your emergency funds cause that's the only rela insurance you won't be selling off your bitcoin.

[Berry2d]

You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.

I see that DCA is for anybody that has a steady source of income that can be able to accumulate as little as $5 to $10 per week because if you want to be rich I don think you would be able to accumulate. When you are talking about little income, you should be able to clarify the type of income. Each an everyone has its own source of income generation and the capacity it can carry . Provided that the amount he receives can be able to help him accumulate btc and emergency fund just like everyone has been saying in this thread, I believe he has to go. Everyone has the amount dey revieve it ranges from $50 $100 $200 $250 $300 and so on. In a situation where you receive any of this amount, you can schedule or program your self on how to arrange the DCA, emergency and reserved fund . So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

It doesn't necessarily need to be a steady income, I could be a money that comes once in 3 months, 6 months or such intervals and you decide to divide that amount into parts and invest them on intervals instead of buying with all the amount at once, so yeah the idea of having a steady income leads to the fact that for DCA and accumulating bitcoin to give you the best results you have to be kind of steady and consistent in doing so, so some folks that haven't got a steady income can at times pause or stop due to their money getting exhausted and at times even us up their reserves if they have quite the appetite for buying bitcoin, and your emergency funds also has nothing in to do with steady income, its just like that savings we never touch and we build just to insure that we never sell our holdings based on misfortunes or emergencies and this should be up to 3 months of your expenses to be potent enough.

I might not be a regular poster here but with the little I have read in this thread it needs a steady income to be able to withstand the accumulation process. The 3 to 6 months you are talking about, looks like the lump sum method which may not work for every bitcoin investor. Gradually investing what you can afford is better than waiting to invest big. Sometimes the little investment you see as nothing will shuck you when you see the results after so many years of regular investment. And not every body is opptunesd to see money in bulk. We should be able to manage the little we have than expecting so much before investing. You should have been in beter position to know by now because you are one of a regular poster here as I have read you posts here.

[adultcrypto]

It doesn't necessarily need to be a steady income, I could be a money that comes once in 3 months, 6 months or such intervals and you decide to divide that amount into parts and invest them on intervals instead of buying with all the amount at once, so yeah the idea of having a steady income leads to the fact that for DCA and accumulating bitcoin to give you the best results you have to be kind of steady and consistent in doing so, so some folks that haven't got a steady income can at times pause or stop due to their money getting exhausted and at times even us up their reserves if they have quite the appetite for buying bitcoin, and your emergency funds also has nothing in to do with steady income, its just like that savings we never touch and we build just to insure that we never sell our holdings based on misfortunes or emergencies and this should be up to 3 months of your expenses to be potent enough.

I might not be a regular poster here but with the little I have read in this thread it needs a steady income to be able to withstand the accumulation process. The 3 to 6 months you are talking about, looks like the lump sum method which may not work for every bitcoin investor. Gradually investing what you can afford is better than waiting to invest big. Sometimes the little investment you see as nothing will shuck you when you see the results after so many years of regular investment. And not every body is opptunesd to see money in bulk. We should be able to manage the little we have than expecting so much before investing. You should have been in beter position to know by now because you are one of a regular poster here as I have read you posts here.

That is not entirely correct, you don't need steady income to starting investing in bitcoin. A contractor whose income does not flow regularly can still invest in bitcoin when he is able to execute a contract and make good funds. All he just need to do is to set aside part of any bulk payment he receives for investment in bitcoin while he use the remaining for his personal needs pending when he receives another payment from executing more jobs. Let's take for example, a contractor receives $50,000 as profit for a job he has done, he can decided to set aside as little as 10% which is $5,000 to be invested using weekly or monthly DCA. This way he could spread the investment in such a way that before he exhaust the funds completely, he would have received another cash inflow.

Many people make the mistake of not investing in bitcoin because they want to have huge amount of money before they get started. Even people who could afford to invest $20 weekly without blinking an eye, just because they want it big they refused to invest. There was a time I was thinking that bitcoin investment is for the rich, many people are even still nurturing such wrong notion. It took me a while before realising that any income class can actually invest in bitcoin.  Learning about the DCA method also helped a lot in making me see what I can achieve with little amount invested regularly in bitcoin.

[Mr.suevie]

It doesn't necessarily need to be a steady income, I could be a money that comes once in 3 months, 6 months or such intervals and you decide to divide that amount into parts and invest them on intervals instead of buying with all the amount at once, so yeah the idea of having a steady income leads to the fact that for DCA and accumulating bitcoin to give you the best results you have to be kind of steady and consistent in doing so, so some folks that haven't got a steady income can at times pause or stop due to their money getting exhausted and at times even us up their reserves if they have quite the appetite for buying bitcoin, and your emergency funds also has nothing in to do with steady income, its just like that savings we never touch and we build just to insure that we never sell our holdings based on misfortunes or emergencies and this should be up to 3 months of your expenses to be potent enough.

I might not be a regular poster here but with the little I have read in this thread it needs a steady income to be able to withstand the accumulation process. The 3 to 6 months you are talking about, looks like the lump sum method which may not work for every bitcoin investor. Gradually investing what you can afford is better than waiting to invest big. Sometimes the little investment you see as nothing will shuck you when you see the results after so many years of regular investment. And not every body is opptunesd to see money in bulk. We should be able to manage the little we have than expecting so much before investing. You should have been in beter position to know by now because you are one of a regular poster here as I have read you posts here.

That is not entirely correct, you don't need steady income to starting investing in bitcoin. A contractor whose income does not flow regularly can still invest in bitcoin when he is able to execute a contract and make good funds. All he just need to do is to set aside part of any bulk payment he receives for investment in bitcoin while he use the remaining for his personal needs pending when he receives another payment from executing more jobs. Let's take for example, a contractor receives $50,000 as profit for a job he has done, he can decided to set aside as little as 10% which is $5,000 to be invested using weekly or monthly DCA. This way he could spread the investment in such a way that before he exhaust the funds completely, he would have received another cash inflow.

Many people make the mistake of not investing in bitcoin because they want to have huge amount of money before they get started. Even people who could afford to invest $20 weekly without blinking an eye, just because they want it big they refused to invest. There was a time I was thinking that bitcoin investment is for the rich, many people are even still nurturing such wrong notion. It took me a while before realising that any income class can actually invest in bitcoin.  Learning about the DCA method also helped a lot in making me see what I can achieve with little amount invested regularly in bitcoin.

The thing about this whole investment in bitcoin is that the investor need to understand the context of consistency and what it can do because its exactly what pushes some great men out of the same league with people that are even having more than they have.  When you are consistent with your holdings, you would be surprised the length you will go at the end of staying consistent with whatever you are doing.

[Jating]

It doesn't necessarily need to be a steady income, I could be a money that comes once in 3 months, 6 months or such intervals and you decide to divide that amount into parts and invest them on intervals instead of buying with all the amount at once, so yeah the idea of having a steady income leads to the fact that for DCA and accumulating bitcoin to give you the best results you have to be kind of steady and consistent in doing so, so some folks that haven't got a steady income can at times pause or stop due to their money getting exhausted and at times even us up their reserves if they have quite the appetite for buying bitcoin, and your emergency funds also has nothing in to do with steady income, its just like that savings we never touch and we build just to insure that we never sell our holdings based on misfortunes or emergencies and this should be up to 3 months of your expenses to be potent enough.

I might not be a regular poster here but with the little I have read in this thread it needs a steady income to be able to withstand the accumulation process. The 3 to 6 months you are talking about, looks like the lump sum method which may not work for every bitcoin investor. Gradually investing what you can afford is better than waiting to invest big. Sometimes the little investment you see as nothing will shuck you when you see the results after so many years of regular investment. And not every body is opptunesd to see money in bulk. We should be able to manage the little we have than expecting so much before investing. You should have been in beter position to know by now because you are one of a regular poster here as I have read you posts here.

That is not entirely correct, you don't need steady income to starting investing in bitcoin. A contractor whose income does not flow regularly can still invest in bitcoin when he is able to execute a contract and make good funds. All he just need to do is to set aside part of any bulk payment he receives for investment in bitcoin while he use the remaining for his personal needs pending when he receives another payment from executing more jobs. Let's take for example, a contractor receives $50,000 as profit for a job he has done, he can decided to set aside as little as 10% which is $5,000 to be invested using weekly or monthly DCA. This way he could spread the investment in such a way that before he exhaust the funds completely, he would have received another cash inflow.

Many people make the mistake of not investing in bitcoin because they want to have huge amount of money before they get started. Even people who could afford to invest $20 weekly without blinking an eye, just because they want it big they refused to invest. There was a time I was thinking that bitcoin investment is for the rich, many people are even still nurturing such wrong notion. It took me a while before realising that any income class can actually invest in bitcoin.  Learning about the DCA method also helped a lot in making me see what I can achieve with little amount invested regularly in bitcoin.

The thing about this whole investment in bitcoin is that the investor need to understand the context of consistency and what it can do because its exactly what pushes some great men out of the same league with people that are even having more than they have.  When you are consistent with your holdings, you would be surprised the length you will go at the end of staying consistent with whatever you are doing.

And that's where DCA will enter the picture, and it is what the experience trader here in our community will advise. And it's obvious, you don't need huge capital to begin with, and regardless of what is the price of Bitcoin, you can slowly accumulate and without you knowing, maybe in weeks or months you could have save a lot in your wallet.

It's really effective though, used this method myself and I was really surprise how easy this strategy is as I have total control of how much money I will invest, meaning the old adage of "invest what you can afford" mantra. It will be mentally tough grinding weeks after weeks, but if you have a goal then you can get over that psychology and you will be amazed that you have invested x amount in x weeks already and your wallet is growing.

[Onyeeze]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

[Jaycoinz]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

It's a well known fact that there is no limitation to when you can actually buy Bitcoin but it's always advisable that the bear season is probably the best time for that or you can decide to do as the thread name implies which is to buy the Dip and HODL it. Bitcoin investment is something that requires planning although not much planning because I believe it's not that complex just get the basis right and be on your patience game and I think you good to go and don't ever think of getting the profits through short cuts like trading because that's where most investors go wrong and they gamble their HODLing and sometimes end up not being able to continue with their plans as normal.

[Troytech]

You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.

I see that DCA is for anybody that has a steady source of income that can be able to accumulate as little as $5 to $10 per week because if you want to be rich I don think you would be able to accumulate. When you are talking about little income, you should be able to clarify the type of income. Each an everyone has its own source of income generation and the capacity it can carry . Provided that the amount he receives can be able to help him accumulate btc and emergency fund just like everyone has been saying in this thread, I believe he has to go. Everyone has the amount dey revieve it ranges from $50 $100 $200 $250 $300 and so on. In a situation where you receive any of this amount, you can schedule or program your self on how to arrange the DCA, emergency and reserved fund . So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

It doesn't necessarily need to be a steady income, I could be a money that comes once in 3 months, 6 months or such intervals and you decide to divide that amount into parts and invest them on intervals instead of buying with all the amount at once, so yeah the idea of having a steady income leads to the fact that for DCA and accumulating bitcoin to give you the best results you have to be kind of steady and consistent in doing so, so some folks that haven't got a steady income can at times pause or stop due to their money getting exhausted and at times even us up their reserves if they have quite the appetite for buying bitcoin, and your emergency funds also has nothing in to do with steady income, its just like that savings we never touch and we build just to insure that we never sell our holdings based on misfortunes or emergencies and this should be up to 3 months of your expenses to be potent enough.

I might not be a regular poster here but with the little I have read in this thread it needs a steady income to be able to withstand the accumulation process. The 3 to 6 months you are talking about, looks like the lump sum method which may not work for every bitcoin investor. Gradually investing what you can afford is better than waiting to invest big. Sometimes the little investment you see as nothing will shuck you when you see the results after so many years of regular investment. And not every body is opptunesd to see money in bulk. We should be able to manage the little we have than expecting so much before investing. You should have been in beter position to know by now because you are one of a regular poster here as I have read you posts here.

I still seriously feel you hardly read anything as you said cause you just misunderstood me or quoted the wrong person, I never said that a lump sum investment would be more perfect for the guy than the DCA method and more over the hypothetical or illustration was used to explain a guy with irregular income that decided to not invest at once since he had an inconsistent income and felt that if he divide the allocation into parts and invests on intervals, then Jay went further to explain that if his income is irregular that they could even some uncertainties in knowing if the money would come or not and if we are sure that this money would come on as 3k in 3months then we can easily do the maths and figure out how much would be going into his expense which comes first and some part might be fixed and some part not, and while this calculation or budget seems to be most important for this guy is cause he has to make sure he doesn't run out of cash to cover for his expenses before he receives another cash, so yeah he has to keep his floats, reserves and emergency funds good from this cash, then with whatever discretionary income he has he might chose to hold maybe until his investment time is over or untill he receives another pay cheque.

I think you should read for yourself and have a better understanding from his quote below.

You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.

I see that DCA is for anybody that has a steady source of income that can be able to accumulate as little as $5 to $10 per week because if you want to be rich I don think you would be able to accumulate. When you are talking about little income, you should be able to clarify the type of income. Each an everyone has its own source of income generation and the capacity it can carry . Provided that the amount he receives can be able to help him accumulate btc and emergency fund just like everyone has been saying in this thread, I believe he has to go. Everyone has the amount dey revieve it ranges from $50 $100 $200 $250 $300 and so on. In a situation where you receive any of this amount, you can schedule or program your self on how to arrange the DCA, emergency and reserved fund . So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

It doesn't necessarily need to be a steady income, I could be a money that comes once in 3 months, 6 months or such intervals and you decide to divide that amount into parts and invest them on intervals instead of buying with all the amount at once, so yeah the idea of having a steady income leads to the fact that for DCA and accumulating bitcoin to give you the best results you have to be kind of steady and consistent in doing so, so some folks that haven't got a steady income can at times pause or stop due to their money getting exhausted and at times even us up their reserves if they have quite the appetite for buying bitcoin, and your emergency funds also has nothing in to do with steady income, its just like that savings we never touch and we build just to insure that we never sell our holdings based on misfortunes or emergencies and this should be up to 3 months of your expenses to be potent enough.

Your right, DCA must not be for those with steady income, although it would have been netter if you used some illustration like Jay does, let me try if I cam get this right.

Let's assume a guy might have received a government fund that comes 4 times a year on equal or irregular intervals and this amount is 3k, so he decides to invest 1k into bitcoin and yeah he should just go and buy Bitcoin right away with all the funds but instead of that he decides to divide that money into 12 parts which should be 83$ each approximately so that it would meet up till the next time that money comes, and one good advantage of this, is it that you don't have to worry about volatility or price changes, so for many reasons we mostly recommend it for beginners and I guess you should try it too. Hope your right now@ berry2d

Of course,  if you are going to attempt to describe some kind of an unsteady or irregular income, you would attempt to describe what it is, and there might be some certain aspects and there may well be some uncertain aspects, so it usually is not going to be exactly known, especially if it is an income that happens so infrequently.

But yeah, if he knows for sure it is going to be right around $3k every 3 months, then that does allow him to figure out how much he has left after expenses, yet even expenses, may well have some aspects that are certain and other aspects that vary.  Some aspects of the expenses are discretionary and some aspects are somewhat fixed.  Housing costs, utilities and transportation might be somewhat fixed (within a small range of variability)  Food expenses might have some upper and lower boundaries, and surely there might be choices to spend a bit more on good quality food, and to cut back on eating in restaurants.. yet there still could be some variability that helps to dictate how much funds need to be held in reserves or as a float.. and surely the emergency fund would ONLY end up being their in an actual emergency rather than being used as a float or as reserves.

When the income is so irregular, there may also be some preference to hold back on any investing that it made, so maybe the person knows his expenses are somewhere between $500 and $700 per month, so that is going to leave him with between $300 and $500 of discretionary income per month, but he is afraid to spend his discretionary income until towards the end of the investment period or maybe even after he gets his next payment.. so he kind of holds all or most of his discretionary income in reserves until his next paycheck comes in.. .. Another thing that he could do is to spend $30 per week no matter what on bitcoin, so then that would largely mean that he is already making a choice, and he would have to subtract $120-ish each month from the remaining part of his discretionary income, and he would decide what to do with any of the extra when either it comes close to his receiving his next check or maybe not until the next check is actually in his hands.. since we cannot really know that we are going to have the money until we actually have it. .so we might have to keep some extra spare money, especially if our payments are so infrequent. .and even worse if they are irregular too... .since sometimes the date of payment and the amount might be uncertain.. but maybe worse case scenarios it is ONLY $1,200 every 3 months and best case scenarios it is $4,800, but most of the time, it is right around $3k every 3 months, and plans should be made around any of those kinds of particular irregularities, including that sometimes guys are able to add extra sources of income in order to help to lessen some of the pressures of the extent of the irregularities that they are experiencing.

[Mayor of ogba]

You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.

So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

Yes, people don't need to be rich before they can start investing in bitcoin, but they need a good income source that can cover their expenses so they can accumulate bitcoin without finding it hard to solve their unforeseen financial problems. This will allow them to hold their bitcoin for the expected year they want to sell it. 

While going through you all comments on this thread, I had a thought may be one of a genius not to hype myself about it but what do you all think about Incorporating both the Dip and hold with the DCA strategies.

To further elaborate further, what if you only apply the DCA strategy when it’s a bear market that way you’re constantly buying BITCOIN at a low rate you can simply set a stop price in your head of when to stop buying more BITCOIN and simply hold till it’s next bear market, This would aid you in accumulating a lot more through this what do you guys think is it all craziness

Mate, what you explained is not the DCA strategy, but buying the bitcoin dip. The DCA strategy is when you invest in a fixed amount of money like $30 at a regular interval regardless of the market condition. As a newbie just stick with the DCA strategy so that you will not mess up your bitcoin accumulation plan. The DCA strategy will help to control the volatility part of bitcoin in your bitcoin portfolio and also control your emotions.

You are wrong about it because DCA is not just investing a particular amounts of money on a weekly or monthly basis, so however there is no fixed amount in DCA unless you have the funds that can enable you maintain a particular amounts of investment on Bitcoin, so actually there are sometime during the accumulation of Bitcoin through the DCA you could run out of funds or at that particular period you do not have enough funds to accumulate the exact amount you normally do on weekly basis, so perhaps you should be able to adjust yourself in a way that you can accumulate with the little you can afford or you can extend the accumulation to monthly basis depending on how it will be suitable for you. So don't misunderstand DCA strategy to be a fixed investment strategy because this is contrary to the purpose of DCA strategy because one of the purpose of DCA strategy is to help those with a smaller capital to invest the way they feel is okay for their financial state.

The DCA strategy has to do with a fixed amount of money because investors set out a percentage from their income source, which can be 10%, 20%, or 30% depending on their salary, to accumulate bitcoin weekly or monthly. If you are accumulating without a fixed amount of money, you can use the money that is meant for another purpose to accumulate bitcoin. You will find it hard to survive, and you may be tempted to sell your bitcoin investment to survive. There is a case where you find yourself running a project, and the funds you will use will not allow you to achieve the project. Then you can adjust the amount of money you use to accumulate bitcoin, whether weekly or monthly. For instance, if you used to use $20 to accumulate bitcoin weekly or monthly, you will reduce it to $10 so that you will have enough money to complete your project.

[I_Anime]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

It's a well known fact that there is no limitation to when you can actually buy Bitcoin but it's always advisable that the bear season is probably the best time for that or you can decide to do as the thread name implies which is to buy the Dip and HODL it. Bitcoin investment is something that requires planning although not much planning because I believe it's not that complex just get the basis right and be on your patience game and I think you good to go and don't ever think of getting the profits through short cuts like trading because that's where most investors go wrong and they gamble their HODLing and sometimes end up not being able to continue with their plans as normal.

There's no need to wait for the dip or bear market, just continue with your DCA strategy. Because the dip you might be hoping for may not occur. So just focus on your weekly or monthly DCA purchasing ( I prefer weekly though). As a long-term investment don't settle down for short goals. Because to me $100k is a short goals, because bitcoin is going to surge beyond that .

[Tmoonz]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

It's a well known fact that there is no limitation to when you can actually buy Bitcoin but it's always advisable that the bear season is probably the best time for that or you can decide to do as the thread name implies which is to buy the Dip and HODL it. Bitcoin investment is something that requires planning although not much planning because I believe it's not that complex just get the basis right and be on your patience game and I think you good to go and don't ever think of getting the profits through short cuts like trading because that's where most investors go wrong and they gamble their HODLing and sometimes end up not being able to continue with their plans as normal.

 That is short sighted or probably one of the trading strategy, It has been said severally that there is no best time to buy Bitcoin any time you buy is the best time if you have a long term perspective or plan, yes buying when there is price drop can be good as it gives you more Bitcoin at same amount than it's previous high, but that doesn't  make much of the different from those that bought at the peak price if only they can hodl for longer time, because the more quantity of Bitcoin you have and how long you were able to hodl is what matters most. There is no reason saying that the best time of buying is during the bearish season probably that strategy will be best in shitcoins that doesn't have long term potential as when compared with Bitcoin which is not what we are talking about here. Generally, the best approach is to be in the market with your dca while making other plans for the ups and down that may or may not happen, such as keeping aside some reserved funds that you will  use to buy Bitcoin when there is a price drop which will give you that opportunity of buying more Bitcoin with same amount from it's previous high, buying during the bearish season should only be seen as an added advantage and not a strategy to complete rely on because it Bitcoin investment not shitcoin.

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

We are not discussing any form of Short term investment rather what we are discussing is strategies of accumulating Bitcoin for long term investment of about 5 to 10 years or more which will give you the compounded value of your investment over time.

[Roseline492]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

[Tmoonz]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

Yes I agree with you on this and preferably we could say that considering the past history of Bitcoin and how much of it's significant performance it  is supposed to have given us a clearer picture of the future because there can never a future without a past. However,  majority are still indecisive about what truly they believe about Bitcoin, I don't give a fuck about what they believe, Bitcoin should be regarded and given the due respect as it has stand out of the crowd as the one of the best or even the best when comes to the world digital asset class, Bitcoin long term investment is beyond just having a source of income there must be a passionate self conviction that will enable you to make that informed decisions as regards to achieving a successful investment while making adjustments where and when necessary for balancing or rebalancing of your overall investment. With what I learnt in this thread, when It comes to Bitcoin long term investment, buying any time is the best unless maybe your referring to something else other than Bitcoin long term investment that you would suggest any specific condition of the market to be the best because here what we are discussing is Bitcoin long term investment.

[Cryptoprincess101]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

You should understand that every one have their own investment strategy and plan because we have investors that ventures into Bitcoin for different purposes of which some are just interested in making little profits while some are interested in making a lot of profits and those that needs little profits are the short term investors and they are mostly the ones that waits for a perfect dip before accumulating whereas the investors with higher profit goals are the long term hodlers that can be patient enough and consistent in buying at any given price so far as they are into long term hodling. Your assumption about the price of Bitcoin in 10-13 years is good but the question is how many people are willing to allow their investments reach that level? Very few right? Looking at the invention of Bitcoin till now how many accumulated till this time? Isn't it few ones as well, so just like what I said about every investor having different motives about their investments but bitcoiners needs to understand the need for long term hodling.

The future of Bitcoin is not known yet, we are basically dwelling on present analysis and referencing it to what may occur in the future so not every one can be that optimistic about what will happen in the future and every one cannot withstand making investments for long interval of time but we should try and be positive whenever we are making investments more especially about Bitcoin because from recent happenings in the crypto industry, it is evident that Bitcoin will have a long lasting future.

[retreat]

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it -snip-

That's just a strategy commonly used by investors to see the best opportunities for them to be able to buy bitcoin, and there is nothing wrong with that. But as you said, whatever price is the best price for Bitcoin and the best time to buy it is today - because when someone waits for the price of Bitcoin to fall, then they may lose their chance to be able to buy Bitcoin at the best price. So instead of having to worry about it, it's better to buy it directly and then hold it for a longer period of time or buy it periodically using the DCA method.

[Sim_card]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

You should understand that every one have their own investment strategy and plan because we have investors that ventures into Bitcoin for different purposes of which some are just interested in making little profits while some are interested in making a lot of profits and those that needs little profits are the short term investors and they are mostly the ones that waits for a perfect dip before accumulating whereas the investors with higher profit goals are the long term hodlers that can be patient enough and consistent in buying at any given price so far as they are into long term hodling. Your assumption about the price of Bitcoin in 10-13 years is good but the question is how many people are willing to allow their investments reach that level? Very few right? Looking at the invention of Bitcoin till now how many accumulated till this time? Isn't it few ones as well, so just like what I said about every investor having different motives about their investments but bitcoiners needs to understand the need for long term hodling.

I don't know why you are saying that people can invest in short-term, when we are talking about how to invest in a way so that you don't end up regretting your actions and wasting your time. Most people that think Bitcoin is a scam are people who invested in short-term because of their short sightedness and they run at loss, because they thought that bitcoin is is get rich quick scheme. The reason why one must invest in a long period of time in bitcoin is because of the risk level due to its high volatile nature. The long term investment limits the risk, and become future back up.

So tell me is a business that you took your time and money trying to run it, so that it can grow, and along the line when it is on its way to flourish, you sell it out and keep the money due to little profit, is that not a waste of time and an act of being unserious with life. I see people who think or invest in short-term as people who don't know what they want, and are not planning for the future. Holding bitcoin for a short time is not investment, because investment is something that is allowed to grow for a very long period of time, that can even be inherited by the heirs.

When investing in bitcoin, invest in long-term and enjoy your old age, and also make your children proud of you, for using this little opportunity that you have to buy bitcoin regularly through DCA weekly or monthly and hodli for long.

[Ricardo11]

A few days ago I was withdrawing some money from my bitcoin holdings to fulfill my dream of a computer, which I also needed. But I think I was wrong, if I had bought the computer a few days later, I could have expected better things, as many people think that the price of Bitcoin will increase after the next halving. from my holding, I withdrew about $500 from Bitcoin when it was worth 69k , after halving it, sold my holdings and bought a computer, I would have got something better.

But anyway there is no use in thinking about what has happened,

  Now we should be well prepared for the next half opportunity, I would say, to avoid making the same mistake I did, you invest now and forget this investment for a long time, either you invest more together and hold for a long time or regularly Invest on a weekly or monthly basis using the DCA method for long periods of time. After you invest, instead of thinking about the price of Bitcoin, focus more on holding and keep holding without looking at the price for a long time, you will surely achieve a lot.